Platinum. White Gold. Silver

Pajak Gadai Wangi accepts platinum, gold, white gold and silver as collateral for a pawn loan.  Interest Rate: 2% per month. Loan Duration: 6 months (renewable). Pajak Gadai Wangi menerima platinum, emas kuning, emas putih dan perak sebagai cagaran untuk pinjaman wang. Faedah: 2% sebulan. Tempoh: 6 bulan dan boleh dilanjutkan. 旺裕當铺接受铂(Platinum), 黄金, 白金, 银作为抵押。 利息每月2％。贷款期6个月, 可以延长。

Read about the different types of Gold. 

 

Difference and comparison: Platinum, White Gold and Silver.

The most common precious metals used for jewellery that are "silver" in colour are platinum, white gold and silver.

The jewellery industry uses the term "white" for silver-coloured metals.

	Platinum	White Gold	Silver
Composition	Jewellery platinum is usually an alloy containing 90% to 95% platinum. Iridium or ruthenium used as a hardener alloy.	White gold is an alloy of gold and other white metals such as silver and palladium. White gold is usually 18k (750), 14k or 10k.	Sterling Silver (925) is 92.5% silver and 7.5% copper or other metals. Copper often used for remaining 7.5% of Sterling silver. Copper improves the hardness and durability of silver without altering its colour.
Colour	Platinum is grey white in colour and will not fade to yellow like white gold but its shiny finish will dull to a natural patina over time.  It can be professionally polished to restore its original lustre. Due to the denseness of its molecules, platinum shines brighter than any other precious metal.	White gold is light grey and has a hint of yellow. White gold is more silvery in colour whereas platinum is more grey. White gold rings are usually coated with a hard protective finish of rhodium, a silver-white metal similar to platinum. The rhodium plating is used to make the white gold look whiter.	White-grey coloured. Silver is the whitest colour metal.
Weight	Platinum is a very dense and heavy metal. Platinum is heavier than gold and is evident on a large piece of jewellery. 90% Platinum weighs 60% more than 14K gold.	Lighter in weight (mass) than platinum.	Lighter than gold and platinum. Lesser quantity required to create the same piece of jewellery compared to gold or platinum due to the lighter weight of silver.
Hardness (resistance to scratching & denting)/ Durability	Excellent resistance to corrosion. The purer the metal, the softer it becomes. Softness means that the metal sustains scratches easier. Like all precious metals, pure platinum can be scratched and dented. However, platinum does not wear away. The scratch on a platinum piece is merely a displacement of the metal and none of its volume is lost. Platinum loses very little weight during day to day wear and during polishing.	White gold is harder than alloyed platinum and results in less scratches and dents than platinum. However, when white gold is scratched, a small amount of the metal is scratched off and over time, will lead to thinning. The Rhodium coating on white gold is very hard but will wear away eventually. White Gold needs to be re-plated with rhodium from time to time to make it look whiter.	Silver is relatively soft and may be susceptible to scratches or dents Silver can be easily filed and polished by jewellers to repair any minor surface damage resulting from daily wear and tear.
Malleability (How easy a metal bends and shapes without breaking.)	A malleable metal will bend easily, whilst a brittle metal will not bend easily. Although platinum prongs are unlikely to break, they can still bend and cause the stone in the settings to become loose. The taller the prongs, the more likely they are to bend with normal daily wear.	White gold with a higher content of Palladium is more malleable. White gold with higher nickel content is not as malleable as white gold with less nickel. Some diamond jewellery have white gold mountings and prongs as white gold prongs holding diamonds may be more resistant to bending than platinum.	Silver is more malleable than any element except gold. One grain of silver can be made into a sheet 150 times thinner than a piece of paper.
Use in jewellery	Commonly used for diamond rings. Platinum is a naturally white metal that does not reflect colour into the diamond, it is said to enhance the brilliance of diamonds and other gemstones. Usually not used in the full range of jewellery products due to its higher price. Platinum can’t be re-used and re-melted like white gold. Therefore, any scraps and filings must be sent to a refiner, adding to the cost of making platinum jewellery.	Widely used in all jewellery. Precious stones often available in white gold settings. White gold is one of the most popular white metal for jewellery due to its cost comparison with platinum. Higher quality palladium alloys of white gold are sometimes not plated.  It is not as white in colour as rhodium plated white gold but does not need to be constantly re-plated.	The most popular silver alloy used in jewellery is Sterling Silver. Precious gemstones such as diamonds, rubies, emeralds, etc., are usually not set in sterling silver. Used more frequently in casual jewellery.
Price	Very expensive. Platinum is one of the rarest metals. Every year only about 90 tons of Platinum is made into jewellery compared to 2700 tons of gold. The higher melting temperature of platinum makes it harder to cast and work with. Therefore, platinum requires special procedures, chemicals and equipment which add to the high labour cost of making platinum jewellery.	More expensive than sterling silver. Labour cost of white gold jewellery is usually higher than yellow gold jewellery but not as expensive as platinum jewellery.	Least expensive of the white metals.
Ease of Care and Maintenance	Platinum will keep its whiteness unlike white gold. Pure platinum turns dull much more quickly than white gold and may develop a greyish-white colour patina due to the surface scratches. Scratches and other metallic blemish spots can be polished off.	Generally, the harder the metal, the more shine the finish will show and hold. White gold is harder than platinum; therefore, it holds its shine longer. A white gold ring's rhodium plating subject to wear and tear will need to be recoated every now and then to maintain the white gold ring’s whiteness.	Tarnishes easily. Silver is also more prone to oxidisation, sometimes causing the silver to turn black. Silver jewellery can be easily made to look like new again with cleaning.
Allergy	Most jewellery allergy is caused by nickel. Platinum is purer and considered to be more hypoallergenic.	Nickel is often one of the white metals alloyed with yellow gold to produce white gold. May cause allergy reaction to people allergic to Nickel or some of the other metals used as alloys in gold jewellery. People with nickel allergy may opt for nickel-free white gold with higher palladium content.	Sterling silver is often nickel-free.

