How to Get the Best Price for Your Gold Jewelry

The gold price is record-high and forgotten jewelry at home in the drawer can provide a welcome plus on the account. But it's easy to get cheated in a multitude of willing gold buyers. It's important to compare and not sell to the first best, says Lena Carlsson, CEO of the trade organization Jewelry & Watches.

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How to Get the Best Price for Your Gold Jewelry
Photo: Staffan Löwstedt / SvD / TT

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The past few months, the gold price has steadily risen because it is considered a safe investment when the global economy is uncertain. The recent price increases are attributed, among other things, to concerns about what US President Donald Trump's threats of trade tariffs will mean for the global economy.

In the midst of this market uncertainty, there is a great opportunity for those with unused gold jewelry at home to sell at an unusually high price. On February 18, for example, the company Guldcentralen paid 643 kronor per gram of 18-karat gold, which is a common carat value in jewelry.

According to Lena Carlsson at Smycken & Klockor, there are several pitfalls to avoid as a seller.

There are different carat values for gold, which gives different values and prices for the item.

It may also be a valuable pearl or stone in the old jewelry, which should give a higher payment.

One should also make sure not to just hear "no, we're throwing it away because it's worthless", says Lena Carlsson.

She thinks that those who want to sell their gold should compare prices among different buyers. Otherwise, very few will get as much as they are entitled to for their gold.

Her tip is to simply take the gold and physically go to several different buyers.

Absolutely. One should take care of one's gold.

Gold jewelry sold to be melted down is called scrap gold. The price varies depending on the carat value. The prices are from February 18 from the company Guldcentralen.

24 karat: 928 kronor per gram

23 karat: 773 kronor per gram

22 karat: 739 kronor per gram

21 karat: 706 kronor per gram

20 karat: 672 kronor per gram

18 karat: 643 kronor per gram

14 karat: 441 kronor per gram

9 karat: 265 kronor per gram

8 karat: 235 kronor per gram

Dental gold scrap, price per gram of gold content: 807 kronor per gram

Source: Guldcentralen

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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