Choosing the right buyer, comparing prices and getting a receipt protect your money.
Selling scrap gold can feel quick, but a few checks make a real difference.
Ask about the buyer's authorisation. Buying scrap gold requires legal authorisation. You are entitled to see the company name, address and licence.
Weighing and testing happen in front of you. It is normal to see the scale display and ask how the karat is measured.
Ask for the price per gram, in writing. Which karat, how many grams, which price per gram, and how far below spot. The calculator in the app gives you a reference.
Stones and solder. For pieces with stones the stone weight is deducted. Ask how it is done.
Get more than one offer and compare on the same day; prices move during the day.
Paperwork and payment. Take a receipt or sales document. You may be asked for ID, which is a legal requirement. Cash payment limits may apply.
Questions about selling scrap gold or buying 14K gold jewellery wholesale? Contact Ervam Gold or use our scrap gold calculator.