Evaluate Gold Yourself Before Selling it to Jewelry Buyers

Parting with gold can be a tough call. But if you have to, then you must. You may have different bits of jewelry that you want to sell. There could be rings, ear rings, bracelets, etc. The value of each bit will vary depending on its weight and karat value. Before you set out to sell jewelry you need to do your own homework in determining the accurate value of your gold.

You need to consider three factors when you evaluate your jewelry before selling it to jewelry buyers. They are:

What karat is your gold?What is the weight in grams? And,What is the prevailing price per gram per karat of it?

What karat is your gold?

The karat mark is most commonly embossed on each piece of jewelry somewhere on the inside of it. The piece of jewelry bears a stamp that mentions what karat it is. Also when you buy, most sellers give certificates will all details of gold. Karat is the measurement of purity of gold.

What is the weight in grams?

This can be determined accurately with the help of weighing scales. If you are selling gold of different purities, then they have to be weighed separately. If they are weighed together, then you will be at a loss as the price per gram of 10 karats will be less than that of 14karats. It is best if you stick to grams as a unit for weight measurement and avoid ounce or pennyweight as grams are most accurate.

You can purchase a testing kit that comes with a testing solution, touchstone and instructions to use them. A testing kit will allow you to test the genuineness of gold. These kits are easily available over the counter. You can also buy them from shopping websites or well-known jewelry stores. It is also a good idea to possess a weighing scale so that you can have a rough idea of the value of what you want to sell. Hiring an appraiser is also a common practice. Appraisers are professionals who will assess the value of gold before you sell it to jewelry buyers.

What is the prevailing price per gram per karat of gold?

This is something you will have to find out for yourself. You can refer to trade and business newspapers that print the updated prices of gold each day. Online websites or TV channels are also a great source to know the prevailing price of it. You can also walk up to a reputed jewelry store to know the exact price.

Now that you know what the prevailing price of gold per karat is and what karat your gold is and what is the weight in grams, you can easily sell your gold to jewelry buyers. You can compare your estimated value with that of the buyer. This information will decide how good your deal is. Your details may not match exactly with that of the buyer, but even if it is close you can sure of a good bargain.

If you are planning to sell gold or diamonds then Orenisbetter can be your first choice. Oren is one of the top jewelry buyers in Toronto. Sell your gold coins, diamond rings, silver & engagement rings to them and get cash for gold in return.