Friday, January 26, 2018

to Sell Gold for Cash

The popular and prime jewellery shops like Tanishq, GRT, Joy Alukkas and so on will not entertain paying cash for your jewellery. They will only be interested to exchange for new jewellery.
1.You have to find a local Gold Buyer
2.How much will they pay for second hand Gold Jewellery or Gold Coins?
For 916 Hallmark Jewellery, they will pay you 96% in cash on the current gold rate
For non-916 hallmark jewellery, they will pay you max of 90% and it will vary based on the purity of the Gold
3.Make sure to take photocopy of your identity proof and address proof as the Gold Buyer will ask for the same.
4.Make sure to collect cash instantly, so that you are not cheated.

Guide to investing in gold