What Happens When You Sell Used Gold
When selling to a shop, they pay raw gram price only — no craftsmanship fee recovery. A 20g bracelet bought with 300 EGP/gram craftsmanship loses 6,000 EGP on resale.
Selling at the Goldsmith Quarter
Pros: Instant cash. Cons: Lowest price — shops buy 50–150 EGP below market rate per gram.
- Visit 3+ shops for competing offers
- Large goldsmiths pay better than small shops
- Sell mid-week when it's less crowded
Selling Online (Luulwa)
Pros: Sell to end consumers for 20–30% more than goldsmith offers. Buyers may pay partial craftsmanship for good designs.
- Photograph in natural light with hallmark visible
- List karat, weight, condition, and include invoice photos
- Price 20–30% above goldsmith offer
Selling Tips
- Clean gold before selling — warm water and mild soap
- Keep the original invoice — increases trust and price
- Sell during price peaks — track daily prices
- Don't rush — wait for a good offer
