SERVICES - Selling Gold
Buying Gold and Other Precious Metals
At 18Karat you will find a transparent and pressure free environment - safe from corny "Sell your Gold!!" pitches.
18Karat purchases gold, platinum, and silver (in the case of silver, we require a minimum of of 100 grams of total weight as the price per gram for silver is quite low in comparison to gold) based on a dollar per gram system, often referred to as scrap gold purchasing. This dollar amount is calculated based on both the current precious metal value and the cost associated with refinining.Current gold prices are based on pure gold per ounce whereas the majority of jewellery is in fact an alloy ranging from 75% pure gold in the case of 18k to 42% pure gold in the case of 10k gold. To create new jewellery from old gold, the metal must be refined - all alloys removed and the pure gold is then re-alloyed as required by the karat of gold it is to become. The labour and cost of service to extract the pure gold effects the gold buying price - it would be incorrect to expect the total current gold rate for gold jewellery being sold.
How to Sell your Gold
Whether a single peice or many (including broken pieces and gold-fillings) we will test each piece in order to determine the items karat and then apply our per gram calculation - there is no obligation to sell and we are happy to allow you to take your time in deciding (we do reserve the right to recalculate our offer if there has been a significant change in current gold prices since our initial assessment).If you are interested in selling your gold, we recommend setting up an appointment to ensure we have the time to meet with you and to test your jewellery. Contact us if you have any questions or if you would like to set up an appointment - click here for our contact page.
Jewellery carries with it a sense of attachment and sentiment like no other.
If you are interested in re-using your actual gold, 18Karat can melt and forge simple bands and bangles but discourage the use of remelted gold for any complicated jewellery items. Old gold can also be melted and used in our Wedding Band Workshop.