Diwali 2023: Gold Buying Tips in Dhanteras are associated with Indian customs. Many see buying gold during the festival (Diwali 2023) as a safe investment. Many Indians like to buy jewellery, coins or gold bars during Dhanteras. It is a resource that comes in very handy in times of need.
Here are some important things to keep in mind while buying gold:
Buy Certified Gold: Buy gold certified by Bureau of Indian Standards (BIS) only. It ensures purity and quality of gold. The BIS Hallmark will contain Purity Code, Test Center Mark, Jeweller’s Mark and Year of Marking. Always buy hallmarked gold. Hallmark certification confirms the purity of gold and is a mark of authenticity. It is a guarantee of gold quality.
Check purity: The purity of gold is measured in karats, with 24 karat gold being the purest. Common gold purity levels 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 you know the karat of the gold you are buying.
Compare prices: The price of gold is considered according to jewelers. Compare prices from different jewelers before making a purchase. You can also check gold rates online. Be aware of the current market price of gold. Prices can fluctuate, so it’s essential to know prevailing rates before shopping Check rates in multiple places to make sure you’re getting a fair price
Beware of making charges: Jewelers charge making charges for converting gold into jewellery. The making charges may vary depending on the design and complexity of the jewellery. Ask about the making charges in advance and compare them from different jewellers. Jewelers often charge for the craftsmanship involved in making the jewelry. Be aware of these charges, as they can significantly affect the overall cost.
Understand the buy-back policy: Understand the jeweller’s buy-back policy before making a purchase. 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. This ensures the quality and authenticity of the metal. Reputable jewelers are more likely to provide accurate information about the gold they sell.
Check Discounts and Offers: Many jewelers offer discounts and special promotions during the festive season. Keep an eye on them to get the best value for your money.
Documentation: Make sure you receive an accurate invoice and all necessary documentation for your purchase. Check if it includes things like purity, weight and making charges. This documentation is very important for future transactions or exchanges.
Gold Price Today: Gold price has increased before Dhanteras, know the exact price before booking