Gold Buyers
Selling Process

Gold Buyers

Know Process before

Selling Gold Jewellery

It’s  a common practice in India that people tend to monetize their gold jewellery in dire needs of cash.

In India, we have lot of options available to buy any ornaments and same when it comes to pledge our gold, but when the situation arise to sell your scraps for any reason, may be to fund your children fee, buy a new flat/plot or for buying new ornaments the available options are very limited and are not transparent. Banks sell the gold bullion, bars or coins to individuals but they never buy back from them. So people have no choice but to sell their gold to the craftsmen or jewel smith. They take the advantage of situation and deduct the hefty amount as wastage charge, melting charge, etc from customers and pay maximum 60-65% of gold value which is not worth  for customers.

It is observed that money en-cashed on selling gold leads to disappointment if you do not research following things properly before selling gold

Gold Buyers

A genuine jeweller always asks you to produce the original bill while selling the gold. It helps you to avoid conflict of interest as purity of gold is clearly mentioned in the bill. It is impossible for the Gold Buyers to deny as the details of purchased gold would be clearly stated in the original invoice.

Gold Buyers

Take the quotes of your gold from multiple jewellers before selling. Since there are no proper standardised method to determine the selling price by Gold Buyers. It would be good to take the quote from at least three to four jewellers before disposing off and compare which one is offering the best value for your ornaments.

Gold Buyers

Check whether your ornaments are hallmarked or not as only gold bar and coin comes in 24 carat. Ornaments come in 22 carat or less purity. If your ornaments are 916 hallmarked then it is confirmed that your gold has 91.6% gold and rest is mixed with alloy to make the ornaments. If the gold has no hallmark then Gold Buyers can manipulate you for low purity; to avoid these embarrassment, you can visit any store which has purity checking carat meter machine to get purity certificate.

Gold Buyers

Jewellers use many methods to check the purity of gold like, acid test, electrical conductivity test or XRF test. In first two tests, there are high chances that you may lose some percentage of gold in process of checking the purity. Some jewellers also melt the ornaments and filter the gold to determine the purity and weight but again it is a loss if you are not happy with purity and weight of your melted gold.You need to visit a store which uses XRF technology to check purity as it gives accurate purity without losing a single gram of your jewels.

Gold Buyers

The best option to sell your gold jewellery is the store from where you have purchased it because they will give the rate for same purity at which they have sold.Otherwise you can go to a best gold buyers in Bengaluru , reputed Gold Buyers who checks the purity of ornaments through XRF machine and offers the highest rate among all you have enquired before selling it.

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