How to Sell Gold for the Highest Price in 2025

Expert guide to maximizing your gold's value in today's market

8 minute readUpdated February 2025

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Current Gold Prices Per Gram (Updated February 2025)

Carat Type £ per Gram
8ct Gold £23.05
9ct Gold £25.95
10ct Gold £28.79
14ct Gold £40.49
15ct Gold £43.25
18ct Gold £51.91
21ct Gold £60.56
22ct Gold £63.39
24ct Gold £69.21

🔹 Understanding Gold Prices & What Affects Your Gold's Value

Factors That Influence the Value of Your Gold:

  • ✅ Gold Purity (Karat Value) – 24K gold is pure gold and has the highest value
  • ✅ Gold Weight (Grams or Ounces) – The more gold you have, the more money you'll get
  • ✅ Current Market Price – Gold prices can rise or fall daily
  • ✅ Gold Buyer's Fees & Commissions – Some buyers charge hidden fees
  • ✅ Condition & Form – Scrap gold often fetches lower prices than gold coins

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🔹 Where to Sell Gold for the Best Price

Gold Buyer Type Pros Cons
Gold Dealers & Reputable Buyers Highest payouts, no hidden fees, transparent process Must ensure they are reputable
Online Gold Buyers Convenient, fast transactions Need to ship your gold; some have hidden fees
Jewellery Stores & Pawn Shops Local options, instant cash Often lowball offers, high profit margins
Gold Exchanges & Refineries Pays based on pure gold value Might take time for processing

🔹 Types of Gold You Can Sell

✅ Common Gold Items You Can Sell

  • Gold Jewellery – Rings, necklaces, bracelets, earrings
  • Scrap Gold & Dental Gold – Old fillings, gold crowns, gold scrap
  • Gold Coins & Bullion – Krugerrands, Sovereigns, Gold Bars
  • Luxury Gold Watches – Rolex, Cartier, Omega, Patek Philippe
  • Antique & Designer Gold Pieces – Tiffany & Co, Cartier, Boucheron

🔹 Frequently Asked Questions

How do I know if I'm getting a good price for my gold?

✅ Compare offers from multiple gold buyers and check live gold prices before selling.

Do I need an ID to sell gold?

✅ Yes, UK gold-selling laws require ID verification for all transactions.

Can I sell gold if it's damaged or broken?

✅ Yes! Even scrap gold and broken jewellery have value.

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