Gold buyers are individuals or businesses that purchase gold in various forms, such as jewelry, coins, bars, or scrap gold. They typically offer cash or other forms of payment in exchange for the gold, which they may resell or melt down for refining. The market for gold buyers can be quite varied, with some offering higher prices than others based on factors like purity, weight, and current market value of gold.

Here are a few key points to know about gold buyers:

1. Types of Gold Buyers
Jewelry Stores: Many jewelry stores buy gold from individuals who are looking to sell old jewelry.
Pawn Shops: Pawn shops often buy gold items, and sometimes offer instant cash, although the price may be lower than what other buyers offer.
Gold Refineries: These companies specialize in refining gold and will buy gold in larger quantities, offering the current market rate.
Online Gold Buyers: Some companies allow you to sell gold online, where you send your items, and they offer an appraisal before sending payment.
Private Buyers: These are individuals or groups who might buy gold for personal collection or investment purposes.