Sell Gold UK

Gold has always been the object of people’s affection. It is truly embedded in today’s world culture, from movies to jewellery stores you can find gold pretty much anywhere.

Gold is considered a valuable asset that is used in many areas and industries. Indeed, gold has other purposes than just for its beauty, many use it in the field of dentistry, medicine and even aerospace. This showcases how important gold remains in our current society. However, many feel reluctant to invest or sell their gold. That’s why we are going to highlight a few reasons as to why today is the best time for you to sell gold.

• Current studies and data have shown that there’s an increasing demand in the field of gold. In fact, more and more people want to invest in getting as much gold as possible. Even powerful countries such as China, India and also Russia have decided to invest in gold.
• Numbers show that China has increased their reserves of gold of around 11.3 tonnes making them the biggest consumer of gold on the planet. Of course, competition between the different nations remains tough and intense.
• The Current Situation of Covid has had a major impact on the gold market worldwide and investors are now looking to gold as a solid and safe investment in an uncertain time. This has in turn drove the prices of gold higher.

• Studies also show a future trend that gold will continue to rise with the upcoming year. Indeed, it’s not going to slow down anytime soon and this shows how stable the current global gold market truly is. The globe currently consumes over 4.350 tonnes of gold each year since the beginning of 2015.
• The overall global consumption has remained stable for the last few years.This is why the price of gold has remained quite stable except in 2019 where it had slightly increased.
• The gold market has also been perceived as a safe and somewhat secure investment as people would always want to acquire this metal. However, looking into the current state of the market, it seems like now would be the perfect time for anyone wanting to sell gold.

• Everyone is aware that the global geopolitical environment remains quite unstable. This is due to the many difference of opinions between countries as regards to economic and political issues. It’s no surprise that the decisions and actions of governments have repercussions on the global economy. Let’s take the example of Brexit.
• It has been the subject of various debates and discussions. The results of this controversial decision have influenced the value of the pound, the investment market in the UK and many other European markets. Even the EU is currently having financial difficulties with the Euro not doing as well as it should.

• However, the value of gold has not suffered from this. In fact, the value of gold especially in the UK, has been doing extremley well and even increasing.
• Over the course of the last 6 months, the price of gold in the UK has increased by around 4.7%. Of course, this is an approximation as in some periods the value of gold can fluctuate.
• This shows that the upside of this everlasting Brexit situation is that the gold market has been able to rise and thats why now is a good time to sell.

1. As we touched on before, many people perceive investing in the gold market as a safe investment move. Indeed, it has never been seen as a risky choice to invest in this type of metal as its value doesn’t drop drastically like other currencies other stocks.
2. You could say it’s less vulnerable to the instability of the market than other currencies.

• Some even feel nostalgic and it has symbolic meaning behind it, like it was for many ancient cultures such as the Egyptians. This shows the power and influence gold has on people and in our society. This makes it easier to find a buyer who will want to buy your gold. Moreover, it’s never been as easy as today to sell gold.
• Currently there’s lots of options available when it comes to finding a gold buyer you need to find a trusted buyer especially if selling your gold online.
• Check the buyers reviews on Trust Pilot & Facebook a good legitamate Company with have happy customers, with good reviews consistently.

1) Fill in our online enquiry form below with a few details regarding your gold, we need to know the weight in grms and the Karat if you don’t know the Karat you can send us a photo of the hallmark and we can identify this. You can use kitchen scales to get a rough idea of the weight. Also you can upload a few photos.

2) A member of our appraisal team will contact you with our quote within 24 hours which is based on the most up tod date gold fix price that changes daily.

3) Send your jewellery to our valuations department – If your happy with our quote you can send your jewellery to our valuations department free of charge and fully insured. As we send you a pre-paid postage label via email that covers insurance along with the instructions on postage.

4) It takes just 1 day to reach us after postage, we will test your jewellery and pay the same day you choose to accept our offer. If you don’t wish to accept our offer we return your gold free of charge and fully insured.

9 CARAT GOLD:

The unit in which the purity of the gold is measured is carat and it can be defined as 1/24th part of the pure gold by weight. 9 carat of gold is basically an alloy of metals. It contains 37.5 percent of gold along with the different proportions of different metals that include silver, zinc and copper. Other metals in the alloy are added according to the required colour. For example, a reddish colour 8 carat gold will contain a high proportion of copper while on the other hand white colour gold will contain little to no copper.

