THIS IS THE TIME: TURN YOUR UNUSED GOLD INTO CASH IN 2024

by | May 28, 2024 | Old Gold Jewellery | 0 comments

Gold exchange for cash has always been an ideal resort during a financial crisis. In 2024, economic and geo-political uncertainties have surged gold prices globally, demonstrating possibilities for further price rises. In the post-Covid-19 period and with international geo-political tensions, the exchange value of gold against cash will generate higher returns. To provide you with the best financial solutions, we at Cash on Old Gold present you with a guide to turning your unused gold into cash in 2024. 

Cash Value against Old Gold Sale in India in 2024 

The asset value of Gold in India had acquired a prominent position among Indian households. On 18th April 2024, the Economic Times confirmed that the price of 10 grams of 999 gold reached up to INR 73,477. It is expected to increase further by INR 74,000 by the second quarter of 2024. If a suitable volume of gold is exchanged for cash, good returns can be obtained. In the next 8 to 9 years, gold prices can reach up to INR 2 lakhs. Understanding gold’s peak value in India, will help you to exchange owned assets against cash. To sell old gold jewellery in Kolkata, online platforms like Cash on Old Gold can be your most suitable option. 

(Source: Economic Times, 2024) 

Tips to Identify and Prepare Your Gold for Sale in 2024 

Sorting your gold items as per carats 

The first step for preparing your unused gold for sale will be to sort the gold items as per carats. Try to identify gold carats as per 5k, 10k, 15k, 20k and 30k. This will help to understand how a difference of 5 carats can obtain you a significant cash value upon exchange. Understanding what you own will fetch a higher cash value in current times or in future. 

Identify the purity of owned gold 

Before you approach selling your gold in Kolkata, the purity of your assets needs to be first determined. A quick way to know the purity of gold can be performed by keeping a magnet near your gold item. Pure gold is non-magnetic, and if your gold item repels the magnet, purity is automatically determined. If you wish to sell gold for cash in Kolkata, the magnetic repelling tip can be beneficial. Furthermore, magnetic repelling tips will also help in differentiating between pure gold and gold plated items. This will similarly help you to cash value in return for pure gold and gold-plated jewellery. 

Keep documents of your previously purchased gold 

To ensure a stable cash value, it is necessary to keep the documents of your previously purchased gold safe. If the authenticity of your gold is questioned during the sale, showing your purchase documents will fetch you adequate cash. 

Tracking existing upcoming trends in gold prices in India 

India’s gold prices have been fluctuating since 2023, falling in demand by 3% from 2022 to 74.5 tons. The Hindu reported that within the first quarter of 2024, the resale value of gold is expected to grow by 4%. With The Rising price of gold in 2024, it can be the best time to sell old gold for cash. Tracking the fluctuating demand in 2023 and 2024 will help to get an idea about the suitable time to sell old gold jewellery in Kolkata. 

(The Hindu, 2023) 

Preserve Historical and Sentimental Items 

You might own a gold item associated with historical or cultural values. The sentimental value of the gold item can fetch significant cash value. Buyer reputation for gold merchants is considerably higher, and they are known for fetching a hefty cash value. Preserving historical and sentimental items will be of great value. 

What benefits can you receive by selling gold to us? 

At Cash on Old Gold you can, you can sell gold for cash in Kolkata. Our gold exchange system will provide you with the following benefits: 

  • No restrictions against any particular type of gold jewellery
  • Accepting damaged old gold jewellery 
  • Providing cash-in-hand facilities against old gold jewellery
  • If you wish for cashless transactions, then a bank transfer will be provided in exchange for unused gold
  • Apart from our physical shop, we can also pick up your unused gold from your own location
  • We maintain transparency by providing you with both digital and physical receipts upon gold exchange

How does your unused gold contribute to environmental benefits? 

Do you know that what you own as an unused asset can be resold for environmental benefit? Selling your unused gold can also have good environmental implications. If the unused gold that you have sold is recycled, then less gold mining can be done. This will help in the lesser use of natural gold resources. In 2024, when precautions for protecting natural resources are taken, your decision to sell unused gold can be beneficial. Your wish to sell old gold jewellery can actually help in improving ecological balance. Cash for Old Gold can be your best guide for helping you both financially and contributing to the environment. 

In Conclusion 

There are few times in life when you wish to sell your precious gold items. If the time is in 2024, then selling your unused gold can fetch you a notable financial value. It’s advisable to keep your unused gold safe and exchange it here at Cash for Old Gold for higher cash returns. 

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