Why Gold Buyers are the Best Choice To Sell Your Gold?

It has become a new trend that many people who are interested in investments are moving towards buying gold at low prices and then selling it off at the highest price. Gold rates fluctuate daily. And if you find the best price, then sell it to gold buyers near you.

Not only about investment, you can also sell gold in Bangalore or anywhere else to a gold buyer. Also, there are many other gold dealers who accept gold and give you cash for it, but are they really reliable as a gold buyer?

This article helps to distinguish how a gold buyer is better than any other gold dealer.

Gold Dealers 

First, let us know the difference between the gold dealers who help you get cash for gold.

# Gold Buyers

These gold dealers help you sell gold to them and in return, they give you cash. You can expect up to 97 percent of the total value of your gold costs. Further, you get instant cash for gold. This entire process of selling gold will take only a few minutes.

# Pawn Shops

A pawn shop is another gold dealer who also deals with helping you sell gold and get cash for it. But the problem with it is – this gold dealer specializes in pledging gold as collateral and getting cash for it.

# Local Jewellers

You can also visit a local jeweler to sell your gold, but they limit it to a few people they find as genuine. Most of the time, the jeweler would only help exchange gold for gold. 

How to Sell Gold to Gold Buyers?

# Visit The Gold Buyers Store

Before you sell gold, you should always visit the gold buyer’s store. This way, you can understand how genuine the gold dealer is. You can also get a rough estimation for your gold before you finalize writing it off.

# Carry your Invoice

When you visit the gold buyer’s store, the first thing that they ask of you is for the original invoice. You would have to present either a soft copy or a hard copy of the invoice. They ask for it to verify the gold and its content for the rough estimation. Also, an invoice acts as proof of ownership.

# Ask For a Transparent Procedure

After you hand over your gold to the gold buyer, ask them if they evaluate your gold transparently. A transparent process refers to cleaning, weighing, and checking for gold purity right in front of you.

Cleaning refers to removing any foreign elements sticking to your gold jewelry. Whereas weighing it refers to checking the total weight of your gold jewelry, excluding any gems or stones attached to it. Last is checking the gold purity level, which means how much pure gold is present.

# Fair Evaluation

If you want fair evaluation, then you should make sure you know the spot price of that day. A fair evaluation is when the gold buyer values the gold according to the price of that day. 

Only accept to buy gold where the price that they offer for it seems fair.

# Instant Cash For Gold

Once you give your acceptance of the value that the gold buyer offers, receive instant cash for it. No gold dealer should take over 4 hours to complete the transaction. 

Gold buyers offer to pay you in cash, Unified Payment Interface (UPI), or bank transfers. Bank transfers are as Real Time Gross Settlement (RTGS), National Electronic Fund Transfer (NEFT), and Immediate Payment Service (IMPS).

Do not accept payments as cheques or demand drafts, as these could turn out bogus and also delay the payment.

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