Selling unwanted gold can be a quick way to earn some extra cash, but getting the best deal isn’t always easy. There are plenty of companies to choose from when you want to sell gold in Singapore, but these may not offer you the best price.
To help you out, here are some tips to ensure you get the best deal when selling gold jewellery.
Consider the best time to sell gold
The rules of supply and demand dictate that if more people want to invest in a commodity, its price will increase. Gold tends to be in more demand when the economy is looking rocky, as it’s seen as a safer bet than other forms of investment, such as stocks and shares.
It’s therefore worth considering the state of the economy when you sell your Rolex in Singapore.
Get a value for your gold
Looking at the hallmarks and weighing your jewellery will help you to assess how much your items might be worth, based on current gold prices. You can also get a valuation from high street jewellers to give you a firm idea of what your gold is worth.
If you do send your items to a cash-for-gold company, always get a valuation first. If you think it’s a poor deal, you can ask for a better price or request the return of your gold.
Sell gold online
If you live in an area with few jewellers or are unable to find a good deal for your gold on the high street, you could try selling your items online on websites such as Jen Jewel.
As you're potentially selling an expensive item, it will help to build up a reasonable level of positive feedback from other site users so buyers know you are trustworthy.
Look at the value of the whole item, not just the gold
Gold buyers are generally interested only in the value of the metal making up gold items, rather than any precious ;stones in them or the value of the craftsmanship.
If you suspect any items you own have more value than just the gold in them, are antiques or might be of interest to collectors, get them properly assessed and valued before selling them.
On the other hand, if you are looking to buy gold jewellery online, visit our website because we can help you with that too!
Resource:
https://visual.ly/community/Infographics/business/4-tips-when-you-sell-gold-singapore
