How and where to sell gold jewellery in India?

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How and where to sell gold jewellery in India?
It's highly possible that during times of emergency you need to en cash your gold. There may also be various other reasons to sell the precious metal. At the moment it may not be a good idea to sell your gold, since prices are just around Rs 26,000 to Rs 27,000 as against a price of Rs 32,000 prevailing one year back.

How to sell gold jewellery?

In case if you do want to sell gold jewellery in India, it's best to follow the below steps:

1) Get the broken jewellery first

As a first step make sure that you handle the broken jewellery first. The first ones must be the broken down pieces like earings, chains etc. The one thing that you must be cautious about is that jewellers might end-up giving an absolutely low rate for broken jewellery. You need to be careful on this front.

2) Make inquiry with a number of jewellers

Before you sell make sure that you have made inquiry with a host of jewellers. This would primarily be with regards to whether they purchase jewellery and the rates for the same. You might have to visit a number of them for the purpose.

3) Gather your bills

Make sure that you have your bills in Order. It's highly likely that without your bills nobody might want to entertain you. Some jewellers may insist on a bill, while others might not. You will have to check individual policies for the same.

4) Study gold trend

Study the gold trend in the last few days. If you find they have fallen a bit, you might want to hold onto them for a better price. It's almost impossible to predict the correct prices of gold.

5) Check the items that you may not use

Check the items that you may not use. Just dispose them if you are unlikely to use the same. They may or may not fetch you very poor rates. You might also need to check the carats and ensure that the right carat price has been offered to you. If your jewellery is hallmarked you might end-up getting a better price for the same.


Gold prices have multiplied 6 times in the last 10 years and gold is today precious indeed, particularly when it comes to cost. So be careful when you are selling. Take along an individual has some knowledge, or else you might end-up getting a raw deal.

Read more about: gold, gold jewellery
Story first published: Saturday, October 4, 2014, 8:40 [IST]
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