Tesco’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.