Indians are known for a variety of things around the world, including food, vibrant lifestyle, hospitality, dancing, Bollywood and so on. Many are unaware that Indians have a fondness for the gleaming things in life – Gold Jewellery. The situation is such that Indians are among the top gold consumers in the world. We should all be aware about this national treasure that we possess and need to preserve it in every possible way!
Indians have for centuries been celebrating festivals with gold. A celebration in India without this precious metal is dreary and lifeless, while adding gold to our festivals adds radiance and sparkle. Buying gold has been an important part of Indian tradition and continues to be today.
What to Consider Before you Buy Gold Jewellery?
Indians love to flaunt gold jewellery and make it a part of their daily attire. We’re not only stylish and fashionable, we have a sophisticated flair for the gold. Dressing up makes us feel confident, and jewellery literally creates a beautiful impression on others. Indians are known for their spicy fashion sense, and gold jewellery is the ideal accent that blends with everything else we wear.
Gold is beautiful and has many of the same properties as silver. It’s heavier than lead so it clings to its true value just as much as your dreams do. Once you have received your settlement, you have to make sure that you are not falling for a scam.
Check Today’s Gold Rate in Your City
Just as ornament gold rate today change depending on where you are in the world, each city has different taxes and levies on gold imports. As a result, gold prices can vary dramatically from one city to another.
Understand Gold Purity
Gold purity is measured in karats and when it comes to pure gold, 24 karats is the minimum quality you should be looking for. 14-karat gold contains 58% pure gold and is suitable for jewellery use, while 18-carat gold contains 75% pure gold, which is primarily used in fine jewelry industry. 22-karat grade is 92% pure, but most jewellery industries tend to go with 14 – 18 carat gold because they appreciate the value of their products
Gold purchases are at their highest during specific times of the year. To get to the best prices, you will want to buy your jewellery during the off-season when prices are lower and discounts are plentiful.
The Correct Color
One of the biggest mistakes people make when buying jewellery is paying a lot for gold. The price of white, yellow and rose gold don’t vary much – and they’re all the same price! So, regardless of the colour of your gold jewellery, you should never pay more.
Examine the Resale or Exchange Value
Gold jewellery is a long-term investment rather than a one-time buy. You must figure out things like how much your jewellery will sell for if you ever decide to sell it and whether the jeweller will buy it back or exchange it at a later date. Gold rates are currently low, allowing you to save money on wastage and craftsmanship costs. This is still a terrific offer, but you should verify with the jeweller ahead of time to see if he will buy back or exchange the jewellery at a later date
If you have been trying to buy gold jewellery from your local jeweller, you might have noticed a slight discrepancy in the prices being quoted. This is because the BIS’s assaying lab has stamped the purity level of the jewellery on it, and the merchant isn’t allowed to change the purity level on the products he sells. You can easily check if the purity level of your gold product matches that of what is shown on the jewellers website by searching for “916” and “958” online.
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