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Sell Your Gold for Cash in South Africa

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Table of Contents

Introduction to Gold Selling

Considering selling your gold? You’re in the right spot. At GoldTrust, we turn your gold into cash. Whether it’s jewellery that’s been gathering dust, gold coins or gold bars you’re ready to part with, we’re here to make the process straightforward and worthwhile for you. Let’s get the ball rolling and see how your gold can work for you.

Understanding Gold: Carats Explained

Gold purity is measured in carats (ct), with 24 carats representing pure gold. However, pure gold is too soft for most jewellery, so it is usually alloyed with other metals to improve its strength, durability, and color. Here’s a breakdown of common caratages and what they mean for the value and appearance of your gold:

CaratPurity (%)Gold Content (parts of 24)Alloy ContentCommon UseAppearance
24ct99.9%24/24Pure gold with minimal alloyInvestment gold, bullionRich, bright yellow
22ct91.7%22/242 parts alloy (usually copper/silver)High-quality jewelleryWarm yellow with slight hardness
18ct75%18/246 parts alloyFine jewelleryVibrant yellow with increased durability
14ct58.3%14/2410 parts alloyWidespread jewellery useMuted yellow, stronger and more durable
9ct37.5%9/2415 parts alloyBudget jewellery, more durable piecesLighter yellow, very durable

What Gold Can You Sell?

Whether it’s a Krugerrand that’s been gathering dust or a gold bracelet that’s lost its lustre, we’re interested. Our doors are open for:

The higher the carat, the purer the gold and the higher its value. However, higher carat gold is softer and more susceptible to wear and tear, making lower carat gold a practical choice for everyday jewellery. When selling gold, the caratage significantly affects its appraisal value. Understanding these distinctions helps in making informed decisions about selling gold items and appreciating their worth.

Gold Types and Their Common Alloys

Navigating through the myriad options for selling gold items can be a daunting task. The table provided here serves as a comprehensive guide to understanding the various types of gold and their respective attributes. By detailing the alloy composition, appearance, durability, and common uses of each gold type, this table aims to arm you with the knowledge needed to make informed decisions about your gold items. Whether you possess yellow gold heirlooms, white gold contemporary pieces, or unique rose gold jewelry, this guide will help you appreciate the value and characteristics of your items, ensuring you are well-prepared for the selling process.

Gold TypeAlloy CompositionAppearanceDurabilityCommon Uses
Yellow GoldGold with copper and silverRich, classic yellowModerate — more durable than pure goldTraditional jewelry, coins
White GoldGold with palladium or nickel, and silver or copperSilvery-white, often with rhodium plating for added brightnessHigh — harder and more scratch-resistant than yellow goldEngagement rings, wedding bands, modern jewelry
Rose GoldGold with a higher proportion of copperWarm, pinkish hueHigh — the copper content makes it more durable than yellow goldRomantic jewelry, unique pieces
Green GoldGold with silver, sometimes copperSoft, greenish tintModerate — similar to yellow gold but with a unique colorSpecialty jewelry, artisan pieces
Gold VermeilSterling silver coated with a thick layer of goldDepends on the gold used for plating, typically bright yellowLower — durability depends on the thickness of gold plating and the silver underneathAffordable luxury jewelry, pieces with large gold appearance

Gold Market Insights

The gold market is dynamic, with prices fluctuating due to global economic factors. Understanding these trends can influence when you decide to sell. High demand and higher prices often come during economic uncertainties. GoldTrust keeps up with these market shifts, offering you insights and the best possible timing for selling your gold. Our aim is to ensure you’re informed and can maximize your return, making the selling process not just about letting go of your gold but making a strategic financial move.

Why Sell Your Gold?

Selling gold can be a smart move for several reasons: maybe you’re looking to liquidate assets for immediate cash, or perhaps you want to declutter and simplify your life. Whatever your reasons, turning your gold into cash can offer financial flexibility, help you tackle debts, or fund your next big adventure. We’re here to ensure that your gold selling experience is as rewarding as the memories attached to your precious items.

Preparing Your Gold for Sale

Sort by TypeSeparate jewellery, coins, bars, etc.
Check PurityIdentify carat marks to determine purity
Clean GentlyUse a soft cloth to remove any dirt or tarnish
DocumentMake a list or take photos for reference and valuation
Consult GoldTrustReach out for an expert valuation and selling advice

Getting the Best Price for Your Gold

To ensure you’re getting the best price for your gold in South Africa, knowledge is key. Familiarize yourself with the current gold market trends and understand the carat weight of your items. We pride ourselves on transparency and fairness, offering you the best possible price based on market rates and the purity of your gold. Remember, selling gold isn’t just about the transaction; it’s about making an informed decision that benefits you. Our experts are here to guide you every step of the way, ensuring that you walk away feeling satisfied and valued.

Sell Gold FAQs

Where can I sell my gold for cash near me?

Selling gold for cash is straightforward with reputable gold buyers in South Africa. Look for established gold buying companies or jewellery stores offering valuation services. Ensure they have a strong reputation by checking online reviews or asking for recommendations from family and friends. For convenience and safety, choose a buyer with a secure, professional setting for transactions.

How do I sell gold jewelry for cash?

To sell gold jewelry for cash, start by having your items appraised by a professional to understand their value. This can often be done at the place of purchase. Next, research reputable gold buyers in your area who offer competitive rates. Ensure you understand the terms of sale and that the buyer is licensed to buy gold. It’s also wise to get offers from multiple buyers to ensure you’re getting the best price.

What do I need to know before selling my gold in South Africa?

Before selling gold in South Africa, familiarize yourself with the current gold market price to set realistic expectations. Gather any certificates or documentation you have for your gold items, as this can affect the price. It’s important to sell to a reputable buyer to ensure a fair and secure transaction. Remember, the price you receive will depend on the purity (carat) and weight of your gold, as well as market conditions.

Where to sell gold jewelry for the best price?

To ensure you get the best price for your gold jewelry, compare offers from multiple buyers, including pawn shops, jewelry stores, and specialized gold buying companies. Consider also looking for buyers who offer a price matching guarantee. Selling during times when gold prices are high can also help you get a better rate.

How much do you get when you sell gold jewelry?

The amount you get when selling gold jewelry depends on several factors, including the purity (carat), weight of the gold, the current market price of gold, and the buyer’s margin. Jewelry with historical or artistic value may fetch a higher price. It’s recommended to get your jewelry appraised and then seek quotes from several buyers to ensure a fair price.


Meg Steyn

Last Updated: