The Huge Value of Gold When It is Pawned

I went to the pawnshop today to pawn my mom's 24k gold chain necklace since its an emergency and I need to pay something. They carefully checked the necklace if its a real gold or not and the in-charge asked me how much money I need and I said its a huge amount, I need $450.00 and I was surprised when they told me that I can raise up the amount that I need like around $770.00. I told them its enough because I might not able to redeem it. I was thinking that this chain necklace has a very huge value since they even raise the amount. This 24k necklace has a 75% of its gold content value and I found out online that 31.2 grams of 24K gold is worth US$1242. Now that's a huge value indeed!

This certain pawnshop has been my trusted pawnshop every time I pawn an item to them. I usually pawn my mobile phone before when I need some money badly. They also offer a huge amount and the good thing about them is it will take 3 months for you to settle and pay your pawned item. You just have to renew it monthly to avoid the surcharge fee. They even accept partial payments that's why I find it easier to pay my pawned necklace soon.

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