Sell Old Gold for Cash: Get Today’s Best Price for Old, Used or Broken Gold
Got old gold sitting at home? Whether it’s a broken chain, a damaged ring, or a full set of jewellery you no longer wear, you can convert it into instant cash today. The old gold selling price today depends on three factors only – weight, purity, and the live market rate. There are no hidden cuts, no melting during testing, and no obligation to sell. Walk into your nearest branch with your gold and a valid ID, and you can leave with cash, UPI transfer, or a direct bank deposit, usually within 30 minutes. This guide covers everything from how to sell old gold to what counts as old gold, how the valuation works, and what documents you need.
Check today’s gold rate below or visit your nearest branch for an exact, no-obligation quote on your old gold.
How Today’s Gold Rate Affects Your Old Gold Selling Price
The old gold selling rate today moves twice a day in line with the global bullion market and the Indian Bullion and Jewellers Association (IBJA) cycle. Your final payout follows a simple formula:
Selling Price = Net Weight × Purity Factor × Today’s Live Rate − Applicable Deductions
Purity is measured at the branch using non-destructive XRF testing, so your gold is never damaged during evaluation. Deductions cover only stone weight (returned to you), soldering, and minimal wastage – making charges from your original purchase are not subtracted again. Use the live rate widget below to see the old gold selling price today for 22K, 24K and 18K gold per gram.
TODAY'S GOLD RATE
₹14,700
₹15,600
* UPDATED TODAY !!!
How to Sell Old Gold: Step-by-Step Process
If you’re wondering how to sell old gold at a dedicated buyer, here’s exactly what happens from the moment you walk in. The process to sell old gold takes 20–40 minutes for most visits:
Weighing
Each piece is weighed individually on a calibrated digital scale. The gross weight is shown on screen.
XRF Purity Testing
A non-destructive XRF (X-ray fluorescence) machine reads the precise gold content of each piece – 91.6% for 22K, 99.9% for 24K, and so on. Nothing is filed, scratched or melted.
Stone Removal
If your jewellery has stones or beads, they are removed and returned to you. Their weight is excluded from the gold weight, not bought.
Live Rate Calculation
Net gold weight × purity factor × today’s live rate. The full calculation is shown to you, line by line.
Transparent Deduction Breakdown
Soldering and wastage deductions (typically 1–3% for jewellery, zero for coins and bars) are shown explicitly. No hidden cuts.
Final Offer & Instant Payment
You receive a final figure. If you accept, payment is made immediately by cash, UPI, or direct bank transfer. There’s no obligation – you can walk out with your gold if the offer doesn’t suit you.
What Counts as "Old Gold"? Items We Buy
Almost any form of physical gold qualifies as old gold for valuation purposes. Items accepted include:
- Sell old gold jewellery – necklaces, chains, rings, bangles, earrings, mangalsutras, pendants and any traditional ornaments. To sell old gold jewellery, simply bring the pieces to your nearest branch with valid ID.
- Sell broken gold – snapped chains, single earrings, dented bangles. Damage doesn’t reduce the gold content, so when you sell broken gold, the rate is the same as for intact pieces.
- Sell scrap gold – leftover gold from previous remakes, melted scraps, gold filings. To sell scrap gold of any condition, the same per-gram rate applies based on actual purity.
- Sell used gold – ornaments worn for years that are now out of fashion or no longer fit your style. To sell used gold, no special preparation is needed.
- Inherited gold – jewellery passed down through family, with or without original purchase records.
Selling Old Gold Without a Bill or Receipt
A common worry is the missing original purchase bill – especially for jewellery that’s decades old, gifted, or inherited. The original bill is not mandatory. As long as you can complete standard KYC (PAN and Aadhaar), inherited and old gold is valued at the same rate as any other gold of the same purity. Acceptable identification:
- PAN card (mandatory for any single transaction above ₹2 lakh)
- Aadhaar card (used as address proof and identity verification)
- Original purchase bill (optional – if you have it, bring it; if not, the rate is unaffected)
All transactions are recorded in line with applicable KYC and tax regulations, so the process remains fully legal and traceable for both buyer and seller.
How Much Will You Get for Your Old Gold?
A rough payout estimate is straightforward to work out. Take your gold’s gross weight, multiply by the purity factor (0.916 for 22K, 0.999 for 24K, 0.750 for 18K), then multiply by today’s live rate per gram, and subtract a small deduction for soldering and wastage.
Worked example: Suppose you have 10 grams of 22K old gold jewellery. If today’s 22K rate is ₹6,500 per gram and the wastage deduction is 2%, your payout works out to: 10 × 0.916 × ₹6,500 × 0.98 = approximately ₹58,360. The exact figure depends on the live rate at the moment of sale and the actual condition of the jewellery.
For a precise estimate based on your specific weight and purity, use our gold price calculator – it pulls today’s live rate automatically and shows your estimated payout instantly.
Documents You’ll Need
The paperwork is minimal – no application forms, no waiting periods, no return visits. Please carry:
- PAN card – required for any single sale of ₹2 lakh and above.
- Aadhaar card or other government-issued ID – for KYC verification and address proof.
- Original purchase bill (optional) – if you have it, it speeds up record-keeping but is not mandatory.
Best Place to Sell Old Gold: What to Look For
Choosing the best place to sell old gold makes a meaningful difference to your final payout. The best place to sell old gold differs materially from a pawn shop or a local jeweller. Here’s what to check:
- XRF testing without melting – local jewellers and pawn shops often use acid tests or filing, which damages your gold and underestimates purity. XRF reads the gold content non-destructively in seconds.
- ISO 9001:2015 certification – standardised processes mean every customer receives the same transparent valuation, regardless of branch.
- Transparent deductions – every deduction is shown on the offer slip with the reason. No “round-figure” rates that hide cuts.
- Instant payment – cash, UPI or bank transfer on the spot. No “come back tomorrow” delays.
- No obligation to sell – you receive a final offer and decide. There’s no pressure or commitment.
Ready to Sell Old Gold?
Visit your nearest branch with your old gold and a valid ID for an exact, no-obligation quote at today’s live rate. Walk in any time during business hours – no appointment needed.
Frequently Asked Questions
How is the old gold price calculated?
The old gold selling price today equals weight × purity × live rate − minor deductions. Purity is read by XRF testing; the rate updates twice daily in line with the IBJA cycle; deductions cover soldering and wastage only.
Can I sell broken or damaged gold?
Yes. You can sell broken gold or damaged pieces at the same per-gram rate as intact items of the same purity. Damage doesn’t reduce gold content – only appearance.
How to sell old gold without a bill?
KYC documents (PAN and Aadhaar) are sufficient. The original bill is optional and does not affect the rate you receive.
Is selling old gold taxable?
Profits may attract capital gains tax depending on how long you’ve held the gold and your purchase cost. Short-term gains (under three years) are taxed at your income slab; long-term gains have a different rate with indexation benefits. Consult a tax professional for your situation.
How quickly will I be paid?
Once you accept the final offer, payment is instant. You can choose cash, UPI, or direct bank transfer. The entire visit typically takes 20 to 40 minutes.
What is the best place to sell old gold?
The best place to sell old gold is a buyer with XRF testing, ISO certification, transparent deductions, and instant payment – not a pawn shop or local jeweller using destructive acid tests and opaque rates.
Can I sell scrap gold or used gold?
Yes. Whether you sell scrap gold (filings, melted bits, leftovers) or sell used gold (ornaments worn for years), the same per-gram rate applies based on actual purity.
