To get the best price for your old gold, focus on a few key steps:

Know the Live Rate: The price of gold fluctuates daily. Check a reliable source like the Indian Bullion and Jewellers Association (IBJA) or a reputable financial news website to know the current market rate for your gold’s purity (22K, 18K, etc.).

Get Your Gold Evaluated: The price is based on the item’s pure gold content and weight. Use a buyer who has a modern, non-destructive testing machine (like XRF) for an accurate and transparent valuation. Avoid buyers who use acid tests, which can damage the gold.

Compare Multiple Offers: Don’t settle for the first quote. Visit at least two or three different types of buyers—a local jeweler, a dedicated “cash for gold” company, and a pawn shop. This allows you to compare their rates and any “deductions” they might apply for melting or stone weight.