TL;DR

You can sell gold at Bijouterie Jamil in Montréal in about 15–30 minutes: walk in or book an appointment, we test each piece with an XRF analyzer, weigh it on a calibrated scale, then quote you a payout pegged to the live spot price (typically 75–90% depending on form, karat, and quantity). You need one piece of valid government photo ID under Québec law. Payment is in cash, e-transfer, or cheque, your choice. Our buying service is called Cash4Gold by Bijouterie Jamil and it covers chains, rings, bracelets, single earrings, broken jewellery, dental gold, coins, and bars.

Table of Contents

1. What we buy (and what counts as gold)
2. The step-by-step process at Bijouterie Jamil
3. How evaluation actually works: XRF, weight, spot price
4. ID requirements under Québec law
5. Payment methods: cash, e-transfer, cheque
6. What to expect for valuation vs spot price
7. Sell vs trade: when each makes sense
8. Why some places lowball you
9. FAQ

What we buy

Almost any gold object with verifiable purity. In a typical week we evaluate:

• Chains and bracelets — broken clasps, kinks, missing links, no problem
• Rings — wedding bands, signet rings, old engagement rings (we value the gold and the diamond separately)
• Single earrings — the lonely survivor of a lost pair is still pure metal
• Broken or tangled jewellery — condition does not lower the gold value, only the time we spend sorting
• Dental gold — crowns, bridges, inlays. Often higher karat than people expect
• Gold coins — Maple Leafs, Krugerrands, Sovereigns, Eagles, older numismatic pieces
• Gold bars and ingots — from 1 g wafers up to 1 kg bars, branded (PAMP, Royal Canadian Mint, Valcambi) or generic
• Scrap and findings — clasps, posts, settings, nuggets

We also buy diamonds, luxury watches, and estate jewellery, but those follow a different evaluation track. This article focuses on gold.

If you are not sure whether your piece is gold or gold-plated, bring it anyway. The XRF test takes 30 seconds and tells us instantly.

The step-by-step process at Bijouterie Jamil

Whether you walk in or book ahead, the flow is the same.

1. Arrival

Come to our Montréal store. No appointment is needed for small lots (a few pieces). For larger collections, estate liquidations, or anything over a few hundred grams, book ahead so we can give you a private counter and uninterrupted time. You can request an appointment through bjamil.com.

2. Intake

We ask for your government photo ID and log the transaction in our buyback register. This is required by Québec second-hand dealer rules — more on that below. We also ask what you brought and whether you want to sell outright or hear about a trade-in toward something in our showcase.

3. Sorting

We separate your items by suspected karat and form: 10K from 14K from 18K from 22K, chains from rings from coins. Stones come out only if you want to keep them or if we need to weigh the metal cleanly.

4. Testing

Each lot passes through our XRF analyzer (X-ray fluorescence spectrometer). It reads the exact alloy composition non-destructively in about 30 seconds — no acid, no scratching, no damage. For coins and bars we cross-check against weight, dimensions, and mint marks.

5. Weighing

Calibrated jeweller's scale, accurate to 0.01 g. You see the number on the display.

6. The offer

We pull the live London spot price, do the math in front of you (karat × weight × spot × payout %), and hand you a written quote. No pressure. You can take it, counter it, leave and think about it, or walk out with your gold.

7. Payment

If you accept, you choose how you want to be paid. Cash on the spot for smaller amounts, e-transfer or cheque for larger ones. You sign the buyback slip, we hand you the funds, done.

Total time for a typical visit: 15 to 30 minutes.

How evaluation actually works

Three numbers drive every gold offer in the world: purity, weight, and spot price. The fourth — the dealer's payout percentage — is where shops differ.

Purity (karat)

Gold purity is measured in karats. 24K is pure (99.9%), 22K is 91.6%, 18K is 75%, 14K is 58.5%, 10K is 41.7%. Our XRF analyzer reads the actual percentage, not just the stamp. That matters because stamps lie sometimes — a piece marked 18K may test at 14K, or vice versa. We pay you for what is actually there.