The 4 C's of Diamond Quality

The 4 C's of Diamond Quality

The 4Cs are a set of objective and widely accepted standards used by jewellers to evaluate diamonds.

Cut

• A diamond cut refers to the proportion, symmetry and polish of a diamond.
• The Cut is considered a diamond's most important characteristic and the only property of a diamond that is man-made.
• A well-cut diamond reflects light internally from one facet to another and disperses it through the top of the diamond.
• The facets of a well-cut diamond are arranged with precise, mathematical proportions to maximise its fire, scintillation and brilliance.
• In general, the grades used to determine the cut of a particular diamond are: “Ideal”, “Premium”, “Very Good”, “Good”, “Fair” and “Poor”.

 

Carat

• The carat is the diamond’s physical weight measured in metric carats. 1 carat = 200 milligrams.
• Larger diamonds are uncovered less often than smaller ones. Therefore, larger diamonds are more valuable than the equivalent weight of several smaller diamonds.

Colour 

• Usually refers to the presence or absence of colour in white diamonds.
• A colourless diamond, allows more light to pass through it than a coloured diamond, emitting more sparkle and fire.
• Only a few, rare diamonds are truly colourless. Thus, the whiter a diamond's colour, the higher its value.
• Grading colour determines how closely a white diamond's colour approaches colourlessness.
• The highest rating of "D" for colourless and all the way to "Z" to grade stones with traces of very light yellowish colour.

 

Clarity

•  The clarity of a diamond refers to the amount, size, type and location of inner flaws (inclusions) or surface imperfections (blemishes) visible in a diamond using 10x magnification.
• Diamonds with no or few inclusions and blemishes fetch a higher price because they are rarer.
• Grades range from “Flawless” (F) for diamonds which are completely free of blemishes and inclusions to “Included 3” (I3) for diamonds with large blemishes and inclusions that are visible to the naked eye. The grade may also indicate whether the inclusion is near the centre of the stone or along its girdle, or outer edge.
• Although the presence of inclusions and blemishes lower the clarity grade of a diamond, these characteristics make each diamond unique as no two diamonds are exactly alike.
• Observe your diamond's unique clarity characteristics with the plot provided on the diamond certificate to ensure that the diamond you pay for is the same diamond you receive. 

