Selling Gold? Simple Tips to Get Better Value for Your Jewellery

Chennai: With gold prices remaining high, many people are considering selling jewellery to meet urgent financial needs. However, sellers can lose money if they are unaware of purity, weight calculations and deductions.

Experts recommend checking the current gold rate and comparing offers from at least two or three buyers before finalising a sale. The first offer may not always be the best, so sellers should understand the valuation and negotiate where possible.

The value of jewellery depends mainly on its gold purity and net gold weight. Sellers should ensure that stones and other non-gold components are weighed separately and that the purity is properly tested.

It is also important to remember that online spot gold prices generally refer to pure 24-karat gold, while jewellery is usually made from lower-purity alloys. The actual amount received will therefore depend on the gold content, purity and buyer`s applicable deductions.

Designer or antique jewellery may sometimes be worth more when sold as a finished piece rather than melted. Broken jewellery and single earrings can also retain gold value, while gold-plated items have little recoverable gold value.

Before selling, customers should verify the purity, weight, applicable deductions and final payout, compare buyers and obtain proper documentation to ensure they receive a fair value for their gold.

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