Is Now a Good Time To Sell Your Gold Jewelry for Cash?

Selling your neglected luxury goods is a great way to make some extra money from items you’re no longer getting daily use from. With so much uncertainty in today’s world, being proactive and ensuring you have more cash than you need is always a good idea.

Whether you’re seeking extra spending money for a vacation or you want some cash stored away with the economy in flux, many Orange, CA residents are now looking to sell gold jewelry for cash. But, how do you know whether now’s the right time to sell?

Selling vs. Pawning Gold Jewelry

The best jewelry and loan stores in your area will offer both gold buying and collateral loan options. If you’re unsure whether now is the best time to sell your valuables but need the cash urgently, using your gold jewelry as collateral for a loan can be a win-win.

If you have an emotional attachment to the piece or simply don’t think it’s the right time to let it go permanently, find a cash jewelry & loan store that offers transparent and fair collateral loan terms. If you don’t want to take on any debt or if you want to declutter the item from your home, selling for cash will be your best option. 

Regardless of which option you choose, however, you’ll want to have an idea of the value of your gold jewelry to ensure you receive a fair price. This starts with knowing the price of gold and what the market looks like. It’s always best to sell at a high point, if possible, to get the best value.

Gold Prices Right Now

As of June 2022, gold prices are hovering at approximately $1,800 per ounce. The price of gold has increased steadily over the past 20 years, up from $430 per ounce in April 2001. 

However, the World Bank predicts that the price of gold will steadily decrease over the next decade. Indeed, the current gold price is $200 per ounce less than it was this time two years ago.

Based on these estimates, the best time to sell your gold is now. The sooner you sell, the more you’re likely to get for your gold jewelry and other gold valuables. While you should never sell until you’re fully ready, if you hold onto your gold jewelry for too long, you could receive hundreds of dollars less for your valuable items.

The Gold Jewelry Selling Process

If you’re ready to sell your gold jewelry, the first step is to find a trusted gold jewelry buyer. Don’t just Google “jewelry and gold buyers near me” and pick the first result; make sure you’re choosing a buyer with a long reputation for premier customer service and satisfactory transactions. Verify third-party reviews and ask people around you for references.

Once you’ve chosen your jewelry buyer, the selling process should be straightforward and hassle-free. At Watch & Wares, we offer no-obligation appraisals on gold jewelry, either through appointment or same-day walk-ins. One of our highly trained and experienced team members will evaluate your item considering its condition, age and brand, as well as the current market price of gold.

Once we’ve assessed your piece, we’ll offer a fair market value for your item. We consistently provide some of the most competitive rates in the area, so you can trust that you’re getting the best deal possible when you choose Watch & Wares. If you accept the sale price, we’ll provide you with cash same-day for your gold jewelry.

If you’re ready to sell gold jewelry for cash and looking for a good place to sell gold, look no further than Watch & Wares. For the past 30 years, we’ve been Orange County’s premier destination for cash jewelry & loan services.

We offer a 5-star experience that prioritizes your comfort and confidence in the transaction. We’re fully transparent throughout the process, offering no-obligation estimates on all your gold jewelry and luxury goods. We have a trained gemologist on staff, and our team has decades of experience at some of the biggest names in fine jewelry.

If you’re sick of Googling “jewelry and gold buyers near me” and simply want the best and most trustworthy experience possible, give Watch & Wares a call at (714) 633-2030 or fill out our online contact form today. You can also stop by our Orange, CA location Tuesday through Saturday from 10 a.m. to 4:30 p.m. We look forward to working with you!