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Published Wednesday 5th January 2011Tesco’s have jumped feet first into the Scrap Gold market with the launch of the Tesco’s Gold Exchange! The arrival of yet another mega UK brand name is a clear indicator that the retail greats of the UK High Street are convinced the Scrap Gold business is still onto a winner!
Like other high street scrap gold buyers, Tesco’s offering is something short of competitive! While writing this article our Scrap Gold Prices are currently £10.04 per gram of 9 carat gold, Tesco are just managing a rather poor £7.81 – We pay 28.5% more! Like H. Samuel and WH Smiths (Post Gold For Cash), Tesco’s are relying on un-researched, non-savvy regular customers, the 7 club card points Tesco’s are throwing in to sweeten the deal most certainly won’t be the deal clincher!
Scrap Gold UK’s advice? Don’t be a high street moron, research the true value of your gold before your make your decision, we appreciate the Tesco’s brand name provides customer with a feeling of security and confidence in what is quite a big ask – to post personal valuables to an unknown source! But with some basic checks, or a phone call to speak to us in person, you could end up with a significantly better price for your scrap gold, silver, platinum or palladium.
But don’t just take our word for it; use our Scrap Gold Calculator to compare our prices to the Tesco’s Gold Exchange website.
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