Sell Gold for Cash in Madiwala
Whether it's a broken chain, a pair of earrings you never wear or an old coin from a wedding, you can turn it into cash from Madiwala without haggling. The rate is on the board; the maths is on paper.
Gold for cash in Madiwala: what to expect
Madiwala is a lively market area near Silk Board junction. Traders and shop-owners from here often need working capital at short notice — to clear a supplier, stock up before a festival or bridge a slow month — and selling a little gold is faster than any loan. We keep the process tight so you can be back at your counter the same day.
Our process has no mystery in it. The rate comes from the live market (today it's ₹14,450/g for 24K), purity comes from an XRF reading you can see on the screen, and weight comes from a calibrated scale on the counter. Multiply the three, subtract our openly stated margin, and that's your offer.
Request a free callback from Madiwala
Enter your gold's purity and weight for an instant estimate — final payout is confirmed after XRF testing when you visit from Madiwala.
Rates updated 09 Oct 2026, 12:22 PM.
About Madiwala and how we help sellers here
If you're in Madiwala or Bommanahalli, WhatsApp us a photo and rough weight first and we'll give you a ballpark before you travel. We regularly speak with sellers from Madiwala and neighbouring Bommanahalli, Roopena Agrahara and Singasandra, so we understand the practical questions people here ask.
Landmarks like Madiwala Market and Silk Board make Madiwala easy to describe when you call — tell us where you're starting from and we'll guide you.
A short checklist for sellers
- ✓Carry one original photo ID: Aadhaar, PAN, passport, voter ID or driving licence.
- ✓Ask the buyer to state their margin or deductions up front, in writing.
- ✓Ask how purity is tested — XRF is accurate and doesn't damage your jewellery.
- ✓Separate pieces you want to keep from those you want to sell before you arrive.
- ✓Don't feel pressured to sell everything — you can sell a single piece.
Every kind of gold, one fair rate
Gold jewellery
Necklaces, chains, bangles, rings, earrings and anklets — any design, any age.
Gold coins
Bank-issued, jeweller-minted or government coins, from 1 gram upwards.
Gold bars & biscuits
Assay-marked bars from any refiner, from 1 g to 1 kg.
Broken & damaged gold
Damaged pieces are tested as-is. There's no penalty for something no longer being wearable.
Pledged gold
Stuck paying interest on a gold loan? Selling can close it and free up the remaining value.
Your visit, start to finish
Say hello
Walk in with your gold and one photo ID. That's all you need.
Accurate weighing
We record the gross weight, then the net gold weight after removing stones.
Purity reading
Non-destructive XRF testing shows the real karat on screen — no acid, no scratches.
Your offer
You get a clear breakup of every number before you decide anything.
Get paid
Cash within legal limits, or NEFT/RTGS for bigger amounts, credited the same day.
Understanding today's gold rate
Gold prices move every day, and so do ours — they're linked to the live MCX rate. Today we're quoting ₹14,450 per gram for 24K and ₹13,200 per gram for 22K. For example, 10 grams of 22K jewellery at today's rate works out to about ₹1,32,000 before our 2.5% margin, depending on the exact purity our XRF test shows.
| Example | At today's rate | After 2.5% margin |
|---|---|---|
| 22K · 5 g | ₹66,000 | ₹64,350 |
| 22K · 10 g | ₹1,32,000 | ₹1,28,700 |
| 22K · 20 g | ₹2,64,000 | ₹2,57,400 |
| 24K · 10 g | ₹1,44,500 | ₹1,40,888 |
Illustrative only, assuming exact stated purity. Your offer is confirmed after XRF testing.
WHY RV GOLDTrust is built in every detail.
Years of buying gold across Karnataka have taught us that trust is earned one honest weighing at a time — not claimed in a headline.
- Live MCX rate transparencyOur rate is displayed next to the live MCX price, so you see exactly what we hold back.
- German XRF spectrometerExact gold content in under 2 minutes. No guesswork, no acid test.
- Confidential servicePrivate rooms for testing and payment — no transaction discussed in front of other customers.
- Post-sale supportWhatsApp your transaction reference any time a question comes up after the sale.
What to bring
One government ID is all the paperwork requires.
- ✓Aadhaar card
- ✓PAN card
- ✓Passport
- ✓Voter ID
- ✓Driving licence
Not required: original purchase receipt, original packaging, or a prior appointment.
Get paid your way
Every payment method is settled the same day you sell.
Cash
Counted in front of you, ready on acceptance.
NEFT / RTGS
Bank transfer for larger amounts, credited within 2 hours.
UPI
Instant transfer to any UPI ID, works with all apps.
The difference is in the details
When you sell gold from Madiwala, these are the things that should matter most:
- Pledged gold supportGold pledged with a bank or NBFC? We can help release it and settle the balance to you.
- An openly stated marginWe tell you what we keep before you sell. Most buyers never do.
- Any condition acceptedDamaged jewellery is valued exactly like wearable jewellery of the same purity.
- One ID is enoughAadhaar, PAN, passport, voter ID or driving licence — any one will do.
- XRF purity testingA German XRF spectrometer reads exact gold content in about two minutes, without damaging your jewellery.
- Experienced teamStaff who know gold well and are happy to answer every question, however basic.
See us at work on Instagram
Real XRF tests, real weighing, real payouts — straight from our branch.
Watch our latest videos on Instagram.
4.9 stars across all branches
Real customers, real transactions — verified through Google Reviews.
“Excellent service at RV Gold Nagarbhavi. Got 97% of market rate for my 22K jewellery. The XRF test was done in front of me — very transparent. Highly recommend.”
“I was worried about selling my pledged gold, but RV Gold handled everything smoothly. They paid Muthoot directly and gave me the remaining amount immediately.”
“Fast process, fair price, no hassle. Cash in hand in 40 minutes. RV Gold Nagarbhavi team was polite and explained the rate calculation clearly. Will return.”
“Excellent service at RV Gold Nagarbhavi. Got 97% of market rate for my jewellery — very transparent staff and a comfortable place to sit while it's tested.”
Your questions, answered
Where can I sell gold for cash in Madiwala?+
What is today's gold rate for selling in Madiwala?+
Which documents do I need?+
How do you test the purity of my gold?+
Can I sell just one small piece?+
How long does it take to sell gold?+
Visit us from Madiwala
Open Mon–Sat · 9:30 AM – 7:00 PM. Walk-ins always welcome — no appointment needed.
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Coming soonRV Gold Nagarbhavi
1st Floor, Priyadarshini Layout, No 48, Nagarabhavi Main Rd, Huchappa Layout, Govindaraja Nagar Ward, Mudalapalya, Nagarbhavi, Bengaluru, Karnataka 560072
Mon–Sat · 9:30 AM – 7:00 PM
Know your gold's worth — today.
No appointment needed. Bring your gold and one photo ID, and we'll handle the rest.