WHY DO PEOPLE SELL THEIR GOLD?
There are many reasons people need cash for gold.
Because of other unforeseen event occurs
As a result of losing your job
Pay university / Education fees
Investment in property / Business
Hence selling your gold, diamonds or silver could be your ticket to financial freedom.
Finally, we will offer cash for gold, even for the following items?
There is no maybe, gold is gold no matter what the situation. Therefore, has value.
It has its own inherent value which is regulated by market forces and is set twice daily so you can know exactly what your gold is worth.
Is my jewellery gold, platinum or silver?
Most jewellery items have a stamp mark and you can identify the type of metal by these stamps:
– 9 Carat gold (37.5% pure) – Usually has “375” stamped or 9ct, 9K, 9kt
– 14 Carat gold (58.5% pure) – Usually has “585” stamped or 14ct, 14k, 14kt
– 18 Carat gold (75% pure) – Usually has “750” stamped or 18ct, 18k, 18kt
– 22 Carat gold (91.6% pure) – Usually has “916” stamped or 22ct, 22k, 22kt
– 24 Carat gold (99.9% pure) – Usually has “999” stamped or 24ct, 24k, 24k
– Platinum – Usually has “950PT” stamped or Plat
– Sterling Silver – usually has “925” stamped,
– Other Silvers – “800”
– GF or GP or RG or SF means gold plated
We do NOT buy gold plated items. 9ct/Stg Sil, 9k/925 means 9 carat gold sleeve with silver inside (there are some that are copper filled).
Did You Know?
When selling your Jewellery, take note of the following:
Research your buyer: First research the company’s reputation, then certify and insure any pieces to protect against loss or theft. You can research if a company has received any complaints at the website for the Better Business Bureau.
Know the karat: Understand that gold quality varies, and that most gold jewelry is14 or 8 karat, not pure 24- karat gold
Shop around for the best price
At Hindustan Gold Company , our Jewellery Appraisers are qualified gemologists with years of experience.
If you don’t use us, you will have to find a Dealer who is keen to purchase pre-owned jewellery.
The Dealer must have integrity and skill to be able to give you an appropriate price.
Jewellery can be accessed and valued in its setting by a professional jewellery appraiser like we have at Hindustan Gold Company. There is no need to remove stones from their settings.
Beware of having your diamonds and gemstones removed from its setting, it can be damaged which will affect its overall value.
Advantages of selling gold over pledging gold
|Selling Gold with Hindustan Gold Company||Pledging Gold|
|You will get almost 97%||You will get a maximum of 70% to 80%|
|You don’t have to repay any loan, instead you get paid.||You will have to repay load to release pledged gold|
|You don’t lose anything, you get the maximum value||If you don’t repay your loan you lose 20% to 30%|
|You need not pay any interest.||Interest on pledged gold varies from 12% to 36% per month|
|You need not pay any loan, instead you encash||On an average 50% to 60 % of people are unable to repay the loan and lose the value.|
|Valuation is maximum for you gold||Valuation is always less for your gold|
|No stress, no tension.||Stress and tension over paying interest on your loan every month.|
Release Pledged Gold
It’s a common practice in India where people pledge gold jewelry to the banks, pawn shops or financiers to arrange the funds for setting up new business, fund for arranging urgent medical bills, because its a simple and fast process to get the loan on golds without much documents. It may be a good idea to pledge the gold and take a small loan against jewellery but not a wise deal to take a big loan against gold. Maximum times people fails to release their pledged gold because of hefty interest rates and bound to pay unnecessary interest rates which sometimes cross the double of gold price. Hindustan Gold Company helps the customer to release their gold loan and other jewelry from banks, pawn shops, financiers and buy back the gold at best price than anyone else.
Hindustan Gold Company will give cash to pre-close your pledged gold loan
We visit the location with customers, pay the required amount to release the pledged gold
After checking the purity of pledged gold at our office, Hindustan Gold Company buys back the gold jewellery and pay you the balance amount after deducting the amount paid for releasing gold.
We give you funds to pre-close your pledge.
We will buy the pledged jewellery at a fair price determined by fair valuation, refunding you the balance after adjusting it against the funds provided to you.