Gone are the days when scrap gold prices were only important to the gold dealing community. Nowadays a huge number of people trade in gold. The average man in the street has very much woken up to the fact that gold is an important commodity. It is a great investment vehicle and is seen by many people as an essential part of their investment portfolio. As a direct result of this, more and more people are monitoring scrap gold prices.
Where to find scrap gold prices
The vast majority of people check out scrap gold prices using the Internet. They visit the websites of gold dealers to find out what the going rate is. However, not everybody realises the price each dealer pay for gold varies. They think that there is a market rate and that is what they will automatically be offered.
To some extent, this is true. Most dealers will pay the market rate. However, the differences come in the commissions and fees that they charge. For this reason if you have scrap gold to sell or want to buy gold is important that you shop around to get the best deal.
Shopping around for the best scrap gold prices
The best approach is to weigh the gold that you have to sell. If you have time take it to a High Street dealer and find out how much they will pay you for your gold. That way you get their price and you also get an accurate weight for your gold. However, no matter how good that price is do not simply hand over the gold and take the cash. Instead, go home or back to your office and check out the price on a few online gold dealer websites.
The best online gold dealers include scrap gold prices calculators on their websites. They are simple to use all you need to do is to key in the number of grams and the carat of gold you are selling. By using four or five calculators, you can find the dealer that offers you the best price for your gold and sell it to them.
Bullion By Post offer the best scrap gold prices available. They pay up to 97.5% of the global spot price.