Gold jewelry is one of the most precious valuables, with a price that never fluctuates in a great deal. While it serves to please your eyes or add value to your home, you can easily turn it into cash. Over the past years, the price of gold has been rising significantly. As a result, more companies and individuals are joining the trade network in order to benefit from the huge profits.

It has reached a point that scam or con artists have also joined the trade. It is hectic to differentiate a genuine trader and one who will just decamp with your gold and give little or no money back. There have been some cases in which innocent gold jewelry owners cry foul of people they trusted would make hot deals. Here are a few tips for how to sell gold and make sure you don't fall trap to these scams, as well as how to deal with the right and genuine gold dealers:

Know Your Gold's Worth

This is the trickiest part, of which gold scams take advantage. Most of the unwanted gold jewelry owners and traders don't know the worth of the gold content in their jewelry. This explains why you would find traders giving different price offers for the same jewelry. While others offer reasonable prices, some have ridiculous offers. Before selling your gold, have its weight measured and its karat determined. Then search on the internet for the best price of your jewelry. You can then negotiate with traders who are willing to offer the ascertained range.

Work with a Reputable Dealer

This might be the hardest part, but with the help of the internet, you can easily determine which company or gold store has had a rough experience with its customers. Go for the company that customers wish they would go back to and trade with again. For the best returns of your gold, avoid pawn shops as much as possible. Although pawn shops promise to give the best price in the market, they pay the least amount when compared to real gold stores. You can check the reputation of a store you want to work with at the Better Business Bureau (BBB).

Don't Shy from Negotiating

Now that you know the real worth of your unwanted jewelry, you can authoritatively look for a company offering that price range. In case you encounter a store or company offering a price lower than your expectations, don't just walk away. They might be giving that price, assuming that you are among those clients who just sell their gold without knowing its worth and would take any amount just for the sake of getting rid of the gold. State your price and engage them in a haggling moment. A reputable dealer will tone down to your demands, as long as they are realistic.

Weigh Different Karats Separately

One more tip: As your dealer is weighing your jewelry, ensure that they do not weigh gold of different karats together. Each karat has its price, and hence, they should be weighed separately.

Dealers may take advantage of your lack of knowledge on trading gold jewelry so that they can cheat you out of more money. With a little knowledge of the karats, prices, reputable stores and some negotiation skills, you can make the best deal out of the sale of your unwanted jewelry.