London Gold Centre
Buying and selling gold in London has gotten complicated with all the dealer options, pricing structures, and authentication concerns flying around. As someone who has researched precious metals markets in major financial centers, I learned everything there is to know about how these established bullion dealers operate. Today, I will share it all with you.
Hatton Garden Context
Probably should have led with this section, honestly—London’s Hatton Garden district has been the UK’s jewelry and precious metals hub for centuries. This concentration of expertise creates a competitive market where buyers and sellers both benefit.
Services Typically Offered
That’s what makes established gold dealers endearing to us precious metals enthusiasts—comprehensive services:
- Buying gold, silver, platinum, palladium
- Selling bullion coins and bars
- Professional valuations
- Testing and authentication
The Process
When selling precious metals, expect: visual examination, XRF or acid testing for purity, weighing on calibrated scales, and quotes based on current spot prices minus dealer margin. Payment options typically include cash, bank transfer, or check.
What to Bring
- Identification (required by UK law)
- Original documentation if available
- Realistic expectations about value
Buying Tips
Compare premiums over spot price between dealers. Understand that buy prices are lower than sell prices—dealers need margins. Build relationships with reputable dealers for better service over time.
