Guide · selling gold
How to Sell Gold in the Philippines
A step-by-step guide to getting the best price when you sell or pawn your gold.
Today's gold price: 24K ₱8,283.51/g · 21K ₱7,248.07/g · 18K ₱6,212.64/g — see live prices →
How to sell gold for the best price
Selling gold comes down to two numbers: the karat (purity) and the weight. Multiply today's per-gram rate for your karat (above) by the weight and you have its market melt value — your benchmark for any offer.
1. Identify your gold
Check the hallmark stamped on the piece: 585 = 14K, 750 = 18K, 875 = 21K, 916 = 22K, 999 = 24K. No stamp? A reputable buyer will test it. Weigh it on a gram scale if you can.
2. Know today's value
Read the live 21K, 18K or 24K rate off this site first. That's your anchor — anyone paying far below it is keeping too much.
3. Choose where to sell
- Online bullion dealers — best rates for genuine 24K bars and coins.
- Jewelers & gold buyers — negotiable; good for scrap and branded pieces. Districts like Ongpin (Manila) and Meycauayan, Bulacan specialise in gold.
- Pawnshops — fastest cash, most conservative (around 55–75% of melt). See pawnshop gold rates.
4. Sell vs pawn
Selling is final and usually pays a little more. Pawning is a loan against your gold that you repay with interest to get the item back — choose it if the piece has sentimental value.
5. Get the best deal
- Compare at least two or three buyers — rates vary widely.
- Separate your gold by karat so it isn't all paid at the lowest rate.
- Watch the weighing and testing; insist it's done in front of you.
- Bring a valid ID — most buyers require it.
Estimate any piece instantly with the sell & pawn calculator.
How to sell gold — frequently asked questions
Where can I sell gold for the highest price in the Philippines?
Online bullion dealers usually pay closest to spot for genuine 24K bars and coins; jewelers and gold buyers are negotiable for jewelry and scrap; pawnshops are fastest but most conservative. Compare a few before deciding.
How do I know if my gold is real?
Check the hallmark (585, 750, 875, 916, 999) and have it acid- or electronically tested. Reputable buyers test it in front of you.
Do I need an ID to sell or pawn gold?
Yes. Most buyers and pawnshops require a valid government ID.
Is it better to sell or pawn my gold?
Selling is final and pays slightly more; pawning is a loan you repay with interest to keep the item. Choose based on whether you want it back.