Thinking of Selling Your Gold? Here’s What You Need to Know

Stephen Alan's Jewellers - The Jewellery Blog

If you’ve got old gold jewellery gathering dust at home, now might be the perfect time to turn it into cash! Gold prices are high (at time of writing), making it a great moment to sell any unwanted or broken pieces to a trusted jeweller.

But before you do, it’s good to know what to expect, how to get the best price, and what actually happens to your gold after you sell it. At Stephen Alan’s Jewellers, we want to make the process as simple and transparent as possible—so here’s everything you need to know before parting with your gold.

Why Now is a Great Time to Sell Gold!

Gold prices in the UK are high right now, which means if you’ve got old jewellery, coins, or even broken bits and pieces tucked away, now could be the perfect time to sell.

As of February 2025, 24-carat gold is trading at around £75 per gram, and prices have been climbing steadily. But why is gold so valuable right now?

🪙Economic Uncertainty – With global markets a bit shaky, people are turning to gold as a safe investment, driving up demand and prices.

🪙Inflation and Cost of Living – Rising inflation means money doesn’t go as far, so more people are investing in gold to protect their wealth.

🪙Bank of England Policies – Lower interest rates often make gold a more attractive option, pushing prices even higher.

All of this means gold is in high demand, and if you’ve got any you don’t wear or need, it’s a great time to cash in.

Pro Tip: Gold prices change daily, so if you’re thinking of selling, check the latest rates or pop into Stephen Alan’s Jewellers for a free valuation!

How to Get the Best Price for Your Gold

Not all gold buyers offer the same rates, so doing a little homework before selling is always a good idea. Here’s how to make sure you get the best deal:

🪙Know Your Gold’s Purity – Gold jewellery comes in different purities (9ct, 14ct, 18ct, 22ct). The higher the carat, the more it’s worth. If you’re not sure, we can test it for you.

🪙Separate Your Gold – If you have a mix of different carats, it helps to separate them before selling.

🪙Understand the Weight – Gold is priced per gram, so the heavier the item, the more valuable it is.

🪙Choose a Trusted Jeweller – Some buyers offer quick cash but lower rates. Selling to a reputable jeweller (like us!) means a fair, transparent price with no hidden fees.

Pro Tip: If your gold has gemstones, these may not be included in the weight valuation, but a good jeweller can advise you on their potential value.

What Happens to Your Gold After You Sell It?

Ever wondered where your gold goes once you sell it? Here’s what typically happens next:

🪙Melted Down & Recycled – Most gold is refined and melted down to be reused in new jewellery or for jewellery repairs.

🪙Restored & Resold – If your jewellery is in good condition, it may be cleaned, repaired, and resold as a vintage or second-hand piece.

🪙Repurposed for Bespoke Pieces – Some gold is used to create custom jewellery—so your old ring might one day become part of someone’s dream engagement ring! At Stephen Alan’s Jewellers, we recycle and repurpose gold responsibly, helping to keep this precious metal in circulation while offering our customers the best value.

Bonus Section - 5 Fascinating Gold Facts!

1. Gold is rarer than you think

The total amount of gold ever mined would fit into just three Olympic-sized swimming pools!

2. Gold is infinitely recyclable

Some of the gold in your jewellery may have been mined hundreds or even thousands of years ago.

3. Gold is everywhere

It’s used in spacecraft, medical equipment, and even Olympic medals—so your old jewellery could end up somewhere truly out of this world!

4. The word “carat” comes from seeds

It’s named after the carob seed, which was historically used as a unit of measurement for weighing gold and gemstones.

5. Gold can be stretched incredibly thin

A single gram of gold can be beaten into a sheet 1 square metre in size.

Ready to Sell Your Gold? Come and See Us!

If you’re thinking about selling your gold, pop into our shop at 30B High Street Leighton Buzzard for a free, no-obligation valuation. We’ll test your gold, weigh it, and offer you a fair and competitive price—no pressure, just honest advice.