Turn your forgotten gold jewellery pieces into real cash with our 101 guide to Brisbane Gold Exchange. Read on.
If you’ve ever pulled open your drawer and seen old jewellery you no longer wear, or a few coins received from relatives, you must have wondered what to do with them. In Brisbane, one of the most popular practices is to exchange forgotten gold with gold buyers in the city.
But if you’ve never sold gold and are looking for the best means to get maximum return on your treasure, here’s our all-inclusive guide to the process of gold exchange in Brisbane that explains everything you should know.
What is a gold exchange?
A gold exchange essentially means trading jewellery, coins, bullion, or scrap gold for their actual market value. Unlike pawnshops or jewellers, a gold exchange does not charge you if your chain has been broken or if a ring has gone out of fashion. Its core focus remains on the weight and purity of the metal.
In Brisbane, Cash Your Gold, strategically located on the Northside of Brisbane – Chermside, Southside of Brisbane – SunnyBank, and Browns Plains, is a trusted gold exchange spot with a rich legacy. Every customer who walks into the store gets the highest payouts compared to other gold brokers in the city, ensuring a rewarding experience every time.
How is the Gold Price Determined?
The amount offered for your gold begins with understanding the spot price of gold. The spot price is the live, international market price of gold, which fluctuates every second based on global economic conditions, investor sentiment, and supply/demand for the metal.
Here’s how it works in practice:
-
The staff at the Gold Exchange checks your items for their purity. A 24-karat item is gold at its purest (99.99% gold), while 18k or 14k items contain other metals. The metal’s purity is then used to calculate the final payout.
-
A measuring scale is used to weigh your item with precision, and the weight, whether it’s 1 oz, 1 gram, or ½ kg, is used to calculate the total price that you shall receive.
-
You are given the spot price of gold based on the live international market price, and the final worth is calculated by multiplying the value.
How Purity and Weight Are Verified
Gold exchange practitioners in Brisbane employ various secure measures to calculate the value of your gold jewellery.
-
XRF (X-ray fluorescence) machines provide quick and non-destructive reading of your gold’s purity.
-
Acid tests are occasionally performed for smaller gold jewellery items
-
Hallmarks (such as 99.99 stamped on the inside of a ring) are inspected, though they’re always supplemented with a test.
What Happens During Your Gold exchange?
-
You carry your jewellery, bullion, or coin, with your identification (valid ID) to our gold exchange store (or send it directly using a mail-in service).
-
Our gold buyers in Brisbane will test the purity and weigh your items in front of you.
-
They make a written or verbal offer based on the current market price and the purity and weight of your metal.
-
If you agree to the offer, you get your payment immediately, in cash or transferred to your bank account, as per your requirement.
Gold exchange Stores vs Jewellers vs Pawnshops
| Option | What You Get | Typical Payout | Pros | Cons |
|---|---|---|---|---|
| Gold exchange | Focuses on gold content (purity + weight, based on live spot price) | Closest to market value | Transparent testing, fair pricing, quick process | Doesn’t pay extra for design or gemstones |
| Jeweller | Looks at resale potential, design, and refining cost | Lower than the exchange | May repurpose or resell jewellery, sometimes convenient if you’re already at a jeweller | Price is usually reduced due to labor and resale margins |
| Pawnshop | Focus on loan value and risk, not true gold price | Lowest payout | Instant cash, flexible (loan or sell) | Higher margins, less transparency, and less value for gold |
Tips for First-Time Gold exchangers in Brisbane
-
Check the current spot price of your gold before you visit a store. This helps you make an informed decision.
-
Understand your karats. Check for hallmarks such as 9K, 14K, 18K, 22K, or 99.99 purity stamp, so you’re prepared.
-
Always provide your ID, as required by law. There’s no other check required at Cash Your Gold.
-
Obtain at least one other quote if you’re unsure of the offer from Gold Brokers in Brisbane.
-
Ask them how they check purity and if there’s a fee involved. At Cash Your Gold, you can get your gold evaluated for free and know your payouts.
-
Don’t make a hasty decision. A good buyer will not push you to sell.
Sell Your Gold in 3 Easy Steps @ Cash Your Gold
-
Step 1: Visit Us/ Mail Your Gold Securely
Visit any of our Chermside, Browns Plains, or Sunnybank branches with your old, broken, or unwanted gold and silver jewellery, coins, bullion, or scrap. No appointment is required.
If you are unable to visit any of our stores, you can opt for our mail-in service to send your gold. Pack your gold securely in a bubble wrap, label it to CYG (avoid writing the full business name), and send it via AusPost Express Post Platinum Satchels with signature on delivery for added security.
-
Step 2: Receive a Free Valuation
Our staff will verify the purity and weight of your items in your presence, based on live market prices. At CYG, we are happy to assist and provide you with a no-obligation evaluation of your precious metal. You will receive an honest assessment of your gold, and we will proceed further only once we receive your final confirmation.
-
Step 3: Walk Away With Cash
Satisfied with the offer? We pay you immediately, either in cash or directly into your bank. At Cash Your Gold, we want to make the cash-your-gold journey easier so you receive on-time payment with zero hassle.
Final Word
At Cash Your Gold, all transactions are done on the live market price and with a free purity test, so our customers leave with confidence knowing that they are getting the best value as compared to any other gold brokers in Brisbane.
Most people sell gold in Brisbane at a gold exchange rather than other alternatives, choosing safety, peace of mind, and a hassle-free process. It’s the easiest method of realizing the real value of your gold.
Wondering what your old gold’s actually worth? Drop by Cash Your Gold in Brisbane and get the best price – 100% secure and with the highest payouts.
📞 Call: 1300 678 175
Or, Visit
1. Chermside (North Brisbane)
- Address: Suite 5, 832 Gympie Rd, Chermside, QLD 4032
- Phone: 07 49 390 234
- Email: info@cashyourgold.net.au
- Hours: Mon–Fri: 9:00 AM – 5:30 PM; Sat: 10:00 AM – 4:00 PM
- Details: Located opposite Westfield Chermside, with parking available behind the building and easy access via Hamilton Road.
2. Sunnybank (South Brisbane)
- Address: 6/409 Mains Rd, Macgregor, QLD 4109
- Phone: 07 2142 6862
- Email: info@cashyourgold.net.au
- Hours: Mon–Fri: 9:00 AM – 5:00 PM; Sat: 10:00 AM – 4:00 PM
- Details: Conveniently located in the heart of Sunnybank, easily accessible for residents.
3. Browns Plains (South-West Brisbane)
- Address: Unit 3/3376 Mount Lindesay Hwy, Regents Park, QLD 4118
- Phone: 07 2142 6482
- Email: info@cashyourgold.net.au
- Hours: Mon–Fri: 9:00 AM – 5:00 PM; Sat: 10:00 AM – 4:00 PM
- Details: Situated along the Mount Lindesay Highway, this location serves the south-western suburbs of Brisbane.
