Get the Most for your Scrap Gold

Do you have any old coins, watches, broken jewellery or other unwanted items made from gold? These can all be classed as scrap gold and could bring you a cash sum when you really need it. Selling scrap gold is becoming more popular as the recession bites and people are looking for ways to enhance their income.

The value of gold changes all the time in response to world markets, and the London Bullion Market Association publishes a current gold price twice a day. Reputable UK buyers of your scrap gold base the price they will pay on these ‘gold fixings’, adjusting them to take account of the costs of recycling what they buy.

Gold Parties

A relatively new phenomenon is the gold party, which is taking off in the UK. This is where someone holds a get-together for their friends and acquaintances to bring along their scrap gold, and an agent will hand over cash for it.

Unfortunately, because people are naïve about the value of gold, they often accept ridiculously low prices for it. Taking it in person to a local jeweller with a good reputation is much safer than selling it at one of these parties, or sending it off to an internet business.

If you do decide to sell your scrap gold for recycling, you could also be helping to save the planet. Give yourself a pat on the back for reducing the damaging effects on the environment of over-mining gold ore.

EK Jewellers is a friendly, local Essex jewellers serving customers throughout Hainault, Ilford, Redbridge, Havering, Woodford and surrounding areas as well as London. As a family run business established for over 36 years, we have developed a strong reputation for quality of workmanship. For more information visit http://www.ekjewellers.co.uk/ or call us on 020 8500 3191. We pay the best prices for scrap gold in Essex.