9ct gold chain

[Goldmick]

I saw a lovely gold chain i wanted today it was in my local town. See pic. Did like it seemed a lot of money so i went on line and had a quick look its 47.5g 9ct think the gold price was something like 575 they wanted a £1000 glad i khow more now than years ago. It was one of those porn money transfer type places had lots of jewelry watches etc. Think i might still get one but will go to Hatton gardens. Its not far from me. 45 mins on train 

[Goldmick]

Just wanted to add what price do you think a chain like this should be over spot. Eg how much is that one in picture worth thanks for any help 

[ilovesilverireallydo]

Second hand market is £15-£17 an ounce on these bud. I see them often. 

[Goldmick]

£15 to £17 an oz for 9ct surely not 

[watchesandwhisky]

That will be per gram. They are not scrap so thats a fair price - but if buying i would always recommend to buy only ones with full UK hallmarks. Some will just be stamped 9ct and if over 1 gram can not "legally" be sold as gold, as any unhallmarked modern item over a gram is classed as "yellow metal" Its a technicality and anything can be tested but still...

[Clens92]

It's a fair price - maybe a couple of hundred high but nothing outrageous.

Everybody wants wearable jewellery at scrap prices, it's the same as buying a proof sovereign - work, time and money has gone into making it. 

[Goldmick]

Thanks for everyone.s help seems like about £850 to £900 is about fair price. It is a lovely chain