Planning To Buy Gold: Here’s are 7 Things To Keep In Mind
Purity
Gold purity is measured in carats (K) or fineness. 24K gold is the purest form (99.9% gold), but it is too soft for jewelry. Most jewelry is made from 14K, 18K, or 22K gold. Look for a hallmarking which is a certification that guarantees the purity of gold.
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Weight
Gold is sold by weight. The making charges, or the fee for crafting the jewelry, is usually a separate charge from the price of the gold itself. Be sure to ask about the weight of the gold and the making charges before you buy.
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Price
Gold prices fluctuate daily. Check the current gold price per gram before you go shopping. You can find this information online or from a reputable jeweler.
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Reputable seller
Buy gold from a reputed jeweler. This will help ensure that you are getting what you pay for.
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Receipt
Always get a receipt for your purchase. The receipt should include the weight of the gold, the purity of the gold, the making charges, and the total price.
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Resale value
Consider how easy it will be to resell the gold before you buy it. Jewelry with a higher gold content will generally have a higher resale value.
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Making charges
The making charges can vary depending on the complexity of the jewelry. If you are on a tight budget, you may want to consider buying a simpler piece of jewelry with lower making charges.
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