5 things to consider before selling gold jewellery
It is very common situation in India that whenever there is urgent requirement of cash, people turn to monetize their gold jewellry
posted on 1st June 2017
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When you come across, you will find that it’s very colloquial situation in India that whenever there is urgent requirement of cash, people turn to monetize their gold ornaments. In majority of the situation, it looks like money collected by trading gold is very less than it is expected. There are certain important things you need to look after while gold selling in Bangalore anytime. It will keep you away from being cheated or get deceived.
In order to prevent any compunction, just follow some guidelines prior to trading gold jewellery :-
1) Collect Invoice
A best legal jeweller always inquires for the invoice once you trade for gold ornaments. If you visit to the same shop from where you usually used to buy, if there is any difference regarding pureness, the retailer is not in situation to say something, because the particulars of that is clearly written in invoice.
2) What's it worth?
You must have better knowledge of the value of gold that is to be sold. So, it is essential to ask for quotations from various shops. As there is no standard method to know the sold price, there can be some changes in the quotation acquired.
Visit various gold buyers shops and collect atleast 3 to 4 quotes to compare the worth of the ornaments and go with the maximum price possible for the price you are looking for.
3) Check For Purity Level
Before you sell gold, it’s essential to check for its purity. Karat meter tells about the pureness of gold. The worth of gold is built on the karat system, which a 24-point scale is representing the ratio of gold a piece of metal consists of.
4) Decide the Ultimate Cost
Deciding the final price for gold jewellery is one of the important tasks to consider. Gold buyers in Bangalore who buy used gold from us first of all liquefy the gold in a kiln and then the left gold which is a pure gold, free from some scums is occupied for decoding the actual price. The whole process is carried out at a minimal charge that is to removed from concluding charge of the gold.
Ultimately, this is sure that once you sell your gold you will be losing the entire labour charge you had paid during purchase time including the tax paid. It is observed that sell price of the gold tend to become lesser than the purchase charge by six to seven percent.
5) Where to sell
It is better to sell your gold jewellery to leading gold buyers in Bangalore as it increases the chances of getting fair amount for your gold.
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