Answering customers FAQ’s on selling gold

As a reputed gold buyers in South India, we have catered to over 5,00,000 customers in our time in the industry. Every day we get hundreds of customer queries at our branches and through other modes of communication. We do understand people have a lot to know and learn before they make their decision to sell gold.

This article offers our audience a brief insight on what are the common questions they need to be aware of and the things they need to verify before they sell gold

Where can I gold sell near me?

Whitegold offers you the convenience of selling your gold hassle-free with our over 50 branches located throughout Tamil Nadu, Karnataka, and Chennai. Our branches are strategically placed near you, making it easier for you to find a nearby location. Find our whitegold branch near you now!

How do I know how much my gold is worth?

The value of your gold is determined by its weight, purity, and current market value. You can use a gold calculator to get an estimate of how much your gold is worth based on these factors. However, keep in mind that the actual value you receive may be lower due to processing fees or if your gold has any damage or wear and tear.

What types of gold can I sell?

You can sell any type of gold, including jewelry, coins, bullion, and scrap gold. The purity of the gold will affect its value, so it’s important to know the purity of your gold before selling it.

Do I need to clean my gold before selling it?

While it’s a good idea to clean your gold to make it look more presentable, it’s not necessary. The gold buyer will test the purity of your gold using special equipment, so any dirt or grime on the surface will not affect the value.

How do I ensure I get the best price for my gold?

To ensure you get the best price for your gold, it’s important to shop around and get multiple offers. Look for a reputable gold buyer with good reviews and check their accreditation with organizations.

Can I sell gold that is damaged or broken?

Yes, you can sell gold in any condition, including broken or damaged pieces. The value of the gold may be lower, but it’s still possible to sell it for cash.

How do I get paid for my gold?

At white gold, we offer instant cash for gold to your bank account. You can confirm the payment before you leave the branch.

Is it safe to sell gold online?

Selling gold online can come with inherent risks. To ensure a hassle-free experience, it is important to work with a reputable gold-buying company. Fortunately, with White Gold’s seven easy steps to turn your gold into cash, you don’t have to worry about a thing. Our team is dedicated to providing you with secure payments and accurate valuations for your gold, giving you peace of mind throughout the entire process. Trust us to make selling your gold a stress-free and profitable endeavor.

Are there any tax implications for selling gold?

Yes, selling gold may have tax implications depending on the amount and how long you have owned the gold. It’s best to consult with a tax professional to understand any potential tax implications.

Do I need to have documentation to sell gold?

If you’re planning to sell gold, you need to carry identification proof documents for a KYC check. However, you needn’t worry about carrying any specific documentation for selling gold. Simply bring your Aadhaar card for a hassle-free transaction. In case you don’t have an Aadhaar card, you can carry one photo ID and one address proof. With these documents in place, you can sell your gold without any hassle.

How long does the selling process take?

The gold purity check and KYC take a maximum of 30 minutes if all the documents are in place. If the customer is happy with the quote given for their gold, the money transfer is made immediately.

Having multiple sources of information is always better than relying heavily on one source while making important decisions, especially the ones involving your valuables. Checking out multiple gold buyers and understanding their process and offerings, along with verifying their credibility, would help you make the decision to choose the buyer who can offer you the best value for your gold.