How To Choose Best Cash for Gold Provider Near Me

Posted by Sandip Gupta
1
Jan 31, 2020
510 Views

Selling old gold jewellery is a good idea, especially if you have vintage or heirloom pieces that lack hallmark and certification.

All should go smoothly as long as you don’t expect the buyers to pay the market value for your gold!

Sounds unfair, doesn’t it? That is the reason you need to know which buyers are ready to offer the best prices for your jewellery or gold coins.

Here’s what you can expect from your local pawnshop –

i. He will pay you a part of the gold’s material value and not consider the craftsmanship of the jewellery piece.

ii. The dealers need to pay a portion to the person who weighs, cleans and melts the gold, which can be up to 30% of the value of the refined gold.

iii. The buyer will always make a profit.

The chances of you profiting from the sale of gold look slim when you approach a traditional gold buyer or a gold pawn shop. Hence it is necessary to seek out a buyer who offers an honest valuation of your assets and gives you the best cash for gold rate.

The money you should get in lieu of your gold assets should depend on the gold’s purity and quantity. The only way to ensure that you get the best possible rate is by approaching a genuine gold finance institution. You can check out Scrap Gold Buyer, 24Karat, Muthoot Gold Point, Gold World and Gold Buyers for the market rate of gold.

Here is what you can expect from the leading cash-for-gold providers in your area –

1. The modern cash-for-gold providers ensure that the entire valuation takes place in front of you. They do not use touchstones, but an intricate multi-level process that shows the approximate composition (purity) of gold throughout the jewellery.

2. Parties like Muthoot Gold Point only use the current market rate of gold for providing an accurate valuation.

3. They clean the gold with state-of-the-art ultrasonic and XRF machines that do not scrape away gold particles but only get rid of dirt and dust that may have accumulated on the metal.

4. Cash-for-gold providers consider three decimal points per gram of gold. They do not round off the weight to minimize the potential value of gold.

5. Leading gold buyers and cash providers invest in scientifically tested crucibles that do not retain gold particles after the smelting process. The smelting takes place in front of the owner to eliminate every ounce of doubt.

6. Several cash-for-gold providers like MGP offer INR 10,000 as cash and any amount above INR 10,000 goes to the bank account via IMPS, NEFT or RT. They always share a signed invoice and electronic verification of the transfers.

It is now easy and secure to get cash against your old gold at one of the reputed and trusted providers.

Even if you want just a valuation, you can be sure that these providers will clean and evaluate your gold assets for free!


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