Most families buy gold in the hope of getting cash for gold whenever they face a financial constraint. Unless you are stinking rich, it is inevitable that you will face difficult times where your bank account could not manage. This is the time you need to dispose of your gold jewelry and get the required amount of money.
In some cities selling gold has caught up so well these days that people hold parties to sell gold. Sellers and buyers meet in these parties and the exchanges are done under party atmosphere. These parties are so well organized that you need to send an application and register beforehand.
Even if you are not in financial difficulty you have the option to sell your old jewelry and out dated gold watches at these parties and convert them into money. With the realized cash, you have the option to buy new jewelry with more up to date designs.