Precaution You Need to take Before Buying Gold

The saying prevention is better than cure, need not necessarily be only for medical situations. The same can be said while doing many other things as well. The saying suits the occasion of purchasing of gold as well. Many customers forget to check tiny details and neglect the safety procedures and then end up being cheated. All over the world gold jewelry and gold in general is given very high regard, especially by women. The precious yellow metal is used to make jewelry and is also treated as an investment, and precaution is a necessity while buying the precious metal, if you are not careful you can be duped into buying fake or impure gold.

In order to know you are not being cheated follow the steps mentioned next slides while making an investment in gold.

Always ensure that your jeweler is a trusted one, or with the e-commerce markets booming, the online portal from where you wish to purchase gold is also a trusted one.

While the jeweler is measuring out the ornaments or gold coins, bars etc, you are purchasing make sure you have your eyes on the scale. Even if the jeweler is using a good scale, and even if he is trusted or new jeweler.

Always look for the best deal the jeweler has to offer to you while buying gold.

All gold will come with BIS Hallmark certification and the number corresponding with it indicates the purity of the gold. Ensure to always buy gold with this certification.

Ensure you always check the purity of the gold you’re purchasing, whether it’s a trusted retailer or not. Ensure you ask about the other metals added and what percentage of each has been added as well.

When purchasing gold always look into the costs of not only the but also the manufacturing and making charges as well. Some jeweler tend to hike the rate of their making charges ending up increasing the rate of the actual ornament, and making it cost more than it’s actual price.

Always check the final billing and the prices mentioned on it, many jewelers have the knack of cheating their customers by adding the net value of the gold to the bill when actually they should charge you the gross value.

Always, always and again always ensure to take a bill as a proof of your purchase so if you ever have any issues, the proof of purchase will ensure an easier clarification with the jeweler.

Check with the store or online portal for any returns and exchange policies and understand them well.

Always make sure that you follow all the precautions and checks while you purchase gold, to ensure that you get the value of the money you have invested.

Thank You

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