Many couples after their marriage anniversary is over means, they are interested to sell their gold engagement rings, these rings are purchased an year back. These couple are not aware the rate of the gold at present day, they are simply selling the rings at the price and they are returning home, in other cases, the people are selling the gold for the exchange of the products. The buyer would be able to get more profit in this transaction, as the buyer is not aware about the gold price per gram on the day. The seller would not be glad for selling or sad for selling his rings. However, he would he happy he has sold his rings, and he has purchased some other value for the same money. This is not the right approach, before selling the gold rings the person should have to check the market rate per the gold gram, he has to compare the purchased rate of the gold, and finally he would be in a position to understand about the gold rate per gram, this is the basic knowledge to learn about the gold trading.

In case, if any person understands above principles of the gold rate, he would never request anyone to sell engagement ring, he would selling the ring directly to the buyer, there will not be any middle man in the transaction, only two people would be doing the deal. The buyer and seller deal is the necessary for trading the gold for profit money. In majority cases, the people are not following the rate of the gold, they are underselling their gold from the real value, and only merchant is earning money by the above transaction. The merchant is becoming rich by doing the above kind of transactions, but the seller remains in the same position.

Actually, there is no scrap in gold, at the same time, the gold is not in a shape it is not useful to anyone, it should have a shape as coin, jewel, big ornaments, in this condition, the gold would be with the shape, it would be liked by the user, the user is not thinking about the regular usage of the gold, the user of the gold is using the gold ornaments, only for the broken jewels, the owner of the gold should have to say, sell scrap gold the reason is, if the gold jewels are broken they could not be used immediately, the metal should have to be reconstructed by the goldsmith as an ornament. Even for the broken jewels genuine traders are offering the best price, because the gold calculation is made only based on the gram rate not even the completed product rate.