How to sell your scrap gold for the best price.

The gold rush is on to buy and sell scrap gold and gold jewelry. From shopping precincts and TV commercials to a dining room in your road.

With gold market prices approaching $1,200 per ounce, pawn brokers, jewelers and precious metals refiners are all promising "cash for gold" and begging us to sell gold jewelry how do you know where you can get the best price for your scrap gold?

Here are some 'golden rules' you should remember when you sell your scrap gold.
Licensed precious metals refiner Steve Francis told us it pays to be a smart seller, "You're taking this gold to them, asking, 'Here's a pile of money. Count it up for me.'"
The main rule in getting the best price of scrap gold or old jewelry, is to determine the type of gold that it contains and how much it weighs.

Gold is graded according to its purity. Pure gold is 24-karat and is usually found in coins like full sovereigns, half sovereigns or in gold bars aka bullion. The market price is based on 24-karat gold.

Find out more about getting the best price when Selling Scrap Gold, gold jewelry, and gold coins here.
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