The Truth About Gold Payouts

Some dealers advertise sky-high payouts but skip the fine print. We don't.

At The Gold King, we typically pay in the ninety-plus percent range of the live gold price for gold jewellery, whether it's new, old, or broken. Every item is individually assessed based on its purity, weight, and handling requirements.

Our top payout applies to items that are:

• Clean - no stones, enamel, or extra materials
• Three grams or more per piece
• Hallmarked or stamped, and testing true under XRF
• Simple to process - straightforward jewellery or bullion pieces

Not every item qualifies, and if yours doesn't, we'll show you exactly why.

Gold with stones or enamel requires extra work, some metal is always lost during refining, and small or fiddly pieces take longer with lower returns.

We don't hide behind vague claims. Every reputable gold buyer has real costs - refining, insurance, testing, and overheads. If another dealer claims to pay more with "no fees," ask them how they stay in business.

We encourage you to shop around and get quotes. Then bring your gold to us. We'll test it in front of you, explain the process clearly, and make sure you walk away confident that you've received a competitive, transparent payout.

We make selling gold fast and hassle free.

• Instant OSKO transfers are our standard payment method, with no fees.
• For cash payouts over $5,000, please contact us before visiting so we can have funds ready.
• If OSKO is not supported by your bank, we will process a same-day EFT instead.
• EFT funds usually clear by the next business day, depending on your bank.

Your payment is always processed securely and promptly, whether you're selling gold jewellery, bullion, or other valuables.

Bullion is different from scrap gold. It is already 99.9% pure or higher, verified on the spot, and carries no refining risk. Unlike jewellery or scrap, it does not need to be melted or processed - we can buy and resell it directly.

That is why bullion always receives a higher payout rate.

• No deductions for refining
• No impact from tarnish or red spots
• No premium or discount for brand names or collectability

Whether you bring in Perth Mint coins, ABC bars, or international bullion, we pay based on weight and purity alone - transparent, fair, and instant.

Old-fashioned service from owners who listen and understand your needs

• On-the-spot testing and instant quotes with same-day OSKO or cash payouts
• No pressure - you decide if and when you want to sell
• Straight answers and expert advice for every question
• Stone removal available on request when selling jewellery
• Secure, discreet, and professional at every step
• Trusted by Gold Coast locals and jewellers who know real value

We don't just buy and sell gold. We know the entire jewellery trade - from simple clasp repairs to custom ring designs. Whether it's retail, repairs, or bullion buying, everything we do is handled with care, precision, and transparency.

The Gold King is locally owned and operated, not part of any chain or franchise.

If someone claims to pay "top dollar" on every gram of scrap with no conditions, be cautious - that's not how the industry really works.

At The Gold King, we don't play games. We actually encourage you to get multiple quotes - including from us - and choose the best deal.

Our quotes are always free and pressure-free. Whether you decide to sell gold jewellery, bullion, or keep your items, you'll leave better informed and in control.

Helpful Links

• Sell Gold Jewellery
• Live Gold and Bullion Prices
• Buy and Sell Bullion
• Jewellery Loans
• Jewellery Repairs & Remodelling
• Contact Us
• Frequently Asked Questions
• About The Gold King