Last updated: 18/08/2015 13:38:25
We are often asked how much 9ct gold is worth is worth per gram. 9ct gold is an alloy (mix) of metals, comprising of 37.5% gold and a combination of other metals, commonly copper, silver and zinc. The proportions of other metals used is dependent on the colour required. For example, 9ct red gold will contain a high proportion of copper, whereas white gold will contain little or no copper.
Gold-Traders is currently paying £
All our prices are guaranteed and we offer exceptionally fast turnaround on all packages received. If you elect to have payment made into your bank account (BACS) and you have an account with any of the main high-street banks, the funds will be available to you usually within an hour of us completing the transaction.
See a full breakdown of our scrap gold prices here.
Supermarket chain Tesco have entered the ‘cash for gold’ market with the launch of a new web site, Tesco Gold Exchange (tescogoldexchange.com).
Tesco Gold Exchange is being operated for Tesco’s by Ramsdens, an online cash for gold operation and chain of high street Pawn Brokers.
Looking at the prices being quoted on their gold calculator, it appears they are paying roughly 70% of market value for scrap gold. This is a lot higher than many TV advertising companies, but still falls way short of the rates paid by specialist gold buyers, such as Gold-Traders.
It’s interesting that when using their calculator, they highlight the poor prices offered by some of their competitors, like postgoldforcash.com (WHSmith).
It appears Tesco Gold Exchange only recognise 9, 14, 18 and 22ct carat gold when making valuations. I’m not sure what would happen if you sent them some Asian 21ct gold – at a guess, it would probably be valued at the 18ct rate.
Undoubtedly, Tesco Gold Exchange will prove profitable for Tesco. However, for the savvy customer who does their research, there are far better places to sell your gold for cash.
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Unsure of the weight or type of gold you have? No problem! Simply complete our simple online claim form and send us your scrap gold for a free, no-obligation quote.
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