Quick Tips on Market Trends, Identifying Genuine Pieces, and Understanding who to sell to
Many of us have started the new year with a fresh set of goals, and have been tackling those jobs we have been putting off for too long. Clearing out drawers, decluttering, and selling those valuables that may have been collecting dust for the last decade! One thing many of us hold onto is our jewellery. This may not have been a bad decision, with gold prices reaching all time highs in the last quarter of 2024 and maintaining high levels in 2025. With this in mind, 2025 could be a great time turn those forgotten items into extra cash. Before you do, it’s important to know about current price trends, how to spot the solid gold jewellery from costume jewellery, and the basics of UK Capital Gains Tax (CGT).
1. Gold Price Update for 2025
Globally gold continues to be a popular hedge against inflation and economic uncertainty. Central banks across the globe are still buying gold in large quantities which is supporting the current high prices. Many analysts suggest that as long as global economies remain unpredictable, the price of gold could stay strong or even climb.
2.Who will buy your unwanted jewellery?
You can sell your unwanted jewellery locally to jewellers or specialist gold jewellery buyers for a quick transaction, though prices can vary from company to company. You should always check for transparent advertised pricing per gram on for gold and gather comparisons. Online gold buyers are convenient but check reputations via review platforms and delivery/return policies first. Auction houses may fetch higher prices for rare or branded pieces, although fees can eat into profits. Finally, marketplace sites such as eBay give you full control over pricing but can be time consuming and fees can be high on some platforms. Whichever option you choose, its important to ensure the transaction you enter is safe, fair and secure.
4. Identifying Genuine Gold
Not all shiny gold-toned jewellery is pure gold, you could have gold plated jewellery which has a non-gold base metal or it may be imitation gold. To make sure you know what you’re selling follow some of the steps below for identifying real gold:
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Hallmarks: Genuine UK gold is typically stamped with a mark showing its purity (e.g., 375 for 9ct, 750 for 18ct). This may require a jewellers loupe of magnifying glass to see clearly.
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Magnet Test: Real solid gold won’t be attracted to a magnet.
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Professional Appraisal: A reputable jeweller can confirm the carat, test the metal, and provide an accurate valuation.
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5. Tips for Selling Your Gold Jewellery
Selling valuables isn’t a process you should rush, whether its a small gold ring, or heavy curb chain necklace time should be taken to ensure you receive a fair price for your items.
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Compare Quotes: Different buyers may offer different prices, so it pays to shop around. Gold buyers will work on the a percentage of the gold spot price, so the closer to the spot you can get the better.
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Check the Spot Price: Gold’s value changes daily aim to sell on a day with higher pricing.
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Consider Brand Value: Designer or antique pieces can be worth more than just their scrap gold value.
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Reputable Buyers: Look for trustworthy dealers with physical premises, good reviews and clear policies.
Conclusion
In 2025, selling your gold jewellery to raise some quick funds remains a solid option. The price of gold has continued to rise, and selling at or near the top is never a bad decisions. By understanding the current market, verifying your items, and staying aware of who to sell to, you can get a fair deal without any nasty surprises. Whether it’s a single necklace or a family heirloom, the right preparation will help you maximise your return on these shining assets.
