: Instead of large bars, jewelers often buy "casting grain"—tiny, rice-sized pellets of gold. These are pre-alloyed into specific purities like 10K, 14K, or 18K, making them easy to melt down for custom molds.
Many independent and "mom-and-pop" shops obtain a significant portion of their gold by buying it directly from customers. where do jewelers buy gold
: Jewelers typically buy "scrap" (broken or unwanted jewelry) at a percentage below the current market "spot" price. : Instead of large bars, jewelers often buy
Jewelers source their gold through a mix of high-volume industrial suppliers and local, "over-the-counter" acquisitions. The process generally follows three main channels: 1. Refineries and Specialized Distributors : Instead of large bars