• The Standard Gold Buying and Sales Procedure
  • Gold Procedure for Each Country
  • Conclusion

The Standard Gold Buying and Sales Procedure

Information on the standard procedure followed for buying and selling gold in various countries. It is intended for individuals interested in understanding the process and requirements involved in selling their gold to licensed dealers.

Gold Procedure for Each Country

The procedure for gold buying that applies globally in the world of physical gold can be summarized as follows:

• The gold is brought to the buyer’s office.
• The gold is assayed and verified to determine its authenticity and purity.
• Once the gold has been verified, the buyer immediately takes possession of the gold.
• The buyer does not return the gold to the seller; possession is retained.
• Finally, the buyer pays for the gold based on the agreed-upon price.

This procedure ensures a straightforward and secure transaction for both the buyer and the seller, minimizing the risk of any potential disputes or complications.

• Australia: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Austria: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Botswana: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Brazil: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Burkina Faso: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Canada: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• China: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Côte d'Ivoire (Ivory Coast): Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Democratic Republic of Congo: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Dubai: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Ethiopia: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Germany: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Ghana: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Guinea: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• India: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Indonesia: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Kenya: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Liberia: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Mali: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Mozambique: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Namibia: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Niger: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Peru: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Russia: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Senegal: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Sierra Leone: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• South Africa: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Sudan: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Switzerland: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Tanzania: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Uganda: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• United States: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid
• Zimbabwe: Bring gold - Gold is assayed and verified by the buyer and retained by buyer - Cash or wire is paid

Note: The above procedure is applicable to the majority of gold dealers. Please note that some large companies may have different procedures.

Conclusion

The standard gold buying and sales procedure outlined above is followed by a majority of licensed gold dealers across various countries. Whether you are located in India, China, the United States, or any other country on the list, the process remains the same.

At GOLDIVANTI, we welcome customers from all around the world to bring their gold to our dealership in Uganda. We assure you a seamless experience where your gold will be carefully assayed, verified, and retained by our experienced team. Once the verification process is complete, we offer convenient options for payment, including cash or wire transfer.

If you have gold to sell, don’t hesitate to visit our dealership in Uganda. We are committed to providing fair prices and excellent service to all our customers.

Thank you for choosing GOLDIVANTI as your trusted partner in gold buying and sales!