Difference worth weight in gold

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Shop around if you intend to sell your gold...

That is the message from trading standards officers in Rotherham after an operation on gold sellers threw up huge differences in the prices being offered to the general public.

In a joint operation with South Yorkshire Police, officers were offered between £759 and £1,350 for the same amount of scrap gold when they visited 17 outlets.

Over the two-day period, the officers entered each premise with a known weight of scrap gold.

The council said that although the gold was weighed it was not always weighed in the presence of the seller or on the correct type of weighing scales. The law requires that all transactions in gold must be made using Class II stamped trade equipment.

In addition, although there is no legal requirement to do so, none of the buyers revealed to customers the current unit price of scrap gold.

Council cabinet member responsible for trading standards, Coun Ken Wyatt, said: “The results from the operation are really surprising and the clear message is that people should shop around when they want to sell.”