How to sell gold in Spain: the complete guide

Selling gold should be simple and transparent. Yet almost everyone arrives with the same questions: what is it really worth, where do I sell it, and how do I know I am not being short-changed? This guide answers all of them, step by step.

You do not need to be an expert. You only need to understand three things: how a gold price is calculated, what your options are for selling, and how to spot a fair offer.

How much is your gold worth? How it is calculated

The value of any piece depends on three things: its purity (the karats), its weight in grams, and the day's gold price. You can get a feel for it in seconds with our gold price calculator.

• Purity (karats): 18k gold is 75% pure gold; 9k is 37.5%. The higher the karat, the more it is worth per gram.
• Weight: gold is paid by weight, in grams, and every tenth counts.
• LBMA price: the world gold price is fixed twice a day in London and changes daily.

The formula is straightforward: price per gram × weight × purity = the value of the gold in your piece. We work through it with examples in How much is my gold worth?, and you can check the live gold price today per gram.

Where to sell gold? Online vs the high street

You have two routes: the local cash-for-gold shop, or an online mail-in service. The shop is immediate, but tends to pay less and pressures you to accept on the spot. A well-run online service —with insured shipping and a laboratory appraisal— usually pays more and lets you decide calmly at home. We compare both in selling gold online vs at a jeweller.

How to sell gold without being short-changed

The golden rule: be wary of anyone who will not show you the maths. A fair offer can always be explained. Before you accept, make sure you have:

The process, step by step

1. You request your free pack and receive it at home, insured with Generali.
2. You send your pieces by post; no need to clean them. Guide: [how to send jewellery by post safely](/en/blog/send-jewellery-by-post-safely).
3. A gemologist appraises your gold with XRF analysis and a precision scale.
4. You receive a no-obligation offer. If it does not convince you, we return your gold free.
5. If you accept, you are paid by bank transfer within 24 hours.

You can see the full process, with the chain of custody for every piece, in how OroSeguro works.

Do you pay tax when selling gold?

For most private individuals selling a piece of jewellery, in practice there is usually nothing to pay — but it is worth knowing the rules. We explain them in tax when selling gold in Spain.

Special cases

The value is in the metal, not the condition of the piece. We buy gold in any form:

• [Broken jewellery, single earrings or un-hallmarked gold](/en/blog/sell-broken-jewellery-single-earrings): still worth its gold.
• [Inherited gold jewellery](/en/blog/sell-inherited-gold-jewellery): how to value and sell it discreetly.
• [Jewellery with diamonds or stones](/en/blog/sell-jewellery-with-diamonds-stones): how the gems are valued.
• Investment [coins](/en/que-compramos/monedas-oro) and [gold bars](/en/que-compramos/lingotes-oro).

Work out what your gold is worth now

Enter the karat and approximate weight and get an instant indicative estimate based on the day's price. No sign-up, no obligation.

When you are ready for a professional appraisal, request your free pack and receive it at home, insured from the first moment.

Frequently asked questions

What is the best way to sell gold in Spain?

For most people, an online service with insured shipping and a laboratory appraisal combines a better price, security and convenience than a physical shop, because you can decide calmly and without pressure.

How do I know what my gold is worth before selling?

Multiply the gold price per gram by your piece's weight and by its purity (karat). You can estimate it in seconds with our gold calculator.

Is it safe to send gold by post?

Yes, as long as the shipment is insured, discreetly packaged and tracked end to end. We explain it in how to send jewellery by post.

How long does payment take?

With OroSeguro, payment is issued by bank transfer within 24 hours of you accepting the offer.