<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>As </span><a href="https://www.9news.com.au/gold" rel="" target="" title="gold"><span>gold</span></a><span> prices continue to surge to record highs, </span><a href="https://www.9news.com.au/national" rel="" target="" title="Australians"><span>Australians</span></a><span> are starting to cash in, selling old jewellery to make quick money.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>However, with such expensive valuables, experts warn it's important to know who you're trading with.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Loralie Bodle brought a box of unwanted valuables to her local jeweller, hoping to be sitting on a gold mine.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/world/anthony-albanese-donald-trump-meeting-white-house-oval-office/86dff558-6189-4a00-9b65-d40d7f055505" target="_blank"><strong><span>'I don't like you': Trump blasts Rudd during Albo meeting</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"I was thinking maybe it's time to go in and find out what it's worth," she said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The 143 grams of gold Loralie brought in were valued at $10,000 on the spot. </span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"I really didn't think that it was going to be that much," she said.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/gold-prices-aussies-are-selling-their-old-jewellery-as-gold-prices-continue-to-soar/6dd0e9d2-1dba-4d52-85fb-3871c67b2006" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The value of gold has doubled since 2023, causing a gold rush as customers bring their old rings, bracelets and watches into jewellers to find out if they're worth anything.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"It can be broken, knotted, tangled. It can be in any kind of condition,"  Imperial Jewellery valuer Judi Hening said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"We have even had people's teeth."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Specialist gold buyers have outlets nationwide, mostly with no appointments needed, with cash or bank transfers done in minutes.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/heat-records-october-temperatures-break-records-multiple-states/27ac5aa7-a468-4389-8b77-d8b568c629db" target="_blank"><strong><span>Millions set to swelter as spring scorcher looms</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"It's had an extraordinary rise in 2025, really building on strength that we saw coming out of the pandemic," ABC Bullion general manager Jordan Eliseo said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Customers are always advised to compare offers before settling on a deal. </span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Making sure you're dealing with a reputable, trustworthy company that has hopefully been in business for many years," Eliseo said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Professional companies rely on tools such as X-ray machines or acid testing to determine the carats of the gold. </span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Everything goes under the microscope to make sure it is what it looks like," Henning said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Jewellers also advise people to ensure they're checking with family members before selling items that could potentially hold sentimental value. </span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national/how-to-follow-9news-digital/29855bb1-ad3d-4c38-bc25-3cb52af1216f" target="_blank"><strong><em><span>DOWNLOAD THE 9NEWS APP</span></em></strong></a><strong><em><span>: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. 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