TRUSTED GOLD BUYERS IN MELBOURNE OFFER COMPETITIVE RATES FOR YOUR GOLD

Factors That Influence The Price of Your Gold

Gold always holds monetary value because it is directly linked to international gold prices that drive the value of all currencies. Reputable gold buyers work with evaluators to appraise your gold items and determine an offer for them. There are many factors to consider when selling gold for a profit - the money you make from selling your gold, especially jewellery, may not be much higher than its original price. Here are the basics of gold evaluation.

Purity: Gold is a soft metal, and it is usually combined with other metal alloys to create jewellery or even coins. Gold’s purity is measured in carats, an expression of the percentage of pure gold versus the ratio of other metals in a piece of jewellery. Remember that you are only making money on the pure gold portion of your jewellery.

Weight: The weight of gold jewellery and coins is measured in grams. The appraiser will weigh each piece of jewellery you wish to sell and determine how much pure gold is present in it. The value of your gold is a combination of the weight and the purity - higher purities are worth more money per gram. Form. There are many ways to make money from gold items. You can sell jewellery and coins to collectors and resellers as valuable items in their final form. Many gold dealers also melt down gold pieces to extract the pure gold and create new jewellery, coins, and bars. A gold bar buyer may resell pure gold bars or use them to make gold coins.

Melting: Buyers may need to melt your gold items to extract the pure gold and separate it from other metals. Buyers consider the process and cost of melting your items when they generate an offer price for your gold. Scrap gold buyers usually incorporate a higher melting price into the final offer than pure gold bullion buyers.

Tips for Selling Gold and Mistakes to Avoid

Selling old gold jewellery and collectors coins sounds like a simple way to make some extra money when you need it most. However, it is easy to make mistakes when you sell gold to dealers without doing your research first. Knowing how your gold is appraised and managing your expectations are essential for first-time sellers. Here are some tips for selling gold to help you get the best price for your valuables.

Know the market price: The market price of gold is constantly fluctuating, and it can influence the price dealers are willing to pay for your gold. The gold price is measured in troy ounces - a unit of measurement that originates from the medieval era. One troy ounce is equivalent to about 31 grams of gold. Selling your gold pieces during rising gold prices is the ideal way to make a profit. Understand how it is weighed. A jewellery or gold coins buyer weighs your gold using a jewellers’ scale to get its precise weight measured in grams. A common mistake is weighing all your gold jewellery together to determine the price. Make sure you weigh gold of different carat values separately - higher carats means your jewellery contains more pure gold, and it should generate a higher price per gram. Manage your expectations. Many new sellers don’t know how to calculate their gold’s value at home before they attempt to sell it. Gold coins and jewellery often holds more sentimental value than monetary value. Make sure you estimate the value of your gold before you attempt to sell it for a higher price and end up disappointed. Consider selling your gold watches and jewellery to Prakahs Gold Finance rather than melting them down.

Do your research: Many buyers of gold are not trustworthy dealers and may try to buy your items for low and unfair prices. Make sure you research different dealers before selling your gold and get it appraised independently first. Gold dealers also charge a fee for their services, and you can expect to always sell your gold for a price that is slightly under the market value.

What Sets Prakahs Gold Finance Apart as Gold and Jewellery Buyers

We understand the importance of making educated decisions when selling valuable items to a gold dealer. Researching the dealer is standard practice, and we value transparency between buyers and sellers. We aim to build trust with our customers through fair pricing and access to information. Here are some reasons to choose Prakahs Gold Finance and what sets us apart as leaders in the gold exchange industry.

Experienced dealers: Our team has a wealth of industry experience, and we have been trusted jewellery, coins, andgold bars buyers in our community for over ten years. We attract returning investors from around the world that trade gold with us on regular occasions. We offer relevant sales advice, and our team is constantly working to improve their industry knowledge.

Professional service: There are many ways to sell gold, and experienced sellers are quick to offer warnings about untrustworthy buyers they have encountered. We understand that selling sentimental items can be an emotional process. Our team aims to create a safe and welcoming atmosphere and a trusting, professional relationship with gold sellers.

Competitive rates: We offer competitive pricing for gold, and we also offer loans against the gold items that you are not ready to sell. Our prices are relative to the market price, and we update them regularly. We evaluate your gold in your presence to ensure that you are involved in the process, and we offer you the opportunity to ask us any questions you may have.

Instant cash payments: Sometimes you need to sell your gold quickly to generate funds for an emergency. There is no appointment required to evaluate your gold with us, and we can make you an instant offer for urgent sales.We buy gold for cash, and the sales process is quick and simple. We require you to present a valid form of identificationfor gold loans and sales to ensure the legality of each transaction.