The value of gold is not decided simply by how old, new, big or beautiful a jewellery piece looks. The actual value depends mainly on factors such as gold purity, weight and the current market price of gold.
For example, 22K, 18K and 24K gold have different levels of purity, so their values are different. When you sell old gold jewellery, its purity and net gold weight are important factors in determining how much it is worth. Making charges and the original price you paid for the jewellery do not automatically become part of its resale value.
Gold prices can also change regularly according to market conditions. This means the value of an old gold item can change over time even though the jewellery itself has remained the same.
So, if you have old chains, rings, bangles, earrings or broken gold jewellery that you no longer use, don’t simply judge its worth by its appearance. Know the purity, know the weight and check the current gold value before selling.
At TJ Instant Cash for Gold & Silver, we help customers understand the value of their old gold and silver items and make the selling process simple and convenient.
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