Soaring gold price boosts pawnbroker Ramsdens as people clear out their jewellery boxes

Published on: June 4, 2025

By DAILY MAIL CITY & FINANCE REPORTER

Updated: 22:00 BST, 4 June 2025

The price of gold hitting about $3,500 in April has bolstered profits at pawnbroker Ramsdens as people clear out their jewellery boxes.

The chain, which has 169 UK stores, reported a surge in income from its precious metals service and jewellery shop.

Pre-tax profits rose 54 per cent year-on-year to a record £6.1million in the half-year to the end of March.

Total revenue rose 18 per cent to £51.6million with proceeds from precious metals up by nearly a third.

Ramsdens buys unwanted jewellery and then either sells it in stores or to a bullion dealer.

Gold rush: Pawnbroker Ramsdens, which has 169 UK stores, reported a surge in income from its precious metals service and jewellery shop

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Soaring gold price boosts pawnbroker Ramsdens as people clear out their jewellery boxes

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Read more at DailyMail.co.uk

Soaring gold price boosts pawnbroker Ramsdens as people clear out their jewellery boxes