Frequently Asked Questions
Everything customers ask before selling gold, diamonds or luxury watches to Gold Buyer Sri Lanka.
Frequently Asked Questions about Selling Gold
Answering who, what, why, and how about gold selling in Colombo.
Gold Buyer Sri Lanka is Colombo's premier licensed luxury gold exchange institution. Unlike traditional pawn brokers, we specialize exclusively in high-value outright gold buying, utilizing computerized XRF spectrometer testing to guarantee maximum payout values on the spot with complete transparency.
We purchase 24K, 22K, 21K and 18K gold jewelry, 916 hallmarked items, sovereign coins, gold bars and bullion, broken or damaged gold, dental gold and scrap gold. We also buy certified diamonds, precious gemstones and luxury watches at our Colombo appraisal desk.
Pawning gives you a loan against your gold with monthly interest and a capped valuation. Selling outright to Gold Buyer Sri Lanka pays you up to 2.5% above commercial pawn rate limits immediately, with no interest, no redemption deadlines and no risk of losing your jewelry to auction.
Our X-Ray Fluorescence spectrometer fires low-energy X-rays at your item and reads the returning elemental signature. In about 30 seconds it prints the exact karat and metal composition on screen — with zero scratching, acid or melting, so 100% of your jewelry's weight is preserved.
Our head office is at No. 123, Galle Road, Bambalapitiya, Colombo 04 (near Liberty Plaza / Majestic City), with free parking at the rear of the building. We also operate branches in Colpetty, Wellawatte, Sea Street, Kohuwala, Kalubowila, Nawala, Rajagiriya, Dehiwala, Mount Lavinia and Bandaragama.
Gold rates move daily with the world spot price and the LKR exchange rate. Our desk publishes the live Colombo pawn rate every morning — call our hotline to lock a rate quote, and we will honour it for your visit that day.
None. There are no XRF testing fees, no melting charges, no 'making charge' deductions and no commissions. The number you see on the calculator and on our in-store screen is exactly what you are paid.
No appointment is needed — walk-ins are always welcome during opening hours. For high-value transactions above LKR 5 million we recommend calling ahead so we can reserve the private VIP valuation room and prepare instant cash.
No. Gold Buyer Sri Lanka does not offer pawning (ukas), gold loans, or any lending facility. We are outright gold buyers only — we purchase your gold, diamonds and luxury watches and pay you instantly in cash or by bank transfer. We are not a pawn broker or finance company.
No. We do not buy pawned gold or pawn tickets, we do not settle or release gold that is mortgaged at a bank, pawn centre or finance company, and we do not handle re-pawning or pawn transfers. Your gold must be fully in your possession and free of any lien before we can purchase it.
No. Gold Buyer Sri Lanka does not provide money exchange or currency exchange services. We do not buy or sell USD, EUR, GBP or any other foreign currency at current exchange rates. We only buy gold, diamonds and luxury watches, and pay in Sri Lankan Rupees by cash or bank transfer.
The pawn rates on this website are published purely for market comparison, so you can see how much more you receive by selling your gold outright to us instead of pawning it. They are not an offer of a pawning or loan facility.
We Are Outright Gold Buyers — We Do Not Offer Pawning Services
Gold Buyer Sri Lanka purchases gold, diamonds and luxury watches outright for instant cash. We are not a pawn broker, finance company or lending institution. Please note the following services are not provided by us.
Services We Do Not Provide
- Pawning / pawn broking (උකස් සේවා) — we do not give loans against gold.
- Buying already-pawned gold or pawn tickets from customers.
- Mortgage gold releasing or settling pawn tickets at banks, pawn centres or finance companies.
- Re-pawning, pawn transfers or pawn ticket takeovers.
- Gold loans, interest-based advances or any lending facility.
- Redeeming, auctioning or holding customer gold as security.
- Money exchange / currency exchange (මුදල් හුවමාරු) — we do not exchange foreign currency.
- Buying or selling USD, EUR, GBP or any other foreign currency at current exchange rates.
What We Actually Do
- Outright cash purchase of gold jewellery, coins, bars and scrap gold.
- Purchase of certified diamonds, precious gemstones and loose stones.
- Purchase of authentic luxury watches.
- Free, non-destructive XRF purity testing and certified digital weighing.
- Instant payment in cash or same-day bank transfer, with no deductions.
Pawn rates shown on this website are published for market comparison only, so you can see how much more you receive by selling outright instead of pawning. They are not an offer of a pawning or loan facility.
Ready to Convert Your Gold into Instant Top Cash?
Visit our high-security private lounge in Colombo or call us now for a 100% free XRF valuation with instant cash or direct bank transfer.