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Most commercial banks do not purchase physical gold bars from the general public. Banks are financial institutions that primarily deal in currency, credit, and digital ledger assets; they are rarely equipped to appraise, store, or verify the purity of physical precious metals. If you are looking to sell a gold bar, your best options are reputable precious metals dealers, coin shops, or specialized refiners who have the expertise to test the metal's authenticity and offer a fair market price based on the current spot price of gold. When selling, you should always bring documentation, such as the original assay certificate or purchase receipt, as this can increase your confidence in the transaction and help the dealer verify the bar’s authenticity more quickly and accurately.
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