Skip to main contentSkip to footer
  • Make an Appointment
  • Send Us a Message
  • Visit Us: Gronton
  • Visit Us: Norwich
Grader Jewelers logo
  • Bridal
    Engagement Rings
    White GoldYellow GoldRose GoldView All Styles
    Women's Wedding Bands
    Fancy BandsBaguette BandsRing Wraps & GuardsEmerald Cut BandsView All Styles
    Men's Wedding Bands
    White GoldYellow GoldView All Styles
    Loose Diamonds
    Design Your Own Jewelry
    Build Your RingMen's Band BuilderWomen's Band BuilderStart from Scratch
    The 4Cs of Diamonds
    Choosing the Right Setting
  • Diamonds
    Search Diamonds
    RoundPrincessEmeraldAsscherRadiant
    CushionOvalPearMarquiseHeart
    Loose Diamonds
    Natural DiamondsLab Grown DiamondsView All Diamonds
    Education
    The 4Cs of DiamondsCaring for Diamond JewelryDiamond Buying Guide
  • Gemstones
    Popular Gemstones
    Birthstone JewelryEmeraldSapphireRubyAmethystOpalGarnet
    Popular Jewelry
    Pearl RingsPearl BraceletsOpal RingsEmerald Necklaces
    Gemstone Education
    Learn About GemstonesCaring for Gemstone Jewelry
    Menu image
    Menu image
  • Jewelry
    Shop by Category
    BridalRingsEarringsNecklaces & PendantsBracelets
    Diamond Jewelry
    RingsEarringsNecklaces & PendantsBracelets
    Pearl Jewelry
    RingsEarringsNecklaces & PendantsBracelets
    Silver Jewelry
    RingsEarringsNecklaces & PendantsBracelets
    Custom Jewelry
    Jewelry Care
  • Services
    Cleaning & Inspection
    Custom Designs
    Gold & Diamond Buying
    Jewelry Education
    Jewelry Insurance
    Jewelry Repairs
    Pearl & Bead Restringing
    Rhodium Plating
    Ring Resizing
    Watch Battery Replacement
    The 4Cs of Diamonds
    Make an Appointment
  • About
  • Make an Appointment
  • Send Us a Message
  • Visit Us: Gronton
  • Visit Us: Norwich
Grader Jewelers logo
Log In My Cart
  • Toggle Search Menu
  • Toggle My Account Menu
    Login
    Forgot Password?

    Don’t have an account? Sign up now

  • Toggle My Wishlist
  • Toggle Shopping Cart Menu
  1. Home
  2. Education
  3. Gold Buying Guide

Gold Buying Guide

The price of gold is changing every minute, which constantly affects the retail cost of fine jewelry. Bring your unworn jewelry into Grader Jewelers, and we can give you a detailed quote based on today’s gold market.

What You Need to Know:
Whether you’re interested in buying beautiful gold jewelry or selling unwanted gold items, understanding the price of gold and how the process works can help you get the best value. Here’s everything you need to know about gold buying and selling at Grader Jewelers.

How Gold Buying Works:

  1. Bring your gold items (jewelry, coins, etc.) and a valid ID to our store.
  2. We’ll test and weigh your gold in front of you using certified equipment.
  3. Our team will calculate your payout based on purity, weight, and the live gold price.
  4. You’ll receive a no-obligation offer!
  5. Payment is made immediately–or ask our team for available payment options.

Note: Gold prices and final offers may vary. Offers depend on purity, weight, item condition, and the current market price.

The Current Price of Gold

Please refresh the page to update the live price of gold in real time.

Live Gold Price - Courtesy of kitco.com

Source: kitco.com

Frequently Asked Questions

Do I need an appointment?
Walk-ins are welcome, but appointments are available if you prefer. Contact us to schedule or make an appointment on our website.
Can I get a quote over the phone?
Sometimes we can provide a rough estimate, but final offers require in-person testing and evaluation.
What kind of ID do I need?
A valid government-issued photo ID is required for all gold transactions.
How do I get paid?
Payment is made immediately. Ask our team for available payment options.
Why Does Gold Price Change?
Gold prices fluctuate based on international markets and economic factors. We use up-to-the-minute rates so you always get a fair, accurate offer.

Security & Transparency:
All evaluations are done in your presence using certified scales and testing equipment. Your privacy and security are always our top priority.

Hours
Monday:
Closed
Tue-Wed:Tuesday - Wednesday:
9:30am - 5:30pm
Thursday:
9:30am - 7:00pm
Friday:
9:30am - 5:30pm
Saturday:
9:30am - 3:00pm
Sunday:
Closed
Store Information
  • About Us
  • Custom Jewelry
  • Store Services
  • Testimonials
  • Wishlists
Locations
Grader Jewelers - Groton
500 Long Hill Rd
Groton, CT 06340
(860) 445-8767
Store Information
Grader Jewelers - Norwich
561 W Main St.
Norwich, CT 06360
(860) 887-8667
Store Information
Education
  • Jewelry Education
  • The Four Cs of Diamonds
  • Diamond Buying Tips
  • Choosing the Ring
  • Birthstone Guide
  • Gemstone Guide
  • Precious Metals
  • Caring for Fine Jewelry
  • Diamond Cleaning
  • Gemstone Cleaning
  • Anniversary Guide
  • Gold Buying Guide
Browse Jewelry
  • Bridal
  • Fashion Rings
  • Earrings
  • Necklaces and Pendants
  • Bracelets
Follow us
  • Return Policy
  • Privacy Policy
  • Terms & Conditions
  • Accessibility Statement

© 2026 Grader Jewelers. All Rights Reserved.

Powered by: Punchmark

My Bag
Shopping cart contents
Loading

Learn how we use cookies in our Privacy Policy or manage cookie preferences.