Dhanteras 2023Buying gold on Dhanteras is an important tradition in many Indian families. Gold is often considered a safe investment. Many people consider Dhanteras as a good time to invest in gold. Be it in the form of jewelry, coins or bars. It is considered an asset that can be easily converted into cash when the time comes. To enjoy the process of buying gold in Dhanteras, you need to keep some rules and tips in mind. So that, you don’t get cheated by any jeweller.
Things to keep in mind while buying gold
Buy Certified Gold: Buy only gold that is certified by the Bureau of Indian Standards (BIS). It determines whether the claims made about the purity and clarity of the gold are correct. The BIS hallmark will contain purity code, testing lab mark, jeweler’s sign and year. Always buy hallmarked gold. Hallmark guarantees the purity of gold. It guarantees the quality of gold.
Check accuracy: The purity of gold is measured in karats, with 24 karat gold being the purest. Common purity levels of gold in India are 24, 22 and 18 Choose the right purity level for you and your budget. Gold is measured in carats and 24 karat is considered pure gold. Generally 22 carat and 18 carat gold are used for jewellery. Make sure the carat of the gold you buy is correct.
Price Comparison: Gold prices vary from jeweler to dealer. Compare prices from other jewelers before buying. You can also check gold rates online. Be aware of current market rates of gold. Prices can fluctuate, so check rates before buying.
Note the making charges: Jewelers charge making charges for converting gold into jewellery. The making charges may vary depending on the design of the jewellery. Ask about upfront charges and compare them with different jewellers.
Know the buy-back policy: Before shopping, understand the jeweller’s buy-back policy. This will tell you how much you will get back if you sell the gold to a jeweler in the future.
Buy from reputed jewellers: Buy gold from reputed and established jewellers. It determines the quality and authenticity of the metal. Reputable jewelers only take back their jewellery.
Discounts and rebates: Many jewelers offer discounts during the festive season. Take care about proper use of your money.