During weddings, gold jewellery is more than just a luxurious addition to your wardrobe. It is an emotion passed down from one generation to another. However, when a sudden financial challenge arises, you wonder:

Shall I sell my wedding jewellery for cash?

Is it worthy it to sell my gold for cash?

How can I sell this gold for money in a safe manner?

At Cash On Old Gold, you can sell old gold jewellery for cash through a transparent process to fund your present and future needs. In this blog, we will share all the essential information about securely selling your wedding gold jewellery. 

Why Should You Sell Your Gold for Cash?

Selling gold jewellery is a personal choice that may vary from one person to another. Let us look at the reasons why people choose to sell gold for cash during emergencies. They are as follows: 

• Immediate Access to Money 

In times of financial distress, selling gold is the right option to fetch instant money. We understand the emotional sentiments attached to your wedding jewellery. However, gold jewellery provides you with instant funds. Unlike other methods of liquidating assets, such as stock sales or real estate transactions, which take several days or weeks to complete. Thus, selling gold jewellery for cash can provide you with the funds you need instantly.  

• Freeing Up Old or Unused jewellery 

Over the years, there has been some wedding jewellery that you have never worn. Therefore, when you decide to give them away for cash, it is a good option to meet your current financial needs. It gives you an opportunity to invest the money received upon selling your old gold jewellery for valuable purposes. 

• Profit from Higher Gold Prices 

Gold generally retains its value over time, which makes it a reliable asset during emergencies. When the price of gold increases in the marketplace, it is better to maximize your profits during emergencies. 

Determining Factors of the Resale Value of Gold Wedding Jewellery

When you decide to sell your gold jewellery, it is important to understand what determines its resale value. They are as follows: 

• Gold Jewellery Purity

The purity of your gold jewellery is one of the most significant factors influencing its resale value. The higher the purity, the more valuable the gold item. Pure gold is 24 karat, so its selling price is higher compared to gold jewellery mixed with other metals. Before selling your gold jewellery, check for a hallmark stamp. It shows the purity of your gold wedding jewellery.  It ensures that you receive a fair price while selling your old gold jewellery in Kolkata.  

2. Weight of Gold Jewellery 

Gold is typically sold based on its weight. The heavier pieces contain more gold, which increases their selling value. Even if your gold wedding jewellery is engraved with gemstones or intricate designs, you can visit our stores to get the best price for your jewellery. Generally, gold jewellery is measured in grams or ounces.

3. Age and Style 

The price of selling your wedding gold jewellery depends on its age and style, too. For instance, vintage and antique jewellery are well sought after because of their unique design and historical significance. On the other hand, any outdated gold jewellery style may be less desirable for buyers. However, the selling price of gold depends more on its materials and weight. 

4. Condition of Your Gold Jewellery

Your gold jewellery may remain unaffected by scratches and wear on its surface. However, the condition of your wedding jewellery, such as intact clasps, unbent bands, and well-maintained designs, affects its resale value. At Cash On Old Gold, we also accept broken or damaged gold, diamond, and polki jewellery for resale purposes. 

Documents Required to Sell Your Gold Jewellery

You need the following documents to sell your gold jewellery when you visit our office. They are as follows:

• Proof of Identity 

To verify your identity, you need to provide a government-issued photo ID and proof of address. This includes : 

• Aadhaar Card
• Passport 
• Voter ID 
• Driver’s License
• PAN Card 
• Bank Statement with Address

• Proof of Ownership 

To establish that you legally own the gold jewellery you are selling, you should present the following:

• You need to present the purchase receipt to prove that you are the owner of the jewellery. 
• If someone gifted you the gold jewellery, a notarized deed from the person who gifted it to you will do its work. 
• In the case of inherited gold, you need to provide a legal document to prove the inheritance of the jewellery. 

Steps to Sell Your Old Gold for Cash

After you bring your gold jewellery for sale, we employ our transparent process to provide you instant cash. They are as follows:  

• Valuation 

In our office, we test and value your gold jewellery in front of your eyes. During this process, we do not melt the gold jewellery or damage its surface in any way. 

2. Testing 

Our XRF machine can identify the karats and percentage of gold in your jewellery in less than 5 seconds. 

3. Offer 

We consider the current market rates to offer you a fair price for your old gold jewellery in Kolkata. 

4. Instant Payment 

Upon acceptance of the offer, we give you spot payment for your jewellery. We give you instant cash or transfer your money through cheque, NEFT, and so on, based on your preferences. 

Conclusion

We understand the sentimental value associated with your wedding jewellery made of gold. Unfortunately, in tough times, it is more important to meet your current financial situation. In our shop, we offer you a fair price when you sell old gold jewellery in Kolkata based on its weight, purity, and current market value. We are transparent in every step when you sell your gold jewellery to us. Contact Cash on Old Gold now to get instant cash for selling your precious jewellery.