It's been a long time since Indians are dealing with gold for financial needs. As the nationwide lockdown is loosening up, people are in dire need of cash. The sudden fall of the economy is making us realize how beneficial it is to invest in gold. Gold prices are running high and at its highest since 2013. If you have jewellry made of this precious metal, you might think of selling gold, keeping the high prices in mind.
How Your Gold Is Valued?
One of the basic concepts that are important while evaluating the value of your gold is the purity and the weight of your gold jewellery. The higher the karats, the more of the pure gold it contains. For example, if your gold is 24 karats, then it contains 100% pure gold .14 karats, and 18karats gold is calculated as 58.33% and 75% pure gold respectively.
In the other hand, 12K means 50% pure gold and 10K results in 41.7% pure gold. Or if your jewellery has 916 hallmarks, then it has 91.6% gold. Do your research about the purity of your precious jewellery.
There is more than one way to measure your gold jewellery's purity. There is KARATMETER which measures purity. Some prefer Acid-test too. The other thing to remember is the weight of your gold in grams. Most of the buyers will sort your gold by karats. Then they will weigh your old gold and then decide its value depending on the purity, and it's the weight. Gold Buyers In Gurgaon are known to be credible in this aspect.
Market Price For Gold
One should check on the market price before they go out and sell their jewellery. Gold is almost like shares or stocks. No one knows when the prices will go up and when it will go down, so it isn't easy to keep track of the prices. Best way to cope up with this is to keep an idea about the market itself. Research about the market's recent year's behavior as it helps you to determine a good time to sell your precious metal for maximum return of cash.
Think Logically Before Selling
Do not keep your expectation high as the sky when selling your old gold items. You can check about the Gold Buyers In Delhi NCR. It is very rare to get almost an exact rate as of the market price. Converting your metal into a raw gold material takes effort and a big amount of money. This factor contributes to the fact of not getting the same price as the market. If it is the exterior part of your jewellery that is 24karats and not the whole item, then it is advised to keep your calculations in the head.
You Want To Sell It But Where?
Wanting to sell your precious jewellery but not finding any source can be quite frustrating. There are many ways you can sell your gold. It is observed that if you do not research about the market, you are selling in, and sell your gold just for the sake of selling; the probability is that you will get less money for your gold and suffer loss.
So observe the market for some time for a better outcome. In today's scenario where dishonesty and competition are flooding the market, it is wise to go for reputed and trusted gold buyers in Noida Delhi-NCR rather than to a local pawn shop. Carry your bill of purchase when you go out to sell because it supports the credibility of your gold and prevents the buyer from making any wrong accusation.
Every buyer does not offer the same prices so keep that in mind before going out in the market. It is always beneficial to ask questions when selling it. For example, you can ask how the price of your gold is determined or how they check or verify the item. You can sell it online too but make sure the Gold Buyers are legitimate. Ask for the documentation or verifications if necessary.
Conclusion
In the end, it will be great if you have knowledge about the process of dealing with gold-related transactions. So read reviews, do your research online about the second hand jewelry buyers.
