If you're planning to sell some used gold pieces, the big question is always how much they're worth. Gold prices tend to rise when the economy is stagnant or when there are concerns about inflation. Whether it's gold rings, gold earrings, necklaces or gold chains, selling the used gold you no longer wear is an easy way to earn some extra euros.

First, you need to know the purity level of the used gold — whether it's 10kt, 14kt, 18kt, 19.2kt or 24kt. The piece also needs to be examined for its hallmarks. If there is some wear on the gold, the value drops, and if it's simply a gold-plated piece, it's not even worth trying to sell.

The factors that influence the appraisal of a used gold piece are:

Type of item: the price will vary depending on the type of item, due to how easy (or not) it is to resell. A used gold chain is worth more than a ring, for example, as it's easier to resell.

Weight of the item: the heavier it is, the more valuable (the gram of used gold).

Condition: if the piece has no scratches or dents, you'll get more money for it.

Age: the older, the better. However, if it's to be melted down, the price is lower compared to a piece intended for resale.

Gold purity: measured in karats. The more karats a piece has, the purer and more valuable it is.

In addition to these factors, the value of your used gold varies according to the daily gold quotation, which is constantly changing. Today's gold price is different from previous days' values, and it's very likely to already be at a different value tomorrow. In the table below, you can see the daily gold quotation, and its price fluctuations over the days. The value shown is for 1kg of gold.

At Loja do Ouro and Gold Store Premium, our ambition is to provide the best service and pay the best prices possible, always matching the value to the official gold quotation (London Bullion Market Association).