Your old jewelry stash can now come to your aid at times of need.
Previously forgotten gold pieces can earn you serious money.
Sell your gold ring but first check out your options.
See where you can get the best deal.
There are many alternatives that you can choose from.
Besides online sites you can also explore the offline means.
Here we explore the different ways of selling gold.
Pawn/Consignment Shops These have been the preferred medium of trade in gold since the olden days.
Go to any city and you will be able to spot them.
Though you might get a lesser amount for your gold, you can be assured that you will get the money immediately.
Jewelry Dealers If you wish to sell your gold ring you can be assured of getting the market price for your gold.
They will weigh your pieces and then pay you.
But the dealer will first ascertain if he can recycle the pieces.
Before visiting such places do your homework and know the prevailing market price of the day.
Online Auctions You can visit any one of the numerous sites for your purpose.
But you have to identify the right kind of buyer.
You will get a good price here.
Gold Refiners They are definitely the best option.
You can deal with them from the comfort of your own home.
Here, you have to ship your jewelry to the refiner in a safe and secure way.
Once the refiner receives the jewelry, he will rate it and make an offer, which you can accept or refuse.
At times, some bargaining is also involved.
Once the price is agreed upon, you get the check.
Trading in old jewelry, like, selling your engagement ring can clear up space in your home and bring in some money as well.
This is a great way to earn money when the going gets tough.