Scrap gold market heats up as Kiwis cash in on old bling

The spot gold price is close to record highs. (Image: NZME)

Thu, 22 May 2025

Business is booming for gold exchanges, jewellery stores and auction houses as New Zealanders look to cash in on record metal prices. Though it has dipped slightly in the last 30 days, the gold price is still trading close to record highs.Headquartered in Onehunga, with a network of brokers and partners around the country, NZ Gold Merchants buys and refines gold to make bullion, which it then sells.Managing director Tony Coleman said revenue in the first four months of this year was 80% higher than in the last four months of 2024.&nb...

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