Sell Gold Jewelry
Written by admin on October 31st, 2010When you are ready to sell your gold or unwanted jewelry, don’t drop them off in a mailbox to someOut of state online gold buyer. There are a lot of complaints on some of the major gold buyers you see doing a lot of advertising on the television and the internet. What the commercials don’t tell you is exactly what they will pay for your gold. So do some research before choosing where to sell your gold. Here is some basic information. The price of gold is based on a troy ounce, 24-karat being pure gold. A troy ounce has 31.1 grams. Some gold buyers use pennyweights which is 20 per ounce. A good place to check gold prices in on Kitco.com, .they give current gold prices. To see how much gold is worth you need to know how much pure gold you have. 24k is pure, 18k is 75%, 14k is 58.3% and 10K is 41.7% gold. Most gold with have a stamp of its purity, but that’s not always true. Whomever offers to buy your gold will do a series of tests to determine the purity of the gold. The jeweler will then check the spot price of gold that day and make you an offer. The jeweler will then usually sell to a refinery where he will pay 10 to 20% to refine it. A series of U.S. economic reports will help drive gold’s direction next week and could be a factor to whether gold tries to take out the nominal all-time highs or pulls back to test recent support. Either way gold is priced very high and if you are considering sell gold now would be a good time. Gold was up this month $48.80 or 4.07% and a one year change of $250.30 or 25.12% please visit or site at http://www.riversidejewelrybuyer.com or call 951-260-0033 to check gold prices for the day.
