10 Golden Tips To Get Reliable Cash For Gold

Is  the gold selling trend on the rise? Do you wish to be a part of the gold selling program and join the gold selling party along with your mates? But how do you do this business? How do you know that you are getting the right appropriate worth for your gold jewelry? Of course, you can visit to gold party with your friends, but do not get carried away. That can get you in trouble. Here are some tips that you can follow to sell your gold for cash.

Cash for Gold

• Understand the Scales: It is true that weight of a gold ornament determines its price, but did you know that jewelers use a different kind of measurement? Some dealers use Troy ounce as a measurement, while others use pennyweight, and the remainder of dealers use grams. One pennyweight is equal to 1.555 grams. Most dealers always strive to weigh items using one type of measurement and paying you by another type of measurement. Make sure that the dealer does not weigh gold in pennyweight and pay you the money in terms of grams.
• Have Knowledge of Your Karats: Since pure gold is brittle to be used, it is mixed with other metals to reinforce durability. A karat is equivalent to 1/24 of the weight of pure gold. Therefore 14 karats means gold in 14 parts and other metals in 10 parts. Jewelry less than 14 karats cannot be termed ‘gold jewelry.’ It is important for you to know whether your gold jewelry consists of 14 karats gold. Otherwise, it may pose a problem. 
• Isolate Your Karates: Divide your gold jewelry as per karate. Do not allow measuring them together. There are some wicked dealers who fool you by measuring all jewelry and paying you the lowest cost. I’m sure you do not want to fool yourself.
• Know the Value: Before heading towards the gold party consult with a local jewelry shop and check the current market prices of gold. Dealers are quick enough to judge customers. They quickly understand who is experienced and who is a novice. Some dealers know that people have come to sell gold for instant cash. Hence, dealers do provide you with the cash but that’s lower than the actual value.
• Study Your Buyer: Before selling gold, do thorough research on the store chosen. It is important that you go through their reputation and public review before selling your gold items.
  
  Know about the product that you are selling
  
  There is some gold, which when melted is worth more than they are actually paid for. If your gold items are manufactured from a reputed designer store, it will cost you more.
• Know the Fine Print: Opting for things online is always trouble free but there lies high risk factor. Read the terms and conditions, the policies of the company thoroughly before transacting online. Find answers to the following questions – how long will they take to pay? What is the measurement they are using to calculate the gold value? Is there any period of withdrawal? Before sending them online, take pictures of the gold items that you want to sell. This will be kept as a proof.
• Shop Around: Do not get moved by the very first offer. To know if you are getting the best price, visit multiple stores with your gold items. Have it appraised before selling it.
• Be Practical: Remember, gold parties are held by friends and neighbors generally generally for fun rather than to focus more on the selling. Hence, considering all the situations, you are still likely to get the best value.
• Show Your I.D. Proof: As per the rules of the government, dealers often ask for your identity proof. If you are not asked for any I.D. proof, know that this is not the right place to sell gold for cash.