Selling your used gold can be a great way to earn extra cash and provide a necessary financial boost during times of need. It’s essential to manage the process carefully to avoid scams and ensure a fair deal. To ensure you get the best value for your used gold, start by checking its purity. Gold jewelry is typically stamped with a mark indicating its karat (e.g., 18K, 22K), with higher numbers signifying purer gold. Next, weigh your gold using a digital scale, as weight is usually measured in grams. Finally, be aware of the market price, which fluctuates daily. Check reliable sources for the current or todays gold price in the UAE to gauge the value of your gold accurately.

Be cautious of buyers who approach you outside of established businesses, such as those who offer to buy your gold at your doorstep or in informal settings. These individuals often lack proper licensing and may be more likely to scam you. Stick to selling your gold at reputable, licensed locations. Pay careful attention to how you’re paid—cash is typically the preferred method, but if you accept a cheque or bank transfer, ensure it clears before you part with your gold. Avoid buyers who propose unconventional payment methods, such as cryptocurrencies or money transfers through unverified platforms. Consider sell gold to well-established businesses, such as banks or well-known jewelry stores, which often offer buy-back programs. While they may not always offer the highest price, the security and peace of mind they provide can be worthwhile