Gold & Silver Price Calculator

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Gold Price Validity Checker

Seen a better gold price than ours?. That takes some doing as we pay around 97% of the gold fix and sell at around 98%(No business receives more than 99% of the fix.) Reading on will help you to understand what is and isn't a genuine gold price out there

In a competitive market there are companies around who artificially inflate their offers to get an edge. In the UK Gold and Silver Buying Industries, which are unregulated at the moment, this practice is rife.

A quick trawl on the Internet reveals huge differences in the prices offered for your gold and silver BUT the wise seller can avoid the rip-off merchants by following these simple steps.

STEP 1 - CHECK THE DAILY GOLD PRICE ON THE TRADING MARKETS

The chart below is live and up to date. This is your starting point...

[Most Recent Quotes from www.kitco.com]

Note the sterling £ price is for pure or 24 carat gold and is per kilo

STEP 2 WORK OUT  THE 9 CARAT PRICE AT 100% OF THE LONDON FIX

In order to work out the Market trading price of gold per gram for 9 carat I would first divide the figure we have by 1000 ( a kilo =1000 grams) and then by 24 and finally multiply by 9

EXAMPLE

Remember the chart above is live.. On the 03/3/12 for example the price was £34,711 per kilo of pure gold

£34,711/1000 = £34.71 A GRAM  Now divide by 24 and multiply by 9= £13.01 per gram of 9 carat

Now calculate the Gold price Yourself t today's price Remember you are calculating 100% of the gold price, who could pay that? and make no profit at all?

STEP 3 TAKE-OFF THE  BUYERS MARGIN

Typically good, reputable gold-buyers buy   gold from the Public at  around 96% of the fix Any more than that they would not be in business for long. .

Now calculate the actual price you would be paid by a reputable dealer on the day by taking the price you have just calculated and multiplying it by 0.96 You are receiving 96% from us  Along with most UK Gold buyers we sell to the refiner, in bulk at 98%  We make 2%

STEP 4 THINK LOGICALLY

If you see a price way above ours then ask yourself how is that company making any money. margins are tight and any company posting a price equal to or within 3% of the fix is probably  best avoided.  There are refiners who pay the Trade this sort of amount but its bulk trading only.

 

Look around the Internet, check some of the "too good to be true prices out there and you will see some prices way above this level. Quite simply no business can survive by paying more than this £13.01 based on the kilo price in our example of £34,711

 

So what about these gold-buying companies that are posting prices above this level?

How do they make money?

Basically they fiddle you.  Just remember that you may not be getting the best deal by simply going for the highest advertised price.

Sell Your Gold Here

Sell Gold Jewellery & Scrap Birmingham & UK 

Sell Gold, Silver & watches In Person or via PostBest prices paid for Gold, Silver, Platinum & Palladium Jewellery & Scrap in Birmingham & throughout the UK . We also pay best  top prices for  Watches & Pocket-Watches Rolex, Omega & most other makes, gold or otherwise.  We also buy Asian, foreign & unhallmarked Gold, which will require testing.We pay our  top prices to the UK Public, often over 50% more than jewellers pay. Situated in Birmingham's famous jewellery quarter, we have paid out over   c.£30million for Gold, Silver, Platinum, Antique, Vintage & Modern jewellery or scrap & of course for watches, gold or non-gold! NB Scrap gold price is NOT bottom price! Its often more than you'd get from an antique dealer.or  on ebay or at an auction house, after deducting their hefty fees!!  Three points to note: We don't pay gold price for metal wires, springs, strengtheners  fillers, stones etc; the UK Hallmark is THE standard & UK Law and finally our trained staff are ethical, knowledgeable & here to help you. Get a Price For Your Gold and Silver HereNB Now paying more than scrap for certain gold jewellery items. 

 

Two Ways To Sell Gold & Silver To Us 

Buyers of Gold, scrap gold, silver, watches etc.

 1/ Our Counter Service (cash/cheque/transfer). Sell Gold, Gold Jewellery, Silver, Platinum / Palladium & Watches in person. (Open To The Public: Tues, Wed, Thurs 8.30 AM-2.30 PM)NB Open for  Industrial Processing Mon & Fri .You can call-in or book a private appointment

 2/ Our Postal Service (cheque/transfer) - Sell gold, platinum, palladium silver & watches via Royal Mail's secure & trackable Special Delivery Postal Service. Postage costs now refunded for gold Click here to sell your Gold / Silver etc by Post or tel 0121 448 0488...NB Cut out the middleman ie your local jeweller / gold buyer / antique dealer who pays less than scrap, then sells it on to gold dealers like us, for up to £4 a gram profit. If you have 100 grams of 9ct then you could lose up to £400 by not using us and double that for 18ct. Customers sell gold to us from afar as Edinburgh, Cardiff, Leeds, & London. We have transparent gold prices and unvetted/unvettable google reviews.Get a Price For Your Gold and Silver Here

Sell Antique / Vintage Gold Jewellery

Best Place to Sell Gold Jewellery BirminghamWe pay the highest prices for antique, vintage and modern gold and silver jewellery and scrap. How? We don't charge the heavy fees charged by ebay and auction houses and if your item is worth more than scrap ie undamaged and in demand then we will offer you more..For more information please read how to sell your gold jewellery for more than scrap price 

 

Sell Gold Via XRF AnalysisWe buy all Gold throughout the UK. Whether gold jewellery, scrap gold, (see below) Industrial scraps  or even unhallmarked gold, we'll buy it all. Selling or thinking of how to sell your gold?  Looking for the best place to sell Gold and Gold jewellery?  All Gold and Silver testing is done via two methods ie  the traditional "acid" test and via our Niton XRF analyser, the industry standard for the testing of gold, silver and platinum,  purity and carat. Get a Price For Your Gold and Silver Here

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