Shopping Smarter, Not Harder

3 Tips To Get More When Selling Your Gold

1 August 2016

Willie Shaw

If you are in a tight spot and are looking for some cash, or if you would otherwise like to get rid of your gold, you could be looking for the best way to sell it. You might have heard of some of the gold buyers who will allow you to send in your gold and who will then send you a check in the mail, and you might be thinking that this option is probably easiest. However, you might be looking for the best way to get as much money as possible for your gold items. Luckily, following these tips will help you get more when selling your gold.

1. Compare Rates

Don't just sell your gold to the first gold buyer that you come across. Some gold buyers pay significantly more than others for gold, so this is one area where it is definitely smart to shop around. Call a few gold buyers in your area and inquire about how much they are paying for gold by weight, then go with the one that offers the highest amount.

2. Separate It

Don't try to sell all of your gold together. Instead, separate your gold by karat, since 10 karat gold and 18 karat gold are worth vastly different amounts when you sell to the right gold buyer. Skip the gold buyers who want to weigh all of your gold together, and instead, find one who will weigh your gold separately and pay you accordingly. This can make a big difference in how much you get for your gold.

3. Check the Market Price

Just as with many things, the price of gold fluctuates on a daily basis. Consider looking online for the market price for gold and comparing over a span of a few days. It's best to sell your gold when gold is considered more valuable, so if you aren't in a pinch and don't have to sell your gold right away, waiting until a day when gold is worth more can make a big difference in how much you will get for your gold, particularly if you have a larger amount that you are trying to sell.

As you can see, there are steps that you can take to help you get more money for your gold. If you're looking to sell your gold for cash money, try these three tips, and you're sure to be pleased with the offer that you receive for your gold items. For more information, talk to a professional like Palace Jewelry & Loan.

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