Most people who resell their gold in Dakar walk away with less money than they should. Not because their gold is worth little - but because they don't know how it is actually valued. The result: they accept the first offer, without knowing whether it is fair.
| Karat | Purity | Price per gram (spot, USD) | Jayma Or buy-back price |
|---|---|---|---|
| … | |||
Do you have a broken chain, old earrings, a ring you no longer wear? That gold has a precise value, calculable to the gram. And by knowing the right method, you can sell it quickly, at the best price, and in complete safety.
At Jayma Or, we buy gold jewelry, broken gold, scrap, coins, and bars in Dakar every day. We test, we weigh in front of you, and we pay cash, the same day, based on the world gold rate. Here, in full transparency, is exactly how to get the best price for your jewelry.
In this guide, you will learn:
- how the value of your gold is really calculated (and the mistake almost everyone makes);
- the different options for selling in Dakar - and the one that pays the most;
- the 5 concrete steps to sell fast and at a fair price;
- the safety precautions you should never overlook.
How the value of your gold jewelry is really calculated
The first thing to understand, and it is mistake number one: the buyback price of your gold has nothing to do with the price paid in a jewelry shop. In a shop, you pay for the gold + the craftsmanship + the brand + the seller's margin. On resale, only the gold the piece actually contains counts.
This value rests on three simple elements:
- Purity (the karat). 24-karat gold is 99.9% pure. 21-karat gold contains 87.5% gold, 18-karat 75%, and 14-karat 58.3%. The higher the karat, the more gold the piece contains - and the more it is worth.
- The exact weight. Your piece is weighed to the gram (and to the tenth of a gram) on a precise scale.
- The daily rate. The price of gold changes every day, based on the world market. That is what sets the value of one gram.
So the logic is: weight x purity x today's per-gram rate = the value of your gold. Want a concrete reference? The daily buy-price is shown in real time on our homepage, karat by karat. Check it before any sale: it is your best protection.
The options for reselling in Dakar (and the one that pays the most)
In Dakar, you mainly have three ways to resell your jewelry. They are not equal.
- The neighborhood jeweler. Convenient, but they often buy back low: their business is selling jewelry, not buying gold at a fair price. Estimates vary a lot from one shop to the next.
- Private individuals (classified ads, word of mouth). You might aim for a better price... but it is slow, uncertain, and it raises a real safety issue (meeting strangers, the risk of a scam or fake bills).
- The dealer specialized in buying gold. This is the option that pays the best and is the safest: a price calculated on the daily world rate, a test and weighing in front of you, immediate cash payment. That is exactly what Jayma Or does.
The difference on the same piece can be significant. Which is why you should always compare an offer to a clear reference: the daily rate.
The 5 steps to sell at the best price
Here is the exact method we recommend to anyone who wants to resell their gold without being taken advantage of:
- Identify the karat of each piece. Look for the hallmark (24K, 21K, 18K, 14K, or 999, 875, 750, 585). Can't find it? Don't worry: a quick test determines it precisely.
- Have your jewelry weighed. Real weight is the basis of the calculation. Be wary of a "by eye" estimate, made without a scale. (To understand how a weighing is done correctly, read our article on how jewelers weigh gold.)
- Check the daily rate. Note the per-gram price for your karat before you travel. You will arrive already knowing roughly what your gold is worth.
- Insist on a transparent estimate. The test and the weighing should happen in front of you, and the price should be explained to you (karat + weight + rate). If someone refuses to show you, be wary.
- Sell where you are paid cash, safely. The right buyer pays you in full, immediately, in a professional setting.
Try it right now: weigh your piece roughly, multiply by the per-gram rate for its karat, and you already have a realistic range. It is simpler than most people think.
Selling safely: the precautions to take
Selling gold means handling money and valuables. A few rules spare you any bad memories:
- Favor a professional, established place rather than an improvised meeting with a stranger.
- Bring an ID. A serious buyer verifies the seller's identity: it is a protection for you as much as for them. We explain why in this article.
- Refuse any estimate made out of your sight. The test and weighing are done in front of you.
- Insist on clear, immediate payment. At Jayma Or, it is cash, the same day.
Can't travel? No problem: we can send a trusted courier to your home or office to carry out the transaction safely.
Why resell your gold to Jayma Or
We are an established gold and jewelry buyer in Dakar, and everything we do rests on one thing: transparency.
- Price based on the daily world rate, shown publicly.
- Test and weighing in front of you, with the price explained from start to finish.
- Cash payment, immediate.
- Home or office courier if you cannot travel.
- And if you need cash without selling permanently, we also offer gold safekeeping and remere - you recover your jewelry later.
Frequently Asked Questions
What kinds of jewelry can I resell in Dakar?
Any gold items: chains, rings, bracelets, necklaces, earrings, but also broken gold, gold scrap, coins, and bars. The piece can be damaged or mismatched: it is the amount of gold it contains that counts.
What documents do I need to sell jewelry?
A valid ID is enough. Verifying the seller's identity is a normal, protective practice that secures the transaction for both sides.
Are there any fees or commissions?
At Jayma Or, the price we quote you after the test and the weighing is the price you receive in cash. You leave with the agreed amount, with no hidden fees.
What are the timeframes? When do I get paid?
Immediately. Once the piece is tested, weighed, and the price accepted, you are paid cash the same day - usually within minutes.
What payment methods do you offer?
Payment is made in cash. Other arrangements can be agreed depending on the amount; the simplest remains immediate cash.
Take action: get your free estimate
You now know how your gold is valued, where to sell it at the best price, and how to do it safely. There is just one step left.
Get a free, no-obligation estimate: simply send a photo of your jewelry over WhatsApp to +221 78 111 66 87, or book an appointment. We test, weigh, and pay cash the same day - and if you would rather not travel, we send a courier to you.
Don't let your gold sit in a drawer when it can become cash today. Check the daily rate, then write to us: in a few minutes you will know what your jewelry is really worth.