Selling or Buying Gold in London’s Hatton garden can sometimes be a little overwhelming, so here are a few easy tips to get you the best deal,
- Don’t let someone off the street approach you and suggest a shop. Strict NO! You don’t know where they lead you and if someone is standing on street approaching people, then obviously they will take a commission out of your transaction
- Check prices between (at least) two shops before you decide to sell, ask them for price per gram
- Check rates of scrap gold before hand by visiting different websites
- Check prices on the day and make sure you are getting that day’s rate as advertised
- Don’t embarrass yourself by asking for a few pounds over the rate. The difference between selling prices for an individual and a trading company is about 5p per gram. Haggling works in high street shops or at jewellers, when you are in a cash for gold shop in hatton garden, you are already getting best available prices
- Reputable shops in Hatton Garden have modern technology, like XRF gun shown below, to test your gold before buying
- A reputable shop will not insist on paying you in cash. They will happily do same-day bank transfers
- If you are in the jewellery trade, show the shop a copy of your company certificate. A visiting card is not enough
- You could use your old jewellery to buy investment gold. Ask the shop if they can sell you gold bullion in bars or coins
Remember, the transaction value may be high, but margins are very low. By following these tips, you can ensure that you get the best deal when selling or buying gold in Hatton Garden.
