The price of 10 gms of 24 karat gold in India was only Rs. 4,990.00 a couple of decades ago. Today the price for the same amount of gold stands at almost Rs. 50,000.
It means that gold prices have increased by more than ten times in about 20 years!
Historically, gold prices have been on a boom. This speaks volumes about the love Indians have for the yellow metal.
With the gold price per gram in India at a peak, this is the best time to sell off gold to reap the maximum advantage.
If you are in a dilemma about selling your gold jewellery, here are a few reasons to sell off your gold.
5 Benefits of Selling Gold For Cash
You can sell your unused and unwanted gold items and get paid for them in cash. Several reasons like paying high-interest debts or credit card bills may make you want to sell a part of your gold assets.
Not only would this save you from accumulating interest charges but would also save you from a bad credit score and embarrassment. The top five reasons for selling gold for cash are:
-
Quick Extra Money
People who have been waiting for a long time to treat themselves to a vacation, or refurbish their homes, can do so with the extra money they get by selling their gold. There is no need to prolong something you have wanted to do for a long time. Simply sell off some unwanted gold jewellery and invest in something that has your heart. Selling gold for cash fills up the wallet with quick cash.
-
Practical
The gold one has may not always be in prime condition. It may be broken, dented, or way out of fashion to use. Still, one would have to take care of the security of such unusable gold items, and may even have to pay bank locker charges for its safety. It makes sense to sell such gold to pay for some expenses or to replace the old gold jewellery with new, trendy, and wearable ornaments.
-
Simple and Fast Process
Selling gold is a quick and easy process. There are various options through which one can sell gold. Online platforms, local jewellers, Pawn Shops, gold collectors, and precious metal dealers readily buy used gold. However, one needs to be careful while selecting a buyer to get a fair value on the gold. Platforms like Muthoot Gold Point are known for their authentic and fair valuation of the customer’s gold and past process. They even offer customers the facility of buying gold from the doorstep of the customer.
-
Good Prices
Selling off gold for cash when the market price for gold is higher means more profit for the seller.
The current gold price per gram in India has left behind all records. Undoubtedly, it is a great time to get an even higher profit by selling gold for cash.
-
Emergency Money
The pandemic has shown everyone the value of having a strong cash reserve. In times of emergency, one may not get enough time to apply for a loan or sell off his assets. Even if he manages to get a buyer, there are high chances that the price offered to him will be lower. Thus, it is better to sell some gold for cash to create a healthy cash balance.
Tips for selling gold
Gold sellers can follow a few tips to get the best price for their gold jewellery and coins.
- Identify the karats: Gold jewellery comes in different purity levels, known as karats. The highest quality gold comes in 24 karats. Higher karats mean a higher value for the gold. Trusted buyers like Muthoot Gold Point do a fair valuation of the customer’s gold and ensure they get the true value for their gold.
- Watch the scale: Generally, buyers round off the weight shown on the weighing scale. It can lead to losses for the customer. Muthoot Gold Point considers up to 3 decimal points per gram of gold while weighing the gold.
- Do your research: There are several platforms where one can sell gold. However, only genuine buyers pay the right price for the gold and give invoices for the sale.
Muthoot Gold Point gives instant cash for up to Rs. 10,000 and transfers higher amounts to the customer’s bank account through NEFT/IMPS/RT transfers. They also give an invoice for the transaction. So, sell off the broken, unwanted gold that is gathering dust in the cupboard and replace it with instant cash by getting the best gold price per gram in India.
Read More About Info Tech Share.
