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...

T24 Au En Bpkg 2

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 

The best place to sell Gold scrap & Jewellery ! OFFICEBGCGINALGold, Silver & Watch Buyers. Sell Gold, Scrap Gold & Gold Jewellery as well as Platinum, Palladium, Silver including Silver Jewellery & Watches eg Omega & Rolex at the best prices.  Tel  0121 448 0488. Opening Hours: Mon-Fri 9.00AM -12PM Call -in or book an appointment. Alternatively Sell Gold by Post   We pay top prices to the UK Public, often over 35% more than most jewellers pay. To date we have paid out c.£30million for Gold, Silver, Platinum, antique, vintage or modern jewellery or scrap & of course for watches, gold or non-gold! NB Gold & Silver scrap prices are often more than antique dealers / jewellers / vintage cash buyers pay for your jewellery etc. Scrap gold price is NOT bottom price! Its often more than you'd get on ebay or at an auction house, after hefty fees!!  NB we don't pay gold price for metal wires, springs, strengtheners  fillers, stones etc. We also buy Asian, foreign & unhallmarked Gold, which will require testing. The UK Hallmark is THE standard & UK Law. Our trained staff are ethical, knowledgeable & here to help you. We are a UK VAT registered company. Looking to sell your gold? read our "sell your gold guide" 

 

 

 Two Ways to Sell To Us 

Scrapgold 1/ Counter Service. (cash/cheque/transfer) - Sell Gold, Gold jewellery, Silver, Platinum / Palladium & Watches in person (9.00AM-12.00PM Monday to Friday)You can call-in or book a private  appointment. Alternatively Sell gold by post   

 2/  Postal Service. (cheque/transfer) - Sell gold, platinum, palladium silver & watches by post. Use the popular safe secure trackable Special Delivery postal service Click here to sell your Gold / Silver etc by Post  or Tel 0121 448 0488

  Q. Why sell gold jewellery, scrap gold and silver to us in Birmingham?  A. Simply to cut out the middleman ie your local jeweller / gold buyer /  vintage buyer / antique dealer who buys it from you for less than scrap price, then sells it to gold buyers like us, for up to £4 a   gram profit. If you have 100 grams of 9 carat  then you could lose up to £400 by not using us and double that for 18 carat. Deal direct with THE gold buyer. Customers sell gold to us from afar as Edinburgh, Cardiff, Leeds, &  London. Our gold prices are transparent and our Google reviews cannot be hidden or vetted. 

Sell Your Gold & Scrap Gold - Gold Buyers  

NitonwebWe 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? Types of Gold we buy include: antique, vintage and modern Gold Jewellery & Scrap Gold, Asian Gold, Foreign and Unhallmarked Gold, Gold Bars, Dental Gold, Gold Coins and Medals, all Gold Watches, rolled gold and gold filled ,  We  buy all carats of gold ie 9,10,14,15,15,18, 21,22 and 24 carat. At the Birmingham Gold Company we test and buy Asian, foreign and unhallmarked  gold and pay you according to the carat. Example £100 worth of 9 carat gold would be worth £200 if it was 18 carat.

 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.

Bgc Ssl Last   The Birmingham Gold CompanyTM

94 Vyse St Hockley, Birmingham B18 6JZ tel 0121 448 0488 

Proud to be funded privately and with the help of 

Fcsanlast   VAT REG NO 990 7386 73

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