If you are looking into how to sell gold to take advantage of the high price of this metal or simply want to get cash for expenses, you have several options. You can sell it to jewelry stores, pawnshops or companies that are specifically in the business of buying gold. Jewelry stores generally offer better prices than pawnshops, and there are many gold-buying companies that offer the same or better prices than jewelry stores.

You should keep in mind that, if you sell gold jewelry for their scrap value, you lose much of its retail value, because the scrap price depends on the value of the metal alone. It doesn’t reflect the craftsmanship or any aesthetic or antique value. But if you are selling old class rings, used garden-variety wedding bands, earrings without their mates and the like, selling for scrap value is a good option.