Weight

Grams, not ounces. A wedding band might weigh 4–6 g. A heavy Cuban link chain can be 80–150 g. Coins and bars have known weights but we still verify on the scale.

Spot price

The London Bullion Market Association sets a twice-daily spot price in USD per troy ounce. We convert to CAD per gram in real time. As of early 2026, gold has been trading in a historically high range, which means payouts are higher in nominal terms than they were five years ago.

Payout percentage

This is the honest part. Refiners pay us a percentage of spot, we pay you a percentage of spot. A typical payout at Bijouterie Jamil is 75% to 90% of spot value, depending on:

• Form: pure bars and recognized coins pay closest to 100% (95%+) because they need no refining. 14K and 10K scrap pay lower because the refiner's recovery and refining cost is higher.
• Karat: 22K and 18K pay better than 10K per gram of total weight (more pure gold per gram).
• Quantity: larger lots get a better percentage because our handling cost per gram drops.
• Spot volatility: when the market is moving fast, dealers build in a small buffer. Calmer days, tighter offers.

A dealer offering you 60% of spot on 14K is not lying — they're just paying themselves a bigger margin. A dealer offering 95% on 10K scrap is either making a mistake or planning to make it up elsewhere.

ID requirements under Québec law

Québec regulates second-hand dealers, including jewellery buyers, under provincial and municipal rules. Every legitimate gold buyer in Montréal is required to record the seller's identity for every transaction. This protects you (proof of sale) and protects the public (deters trafficking in stolen goods).

What you need to bring:

• One valid piece of government-issued photo ID. A Québec driver's licence is the most common. A Canadian passport, a Québec health insurance card with photo, a permanent resident card, or a provincial photo ID card also work.
• Your real name and current address. If your ID address is out of date, bring a recent utility bill or bank statement.

We log your name, ID type and number, address, the items, the weights, the test results, and the payout. The record stays in our register. We do not share it except as required by law.

No ID, no sale. This is non-negotiable everywhere in Québec. If a buyer offers to skip the ID step, walk out — they are operating outside the law and you have no recourse if anything goes wrong.

If you are under 18, we cannot buy from you directly. A parent or legal guardian needs to come in and complete the transaction.

Payment methods

You choose at the counter. We offer three:

• Cash — for transactions up to a reasonable threshold (we follow Canadian anti-money-laundering rules and reporting thresholds). Fast, immediate, no waiting.
• Interac e-Transfer — sent to your email or phone within minutes. Most common choice for transactions in the $1,000–$10,000 CAD range.
• Cheque — for larger transactions or if you prefer a paper trail. Drawn on our business account. Clears in normal bank time.

For very large transactions (estate liquidations, multi-kilo positions), we may split the payment or arrange a wire. Talk to us in advance and we'll set it up.

You also have the option to take store credit toward something else in our showcase — a new piece, a custom commission, a watch — and that credit is worth more than the cash payout. More on that in the next section.

What to expect: valuation vs spot

Here is the honest math. A 14K gold chain weighing 30 g:

• Pure gold content: 30 × 0.585 = 17.55 g of fine gold
• At a spot price of, say, $105 CAD/g (illustrative — check live spot)
• Gross spot value: 17.55 × 105 = $1,842.75 CAD
• At 80% payout: $1,474.20 CAD
• At 90% payout: $1,658.48 CAD

That spread of about $184 is the difference between a fair shop and a generous one. Anyone offering you $700 for the same chain is not in the same league of honest.

For coins and bars the spread tightens. A 1 oz Maple Leaf might pay 95–98% of spot because it goes back into circulation as-is.

Sell vs trade — when each makes sense

Sell outright when: - You need cash now - You inherited pieces you'll never wear and have no sentimental tie to - You're consolidating into a single new piece

Trade when: - You want something else from our showcase - You're upgrading (e.g., trading a thin chain for a heavier one, or scrap toward a new wedding band) - You want to reset diamonds from an old ring into a new setting

Trade-in credit at Bijouterie Jamil typically beats the cash payout by 5 to 15 percentage points. We can absorb a higher number on the gold because we're recovering it on the new sale. If you're already going to buy something, trading is almost always the better move.

