Metals (ex : GOLD) - How to Sell Gold for Cash in India (Chennai, Bangalore, Hyderabad, Mumbai, etc) in Commodities - I recently sold off some Gold Jewellery in Chennai to get cash in order to pay off my personal loans.
05-10-2013 04:01 PM
How to Sell Gold for Cash in India (Chennai, Bangalore, Hyderabad, Mumbai, etc)
I recently sold off some Gold Jewellery in Chennai to get cash in order to pay off my personal loans.
Sharing some info here to those who are looking to Sell Gold Coins or Jewellery in-exchange for cash.
Well, all the popular and prime jewellery shops like Tanishq, GRT, Joy Alukkas and so on will not entertain paying cash for your jewellery. They will only be interested to exchange for new jewellery.
So, to sell your Gold coins or Jewellery, you have to find a local Gold Buyer. You can find them from JustDial like i did.
Now, to the most important question. How much will they pay for second hand Gold Jewellery or Gold Coins?
- For 916 Hallmark Jewellery, they will pay you 96% in cash on the current gold rate
- For non-916 hallmark jewellery, they will pay you max of 90% and it will vary based on the purity of the Gold
Make sure to take photocopy of your identity proof and address proof as the Gold Buyer will ask for the same.
Make sure to collect cash instantly, so that you are not cheated.
Feel free to share your experience, comments or queries in this thread.
06-20-2013 05:29 PM
I want to sell a small gold coin!
The buyer will ask for my ID and address proof
What is the use of the ID proof which I will submit?
Why do they need it?
06-24-2013 08:12 PM
Gold which is sold like these could also be stolen gold ... ID card is requested only to safeguard the jeweler from people who steal. Its probably a practice that is requested by Police
Originally Posted by ron499
11-07-2013 11:23 PM
I want to sell some gold jewels in chennai.. could u pls tell me the address of the gold buyer where you sold your jewels..
thanks in adv
11-08-2013 01:56 PM
Find below the details you requested,
Originally Posted by sgvkarthik
Sri Vardhani Jewellers
No 25/12, Near HDFC Bank, Rangan Street Srg Enclave, T Nagar, Chennai - 600017
12-16-2013 01:21 PM
I want to sell my gold jewels in Bangalore. Please guide me on same
12-16-2013 01:43 PM
Archana, call up JustDial asking for "Jewellery Gold Buyer" ... You can also checkout the below link,
Originally Posted by Archana
Jewellery Gold Buyer in Bangalore, India | Justdial
04-08-2014 03:32 PM
try to contact some brokers in share trading.. They will help you out to sell your gold for the best rates
07-03-2014 01:07 AM
Hi, i would to gather some information about the physical gold sell back price.
Am watching over live chennai gold 24 carat site
The prices in both websites differ by a few rupees.
I need to know of the sell back prices. For physical gold.
Any one can help?
Also the physical rate of sell back of coins/bar & ormental jewels of pure gold.
Any one to guide where to sell?
07-24-2014 02:25 PM
It may be possible on that you were seeing the 10 gram gold or price of gold bar.
Both are the different, Gold bar is also called a gold ingot.
If you are selling your gold at this time so you will get some money but less.
Right now gold price is Rs. 27,775 .
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