Sell your Gold or Pawn: Why Pawning is the better choice

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Should you sell your gold for cash or use it to secure a short term loan at Pajak Gadai Wangi?

Here’s something you should consider:

If there’s one commodity that’s been on the up and up over the last few years, it has to be gold.

Gold has risen from around USD170 per ounce in 1975 to about USD1700 today.

Price of gold is likely to climb higher

As the uncertainty in global financial markets continues, if you sell now, you might lose out on a better price. Also, unlike pawning your gold, you’ll never get it back once you’ve exchanged it for cash.

Receive cash now and keep your gold

At Pajak Gadai Wangi, you can use your gold as collateral to secure a short term cash loan and redeem your gold items when the loan is repaid. This way, you get the cash you need in the short term while at the same time, benefit from future price rises as you retain ownership of the gold.
The interest rate of our pawn loans is 2% per month. The loan duration is 6 months and can be extended.

Valuation

Pajak Gadai Wangi staff have plenty of experience in the jewellery trade. As we are not buying outright, there is no benefit for us to undervalue your gold. You can be assured of a high loan amount based on the valuation of your gold.

Low buy back prices

Customers who sell their gold for cash often do not get a good deal. They have to accept 25-35% being deducted from the retail value of their gold item when selling at a goldsmith or jewelery store and as a result, receive only a fraction of the true market value of their gold items.

Scams

The high price of gold has also resulted in the increase of scams, especially if you’re not dealing with a reputable business. Some unscrupulous buyers might advertise a false rate or use unethical tactics to force customers to sell their gold at below the market prices.

Pajak Gadai Wangi is a licensed pawnshop.
Please read our FAQ or contact us at 082 – 348229 for more information. We’re open 6 days a week.




Updated: 03 March 2016.