Gold Buying Tips
A few general points worth considering before you buy gold jewellery.
Buying gold jewellery is often a meaningful purchase, whether for a wedding, a gift or simply a long-term saving. A few simple checks can help you buy with more confidence.
Check the Hallmark
Look for BIS hallmarking on the piece, which indicates that its purity has been certified rather than simply stated by the seller.
Ask About Making Charges
Making charges can vary noticeably between designs and jewellers, so it is worth asking how they are calculated and whether they are a fixed amount or a percentage of the gold value.
Compare the Day's Gold Rate
Gold rates change daily, so check the rate being applied to your purchase against the prevailing rate, so you understand exactly what you are being charged for.
Get Billing Details in Writing
A proper bill should clearly separate the gold weight, purity, rate, making charges and any other costs — keep this documentation, as it can also help later if you decide to sell or exchange the item.
A little clarity before you buy — on purity, rate and charges — goes a long way toward a confident purchase.
Buying With Confidence
None of these checks take long, but together they help ensure you understand exactly what you are paying for when you buy gold jewellery.
