Below is a live chart for today's silver
price, in £ per ounce and on New York time. To the
right as a context for today's price, is the chart in Dollars since
If you have gold or silver to sell, there are several
things to bear in mind:
the price you receive per gram when selling silver or
gold is always less than you would pay to buy it. How much less depends on
things like - does it have a reliable hallmark - if not it may need to be
refined and tested for purity (assay). Charges are made for these processes.
does it have a value over and above scrap price - it
may be better to sell as a saleable item rather than as scrap. It may have
valuable stones, or antique value.
Jewellers often tell people that have something of
sentimental value can be 'remodelled' into jewellery that suits them
better. This is rarely true - it makes more sense to sell the gold (or silver
) for scrap and start afresh with gold or silver in a useable form. Jewellers
do not normally melt, assay and refine small quantities of precious metal and
then use rolling mills and drawplates to turn it into usable forms. You will
rarely get back the actual gold or silver that has sentimental value, unless
it is melted and cast into a new design. Most jewellers do not have furnaces
to do this on a small scale.
does not normally buy scrap; however, we may pay considerably more than the scrap price if
we feel the item has a resale value.