4 Tips on How to Exchange Gold for Cash

Sanchita Mondal
2 min readAug 13, 2021

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Introduction

It is a smart move to invest in gold. For assuming the uncertainty, many people are now moving to buy gold. Apart from that, selling some shred of your gold ornaments can also give you some money, and at the same time, you can get rid of this. But you must be careful because not all the time does the rate of gold stay at the top. Sometimes it will fall drastically. So, don’t plan to sell at that time. But where to sell it? Before planning to sell or exchange gold for cash, you need to do thorough research.

Here are five must-have tips on to deal when you go to the jeweller to exchange gold for cash.

Know the value –

Know the present value and the measurement is important to keep in mind the present market value of gold. So that you can calculate by yourself and no dealer can fool you. Apart from that, you should know the measurement scale that is used to weigh gold. Only a trusted gold jewellery buyer in Kolkata can give you a fair deal. So, research carefully and must know the market value.

Find a trusted buyer -

It is very sad to hear that many buyers do not care about cheating people when they come you sell their valuable gold jewellery. They are always finding that one person who does not have any idea about the present market value of gold. So, find a gold jewellery buyer in Kolkata with a very careful mind. Otherwise, you cannot catch the miscalculation that the dealer has given to you. Ultimately you will lose.

Get a clear idea about karats -

Knowing how much karats your jewellery holds is another important point before selling or exchanging it. It will probably help you to secure the best price on your exchange of gold for cash. You can also take snaps of your gold jewellery so that if the dealer denies having your jewellery, then you can show the snaps and documents. So, request your gold buyer to give a proper document of your deal.

Compare multiple options

If you have finalized that you will sell or exchange gold for cash, it will be great if you compare more than one option. Then, when you visit and check multiple shops, you can know you give you the best rate. So, comparing dealers will help you to get the best price.

Conclusion

After discussing the points mentioned above, we hope that you can now do an exchange gold for cash easily. No need to get worried; pay attention to your move and follow the points.

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