Gold has always been synonymous with wealth and power. In India especially, gold has been a sign of prosperity. Therefore, most Indians find it prudent to purchase gold. However, in light of the recent recession and a sudden drop in the price of gold, many people are opting to obtain cash for gold.
People who are willing to sell their gold are advised to get the best price for it. It is important to opt for the best gold buyer with certain scruples to help set you up for monetary success.
Before obtaining cash for gold sold, ensure that you have your gold organized. If you spend some time organizing your gold, it will save a lot of the dealer's time. Since most gold dealers believe that time is money, they will be willing to give you more for your gold if it is organized. Ensure that you do not, in the process, also mingle your imitation gold with the real gold as it could be a huge selling mistake.
If you wish to receive cash for gold sold, ensure that you make the time to sort out your collection. With the aid of a magnifier, sort your gold according to its weight (‘10K', ‘14K' etc). Also ensure that your gold has stamps - ‘GF' or ‘GP' - on them to certify that the surface is made of gold as most gold dealers usually opt for solid gold. Put the real gold and imitation gold in separate bags to avoid confusion.
Once they have been sorted and weighed to obtain cash for gold, it is then time to get quotes for them. It is advisable to get at least three quotes from different dealers in order to make a final, informed decision which will give you the best price for the gold you wish to sell. You can start off with phone quotes, and if that does not work, opt to go down to the shop to get a personal quote. Also, while getting phone quotes, ensure you also get a quote from a refinery. These refineries offer the most money for the gold that you will be willing to sell.
Before you make your way to the place that gives you the best phone quote for cash for gold, ensure that you check reviews of people who have sold their gold to those dealers.
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