Gold has been used an investment option in India since ages. In times of dire need, it is a common practice to sell gold for cash. Gold can be in the form of coins which are commonly referred to as medallions, gold bullion or bars. Gold coins can be bought for gifting and saving and come in different minted shapes like round and rectangular. If you have the need to liquidate your investment for an urgent need, how can you do it? What are the best option when it comes to selling your precious investment?
It is imperative to arm yourself with information before you sell gold coins for cash. Here is handy guide of important tips that will tell you about the best practices for selling gold and how you can get the best price for your precious metal.
Encash your gold coins for a bright future
1) Check the purity of gold
The gold available in the market is either of 22 carat or 24 carat. You can know the purity of the gold coins at the time of purchase. It is always a safe option to check the purity of your gold tested by the buyer of the gold, which will give you an idea about how genuine it is. This assurance about the purity of your gold coins will empower you to sell it at a good price.
2) Weight of your gold
The weight of your gold is another important factor that decides on the amount of cash you get when you decide to sell gold coins. Coins can have a weight of anywhere between 0.5 g to 100 g. You can put a price for your gold if you know its weight. This will give you an early estimate of the price that your precious metal can yield.
3) Look for trusted buyers
Refer to various sources offline and online to know which the best place to sell gold is. Ask for opinions from your family and friends and look into online reviews of the gold buyers near you. Make a list of which are the best and most trusted gold buyers and verify their credentials before you decide to go with one of them. Reliability, professionalism and security are the three factors that determine a genuine gold buyer’s worth.
Every gold buyer in the market may have tall promises for you, but it is upto you to decide who you want to go with. Arm yourself with enough information before you finalise on a gold buyer and make sure that they give you the best price for your gold.
Which is the best place to sell gold coins?
If you are looking for gold buyers who are genuine and trusted and would give you the fair price for your gold, then look no further. At Jewels Planet, we give you the best price for your gold in cash/cheque/IMPS or RTGS instantly. Our valuation system is computerized and legitimate. The testing of your gold is done right in front of your eyes and we make sure that you get a fair price when you sell gold.
The staff members are friendly and informed educating you with information about your gold. You are saved from the harassment of middlemen and you can make yourself sure about selling your gold in a secure environment that will fetch you the best price.
What are you waiting for? Do not let those gold coins waste away in your locker. Come right away to us, to get the best price for you gold.
Liquidate your gold, do not let it waste away!