Find The Right Buyer For Your Gold

Almost every human on this planet loves the metal Gold. This precious metal got discovered in 1848, and since then, humans are finding its uses.

The uses of this precious metal include its use in currency by making Gold Coins, as a fashion accessory by making jewellery, in the field of science, technology and medicine. In India, the most common use of this metal is jewellery making.

Not only as an ornament to enhance beauty, but it is also a great investment option without investing much. The buyer can invest a small amount of money in this metal without putting much at stake.

The buyer can always sell off the product and get the money in a situation of a financial crisis. There are other investment options available in the market as well like real estate, stock market, money market, and others. But the flexibility of gold investment is what attracts the buyers.

Indians are also somewhat superstitious with this yellow metal and don’t let go of their precious jewellery pieces easily. Still, in unfortunate situations, we have to sell them, keeping aside the emotional value.

In such conditions, we must search for a genuine buyer to Sell Gold and get the best value of it. To find such a buyer, we must consider some vital points, as mentioned.

Research Yourself First

The jewellery shops have a process of evaluating the jewellery considering factors like the purity of the metal used, the weight of the jewellery, how old it is and others.

But a seller before finding a buyer should first estimate the price he can get. He should be aware of the current market price, which is readily available in any trustworthy website or newspaper.

The Purity Factor

Purer is the metal; greater is the resale value. Reselling gold works on this policy where 24 karats is considered as the purest followed by 22 karats, 18 karats and 14 karats. The BIS hallmark marks purity.

The Bureau of Indian Standards or BIS hallmarking certifies that the particular jewellery piece obeys with the standards implied by the earlier mentioned national standards body. If a piece of jewellery is hallmarked, then it becomes much easier to find a Gold Buyer for it rather than a piece without hallmarking.

Keep the Invoice with Yourself

Always have the original invoice copy (if you have one) with the product while finding a buyer. It helps to identify the owner of the goods, to see if the product is hallmarked and also helps in case of any discrepancy. Also, carry other documents related to the product, if any.

Do Not Rush

Finding the right buyer can be difficult sometimes if a place does not have many shops. Although there are plenty of Gold Buyers in Delhi NCR and other metro cities and towns who make the process easier for the seller.

But still, one should always visit more than one shop to get the best deal. This process can be time-consuming and tiring, but to get the best results, one should wait and not hurry. The prices offered by the buyer to the seller will vary from one city to another and even from one shop to another.

To solve this problem, the seller should do a bit of research about the shop’s reputation and look up to reviews to find the correct buyer.

Which Buyer to Choose from the Lot?

Now there are plenty of buyers in the market with some ready to cheat the seller no matter what. So, it is advisable to go for the trusted ones who are in the business for a long time.

Although there are many good small shops, nowadays people are attracted to big names and franchisees who have their branches all over India. It depends upon the seller to choose the correct buyer keeping in mind, the consequences.

Detailed Statement of the Seller’s Gold

In jewellery making, 22 karats or 18 karats is used along with some impurities to make the jewellery sturdy. So, when selling the gold jewellery, the buyer melts it down, deducts the weight of the impurities and other metals or stones and then measures the weight of the melted gold.

This process is to be documented by the buyer where all the above said details get recorded. It ensures in protecting the seller from any cheating by the buyer.

The Significance of Offline Market

Almost every commodity is now available in the online market for the convenience of both buyers and sellers but, gold jewellery is one such item which is best to sell and buy in the offline market.

The seller and buyer both can have a close look at the jewellery while it gets melted down, and this ensures the safety of the item and no one gets cheated.

Considering all these points and being aware will help the seller find the perfect Gold Buyer for their gold while getting the best value deal.