Selling Gold Jewellery? Find Out Here When You Should

No matter how many years have passed, gold is one of the most valuable minerals the world has. It is true since most of us cannot take our eyes off just by having one. However, if you have one that has been sitting insider your drawer for years, then you might consider selling your gold jewellery. That way, you can get the most out of it before it loses its value. Find out here when you should sell it.

Understand the resale price of gold jewellery
Before you look for a buy and sell gold jewellery shop online, you should know first the price of your possession. Unlike diamonds, gold needs something testing to determine its purity. The higher the karat is, the better. It means you could sell your gold jewellery for a good value.

Does seasonality affect the gold jewellery resale value?
It does since customer demands always change. You see, some months are busier than others. So, if you don’t sell your gold jewellery at the right time in Singapore, then you might be able to get the price you were looking for. Instead, the seller would only offer you the average price for the golds you have, 

What determines the value of gold?

• Supply and demand

As mentioned above, the price of gold changes according to customer demands. These changes, however, have something to do with holidays such as Valentines, Mother’s Day, etc. Those dates are when these gold jewellery are in demand. 

• Gold production

Despite the increase of gold production, this mineral is a limited resource. So, by the time the number of gold becomes decreased, its price increases to a much bigger scale.

Who are the gold jewellery buyers?

• Jewellery store
• Pawnshops
• Consignment store

Now that you have known all of these pieces of information, you are now ready to sell your gold jewellery in Singapore! So, if you are looking for a place where you can sell it, then check out Jen Jewel! They have been in the buy and sell industry of the gold jewellery for over 40 years! So, what are you waiting for? Visit their website today!

Resource:
https://www.scoop.it/topic/i-by-iamjianhu/p/4122230050/2020/12/15/when-to-sell-gold-jewellery