Best place to sell gold jewellery?

[VincentHanna]

I saw that Gold has hit a record high: https://www.bbc.co.uk/news/business-53660052

My parents bought me a gold chain on my 21st, which I believe is only 9 carrot. I always thought it was a bit chavvy and stopped wearing it about 10 years ago and it's just been sitting in a draw....doesn't really have sentimental value either.

Might as well cash it in, where would be the best place to do so?

It's 27grams so should be worth about £500

 

[platinum87]

Bullion by post will pay £455 for it

I'd do that, but now is not the time i would sell it.

 

[VincentHanna]

I'd do that, but now is not the time i would sell it.

No?

Do you think it'll go up and up then?

 

[Efour]

If you actually are needing the money for something then sell it. The price, as you say has never been better.

If you are selling it for the sake of it then i guess you could speculate further?

Its only 400 quid either way. if it went up 10% more it would be 440.. no big deal...

 

[VincentHanna]

I don't need the money really, though I could stick it in my house deposit savings.

 

[tedaC]

without being morbid...

if you don't need the cash, once your parents pass away, you may find more sentimental value in it. Obvs up to you

 

[VincentHanna]

I probably won't as it's not like they went shopping together to get it for me.

Likely my mum got it, and she's fine with me selling it.

 

[MadMan-JaMeS]

ring around some local jewellers most will buy it if it legit.

Might get a better price than online.

 

[koooowweeee]

ring around some local jewellers most will buy it if it legit.

Might get a better price than online.

This.

They might even sell it on, rather than melt it down. So could they would give a good price.