Examining The Process Used To Sell Gold Jewellery

The procedure of selling gold jewelry is fairly easy. The general method of selling may involve about four stages, depending on the medium used. Online gold trading will involve the four, while physical sales might involve three as explained below:

1. Auctioning

Online auctioning is quite easy. All you need to do is create an account hosted by an auctioning site. You simply need to take photos of your jewelry and post them online with a reserve price. Bidders will place their bid, and after the lapse of time you specify, you will contact the highest bidder. You are most likely to get higher bids if and when you take excellent clear photos of your jewelry, done so under proper lighting on a white background to enhance the gleam of the gold.

Online trading can also happen where you stumble upon a single buyer, either as an individual, corporate jewelers or gold dealing-firm, after you advertise the jewelry on your website, or a social media network page.

2. Contact

Contact the buyer as soon as you can before their interest fades. Naturally, many people bid on many items at one time, and there' s a high probability that the one bidding on your valuable gold could be eyeing others, but at a lower price.

Where you can meet up with the bidder, do so. If not, have an agreement beforehand of the means to mail the gold to them. You could agree to send samples, and maybe sign am e-contract affirming that the sample is a true representation of the rest of the jewelry.

3. Examination

The process should be thorough on the buyer's side, especially where they are competent persons. It will be felt, reweighed and its purity recalculated to see if it matches the figure inscribed on the piece of jewelry. The trained eye will be able to tell between fake and real gold.

4. Weighing

The gold will be weighed and measured in carats. The standard unit is the troy ounce. According to Gold Price Australia, 1 troy ounce equals 31.103 grams. Dailies can be a useful guide in helping you knows the current price of gold per gram, and to compare that standard with the jeweler's.

5. Sealing Of The Transaction

The deal is sealed when the buyer receives the right item and sends full payment, whether online by debit/credit cards or physically.

Part of the process knows a rough estimate of how much your gold is worth by weighing it yourself and keeping yourself updated to the minute on gold prices. During a worldwide economic crunch, gold's value surges so high sometimes that it causes panic among nations. When the economy stabilizes, it is almost comical how the prices drop to a near average.

Despite the fluctuations and spikes, gold will always have a ready market. A large one in-fact. The Indians adorn gold jewelry with such art, largesse and class that it is no wonder they were ranked as the third largest buyer of Australian Gold in 2010 by the Australian Foreign Affairs and Trade department.


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Gold Dealers Company has been buying gold in Australia for many decades. Their buying prices are fair and competitive. Abraham will ensure that you remain a happy customer when you come to Gold Dealers Company. Visit us at http://sellgoldsydney.com/sell-gold/ for the latest trading info.