Don't get ripped off, know the price of gold

Selling your old gold and jewellery is becoming one of the fastest growing businesses in the UK at people start to feel the pinch of successive austere budgets. People have less money than ever, so if you want to start selling some old gold, let's look into the price of gold.

It's important when selling your gold that you avoid unscrupulous gold traders. Due to the general ignorance of people in relation to gold prices, countless websites have popped up offering you riches for your old gold. It's simply a scam. If you want to sell, then you need to arm yourself with information.

The most important thing you need to know is the current price of gold. This price fluctuates daily, so it's important to keep an eye on a site like this - http://www.lbma.org.uk/pages/index.cfm, which will keep you posted with the current price of gold on the market.

You should also shop around to find the best quote on your gold. Online resellers will NEVER give you 100% of the value of your gold, as they have their own overheads to take care of. However, you should be aiming for a value in the region of 90% of your gold, something which is very achievable if you look around.

24 Carat pure gold will fetch the highest prices on the market, however, you'll likely be able to sell anything from nine carat upwards.

Hopefully this blog has been helpful in your quest to sell your old gold!

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