Gold is a yellow precious metal, the chemical element of atomic number 79, used especially in jewelry and decoration and to guarantee the value of currencies.
How To Sell Gold In South Africa
Where to sell gold and diamond jewellery in South Africa
You can sell your jewellery privately via an online marketplace such as Gumtree or you can sell pieces to a jeweller or gold dealer.
There are numerous “cash for gold” dealers in most cities and towns.
To sell privately, you need to know the value of your jewellery so you can set a fair and realistic price.
This means getting the piece appraised.
Selling to a dealer eliminates this step as he or she can appraise it for you.
That said, a dealer won’t give you the highest price because he or she will sell the piece with a mark-up.
Alternatively, there are loan options that use your valuables as collateral.
This way you keep your gold or diamond jewellery once the loan is repaid.
How much gold can I take out of South Africa?
To the value of R1 million per adult and R200 000 per child under the age of 18, per calendar year out of South Africa.
Prior clearance from an authorised dealer (on official letterhead) must be produced to Customs as proof. Without such clearance, only an amount equalling R25 000 is allowed per person.
Is it legal to buy and sell gold in South Africa?
However, while gold (and platinum) accumulation plans are available in Japan, and are starting to feature in other countries as well, South Africa’s current legislation restricts the possession of and dealing in, unwrought gold to precious-metal licensees, permit holders and other authorised persons.
How much is 1kg of gold in South Africa?
| Gold Rates per Kg | Gold Price per Kilo [ZAR] in South African rand |
|---|---|
| 1 Kilo Gold Price (1 kilogram) | 901,272.44 |
| 2 Kilos Gold Price (2 kilogram) | 1,802,544.87 |
| 5 Kilos Gold Price (5 kilogram) | 4,506,362.18 |
| 10 Kilos Gold Price (10 kilogram) | 9,012,724.37 |