Gold closed this week above $5,174 an ounce. A year ago it was around $2,900. That's not a typo.
If you have old gold jewelry sitting in a drawer somewhere, the math has changed pretty dramatically in your favor. Let me show you what I mean.
What your gold is actually worth right now
A typical 14K gold chain weighing about 20 grams would have been worth roughly $690 a year ago. Today, that same chain is worth about $1,230. You didn't do anything. The metal just got more expensive.
Here are a few more examples at today's prices:
- A 5-gram 14K ring: about $154 (was $86 a year ago)
- A 10-gram 18K bracelet: about $388 (was $218)
- A single gold dental crown: $75-$150 depending on weight
These numbers change daily. Gold could be higher or lower by the time you read this. But the point is the same: prices are historically high, and most people have no idea what their stuff is actually worth.
"Should I wait for it to go higher?"
Maybe. Nobody knows. Gold could hit $6,000 or drop back to $4,000. Anybody who tells you they know for sure is selling something.
Here's what we tell people who ask: don't try to time the market with your jewelry drawer. If you're not wearing it, not using it, and it's been sitting there for years, the price is already way higher than when you last thought about it. That's a good time to find out what it's worth.
Getting an appraisal is free. You're not committed to anything by walking in.
How we figure out what to pay you
We weigh your items on a calibrated scale, test the karat (10K, 14K, 18K, 24K), and calculate based on the current spot price. You watch the whole process. There's no mystery box.
We pay based on weight and purity. A heavier, higher-karat piece is worth more. Condition doesn't matter much for gold. Broken chains, single earrings, bent rings — the gold content is the same.
Where to go
Cash 4 Gold Trading Post has 6 locations across Central New Jersey. Walk in any time Monday through Saturday. No appointment, no pressure, no obligation.
- East Brunswick: (732) 898-6565
- Middlesex: (732) 629-7600
- Millstone: (732) 444-2022
- Brick: (732) 444-2094
- New Brunswick: (732) 543-1313
- Manalapan: (732) 444-2022
Bring your gold in. We'll tell you what it's worth. If the number works for you, we pay cash on the spot. If not, you leave with your stuff. Simple as that.
Ready to Get Cash for Your Gold?
Visit any of our 6 Central NJ locations — no appointment needed. Free appraisal, instant cash payment.