WHAT YOU NEED TO KNOW
So, you are planning to sell your gold for some quick cash. Here are the things you need to know in order to determine just how much you can expect to be paid out of your gold.
Determine the karat value of your gold (i.e. 10k, 14k, or 22k). There is an inscription somewhere on the jewellery which will give you a good indication of the quality of your gold.
When it comes to knowing the value of your gold jewellery, there are many factors to consider. Gold dealers generally use three things in order to determine the value of gold. These are:
1: Karat - The higher the Karat, the higher the value
3: Price of gold on the day
So for the issue of whether used gold is worth more or less than new is actually out of the question.
HOW DO WE DETERMINE THE VALUE OF YOUR GOLD?
GLOBAL GOLD PRICE