Gold jewellery has always been more than just a fashion statement; it’s a tangible investment that can hold its value or even appreciate over time. However, not all gold pieces are created equal when it comes to resale value. Factors such as purity, design, brand, and condition play a crucial role in determining the amount you can recoup when you decide to sell. 

Before you sell old gold jewellery in Kolkata, it’s essential to know which type of gold has the best resale value. In this blog, we explore the types of gold jewellery that offer the best resale value, helping you make informed choices.

What is the value of your Gold? 

It’s crucial to have a clear understanding of the value that your gold assets possess. Gold is primarily measured in carats, as this directly impacts its value. Pure Indian gold is 24 carats, and the average gold ranges from 18 carats to 22 carats. 

For instance, 18-carat gold is approximately 75% pure, while 14-carat gold has a purity of 58.3%. However, the heritage value associated with your gold can significantly enhance its resale value. 

It is wise to consult a professional before selling your gold items. Authentic buyers will confirm the actual resale value of your gold and offer you rightful cash amounts. 

Why Selling Old Gold Is Good? 

Gold Holds Value

Gold is one of the most valuable and stable commodities in the world. Letting it sit unused wastes opportunity. Even broken or outdated jewellery retains monetary worth. That means you’re sitting on money without knowing it.

Inflation Affects Your Buying Power

Cash loses value over time. Gold doesn’t. But gold that isn’t sold or used is effectively non-performing. Sell old gold jewellery today and put that wealth to better use, be it paying off debt or investing elsewhere.

What Types of Old Gold Can You Sell?

Old gold can be of various types, units, and weights. At Cash on Old Gold, we accept the following types of old gold: 

• Old gold jewellery
• Broken chains and earrings
• Outdated bangles and rings
• Gold coins and bars
• Inherited gold items
• Gold-plated items and jewelleries 
• Scrap or damaged old items 

All your gold items and ornaments will be valued through a thorough testing process and provided with a resale value that accurately reflects the current market. Our experts will ensure that it is valued based on its purity, purchase value, weight, and other heritage values associated with it. 

How to Prepare Before Selling Gold 

Selling gold is quite a hectic process and requires both patience and emotional strength. The majority of Indians value gold more than just an asset. Gold carries emotional value, serves as a cultural symbol, and is often associated with heirlooms. 

This often prevents Indians from selling gold to acquire immediate cash. If you need to, release your emotional stress or longing. It is, however, difficult to think from a practical perspective.

Your scrap gold might face devaluation in the upcoming years. Gold prices are constantly fluctuating, and there is uncertainty about the cash value that you might receive upon sale. 

Hence, it’s wise to sell old gold jewellery in Kolkata when market demand is high. So that your cash return becomes adequate and helps you cover expenses for festivals. 

What is the Best time to Sell Gold? 

There’s no perfect time to sell gold. Many individuals wait for the right market trend to receive the maximum resale value of old gold. Waiting for too long could mean missing out on a reasonable price or opportunity. Here’s how you can choose the best time to sell gold: 

• Gold rates are high
• You need emergency cash
• You’re upgrading jewellery
• You want to reduce unused assets

Wrapping Up 

Selling gold for cash is a practical way to receive cash returns without collateral. However, no matter who the buyer is, you need to stay informed to maximise your money. Please present proof of ownership and relevant documents related to the mortgage. 

Choose Cash on Old Gold for a reliable and flexible transaction against your new and old gold assets.