Save Yourself From Being Cheated While Buying Gold This Festive Season

When you step out to buy gold jewellery, be wary of getting duped. Check for purity and hallmark besides buy-back policy.

  • Kishori Sud
  • Her Zindagi Editorial
  • Updated - 2018-11-05, 12:11 IST
Are You Investing In Real Gold

With the onset of the festive season including Diwali, Dhanteras and Wedding Season in 2018, when you step out to buy gold jewellery, be wary of getting duped. Check for purity and hallmark besides buy-back policy.

Gold Purity

When it comes to purity, most gold jewellery has markings inside that indicate its Caratage. Pure gold is too soft to use for jewellery. So it is alloyed with a mixture of metals like silver, copper, nickel, and zinc to give it strength and durability. The most common 'Carat' options are 18K, 22K or 24K.

Hallmarkings

hallmarks

Image courtesy:jewelry.lovetoknow.com

All pieces of jewellery are stamped with the specific karat quality, called a hallmark. The hallmark is usually found on the inside part of each piece and will indicate the gold content. Every piece of gold should have a Bureau of Indian Standards (BIS) hallmark.

Buy-Back Policies

Ask the jeweller or salesperson about return policies as to what amount of labour wastage percentage they deduct when you come back to return the piece and if there are some other ways to reinvent the old piece of jewellery and by not selling it off.

Weight

Gold Weight

Image courtesy:thekorn.net

Gold jewellery is usually weighed in grams. The higher the gram weight, the more expensive the piece. Heavier, thicker pieces of gold jewellery also withstand daily wear and tear, especially in rings, bangles, chains and bracelets.

Read More:From Its Rituals To Its Timing, Here Is What You Need To Know About Dhanteras 2018

Certification

The value of your jewellery is determined by the certification it carries. The Indian government has identified BIS as the sole agency for certifying gold. Ensure that the gold jewellery you are purchasing has the BIS hallmark on it.

Certificate Of Authenticity

Certification

If you are buying gold studded with diamonds, having a certificate of authenticity ensures that you are purchasing a quality piece of jewellery. It should also indicate the briefing about the piece you purchase, so every detail regarding the product is given on the authenticity card.

Bills

Retaining a record of purchase is important while buying and selling gold jewellery. The invoice doubles as a record of gold purity. In case of doubt regarding the purity of gold, the retailer cannot contest the case after you produce an invoice. A good jeweller usually demands an invoice when you want to sell gold.

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