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Diwali 2023: Beware Of Buying Fake Gold On Dhanteras! Know These Things

Various festivals hold cultural significance in the country, and one such occasion is Dhanteras, scheduled for Friday, November 10.

Edited By : Pranjal Gupta | Updated: Nov 9, 2023 21:51 IST
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Diwali

Celebrated annually, various festivals hold cultural significance in the country, and one such occasion is Dhanteras, scheduled for Friday, November 10th this year.

Traditionally associated with purchasing auspicious utensils, the day has also become synonymous withg gold acquirin, a practice now extending to online platforms. While numerous apps and websites facilitate digital gold transactions, it is crucial to exercise caution to prevent potential harm.

For those venturing into online gold purchases, here are key considerations:

1. Steer clear of fraudulent apps

Despite the conventional method of purchasing gold from physical stores, the rise of digital platforms offers convenience. However, buyers must be wary of fake apps that can lead to deception. To avoid falling victim to scams, it is advisable to only engage with trusted and reputable apps.

2. Vigilance regarding cashback and offers

As online gold transactions become prevalent, many apps and websites entice buyers with tempting offers and cashback incentives. However, caution is necessary, as these could be potential traps leading to data breaches or fraudulent activities. Users should exercise skepticism and refrain from trusting such alluring offers.

3. Price verification

While the digital realm brings advantages to gold buying, it is essential to assess the current market value of gold and understand the potential returns when selling digitally. Monitoring prices ensures that buyers are well-informed and can make sound decisions, preventing any unforeseen losses.

Embracing these precautions safeguards individuals from the pitfalls of online gold transactions, fostering a secure and beneficial experience during the auspicious festival of Dhanteras.

First published on: Nov 09, 2023 09:51 PM IST

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