Find the best price paid for your 18ct scrap gold in 2011

It's the 21st-century equivalent of the gold rush. With other forms of investment fluctuating in volatile markets, gold has returned to its traditional status as a safe haven for equity. Buyers are keen to snap it up in any form, which explains all those enticing TV ads asking you to sell your unwanted jewellery. Before you seal your rings into the envelope though, it makes sense to know about the best price paid for 18ct gold in 2011.

Scrap value is the figure we are talking about here. The intrinsic value of a piece of designer jewellery is a separate matter entirely. What most of the online dealers and gold traders are interested in is the weight of the gold, as your jewellery will be melted down for its gold content.

Sites like www.scrapgold.uk and www.hattongardenmetals.com keep a regularly-updated live price for gold, and adjust what they pay for scrap accordingly. They need to follow any variations in the market very closely to maintain their profit margins. They take their up-to-the-minute figures from the London Bullion Market Association (LBMA) which records the UK value of gold.

As an example, August 2011 prices for 18 ct gold hovered around the £24 a gram mark. When this was the live price, sellers getting rid of scrap gold could expect to receive around £22.60 a gram for their gold fromwww.scrapgold.uk.

Selling gold inevitably involves a degree of speculation, waiting for the live price to reach a peak. It also involves a certain amount of shopping around, searching for the buyers who have the tightest margins between the live price and the price they pay to sellers.

If you are selling a significant amount of gold, it pays to check as many sites as possible and follow the upward trends of the gold markets in order to ensure you obtain the best price paid for 18ct gold in 2011.

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