How does pawnbroking work?

Pretty simple. You bring something in, we have a look, and we make you an offer. If you're happy with it, you walk out with cash. Your item stays safe with us until you pay back the loan plus a bit of interest. When you're ready, come pick it up.

Do I need to book an appointment?

Nah, just walk in. We're here Monday to Friday 8:30 to 5:30, and Saturday 10 to 3. Bring your item and some ID and we'll sort you out.

How quick can I get cash?

Same day. Usually within about 15 minutes once we've valued your item. No paperwork dramas, no waiting around.

Do you run credit checks?

No. We don't check your credit, we don't care about your other loans. The loan is secured against your item, not your credit score. That's the whole point of pawnbroking.

What if I can't pay back the loan on time?

Give us a ring and we'll work something out. We'd much rather help you get your stuff back than make things harder for you. We've been doing this for 30 years, we've seen it all.

How do you decide what something is worth?

We look at what it's actually worth on the market right now. For gold, we use the live spot price. For everything else, we check condition, brand, and current resale value. We'll show you exactly how we got to the number.

Gold, jewellery, watches, designer bags, electronics, musical instruments, power tools, and more. If you're not sure, just bring it in. We'll have a look and let you know. No charge for that.

Is it free to get a valuation?

Yep, always free. Come in, we'll tell you what we think it's worth, and you can decide from there. No pressure, no obligation.

222 Burwood Road, Burwood. Right on the main strip. We've been in the same spot since '95. Easy parking out front.

Do you buy gold outright?

We do. Gold jewellery, coins, bullion, scrap gold, silver, platinum. We pay based on the live market rate and you get cash on the spot. Free valuation, no obligation.

Is my stuff safe with you?

Absolutely. Everything is stored securely and insured. We've been looking after people's valuables for over 30 years. Your items are in good hands.

Can I buy items from you?

Check out our eBay store for what we've got available. We list quality items at fair prices. Gold, jewellery, watches, bags, electronics, you name it.

Gold4 min read10 March 2026

How much is my gold worth? A guide for Sydneysiders

Name: Aussie Loan Office
Address: 222 Burwood Rd, Burwood, NSW, 2134, AU
Telephone: 02 9715 7200
Price range: $$
Rating: 4.9

If you have got gold sitting in a drawer and you are wondering what it is worth, here is how to work it out.

What affects the price

Three things determine what your gold is worth: purity (karat), weight, and today's market price.

Purity is measured in karats. 24k is pure gold. 18k is 75% gold. 14k is 58.5% gold. 9k is 37.5% gold. Most jewellery in Australia is 9k or 18k.

Weight is measured in grams. The heavier your piece, the more gold it contains, the more it is worth.

Market price changes daily. Gold is traded globally and the price moves with supply, demand, and the economy. You can check the live gold price on any financial site.

How to estimate the value

Here is a rough guide. Take the weight in grams, multiply by the purity percentage, then multiply by the current gold price per gram.

For example: a 10-gram 18k chain. That is 10 x 0.75 = 7.5 grams of pure gold. If gold is $100 per gram, that is $750 worth of gold content.

A dealer will typically offer 70 to 90 percent of that amount, depending on the piece and the business.

What we do at Aussie Loan Office

We test purity using professional methods, weigh your gold on calibrated scales, and check the live spot price. You can watch the whole process. We base our offer on that data, not guesswork.

No appointment needed. Walk in, get a free valuation, and decide on the spot. No pressure either way.

Got questions?

Give us a ring on 02 9715 7200or pop into the shop. We're happy to help.

Get Directions→ Visit Us Today Call Now• 02 9715 7200

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