Common Mistakes to Avoid When Pawning Gold Jewellery

Pawning gold jewellery can be a quick way to secure cash when you need it, but it’s crucial to approach the process wisely. Many people inadvertently make costly mistakes, leading to undervaluation or unfavorable terms. Here’s a guide to the most common errors to avoid when you pawn gold jewellery, ensuring you get the best possible deal.

1. Not Understanding the Value of Your Gold

One of the biggest mistakes is walking into a pawn shop without knowing the value of your jewellery. Gold is typically assessed based on its weight and purity, measured in karats. If you don’t know this …