The problem with attending a gold party, like any of these tupperware/underwear/candle type parties is that you are going to feel obliged to participate.

The difference is that if you’re not careful, instead of wasting £30 on something you don’t want or need to show support for your friend hosting the party, you could end up losing hundreds of pounds.

As you’ve no doubt heard from all the adverts on TV, the price of gold really is quite high at the moment, in fact it has doubled over the last 4 years.

What this means is that the Gold Party valuer can offer you 50% of the actual value of your gold, and you may still think you are getting a great deal.

So before you go to a Gold Party make sure do the following.

1) Know what you are selling.
Don’t take antique jewellery, designer jewellery, or anything containing expensive stones. The gold that you sell is being bought for scrap (to be melted down). Anything that is not gold will be removed before weighing, and most gold buyers have no interest in the stones/gems. Similarly antique and designer jewellery may be worth more to a collector than the scrap metal value alone.

The gold valuer will test your jewellery for purity, but it doesn’t hurt to check for hallmarks before you go – the difference in price between 9 carat and 24 carat gold is huge.

2) Know the real value.
If you know what your gold is worth at todays prices, you are less likely to fall victim to the wow! factor when the valuer gives you a price. Separate your scrap jewellery into 9ct, 18ct, etc, piles and weigh it on the most accurate scales you have.

We update the latest gold prices twice daily in grammes, imperial ounces and troy ounces so you can work out the real value of your gold.

3) Be Fair.
There are many places that will buy your scrap gold from you for 8-10% below spot (the price we list on our site). However if you’re at a gold party held at someone’s home you may need to accept a little less to cover the cost of having the valuer in attendance, they need to cover their costs and make a profit (and let’s not forget the party hostess gets a hefty 10-12.5% commission too).

4) Tell your friends.
There can be a lot of pressure to participate at these types of parties. Avoid any social awkwardness by making sure you’re not the only one objecting if the price offered is insultingly low.
You could share this page with your friends on Facebook Share

or at the very least make a note of the latest scrap gold prices and take them with you to the party.

Related posts:

1. Scrap Gold Prices
2. How to tell what your gold is worth
3. Selling Gold – Guide to getting the best price

New scrap gold buyers are appearing every week so I’m afraid you’ll have to bear with us if this list appears less than complete.

The object of this guide is to provide an update to date list of all the scrap gold buyers around as well as the prices they offer for your gold.

Obviously some sites update their prices more often than others, and some make claims that are frankly very unlikely (to be polite). Sadly we’re not currently in a position to perform continual tests by actually sending gold ourselves, so for the time being we can only report on the claims made on their websites, starting with the prices they claim to offer. Over time we hope to add a page for each scrap gold buyer highlighting the “need to know” terms and conditions as well as any comments (good or bad) we find on other blogs, forums and discussion boards.

Scrap Gold Buyers That Publish Their Prices
(Prices per gram of 9ct gold unless otherwise stated)
Note: For your reference the published London Fix price at the time of checking was £8.56 per gram

howcashforgold.co.uk £8.20
GrantsofCornwall.com £8.31
CashForYourGold.co.uk £8.20
cash4mygold.co.uk £8.25
gotgoldgetcash.co.uk £5.20
falkosgold.co.uk £7.46
bestpriceforgold.co.uk £7.90
scrapgolduk.co.uk £8.49 (less 8% refining charge) so…£7.81
sellgoldonline.co.uk £8.10

Scrap Gold Buyers That Don’t Publish Their Prices
www.gold2pounds.com
www.goldbuyerman.com
www.Money4Gold.co.uk
www.postgoldforcash.com
www.cashforgold.co.uk
www.goldrefiners.tv
uk.cash4gold.com
www.cashmygold.co.uk
www.jewelleryscrap.co.uk
www.postgoldgetcash.co.uk
www.mygoldmine.co.uk
www.ounces2pounds.co.uk

Please be sure to read our guide to selling gold before you consider selling your gold jewellery or similar.

Looking for another way to make some money? I’d sell my phone.

Related posts:

1. How to tell what your gold is worth
2. Selling Gold – Guide to getting the best price
3. Sell My Nokia N95 8gb Mobile Phone