Tips for Buying Gold This Festive Season Without Getting Ripped Off

The festival of Diwali is just around the corner and people are gearing up to celebrate the festival with great enthusiasm. While some people prepare to bring home new technologies like vehicles and others on this Dhanteras, others prefer to buy gold and other jewelery products. There are various gold products, such as bars, coins and jewellery. Each of these products has many advantages and disadvantages. While bringing home any of these gold products, it is important to keep in mind the budget and purpose of buying gold. This is an important thing to keep in mind while bringing gold home in this festival, but there are many other points.

Points to keep in mind
Purity Check: While buying gold it is necessary to check its purity. Remember that gold is measured in carats (K). The purest form of gold is available in 24k and jewelry is usually sold in lower carats, such as 22k or 18k.

Hallmarking: Buyers should check for the BIS (Bureau of Indian Standards) hallmark, which is a government certificate that ensures that the gold meets all standards of purity.

Market Price: It is also important to keep yourself updated with the market price of gold, as it changes daily following market conditions and currency exchange rates. Buy gold when the price is low and favorable.

Making Charges: Every jewelery brand imposes a making cost on jewelery products. These charges are not the same at every jewelry shop, as they vary according to the brand and the completeness of the manufacturer. So it becomes important to compare the making charges before buying gold jewellery.

Correct Weight: Always make sure you are getting the correct weight you are paying for. The weight can be verified by a trusted jeweller.

Verifying the identity of the seller: Always buy your gold products from a trusted shop. It is also important to avoid fraud.