Cash For Gold · The Published Rate · Bedfordview, Johannesburg
Cash for gold, except we show you the maths.
The phrase has a bad name because it so often means one blind number you cannot check. Here is the opposite: the rate published, the karat proven in front of you, and your money by traceable bank transfer, not an envelope.
The published rate · price updates daily from the live gold feed
This is the cash-for-gold rate. Check it yourself.
The gold price, times your karat’s purity, times your weight, less our published 10%. Same rate for everyone, no haggling on the day. Weigh it on any kitchen scale to get your ballpark now.
Your estimate for today
R14 803
10 g × 75% × R2 193/g fine × 0.90
That is approximately what you would walk out with today for scrap, gold that is going to be melted. The gold price moves every day; our published less-10% never does. Krugerrands, bullion, designer and finished pieces are valued case by case, usually above this floor: ask for a quote, no obligation.
Reference gold price R2 193/g fine, checked 25 July 2026. The live figure loads here and refreshes daily.
No fee, no obligation, no pressure. Bring someone with you if you like, and if the number does not suit you, you take your gold home. Most people are done in under an hour.
- 1 WhatsApp a photo and the weight Or just the weight and karat if it is stamped. Takes two minutes.
- 2 We agree a price and a time An honest figure against the day’s gold price, and a slot that suits you.
- 3 We test and weigh it in front of you XRF analyser reads the karat, calibrated scale confirms the weight. Any stones are valued on top.
- 4 We buy it and pay you out Figure in writing first. FICA-compliant bank transfer, typically cleared within 72 hours.
The usual model versus the published model
| At the desk | The usual way | Prodiam |
|---|---|---|
| The price | One blind figure, take it or leave it | Published: live gold price, less 10%, same for everyone |
| The karat | “Looks like 9 ct to me” | Read by XRF analyser while you watch |
| The weight | A scale you cannot see calibrated | Calibrated scale, weighed in front of you |
| Your diamonds | Ignored, or quietly kept | Valued against Rapaport and paid on top |
| The money | Notes in an envelope | FICA bank transfer, typically cleared in 72 hours |
| Walking away | Pressure to close today | Figure in writing, no fee, no obligation |
Not scrap? Krugerrands, bullion, designer and finished pieces are not melted and not scrap-priced: they are quoted case by case, usually above the floor. Coins are here, and jewellery with stones is here.
The published rate
We pay the live gold price, less 10%. Published, not negotiated.
your payout = grams× karat purity× live fine-gold price× 0.90
- Scrap, broken and unmarked gold. The live gold price less 10%. That is the published floor, and it is the same for everyone.
- Krugerrands, bullion, designer and finished pieces. The 10% floor is for gold that gets melted. Much of what we buy never sees the melt: coins, signed and designer work, and finished jewellery with life left in it are valued case by case on their own merits, usually above the scrap floor. Ask for a quote; there is no obligation either way.
- Diamonds and gemstones set in the piece. Valued separately against the Rapaport sheet and paid on top of the metal. Most gold buyers hand your stones back or ignore them. We are a diamond house, so we can price them and buy them.
Check us before you arrive. Weigh the piece at home and run the number yourself. A kitchen scale gets you the ballpark, not the last decimal, so on the desk our XRF analyser confirms the karat and our calibrated scale confirms the weight, in front of you. You get the figure in writing before anything is agreed. We buy outright: this is a sale, not a loan.
It is safe to bring it in
Carrying gold to an unfamiliar address is the real hesitation, so here is the honest answer. The Paragon is a secured diamond-industry building: armed security, access control at entry, and secure underground parking, so you walk from your car to the desk without stepping onto the street. The South African offices of GIA and EGL operate under the same roof. Viewings are private and by appointment, one client at a time. See how visiting works.
Where your gold actually goes
It does not disappear into someone else’s melting pot. Gold refineries operate in this same building, and that is where your metal is melted and refined; it then comes back upstairs to the SADPMR-inspected workshop where our own jewellery is made. Stones we buy are re-set into new pieces, not discarded. Reclaimed gold carries a fraction of the footprint of newly mined gold, so buying it back keeps metal that already exists in circulation instead of sitting in a drawer.
WhatsApp a photo and the weight Submit it for a written valuation → Book a Bedfordview viewing →
Cash for gold, asked straight
How does cash for gold work at Prodiam?
The same way the calculator on this page works, because that is the actual rate. Your gold is tested with an XRF analyser and weighed on a calibrated scale in front of you, the arithmetic is done out loud, the live gold price times your purity times the weight, less our published 10% on gold that will be melted, and you get the figure in writing.
Say yes and we settle by FICA-compliant bank transfer, typically cleared within 72 hours. Say no and you take your gold home. No fee either way.
Do you pay actual cash notes for gold?
No, and you should be wary of anyone who insists on it. We settle by FICA-compliant bank transfer, which protects you: the payment is traceable, verifiable and clean, with no questions later from your bank or SARS, and you are not walking out of a building carrying notes. "Cash for gold" at Prodiam means your money, at a published rate, in your account, usually cleared within 72 hours.
What is the cash for gold price per gram today?
It is the live gold price times the purity of your karat, less our published 10%, and the calculator on this page works it out for you on today’s figure. A gram of 9 ct is 37.5% pure, a gram of 18 ct is 75%, and the rate is the same for every customer with no negotiation.
That applies to gold that will be melted; coins, designer and finished pieces are quoted case by case, usually above that floor.
Why do some cash-for-gold offers come in so low?
Because some models are built on you not knowing the maths: one blind number, often a third or more under the metal value, no live price shown, no karat proven in front of you, and a stone in the piece ignored rather than valued. None of that is illegal; it is just opaque.
The defence is arithmetic: weigh your gold at home, run the calculator here, and walk in already knowing what the metal is worth.
Is cash for gold safe in Johannesburg?
It is as safe as the premises you choose. Prodiam sits in The Paragon, Bedfordview, a secured diamond-industry building with armed security, access control and underground parking, and the South African offices of GIA and EGL under the same roof. You park beneath the building, walk to the desk, and everything happens in front of you, by appointment, one client at a time.