Selling gold bullion through GoldRepublic

Do you currently hold gold bullion that you purchased through GoldRepublic and that is safely stored in our independent vaults? If so, you can sell your gold bullion back to GoldRepublic whenever you wish.

Perhaps because you want to take advantage of a favourable gold price, because you want to free up capital for a new investment, or simply because you need liquidity for another purpose. Whatever your reason, at GoldRepublic you benefit from a buy-back guarantee on gold, silver or platinum bullion purchased through us.

Buy-back guarantee on gold bullion purchased through GoldRepublic

Sell your gold bullion at the current international gold price

No hidden costs

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Selling gold bullion through GoldRepublic: how does it work?

At GoldRepublic, you benefit from a buy-back guarantee. This means you can always sell the gold bullion you purchased from us back to us at the price offered at that time, based on the current gold price. The process is simple:

Step 01

Step 02

Choose the amount of gold bullion you want to sell.

Step 03

Confirm the sale at the current price.

Step 04

Following the transaction, the amount will be paid into your account.

Different types of sell orders

When you sell gold bullion through GoldRepublic, you have the option to set different types of sell orders.

Market order:
With a market order, you sell your gold bullion immediately at the current buying price offered by GoldRepublic. The transaction is executed instantly at the best available price at that time. This is the fastest and most direct way to sell your gold bullion.
Limit order:
With a limit order, you set the minimum price at which you want to sell. The order is only executed once the gold price reaches or exceeds the limit you have entered. This way, you retain control over the sale price, although it may mean the order is not executed immediately if the market price has not yet reached your limit.
Amount-based order:
‍You can also set a sell order for a specific amount of money. The platform then automatically calculates how much gold bullion needs to be sold at that time to achieve the desired amount, based on the current gold price.
Volume-based order:
‍You can also place an order based on a specific volume of gold bullion, for example a number of grams, ounces or specific gold bars. This is particularly useful if you want to sell a specific portion of your gold holdings, regardless of the final proceeds.

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The margin is the difference between the price at which a dealer buys gold (buying price) and the price at which it is sold (selling price).

In addition, the gold price can fluctuate between the moment of purchase and resale, which is why we also factor in a price risk.

Have you also bought silver and/or platinum bullion from GoldRepublic in addition to gold? The buyback guarantee also applies to selling silver and selling platinum, provided you purchased the precious metals through GoldRepublic.

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How is the selling price of gold determined?

The selling price of gold is based on the current gold price on international markets. This price fluctuates continuously, depending on supply and demand. GoldRepublic uses transparent pricing, so you always receive a fair price for your gold.

There is a difference between the buying and selling price of gold.
This is also known as the ‘spread’ and is caused by margin and price risk.

Frequently asked questions

What determines the selling price of gold?

The selling price is determined primarily by the global spot price. Dealers add a margin to cover costs and profit. In addition, the purity (carat) and the current exchange rate between the euro and the dollar influence the final selling price you receive per gram.

What is the best price for selling gold?

The best price for your gold is linked to the current gold price. For gold bars from recognized producers, specialist dealers usually offer the highest bid, typically between 98% and 100% of that price. The purchase price for gold jewelry is lower.

Is it wise to sell gold now or should I wait?

Now that the gold price has been at historic highs for months, it may feel like a good moment to sell your gold. However, various analysts suggest that the gold price may rise further. Your decision depends on whether you need liquidity now or believe in further upside due to ongoing geopolitical uncertainty.

Can I also sell small quantities of gold?

Yes. At GoldRepublic you can sell gold from as little as 1 gram, because through our platform you can own fractions of larger bars. When selling these small quantities, you pay a standard 1% transaction fee, regardless of the size of your order.

Is tax due when selling gold?

In the UK, profits from selling gold may be subject to Capital Gains Tax (CGT) if your total gains exceed the annual CGT allowance. This typically applies to gold bars and most gold bullion coins. As tax rules may vary depending on your personal situation, it is advisable to seek independent tax advice.

Can I sell back gold that was purchased elsewhere?

No. At GoldRepublic, you can only sell gold that you also purchased through GoldRepublic and stored in the vaults we recommend. For gold that you physically hold yourself or bought from another party, you need to contact specialist buyers. These parties usually buy gold at a percentage of the current spot price, depending on the type of gold.

How quickly will I receive money after selling gold?

After you sell your gold at GoldRepublic, the proceeds appear immediately in your online account. When you then withdraw that balance to your linked bank account, processing usually takes one to two business days. In practice, users often report that the amount arrives the next business day, provided the withdrawal request is submitted before the end of the working day.

What is the difference between the buy and sell price when selling gold?

The difference between the buy and sell price is called the spread and for gold bars it is often between 1% and 2%. This is lower than for gold coins because production costs per gram are lower.

Selling gold bullion through GoldRepublic

Selling gold bullion through GoldRepublic: how does it work?

Different types of sell orders

Cost of selling gold bullion

What people say about us.

How is the selling price of gold determined?

Frequently asked questions

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