Sell Your Gold for the Best Price
Find trusted gold buyers in Manila, Makati, BGC, and across Philippines. Get instant cash with fair pricing.
Trusted Gold Buyers by Location
Find verified gold buyers near you with competitive rates and instant cash payment
Manila Gold Exchange
Divisoria Gold Buyers
Quiapo Gold Center
How to Sell Gold: Step-by-Step Guide
Follow these steps to get the best price for your gold jewelry
Prepare Your Gold
Gather all gold items you want to sell. Clean them gently and separate by karat if possible.
- Sort by purity (24K, 22K, 18K, 14K)
- Remove non-gold parts
- Clean with soft cloth
- Bring original receipts if available
Get Multiple Quotes
Visit at least 3 gold buyers to compare offers. Don't accept the first offer immediately.
- Compare rates from 3+ buyers
- Ask for price per gram
- Check current market rate
- Get written quotes
Negotiate Price
Use competing offers to negotiate better rates. Mention higher offers from other buyers.
- Show competing quotes
- Ask for best final offer
- Negotiate for 2-3% higher
- Be willing to walk away
Complete Transaction
Once satisfied with the price, complete the sale. Get receipt and count cash before leaving.
- Bring valid ID
- Get official receipt
- Count cash carefully
- Keep transaction records
Price Negotiation Tips
Expert strategies to get the highest price for your gold
Best Time to Sell
Sell when gold prices are high. Check daily rates and wait for upward trends. Avoid selling during market dips.
Visit Multiple Buyers
Get quotes from at least 3 different buyers. Prices can vary by 5-10% between buyers in the same area.
Know Your Weight
Weigh your gold beforehand using a digital scale. This prevents buyers from underweighting your items.
Understand Purity
Know the karat of your gold. 24K = 99.9% pure, 22K = 91.6%, 18K = 75%, 14K = 58.3%. Higher purity = higher price.
Calculate Fair Price
Use our calculator to estimate value. Fair offers are 90-95% of market rate. Anything below 85% is too low.
Verify Credentials
Choose licensed buyers with good reviews. Check business permits and ask for company information.
Important Warnings
Protect yourself from scams and unfair practices
Avoid Unlicensed Buyers
Only deal with registered businesses. Unlicensed buyers may offer fake cash or undervalue your gold.
Don't Accept First Offer
First offers are usually 10-15% below best price. Always get multiple quotes before deciding.
Watch for Scams
Be cautious of buyers who rush you, offer prices too good to be true, or operate from unmarked locations.
Always Get Receipt
Legitimate buyers provide official receipts. Never complete a transaction without proper documentation.
Frequently Asked Questions
Where is the best place to sell gold in Philippines?
Manila (Binondo, Divisoria), Makati (Ayala, Greenbelt), and BGC have the most competitive gold buyers. These areas have multiple buyers, allowing you to compare prices easily. Expect 90-95% of market value from reputable buyers.
How much can I get for my gold jewelry?
Fair offers range from 90-95% of current market value. For example, if 18K gold is ₱2,888 per gram and you have 10 grams, market value is ₱28,880. You should receive ₱25,992-27,436. Anything below 85% is too low.
What documents do I need to sell gold?
You need a valid government-issued ID (passport, driver's license, or national ID). Some buyers may ask for proof of ownership for high-value items. Original receipts help but are not always required.
Is it better to sell gold or pawn it?
Sell if you want maximum cash (90-95% value) and don't need the item back. Pawn if you need temporary cash and want to redeem later, but you'll pay 3-4% monthly interest. Selling gives you 15-25% more cash upfront.
How do gold buyers determine the price?
Buyers test purity (karat), weigh the item, check current market rates, and make an offer. They typically offer 90-95% of market value to cover their costs and profit margin. Higher purity gold gets better rates.
Can I negotiate the price with gold buyers?
Yes! Always negotiate. Get quotes from 3+ buyers, show competing offers, and ask for their best price. You can typically negotiate 2-5% higher. Be willing to walk away if the offer is too low.
Ready to Sell Your Gold?
Calculate your gold value and find the best buyers near you