Selling gold via GoldRepublic

Do you currently have gold that you purchased through GoldRepublic and that is stored securely in our independent vaults? Then you can sell your gold back to GoldRepublic at any time.

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

Buyback guarantee on gold purchased through GoldRepublic

Sell your gold at the current international gold price

No hidden costs

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Selling gold through GoldRepublic: how does it work?

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

Step 01

Step 02

Select the amount of gold you want to sell.

Step 03

Confirm the sale at the current price.

Step 04

After the transaction, you can deposit the amount into your account.

Different types of sales orders

When you sell gold through GoldRepublic, you have the option of setting different types of sell orders.

Market order:
‍With a market order, you sell your gold immediately at the current purchase 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.
Limit order:
‍With a limit order, you determine the minimum price at which you want to sell. The order will only be executed once the gold price reaches or exceeds the limit you have entered. This allows you to retain control over the selling price, although it may mean that the order is not executed immediately if the market price has not yet reached your limit.
Order based on amount:
‍You can also set up a sell order for a specific amount of money. The platform will then automatically calculate how much gold needs to be sold at that moment to realise the desired amount, based on the current gold price.
Order based on bar volume:
‍In addition, you can place an order based on a specific volume of gold, for example a number of grams, ounces or specific gold bars. This is particularly useful if you want to sell a specific part of your gold position, regardless of the final proceeds.

Costs of selling gold

Are you selling your gold back to GoldRepublic? You will receive the current bid price for gold. This is slightly below the market price and a 1% transaction fee applies.

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

In addition, the gold price can fluctuate between the time of purchase and resale, which means we also build in an exchange rate risk.

Have you purchased silver and/or platinum through GoldRepublic in addition to gold? The buy-back guarantee also applies to the sale of silver and sale of platinum, provided that 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 the 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 purchase and selling price of gold. This is also known as the 'spread' and is caused by margin and exchange rate 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 via GoldRepublic

Selling gold through GoldRepublic: how does it work?

Different types of sales orders

Costs of selling gold

What people say about us.

How is the selling price of gold determined?

Frequently asked questions

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