Selling gold in Hong Kong: purity, weighing loss, commission, ID
Selling gold looks simple, but several factors affect your final net. Sort these out before selling so you don't lose out.
1. Purity
Pure gold 999.9/999 (24K) has the highest content; 22K (916) ≈ 91.6%, 18K (750) 75%, 14K (585) 58.5%. Shops pay by purity, and gemstones or clasps on jewellery usually aren't counted as gold.
2. Weighing loss
Some shops cite "weighing loss" on old gold — deducting a weight or percentage for melting loss. Ask the exact %, and enter it under "commission / weighing loss" above.
3. Commission / fees
Some shops or banks charge a commission when you sell. Together with weighing loss, that's the gap between the quote and your net.
4. Bring your ID
For selling (especially larger amounts), shops usually require photo ID for registration — remember to bring it. Some pay by bank transfer or cap cash payouts.
5. Compare and time it
- Buy-back prices can differ by hundreds per tael on the same day — compare via today's best deals and the shops directory.
- Selling near price highs is better; see the live gold trend.
Read more (中文): Trading in old gold · Shop spread comparison · Shops directory