 

Additional:

Certificate

•  A diamond certificate, also called diamond grading report, diamond dossier, or diamond quality document provides details of the diamond's exact measurements and weight, its cut and quality as well as all its individual characteristics. 
• The diamond is evaluated, measured, and scrutinized using trained eyes, a jeweller’s loupe, a microscope, and other industry tools by an independent diamond grading and certification laboratory.
• A diamond certificate isn't an appraisal but a scientific blueprint of the diamond's exact qualities.
• A diamond certificate from a reliable and reputable diamond grading and certification laboratory assures that every important factor about the diamond is described in the certificate.

Pajak Gadai Wangi accepts diamonds as collateral for a pawn loan. 

Call us at 082-348 229. Interest Rate: 2% per month. Loan Duration: 6 months (renewable).

Pajak Gadai Wangi menerima berlian sebagai cagaran untuk pinjaman wang. Hubungi Pajak Gadai Wangi hari ini di 082-348 229. Faedah: 2% sebulan. Tempoh: 6 bulan dan boleh dilanjutkan.

旺裕當铺接受钻石作为抵押。请联系我们: 082-348229。

利息每月2％。贷款期6个月, 可以延长。

Loans for Small and Medium Businesses

Baca versi Bahasa Malaysia

Get Financing for Your Business: Fast and Flexible Loans at Pajak Gadai Wangi.

A business loan provides the necessary funding for Small and Medium Enterprises (SME) to capitalise on emerging opportunities and optimise their investments in innovation and growth.

However, banks are reluctant to lend to new and existing businesses without guarantees in the form of cash or property and often take 1-3 days to approve a loan. Banks will also consider your credit history, business plan, experience and education, and the feasibility of the business you are starting or expanding when you apply for a loan from them.

At Pajak Gadai Wangi, we can loan you cash with your gold and jewellery as collateral at 2% interest per month.

 

Speed

• We appraise your gold or jewellery and provide you with cash and a pawn ticket, all within minutes.
• No credit checks. No guarantors required. No extra paperwork necessary. You can get a pawn loan at Pajak Gadai Wangi regardless of your financial history.
• We only need your Mykad or passport information for identification purposes and your contact details. We do not collect any other personal information.
• Respond to customer enquiries promptly and efficiently.
• Open 6 days a week.

Flexibility

• You can choose to borrow a small or larger amount based on the current market value of your gold or jewellery.
• Duration of our loans is 6 months. However, customers can repay their loans and redeem their items before the expiry of the loan duration.
• Customers can choose to repay their loans by instalments in any amount.
• Payment of interest on the loan is required only at the end of the 6 month loan period.
• Customers have the option of renewing their loans and extending the loan duration for another 6 months.

Transparency

• Pajak Gadai Wangi is a licensed pawnshop which complies with the Pawnbrokers Act 1972.
• Customers pay no more than 2% of the loan amount in interest per month.
• Details of the pawn item, loan amount, loan duration and conditions of the loan are printed on each pawn ticket.
• No advance deductions or penalty charges. 

Please read our Frequently Asked Questions page or Contact Us for more information on our services. 

