Gold selling in five simple steps
- 01
Bring your gold and ID
Any gold jewellery, old or unused gold, with a photo ID and your PAN card for larger amounts.
- 02
Free testing and weighing
Purity is tested and the net weight measured at the counter, where you can watch.
- 03
A clear price at today’s rate
We show you the net weight, purity and rate used, so you can see how the price is worked out.
- 04
Accept or walk away
There is no obligation. Compare with another buyer if you want to.
- 05
Get paid
Cash within legal limits, or UPI straight to your bank account.
Cash for gold: what the rules say
Indian income-tax law does not allow anyone to receive ₹2 lakh or more in cash for one transaction, or from one person in a single day. So when your gold is worth ₹2 lakh or more, payment is made by UPI. Smaller amounts can be paid in cash.
For transactions above ₹2 lakh, your PAN card is also required. UPI payments usually reach your account within seconds, but banks usually limit UPI transfers to about ₹1 lakh a day. For a large amount, call us before you visit and we will explain how the full payment reaches you.
How to get more money when selling gold
- Check the hallmark so you know the expected purity
- Look up today’s 24K gold rate before you visit
- Estimate the value with our gold value calculator
- Ask for the net weight, not just the gross weight
- Compare quotes from more than one buyer
- Sell only the pieces you do not need
Selling gold for cash or taking a gold loan?
| Selling gold for cash | Taking a gold loan | |
|---|---|---|
| Money | Yours to keep | Must be repaid |
| Monthly cost | None | Interest every month |
| Your gold | Sold | Kept by the lender until you repay |
| Risk | None after the sale | Auction if payments are missed |
Already have a gold loan that is getting hard to repay? We can help close it and pay you the balance.
See gold loan closure