Gold often sits unused for years. Broken chains, single earrings, outdated rings, or inherited items that no longer fit your life. At some point, keeping them no longer makes sense.
Melbourne has an active gold market. Buyers operate across the city in small offices, retail shops, and private trading rooms. This gives you options but also creates confusion. Not every buyer works the same way. Prices, testing methods, and payment speed can differ more than expected.
Your goal is simple. You want to exchange gold for money without guessing its worth or rushing into a deal you later regret.
What gold buyers actually look at
Gold value is not based on appearance. Buyers focus on measurable facts. Understanding these factors helps you stay in control during the sale.
Purity
Purity is measured in carats. Common levels include 9ct, 14ct, 18ct, and 24ct. Higher purity means a higher gold content and higher value.
Example
An 18ct ring contains more gold than a 9ct ring of the same weight.
Weight
Gold is weighed in grams. Stones and non gold parts are usually removed or deducted. Accurate scales matter.
Current market price
Gold prices change daily. Buyers base offers on the current spot price minus their margin. This margin covers business costs and risk.
Condition
Condition does not matter for scrap. Broken or damaged items are valued the same as intact ones if purity and weight are equal.
How the selling process usually works
Most sell scrap gold sales follow a similar pattern. Knowing the steps removes pressure.
- Your gold is tested for purity
- Items are weighed
- The buyer calculates value based on market price
- You receive an offer
- You choose to accept or walk away
A professional buyer allows you to watch the testing and weighing. You should never feel rushed.
Common testing methods you may see
Different buyers use different tools. None of these should damage your gold beyond minor surface marks.
Acid testing
A small scratch is made and acid is applied to check reaction. This gives a quick purity estimate.
XRF scanning
This uses a machine to scan metal content without scratching. It is fast and precise.
Stamp verification
Stamps like 375, 585, or 750 indicate purity but are not trusted alone.
How to compare offers without stress
Comparing buyers is not about chasing the highest number advertised. It is about understanding the calculation.
Ask these questions calmly
What purity are you using
What price per gram are you paying
Is any weight being deducted
Write the numbers down. Even small differences add up.
Example
A difference of $5 per gram on 40 grams equals $200.
Red flags to watch for
Not every buyer operates with the same standards.
- Refusing to explain pricing
- Hiding scales from view
- Changing the offer after testing
- Pressure to sell immediately
Walking away costs nothing. A legitimate buyer expects questions.
What makes a buyer worth your time
Trust is built through behavior not promises.
A good buyer explains each step without being asked. They test items in front of you. They base offers on live market prices. They pay promptly.
Melbourne gold buyers who rely on repeat business tend to be transparent because reputation matters in a local market.
Should you sell everything at once
You do not have to. Some people prefer to separate items by purity or personal value.
Example
You may sell broken chains today and keep sentimental rings for later.
There is no rule that says all gold must be sold together.
Payment methods and timing
Most buyers offer instant payment. Cash and bank transfer are common. Ask before testing begins so there are no surprises.
Delays are rare and usually unnecessary. Once value is agreed, payment should follow.
Tax and record considerations
Small personal sales are usually straightforward. Still, keep a receipt. It shows weight, purity, and amount paid.
If you sell larger amounts or do this often, you may want records for personal tracking.
Why location matters less than transparency
Many people search for Melbourne gold buyers assuming location equals trust. In reality, process matters more than postcode.
A buyer who explains clearly and prices fairly is better than one closer to home who avoids detail.
Convenience helps. Clarity matters more.
Timing your sale without guessing
Trying to predict the perfect gold price is difficult. Daily fluctuations are normal. What matters is selling when the price meets your needs.
If you need funds now, waiting months for a small increase rarely changes outcomes in a meaningful way.
Final practical advice before you sell
Clean your items lightly. Remove obvious non gold parts if possible. Know approximate carat values before visiting. Stay calm during offers.
Selling gold is a transaction not a test. You are allowed to pause and think.
Melbourne gold buyers operate in a competitive space. That works in your favor if you stay informed.
FAQs
Can I sell broken or tangled gold items
Yes. Condition does not affect scrap value. Only purity and weight matter.
Do I need an appointment to sell gold
Some buyers accept walk ins. Others prefer appointments. Checking ahead saves time.
Is it okay to visit more than one buyer
Yes. Comparing offers is normal and responsible. A fair buyer respects that choice.