Find the current scrap gold price in the UK
The scrap gold industry is one that has exploded in the past few years, with a seemingly never ending barrage of adverts across all sections of the media. Whether it's TV, radio, the web or in print it seems like there's absolutely no escape from the cries of scrap metal dealers offering you the very best price for your gold.
But what exactly is the best price? And how do they arrive at it simply by a quick inspection of the gold you have sent them? These are valid questions, and they are ones you have every right to ask if you have ever considered selling on your old, unwanted jewellery in a bid to raise some additional money.
The price of scrap gold depends on a number of things. Firstly the quality of the gold itself plays a huge part. The higher the carat value, the more money the gold is worth with 9ct gold approximately 35.5% pure and 24ct gold 99% pure (the other carat ratings fall between these two, and their prices are adjusted accordingly).
The next most important factor is the performance of gold on the stock exchange. While it is performing well, and is in demand from investors then that will be reflected in the price available for scrap gold. In most cases gold you sell on to these scrap stores will be combined with other gold of the same carat value before being melted down and resold.
There are a number of resources available on the internet to let you keep track of the current scrap gold price in the UK. Our current favourite is found at www.scrap-gold-buyers.co.uk, who also offer a handy calculator tool to help you find out the exact value of your gold.