Keep these precautions in mind while buying gold, otherwise you may suffer a big loss.
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Buy only hallmarked jewelery
Gold Buying Tips: Whenever you buy gold, buy hallmarked gold. The purity of the jewelery which is hallmarked can be ensured. Gold comes with purity of 18 carat, 22 carat and 24 carat. According to its purity, the rate is also charged.
Negotiate on making charges
Gold Buying Tips: While purchasing gold, definitely negotiate about the making charges of the jewellery. This is because most of the jewelers give a little discount in the making charge after bargaining. In a rough way, we can understand that the making charge is about 30 percent of the cost of the jewellery. The jeweler benefits from this.
Be sure to check the weight of gold
Gold is an expensive metal. In such a situation, take special care of its weight while purchasing it. Even a slight variation in weight can result in a big difference in price. The jeweler will benefit from this. But you may have to suffer loss.
gold certification
When you are buying gold, you can ask for a certificate from the jeweler to guarantee the quality of the jewellery. However, this is not required in hallmark jewellery. If there is any kind of stone work in the gold jewellery. So you can ask for its carat and purity card.
Shop as per your budget
How much of your money do you want to invest in silver and gold? This is another common question that you need to pay attention to before proceeding with the investment. Investing in silver and gold is not cheap, so consider their advantages and disadvantages before buying them. Never invest so much money in gold that you have to face financial problems for it.
You can keep gold in bank locker
Most people do not wear gold jewelery every day. Sometimes you wear gold jewelery when you go to a wedding or party. In such a situation, the biggest problem arises in keeping the gold jewellery. The best solution for this is to keep your jewelery in a bank locker.
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