Pawn gold, loan now

Gold is often considered a long-term investment that typically increases in value during challenging economic times. That being said, the spot price of gold has increased a lot recently. Because the spot price is high, the base price of all gold jewellery has risen, which affects everything made of gold. Therefore, if you have old necklaces, rings, earrings or other gold items, right now is the time to turn your old jewellery into cash.

If you are looking to pawn gold near me and you work or are based in London, you can pawn your gold at any of our central London gold pawn stores. If you’re based outside London, you are welcome to visit us or use our fully insured home collection service.

You have immediate access to cash without needing to sell your gold. This is a gold-secured loan, which remains under your ownership for the duration of the loan.

There are two main types of gold loans:

• Pawn gold loans, like our offering, allow you to use your gold as collateral without credit checks and provide quick, flexible funding. Some people also refer to these as ‘personal loans for gold’.
• Bank gold loans are another option, although banks typically require credit checks and a more thorough underwriting process.

We provide a straightforward alternative to traditional gold bank loans.

As well as gold, you can sell or loan on silver, platinum, and palladium with us.

We offer loans on gold jewellery, watches, coins, bars, and bullion in yellow, white, or rose gold, in any carat or, weight, ranging from rings and bracelets to necklaces, earrings, and more.

Gold-backed loans are short-term loans where your gold acts as security, without the need to sell your gold investment. You use your gold as collateral to borrow money, and once the loan is repaid, your gold is returned to you.

The pawn price for gold changes daily in line with the international gold spot price. Contact us for today’s gold pawn rate and a tailored loan offer, or use our online gold pawn price calculator to get an indicative estimate.

We lend up to 75% of the value of your gold, compared with many pawn shops that offer only 50% to 60%. So, if your gold Krugerrand collection is valued at £6,500, we could lend up to £4,875, meaning we can often make the best gold loan offers.

To qualify, your gold must be genuine and meet our minimum loan amount of £ 500. No credit or affordability checks are required.

Our gold pawn interest rates vary depending on how much you can borrow against your gold collection. The higher the gold loan value, the lower the interest rate. Our friendly team can talk you through our gold pawn rate today.

British hallmarks are impressed into precious metals and typically include an assay office mark that certifies its purity, a letter representing the date, and a maker’s mark. Hallmarks originated in 14th Century London to represent the mark of Goldsmith’s Hall of Worshipful Company of Goldsmiths.

We require a valid photo ID (such as a passport or driving licence) and proof of address (such as a recent utility bill or bank statement). In some instances, we may require proof of ownership or a purchase receipt.

• Fast funding – gold valuations and payments are completed more quickly than for other assets.
• Retain investment – your gold remains yours and is returned once the loan is repaid.

It depends on your needs and personal circumstances. Read our Sell Vs Pawn Gold Guide to help you decide.

Pawn shops can be a good place to buy gold, as you can often find competitive prices and unique pieces. We regularly offer collectible gold coins for sale online and may have additional gold jewellery available in our three London stores. If you’re wondering whether gold is cheaper at pawn shops, you can often find excellent value compared with traditional retailers.

It depends on the ring’s weight, carat (purity) and the current gold price. Once these are assessed, we can lend up to 75% of its market value.

Gold value at a pawn shop depends on whether you’re borrowing against it or selling it. Loan values are based on a percentage of the market value, while sale prices are usually higher.

We offer loans from £500 to £2 million against gold. Between 2022 and 2025, the gold price increased by more than 100%. Because your gold investment has grown in value, you can borrow more. For example, if you borrowed £6,500 against gold three years ago, you could now borrow up to £13,000.

Pawn shops value gold by assessing its weight, carat (purity), and the current live gold spot price. Different carats contain different percentages of pure gold, so the value is adjusted accordingly.

CaratPurity (%)  24ct  99.9%  22ct  91.6%  18ct  75.0%  14ct  58.5%  9ct  37.5% 

Gold is traditionally sold by the pennyweight. Twenty pennyweights (DWT) equal 1 Troy ounce. This weighs 31.1 grams. “Carats” stamped in the hallmark indicates the gold content within an item. The percentage of gold in jewellery ranges from 24 carat (24ct) for pure gold down to 9 carat (9ct), which contains only 37.5% of the metal that is gold.

Most pawn shops verify the authenticity of gold by testing its purity, weight, and metal composition using tools such as acid tests, electronic testers, and XRF machines to confirm its authenticity.

Our loans can be used to purchase gold on finance, although we would require physical possession of the gold before releasing funds to the borrower. Many of our clients leverage their existing gold investments to fund new gold investment opportunities.

Yes, we do. You can use our online pawn shop gold calculator to get our gold pawn rate based on the weight and purity of your gold items, using the latest gold price. It’s a fast and easy way to see how much you could borrow.

Yes, our pawnbroking agreement will be provided to you during the loan process.

You will usually receive more upfront by selling gold because you are paid its full value. A pawn loan is only a percentage of that value, protecting the gold loan company over the six-month loan term against gold price fluctuations.

Yes. We test all gold items as part of our gold lending underwriting process. This ensures accurate valuation, confirms authenticity, and helps us manage risk before offering a loan.

Yes, we test gold for free when you are transacting with us. We don’t offer free testing outside of this purpose.

Yes. Most pawn shops, including ours, accept broken gold jewellery, as it is usually valued based on its weight, purity, and gold content rather than its condition.

Yes, we buy gold jewellery, coins, and bullion, or accept them as collateral for a loan. With gold prices currently near record highs, now is an excellent time to raise funds on your gold collection.

Yes. You can pawn white gold, rose gold, or yellow gold.

Yes, we accept unhallmarked gold as loan collateral, provided we can verify its authenticity and purity.

No, we do not accept gold teeth as collateral for a gold-backed loan.

Yes, using gold as collateral for a loan is one of the oldest forms of pawnbroking. Many pawn shops accept gold as collateral for loans or to purchase items outright. Gold pawnbrokers only accept physical gold and not digital gold.

Yes. Many clients choose to transfer their gold loan to us from a competitor. While the process involves redeeming your existing gold loan and taking out a new one with us, we can guide you through each step to make it as smooth as possible.

Many pawn shops won’t accept gold-filled or gold-plated items. We specialise primarily in solid gold for loans, so we typically do not take gold-plated jewellery, unless it’s branded jewellery. If you’re unsure whether it’s solid or plated gold, please get in touch, and we can verify this for you.

Yes. You can repay your loan early at any time, and interest will only be charged up to the point of redemption.

Yes. ‘Cash for Gold’ can mean either selling your gold or borrowing against gold, and we offer both options in our London gold stores.

Yes. We are a UK-based store and online gold brokers. If you prefer to transact with us from home, rather than visiting one of our stores, you can apply online and utilise our secure home collection service. If you use our home collection service and decide not to accept our loan offer, we will arrange for your item(s) to be returned to you free of charge. Alternatively, you are welcome to collect your item(s) in-store.

Yes, in some cases, gold loans can be renewed beyond six months. Our team can confirm whether it is possible and guide you through the gold loan renewal process. Online payments are also available. Please contact the store directly for further information.