Sell Your Gold At The Best Price
Gold has always remain a great way of
investment in our country. It is more likely that people have faith in
purchasing gold in any form, be it jewellery or ornaments or gold bricks than
investing money in the banks or stock market. Many people used to have more
trust on the banking systems but after the collapse after 2008, it has been
observed that people in general have more stepped up to make investment in the
form of gold as with gold comes no extra barriers. It is always a profitable
deal to buy gold since its price won’t be influenced by the external factors
like inflation and deflation, currency and stock market.
Now coming to the more important
aspect here. It is a great idea of converting your gold into money when the
need arises but you must do your little homework before you go on with the
plan. The reason behind this is that you cannot just wake up one good day and
walk out in some jewellery shop carrying your gold for exchange.
You have all rights to do that but there is a high chance that you may not get the accurate price for the quantity of gold you just sold since there are a lot of variations observed and different shops tend you offer you a different amount. Not just that, the even worse part is there are many a times fraudulent practices involved if you have not researched things properly.
You have all rights to do that but there is a high chance that you may not get the accurate price for the quantity of gold you just sold since there are a lot of variations observed and different shops tend you offer you a different amount. Not just that, the even worse part is there are many a times fraudulent practices involved if you have not researched things properly.
It is therefore a mandatory thing to
check on certain things beforehand so that you do not become the victim of
something you never planned to. First of all, there is no such standard set by
norms how much you will get in return for your old jewels, so the best practice
is to make a list of good jewellery shops and visit them all once to get a fair
idea of how much your gold is worth for.
A good way to test whether the jeweller is authentic and good or not is that if they ask you to present the original bill. If you have your bills in place, there is nothing which can later on come as a problem specially if you are selling back gold to the same shop from you have purchased them.
A good way to test whether the jeweller is authentic and good or not is that if they ask you to present the original bill. If you have your bills in place, there is nothing which can later on come as a problem specially if you are selling back gold to the same shop from you have purchased them.
One important practice to follow
whenever you are purchasing gold is the hallmark of purity. If your gold does
not contain that hallmark, there is huge opportunity for the jewellers to
manipulate you and make you believe that your good is of poor quality.
Another thing to keep in mind is that you must check everything and confirm the price for your gold beforehand as the jewellers tend to use different methods for checking the purity of the gold like the acid test and the electric conductivity test. Sometimes they melt the gold as a procedure of the test without letting you have an idea of it. Later on they pay you a lower price turning your dissatisfaction on.
Another thing to keep in mind is that you must check everything and confirm the price for your gold beforehand as the jewellers tend to use different methods for checking the purity of the gold like the acid test and the electric conductivity test. Sometimes they melt the gold as a procedure of the test without letting you have an idea of it. Later on they pay you a lower price turning your dissatisfaction on.
Therefore, it is important to
understand that the outside world is not supposed to be as honest and fair as
you are. You always need to complete the checks from your end keeping your
guards on or you never know when your great investment will incur you a loss.
But with a little care and concern, you can always earn a good amount of money selling your gold as no matter what, gold will remain a great way of investment.