The difference between Ar-Rahnu Schemes and Pajak Gadai Wangi

Baca versi Bahasa Malaysia

	Ar-Rahnu	Pajak Gadai Wangi
Concept	Islamic pawn based on Shariah principles.	Conventional pawnbroking.
Cost of loan	Monthly safekeeping fees based on the value of the pawned gold (marhun value).	2% interest per month based on the loan amount.
Loan Duration	The first period of 6 months may be extended for three months and finally another 2 months.	6 month loan period may be extended for another 6 months. A loan may be extended indefinitely.
Collateral	18K - 24K (750 – 999) gold only. Gold bars no longer accepted.	Pajak Gadai Wangi accepts gold of various grades of fineness, white gold, gold watches, gold bars, gold coins/dinars, diamonds, hollow gold jewellery and gold jewellery with stones. Gold items which are damaged, broken, torn, or crushed are also accepted.
Process	Customers must fill out forms and provide information such as employer’s name, work address, occupation, gross income and other personal details to the bank. Customers must also open a savings account with the bank.	Most transactions will take only a few minutes. No forms to fill out.
Credit Check and Bankruptcy Status	Customers who are declared bankrupt are not eligible to apply for loans under the Ar-Rahnu scheme. Loan details will be added to the Central Credit Reference Information System (CCRIS). A customer's credit report will be affected if the loan with the bank is not repaid on time.	No credit checks. Customers who are declared bankrupt can get a loan at a pawnshop. No customer details will be added to the CCRIS and a customer's credit history will not be affected.
Minimum Loan Amount	RM100 minimum.	Pajak Gadai Wangi can loan you an amount of less than RM100.
Opening Hours	Bank Rakyat and Agro Bank are closed on weekends and public holidays.	Pajak Gadai Wangi is open 6 days a week.

Why choose Pajak Gadai Wangi?

1. Pajak Gadai Wangi practices a high standard of business ethics and complies with the Pawnbrokers Act 1972.
2. Fair and transparent dealings: details of the pawn item, loan amount, loan duration and conditions of the loan are recorded in detail on each pawn ticket.
3. No late penalty charges or advance deductions.
4. Interest is charged based on the loan amount and not the value of the gold pledged. Therefore, customers can choose to borrow a large or small amount depending on their needs.
5. All valuables are securely stored and will not be tampered with.
6. Pajak Gadai Wangi provides a high loan amount and competitive interest rates.
7. Pajak Gadai Wangi will notify the customer whenever their loan duration is about to end so that customers can redeem or extend their loan duration on time.
8. An auction notice will be sent to the customer when their loan repayment period has expired. The auction will be overseen by the Ministry of Housing and Local Government and operated by a licensed auctioneer. Surplus money will be returned to the customer.

Read why Pajak Gadai Wangi is Your Loan Provider of Choice.

Pawn gold bars and gold coins for cash at Pajak Gadai Wangi

Baca artikel ini dalam Bahasa Malaysia

Pajak Gadai Wangi accepts all types of gold bullion bars and coins as collateral including -

• PAMP, Valcambi, Emirates Gold, Heraeus Kinebar/ Argor Heraeus, Credit Suisse, Metalor, Istanbul Gold Refinery, Kijang Emas, Canadian Gold Maple Leaf (Royal Canadian Mint), Krugerrand (South African Mint), Australian Gold Nugget (Perth Mint Australia), American Gold Eagle, Public Gold, Dinar Emas Kelantan, Twin Towers (Tomei), Bunga Raya (Poh Kong), Wah Chan etc.

• Gold bars and coins of various weight and sizes.

• Gold bars and coins with unopened or opened/tampered original cases; with or without certificate of authenticity.

Obtain a cash loan at Pajak Gadai Wangi with your investment gold as collateral and free up cash for other investments

• Pajak Gadai Wangi values your gold based on daily gold spot prices and will offer you a high loan amount at only 2% interest per month.

• 999.9 fineness investment gold bars and gold coins fetch a higher price than ordinary 916 gold jewellery.

• Instead of leaving your gold in storage and not generating any income, put your gold to good use by pawning and raise cash for your other investments.

• Pajak Gadai Wangi stores all valuables in a vault with round the clock security and CCTV surveillance.

• Customers retain ownership of their pawned gold items and can redeem their items at any time during our business hours.

Raise cash without selling your gold

• Pajak Gadai Wangi will loan you cash with your gold as security.

• Customers who sell their gold for cash often do not get a good deal

• Gold buy back prices are very low at goldsmiths and jewellery shops as about 25% of the retail value of the gold will be deducted.

