10 Things Every Gold Buyer Checks Before Buying Your Gold
Selling gold can be a quick way to get cash, whether you're parting with old jewellery, broken ornaments, coins, or unused gold items. However, many sellers are surprised to learn that gold buyers don't simply weigh the gold and offer a price. Professional gold buyers carefully evaluate several factors before determining how much your gold is worth. Understanding what gold buyers check can help you prepare better and ensure that you receive a fair price for your valuables. 1. Gold Purity The first thing every gold buyer checks is the purity of the gold. Gold jewellery is rarely made from pure gold because pure gold is soft and easily damaged. Purity is usually measured in karats: 24K = 99.9% pure gold 22K = 91.6% pure gold 18K = 75% pure gold 14K = 58.5% pure gold The higher the purity, the higher the value. Buyers use various testing methods to verify purity instead of relying solely on markings stamped on the jewellery. 2. Hallmark ...