Looking to get cash for gold in Melbourne at the highest price? Gold Buyers Melbourne is here to help. We specialise in buying a wide range of gold items such as, gold coins, precious metals, and a wide range of gold items.
As top Melbourne gold buyers, we always offer you the best rates for gold and silver at our office. But you may be wondering – how do gold buyers determine what they pay for scrap gold or silver? In this article, we’ll take a look at how the price of your gold items, and how much we’ll pay. Read on, and learn everything you need to know about gold prices.
When you sell gold or any other precious metal, the price and value of your gold or precious metal is determined by the live prices of the metal. The market value of gold and silver bullion, for example, is always changing – and can fluctuate up and down based on demand. The price of gold, silver, or any other precious metal is called the “spot price.”
When you visit our Melbourne location, we’ll use the current spot price for precious metals to determine how much your gold items are worth. If the current spot price for gold is 2,000 AUD per ounce, for example, we’ll use the current spot price to determine the value of your gold, and how much we’ll pay.
As you may know, many pieces of gold jewellery, gold coins, and other gold decorative items are not made completely out of gold. They may be gold-plated, or consist partially of other metals.
Even “pure” gold jewellery is not always made out of only gold, because of how soft gold is. 24 karat gold is pure, but most jewellery is made of 18 karat gold – which means it consists of 18 parts gold, and 6 parts of another metal.
Beyond the spot price of gold, the value of your gold depends on the type of gold and its purity. A single piece of 18 karat jewellery is worth much more than gold-plated jewellery, for example. When you visit our office, we’ll assess each of your gold items, and give you a value for each one – based on the purity, type of gold, and the spot price.
At Gold Buyers Melbourne, we always buy your gold at the highest prices, with no commitment to sell. If you like our offer, you can sell us your gold in Melbourne – and if not, you’re free to walk away! To learn more, get started, and get an offer for your gold, visit us today. Our office is located at Level 14, Off 1411, 227 Collins Street, Melbourne, VIC 3000.
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