• Public Gold buy back their gold bars and gold coins at a lower price compared to their Sell Price. 
• Customers who had sold their gold lose out when price of gold increases.
• Gold prices, workmanship and other charges are on the rise and customers may have to pay more to buy gold in the future.

Read our “Sell your Gold or Pawn: Why Pawning is the better choice” article.

Licensed Pawn Shops vs. Illegal Money Lenders: Avoid Loan Sharks and Unlicensed Pawn Shops

Baca artikel ini dalam Bahasa Malaysia

What is a licensed pawnshop?

Licensed pawnshops such as Pajak Gadai Wangi are regulated by the Ministry Of Housing And Local Government and must comply with the Pawnbrokers Act 1972. The Pawnbrokers Act 1972 was enacted to ensure that the rights of the borrower are protected. The legal obligations of licensed pawn shops when dealing with customers include the use of proper paperwork/ records  and fair collection methods.

Pajak Gadai Wangi -

• Charges only 2% interest per month on loans with gold/ jewelery as collateral.
• Loan duration is 6 months or earlier and renewable for another 6 months.
• Issues a pawn ticket with full description of pawn items for every pawn transaction.
• Stores all pawn items carefully in a strong room with CCTV surveillance 24/7.
• Gold is valued on the spot based on daily gold prices.
• Deals with customers in a fair and professional manner.
• Regulated by the Ministry Of Housing And Local Government and complies with the Pawnbrokers Act 1972.

What are loan sharks/unlicensed pawn shops?

• A loan shark is a person or body that offers illegal unsecured loans at high interest rates to individuals, often backed by threats of violence.

• Unlicensed pawn shops operate without a license from the authorities and charge more than 2% interest per month for loans.

Loan sharks and unlicensed pawn shops are illegal moneylenders and operate outside the law. If you borrow from illegal moneylenders, you’ll likely:

1. Get a loan on very bad terms

• The terms on offer will usually be very unfair to the borrower.
• Illegal money lenders offer little paperwork in order to keep the borrowers in the dark as to how much they are actually paying.
• In order to evade the authorities, unlicensed pawnshops often issue borrowers with a purchase receipt instead of a pawn ticket. As a result, there is no evidence that an item has been pawned and borrowers are subject to the harsh conditions imposed by the unlicensed pawnshops to redeem their valuable possessions.
• Gold is valued at the whim and fancy of the unlicensed pawnshop operator and not based on market prices.
• Loan sharks keep borrower’s identification documents or passport as security.

2. Pay an extremely high rate of interest

• There are many cases of people borrowing a small sum of money from illegal money lenders and paying double or triple that original amount in interest.
• Most illegal money lenders will add extra charges or interest payments until the borrower is trapped in a never ending spiral of debt.
• Illegal money lenders take hold of the victim’s bank ATM cards along with the PIN in order to withdraw money directly from their accounts leaving them with little or nothing to get by on.
• Illegal money lenders charge high interest rates to “buy” pawn tickets from customers of licensed pawn shops.

3. Be harassed if you get behind with your repayments

• Loan sharks use violence and publicly humiliate victims to get their money.
• Be pressured into borrowing more from illegal money lenders to repay one debt with another.
• Loan sharks will disrupt the personal and family life, and businesses of their victims.

4. Lose your belongings

• Loan sharks often use violence to take away valuable belongings of borrowers to recover money.
• Illegal pawnshops are subject to raids by enforcement authorities from time to time. Illegally pawned items will be confiscated.
• Illegal pawnshops often impose unreasonable charges to force cash strapped customers to forfeit their pawn items. 

Conclusion:

It is illegal to borrow money from a loan shark/unlicensed pawnshop and you will be putting yourself at risk of violence and making your debt grow uncontrollably in a short period of time. You should consider the possibilities for getting cash at a legal and reputable source. Please call Pajak Gadai Wangi today at 082 – 348229.

Updated: 03 September 2012.

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

Baca artikel ini dalam Bahasa Malaysia

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.