We also do custom commissions where your old gold gets melted and rebuilt into a new piece. Common with inherited jewellery — the metal carries forward, the design moves into the present.

Why some places lowball you

Three reasons, in order of frequency:

1. They pay themselves more. A pawnshop or quick-cash storefront often pays 50–65% of spot because that's their model. They are not in the business of long relationships.
2. They underweigh or under-test. Some shops "round down" weights or test only one piece in a lot and apply that karat to everything. XRF on every piece, calibrated scale, numbers on the display — that's how it should work.
3. They quote the wrong spot price. The London fix moves daily. A shop quoting yesterday's number on a rising market is shaving you. Ask to see the live price.

You can call ahead and ask any buyer in Montréal: "What's your payout percentage on 14K today?" If they won't give you a number over the phone, that tells you something.

A note on Cash4Gold by Bijouterie Jamil

Our buying service has a name — Cash4Gold by Bijouterie Jamil — but it lives inside the same family-run store we've operated for 60+ years. Same counter, same people, same XRF machine. The difference between us and the standalone "Cash4Gold" storefronts you see around Montréal is that we are a working jewellery house. We refine, we resell, we set, we repair. Gold has more downstream uses for us than just shipping it to a refiner, which is why we can pay closer to spot.

For more on what your piece might actually be worth before you walk in, see What Is Your Old Jewellery Worth: Evaluation Explained. If you're considering selling a diamond ring rather than just the gold, read Selling a Diamond or Engagement Ring: A Realistic Guide. And if you have a watch in the mix, Trading In a Luxury Watch covers that side.

FAQ

Do I need an appointment to sell gold at Bijouterie Jamil? No appointment for small lots — walk in any time during store hours. For large collections, estate liquidations, or anything over a few hundred grams, book ahead so we can give you a private counter and dedicated time.

What ID do I need to sell gold in Montréal? One piece of valid government-issued photo ID. A Québec driver's licence, Canadian passport, Québec photo health card, permanent resident card, or provincial photo ID all qualify. This is required by Québec second-hand dealer rules.

Can I sell broken or tangled gold jewellery? Yes. Condition does not lower the gold value. A broken chain, a single earring, a snapped ring — they all pay the same per gram as intact pieces of the same karat. Bring everything, even the small bits.

How much will I get compared to the spot price? Typically 75% to 90% of the live spot price, depending on karat, form, and quantity. Pure bars and recognized coins pay closer to 95%. 10K scrap pays lower. We show you the live spot, the math, and the payout in writing before you decide.

Do you buy gold coins and bars? Yes. Maple Leafs, Krugerrands, Sovereigns, Eagles, generic 1 g to 1 kg bars from PAMP, the Royal Canadian Mint, Valcambi, and others. Recognized bullion pays closest to spot because it requires no refining.

How are you paid — cash, e-transfer, or cheque? Your choice. Cash for smaller amounts, Interac e-Transfer for most mid-range transactions, cheque for larger ones. Very large transactions can be wired or split. Trade-in store credit pays 5–15% more than the cash equivalent.

How long does the whole visit take? 15 to 30 minutes for a typical small-to-medium lot. Larger estates or mixed lots with stones to remove can take 45–60 minutes. We don't rush you, and you don't rush us.

Can I trade my old gold toward a new piece instead of selling? Yes, and it almost always pays better. Trade-in credit at Bijouterie Jamil typically runs 5 to 15 percentage points above the cash payout because we recover the metal value on the new sale. Common with inherited jewellery being remade into something current.

Visit us

Our Montréal store is the easiest place in the city to find out what your gold is actually worth. Walk in, or book ahead at bjamil.com if you're bringing more than a handful of pieces. Bring your ID. We'll handle the rest.

Ziko Khazzoum is the second-generation owner and CEO of Bijouterie Jamil, a family-run jewellery house in Montréal serving Québec clients for over 60 years. He specializes in luxury watches, gold buying, and estate evaluation.