How is the value of Gold Determined

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How is the value of Gold Determined

If you are planning on selling your gold for cash, you will likely want to know how to determine its value. While every company that buys gold will have a different formula, they will all depend on some of the same factors. Knowing what these factors are can really help you to estimate how much you can expect to get paid when selling gold in Yonkers, NY.

Factors effecting the price for Gold

The following are some of the most significant factors that go into what you will get when you sell your gold. While some of these items you’ll need special tools (which we have) to learn, others you should already know. If you have any questions about any of these items, please don’t hesitate to stop in our shop or give us a call to speak with an experienced Yonkers gold buyer today.
• Market Value – Gold is traded on the open market just like other precious metals or even stocks. The price per ounce of gold goes up and down every day, and gold buyers like us will watch the current prices to see how much we are able to pay.
• Type of Gold – We buy gold of almost any type, so whether you have old gold coins, gold jewelry, a gold watch or even a gold bar, we’ll be happy to buy it. The specific type you have will impact how much cash you get for it. Gold bars, for example, are typically denser than a gold necklace, so you’ll get more money for it.
• Purity – The purity of the gold you have is a major factor. 24 karat gold, for example, is 100% gold so you would get paid a high amount for it. As the karat weight goes down, so does its value. No matter what the karat weight, however, it is still worth money so you can get a lot of cash for gold in Yonkers.
• Condition – While even broken or damaged gold items are still worth a lot of money, the condition of a piece of gold jewelry may impact the price.
• Amount – Of course, the amount of gold will be one of the most important factors that we consider when determining how much cash we can pay for your gold. The more of it you have, the more money you will get paid.
If you’re trying to estimate about how much cash for gold in Yonkers you can get, look online for the going market price and then estimate the other factors listed above. Of course, keep in mind that we need to make money for our business too. If you want to get an exact offer for how much you’ll get when selling gold, just stop in to DDBuyers, or give us a call and speak with one of our expert Yonkers gold buyers.

Contact Us Today

Whether you’re ready to sell your gold now, or you’re just looking to get some more information, feel free to come to our shop located at 55 West 47th St, New York, NY 10036, or call us at 646-736-7321. We’ll be happy to speak with you right away.

Where to sell gold

Where to sell gold

You are probably wondering what is the best way to sell your gold for the most cash, the second question is where to sell gold for the best price, that answer is very simple, its staring you in the face, DD Buyers offers the largest payout in the USA for all gold, silver, platinum and other jewelry such as watches and diamonds.

Where to sell gold

Where to sell gold

Over the past few years gold has soared in prices to record breaking highs. With tough economic times many people are turning to a metal that has been around for thousands of years and recognized as a currency since the dawn of time. That is GOLD and other precious metals. If you are selling any old gold jewelry that is broken, damaged or even tangled and mangled you are 100% going to make a profit.

Refer Your Friends

Earn 10% for every friend you refer to us, just bring them in, and you will get 10% what we buy.

Free Insured Shipment

All of our packages are shipped free with FedEx and are always insured for the full amount ($1,000 or higher) Ship your gold and other jewelery for FREE!!!

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Request a kit to be printed out and mailed today, just fill out the form or give us a call.

10x Higher Payment

We pay the most, period.

Testimonials

I walked into their office in the Diamond District and got a sweet pile of cash for some broken gold, thanks guys!

Chuck G

After I sent in my gold high school ring and some other miscellaneous gold chains and a broken bracelet I got a direct deposit for $849.98

Jenny M.

I walked into their office in the Diamond District and got a sweet pile of cash for some broken gold, thanks guys!

John Fredman