Best Places to Sell Gold in the UK

Looking to sell gold in the UK? Whether it’s old jewellery, gold coins, or scrap gold sitting in a drawer, there are several reliable options to turn it into cash. From local jewellers to online buyers and postal services, each method has its pros and cons. In this guide, we’ll walk you through the most popular ways to sell gold in the UK — and help you decide which one’s best for you. Before you start, use our free gold calculator to get a live estimate of what your gold is worth based on today’s UK gold price.

Local Jewellers

Most UK high-street jewellers will buy gold, especially if it’s hallmarked. You can take your items in for an in-person valuation and receive an offer on the spot.

• Pros: Immediate appraisal and payment. You’ll speak directly to a knowledgeable professional and may receive cash or a bank transfer instantly.
• Cons: Many jewellers offer less than the market value as they factor in resale margins and overhead costs. Prices can vary significantly between stores, so it’s worth shopping around for quotes.

Pawnshops

Pawnshops are a quick way to sell gold for cash across the UK. You can walk in without an appointment and leave with money the same day.

• Pros: Fast cash and easy transactions. Many are open extended hours, and you can sell or use your gold as collateral for a loan.
• Cons: Payouts are usually much lower than specialist gold buyers. Pawnshops focus on resale and operate with higher margins, meaning you might not get the best price.

Postal Gold Services

These UK-based services let you post your gold using a prepaid, insured envelope. Once they receive and assess your items, they’ll send you an offer.

• Pros: Very convenient, especially if you’re not near a gold buyer. Reputable services provide insured, trackable shipping and offer payments via bank transfer, cheque, or PayPal.
• Cons: You’ll need to wait a few days to receive and return the kit, plus appraisal time. Always check return policies and reviews — some companies may offer below market and charge to send your gold back if you decline.

Online Gold Buyers

Online buyers typically operate across the UK, combining the convenience of postal services with competitive pricing. Many allow you to get a preliminary quote online before sending in your gold.

• Pros: Often offer higher payouts than pawnshops or local jewellers. Lower overhead costs allow them to pay closer to the spot price. Well-reviewed companies also make the process smooth and transparent.
• Cons: As with postal services, there’s no face-to-face contact and you’ll need to trust the company’s process. Stick to trusted names with strong UK reviews and transparent return policies.

Tips for Getting the Best Price

• Get multiple quotes: Don’t settle for the first offer. Compare local buyers with online ones to see who gives the best price.
• Understand fees: Some services deduct admin or return fees. Make sure the offer is the amount you’ll actually receive.
• Read reviews: Check Trustpilot, Google, or forums for company feedback. Avoid firms with poor customer service or hidden fees.
• Know your gold: Learn the weight and carat of your item. Use our Gold Calculator to estimate its value before accepting any offer.

Use a Gold Calculator First

Before sending your gold off or visiting a shop, use our free gold calculator to get a live market estimate. It only takes a moment and gives you confidence when negotiating or comparing offers. Knowing what your gold is worth means you’re far less likely to accept a lowball price.

With a live estimate and a little preparation, you’ll be in a strong position to sell your gold for the best possible return. Good luck and happy selling!