If you’ve got broken chains, old rings, or unwanted gold pieces sitting in a drawer, you might be wondering: where can I sell scrap gold for cash in the UK?
Good news — the market for scrap gold is thriving, and with gold prices staying strong, now could be a great time to turn that old jewelry into money. But before you rush to the nearest buyer, here’s what you need to know to get the best price and avoid common pitfalls.
What Is Scrap Gold?
Scrap gold refers to any gold item you no longer want or use — this includes:
✅ Broken or damaged jewelry (chains, bracelets, earrings)
✅ Old gold coins
✅ Dental gold
✅ Gold bars or nuggets
✅ Industrial or electronic gold components
Even if it’s damaged or worn, the gold content still has value and can be melted down and reused.
How Is Scrap Gold Valued?
When you sell scrap gold for cash in the UK, buyers calculate its value using:
1️⃣ Purity (gold karats, like 9k, 14k, 18k, 22k)
2️⃣ Weight (usually in grams)
3️⃣ Current gold price on the international market
⚠️ Important: Jewelers often include non-gold elements (like stones or clasps), so only the gold portion counts toward value.
Pro tip: Use a gold price calculator online to estimate what your items might be worth before visiting a buyer.
Where to Sell Scrap Gold for Cash in the UK
You have several options:
Local gold buyers or jewelers
Many local shops offer immediate cash payments. Look for businesses with good reviews and transparent pricing.Online gold buyers
Reputable online platforms offer free postage and fast payments. Be sure they provide insured delivery and a no-obligation quote.Pawnbrokers
You can pawn gold for a short-term loan, but if you’re looking to sell outright, a dedicated gold buyer often gives a better price.
How to Get the Best Price
✅ Weigh your gold at home: Use a kitchen scale for a rough estimate.
✅ Check daily gold rates: Prices fluctuate, so sell when rates are high.
✅ Compare multiple offers: Don’t accept the first quote — shop around!
✅ Know your karat: Higher-karat gold is worth more per gram.
✅ Choose a trusted buyer: Look for verified businesses with positive customer feedback.
Why Now Is a Good Time to Sell Scrap Gold
With global economic uncertainty, gold prices often rise as investors seek a safe haven. As of 30/05/2025, gold prices remain strong — making it an ideal moment to cash in your unwanted gold.
By selling today, you can turn unused jewelry into real cash and take advantage of current market conditions.
Ready to Sell Your Scrap Gold for Cash?
At Moonstone Gold, we offer:
✨ Free, no-obligation valuations
✨ Fast same-day payments
✨ Trusted, top-rated service in the UK
Bring in your scrap gold today or contact us online for a quote — we’re here to help you get the best possible price.