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7 important facts that you must know before buying Gold jewellery; take a look

Gold jewellery buying tips: Gold is considered as the safest investment in India. Gold has a deep rooted significance in Indian culture. Gold is more than an investment for Indians, it is traditionally inevitable part of Indian culture which is placed in Indian hearts and homes alike. (Gold jewellery buying tips) Gold Jewellery is the […]

Edited By : Divya Richa | Updated: Mar 20, 2023 16:25 IST
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Things you should keep in mind while buying gold

Gold jewellery buying tips: Gold is considered as the safest investment in India. Gold has a deep rooted significance in Indian culture. Gold is more than an investment for Indians, it is traditionally inevitable part of Indian culture which is placed in Indian hearts and homes alike. (Gold jewellery buying tips)

Gold Jewellery is the most trending and demanding fashion accessory whose shine never be faded away. It is perfect accompaniment for every occasion whether it is birthday parties, wedding, anniversaries and so on. Here are few simple things you should keep in mind while buying gold:

Check the purity of Gold

The gold we found or buy in the market is mixed with some other metals such as copper, nickel, silver, palladium and zinc. The Karats indicate the exact amount of alloying and how pure the gold is. 24 carats are 99.9% pure, 23 carats are 95.6% pure, 22 carats are 91.6% pure, 18 carats are 75.0% pure, 17 carats are 70.8% pure, 14 carats are 58.5% pure, 10 carats are 41.7% pure, 9 carats are 37.5% pure, and 8 carats are 33.3% pure. There are various ways to check the gold purity. The hallmarked gold just ensures the purity of the gold and it is convenient for common gold buyers to buy gold without impurity. So, it is better to stick to the quality hallmarked products.

Making Charges

A making charges is applicable on every gold jewellery as it is the cost of labour which is applied on jewellery in creating it. One could bargain the making charges and could be escape from paying high. The making charges will vary from 5% to 7% on gold jewellery. It is up to you how far you can reduce it. It is advisable to go for fixed making charges.

Hand-made v/s machine made jewellery

it is also informed that making charges on machine made ornaments is ower than the hand-made jewellery. Discussing the origin of a particular piece could save a buyer some hard earned money.

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Check weight

Gold jewellery in India is sold on weight. The weight and price are directly proportional to each other. Heavier the weight higher the price.

Sale

Gold rates are always fluctuating and determined by certain factors. It is advisable to buy gold during off season and when gold rates showing downtrend in market.

Buy backs

In India, there is a trend of exchanging old design jewellery to the new one. Jewellers offer buy back option in which the value of gold remains same.

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Branded store

India has various jewellery stores. Buying gold from small stores could be a risk of fraud as there is high chances to get impure gold or could sell stolen gold ornaments. It is safe to go with the brand and reputed jewellers who provide guarantee on your purchase.

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First published on: Mar 20, 2023 12:18 PM IST

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