Where Do Jewelers Buy Gold ❲Working · 2026❳

Jewelers source their gold through a mix of high-volume industrial suppliers and local, "over-the-counter" acquisitions. The process generally follows three main channels: 1. Refineries and Specialized Distributors

Many independent and "mom-and-pop" shops obtain a significant portion of their gold by buying it directly from customers. where do jewelers buy gold

: Buying from established refineries like Johnson Matthey or Handy & Harmon ensures the gold's purity is certified. Jewelers source their gold through a mix of

: Some jewelers buy bulk scrap from local pawn shops that lack the facilities to refine the metal themselves. 3. Wholesale and "Memo" Inventory : Buying from established refineries like Johnson Matthey

: A jeweler may melt this scrap gold down in-house to create new pieces, or they may aggregate it and sell it to a refiner to be turned back into pure 24K gold or new casting grain.

: Some jewelers use Bullion Exchanges which store tens of millions in gold in high-security vaults. 2. Scrap Gold from the Public

Most manufacturing jewelers buy gold directly from or specialized distributors.