With 37.5 percent of purity, nine carat gold is considered a durable and inexpensive type of gold. Because of its durability and price, 9 carat gold is the popular choice for those who are looking for jewellery on a budget. Although it lacks purity but it is affordable and makes it up with toughness.

14 CARAT GOLD:

Next in the list is 14 carat of gold. As you already know that carat is the unit that is used to denote the purity of the gold and higher the carat, the pure will be the gold. 14 carats gold offer the best combination of durability and beauty. As compared to 9 carat, 14 carat is less likely to get dull or corrode and that is why it is a little expensive as well as compare to 9 carat gold. There is a very little difference in appearance between 18 and 14 carats of gold. However, 14 carats of gold offers a lot of appeal, aesthetic and durability.

18 CARAT GOLD:

18 carat gold is the third most purest form of the gold and yellow in 18 carats of gold is more rich and vivid as compared to 14 carats of gold. As this is one of the purest forms of gold available in the market, it is expensive and can be found in modern day jewellery. This type of gold is usually stamped with 750 but that is not the case with each and every piece of 18 carats gold.

Although, 18 carat gold is far less likely to tarnish as compared to 9 and 14 carat of gold but as a buyer you might have to compromise on the durability of the metal. Especially if you are planning to have a jewellery designed with 18 carats of gold then you have to be very careful as it can get scratches very easily.

22 CARAT GOLD:

Before moving to the purest form of the gold, let us introduce you the second most purest form of the gold. Because the purest form of the gold is of 24 carats, 22 carats simply implies that 22 parts of the jewellery amounts to the gold while the remaining two amounts to some other metals. To be very precise, out of 100 percent, 91.67 percent of the metal is gold and the other 8.33 percent comprises metals that include nickel, silver, zinc and some other alloys. Although, this is the second most purest form of the gold, but it is still not preferable for the heavily studded jewellery such as diamonds.

24 CARAT GOLD:

This is the purest form of the gold that you can possibly found on the planet earth. All the 24 parts of the metal consist of gold and there will be hardly any traces of other metals. The 99.9 percent pure form of the gold has a distinct bright yellow colour. This form of the gold is less dense which makes it soft and pliable. Therefore, it is not preferred for the regular forms of jewellery. However, you may find older currencies in the form of coins that are comprised of pure 24k gold.

HOW TO CALCULATE THE PURITY OF THE GOLD YOU ARE SELLING?

1. Calculating the purity of the gold can be a very difficult task, especially if you are very new to this sort of market. The fineness of the gold can be calculated by a simple formula that is used in West. Basically, 24 k gold is expressed as 1000 parts out of 1000. So the fineness of the 22k gold can be calculated by dividing 22 with 24 and then multiply it with 1000. This will give you the exact amount of the gold present in the metal. The rest can be calculated with the same formula. However, you are required to divide the right amount of gold with the total.
2. Colour can also help you as well to identify the purity of the gold. 24 k gold has a natural warm colour of gold. Other colours of gold can also be found as the colour can be changed by changing the composition of the alloy. Some common colours that you will see in the market include rose gold, green gold and white gold.

HOW TO CALCULATE THE PRICE?

1. The price of the gold can vary depending upon the gold rate in the market, However, it can be calculated very easily, if you managed to calculate the purity of the gold. Once you are sure about the quantity of the gold used in the jewellery, you will be able to calculate the exact amount as well.

What is Sovereign and its price?

1. Without any further due, we would like to bring your attention to Sovereign which is a gold coin in UK. It is basically a coin that has been circulating since 1817 and can be accepted any where in the world. You will also find sovereign rings these days that basically has a gold sovereign as a primary decorative feature. One thing that you are required to do is to examine whether the coin is the genuine sovereign or a replica. To calculate the price of the sovereign you are required to multiply the decimal with the current price of the gold. For example, if the price of the gold is 1200 dollars then the sovereign will worth (0.2354 x 1200) dollars. 0.2354 is basically the weight of the sovereign. The price, however, can deflect from the actual amount depending upon the rarity of the sovereign.

What is Krugerrand and its price?

1. Krugerrand is another type of gold coin and to be specific about the region it was originated from South Africa. Once ounce of gold in Krugerrand is 91.67 percent pure and we have already described in detail how you can calculate the price of the gold once you know the purity. The history of this coin goes back to 1970s as well which means that it is one of the rarest coins available and that’s why the amount of the Krugerrand can vary. This is a coin with legal tender status which means that you can trade the coin without any sort of problems.