When we wrote our Tesco Gold Exchange review (back in November), we speculated what a customer would be paid for Asian 21ct gold jewellery.
Well, it appears our suspicion was correct. We've just had confirmation from a customer who sent their 21ct wedding jewellery to Tesco's for valuation and were offered a sum based on their 18ct rates.
Based on today's prices, a customer sending 21ct gold to Tesco would be paid just 65.2% of its true value.
That's a very poor deal!
More reading:
- The scam behind the gold buying comparison websites
- OFT takes action against Cash for Gold companies
- The Cash for Gold tricks we think the OFT should be investigating
- British Gold Refinery featured on BBC1’s Rip-Off Britain program
- Why 'cash for gold' companies often fail to deliver
- Company behind CashMyGold.co.uk struck off
- Tesco Gold Exchange
