When you’ve come to a decision to just sell gold pieces of jewellery you own which you no longer use, you can try to ask around for email address of buyers of gold jewellery so you can start inquiring.

Aside from of course, finding out first whether the buyers are legit or not, you must work on getting the most accurate appraisal of your golden pieces. This is important so you have to have an inkling of the terms used in the jewellery industry.

Most of the jewellery shops you will find whether online or traditional, buy gold so they can melt them. Since this is their primary objective in buying, they are very specific about what kind of gold is being sold to them.

Jewelers are mostly concerned about the carat or karat, which
is the measure of how pure the gold contents are in a piece of jewellery. These jewellery shops base their buying prices on the pure 24-karat gold so if you’re gold scraps only amount to about 10-karats, they won’t pay you anything because it will cost them much more to refine the gold you’re selling than the actual price they can sell it.

Most gold jewellery pieces are about 18- or 14-karats and these pieces can get fairly higher estimates from the jewellery shops. 18-karat gold has about 75% gold content while the 14-karat has about 58%. A white gold that is alloyed with another metal like the platinum can be sold at much expensive prices.

So, make sure you know your karats first before proceeding with any buying transactions with the online or traditional jewelers.