After the price of gold rises, many people intend to sell their gold, that is, take the gold recycling channel and turn their gold into cash. The most common gold recycling channels in life are gold shops and pawn shops, so which one is better?

Is gold recycling more cost-effective in pawn shops or gold shops?

Generally speaking, the quotation of gold shops will be higher than that of pawn shops, because gold shops can better evaluate the true value of gold, and pawn shops may treat gold as an ordinary item and recycle it at a lower price. There is no handling fee, depreciation fee and smelting fee for gold recovery. It's the same whether it's a gold shop or a pawn shop. If you sell it and others want to charge you these fees, you can try another house.

Some gold shops in the market have depreciation charges. You can ask them first, or ask the pawnshop. There are still many pawn shops in the market now, and the prices are relatively transparent, unlike the opaque prices in the past.

Gold recycling channels:

1, jewelry store

Recycling gold online is generally more reliable. You can choose the jewelry store or counter where you bought gold. Generally, counters only recycle this brand of gold ornaments. Only some gold shops and jewelry stores carry out gold recycling business, and the gold recycling price is low, and usually a handling fee is charged.

2. Pawnshop

It is more reliable to recycle gold to pawn shops. Pawnshops are the most common places for gold recycling, and the procedures and steps for gold recycling will be simplified to a certain extent, with no excessively troublesome procedures, faster recycling speed, no strict recycling restrictions on gold ornaments and lower recycling price.

3. Recycling companies

You can choose a gold recycling company or a gold and silver jewelry processing shop. When recycling gold, the recycling company will generally adjust according to the gold price of the day, and its recycling price is usually lower than 10-50 yuan of the gold price of the day. The recovery price of gold jewelry is mainly affected by its purity and weight.

When gold is recycled, if there is a formal gold jewelry invoice, you can get the money on the same day. If there is no invoice, you must verify whether it is pure gold, and you can't get the money that day.