Getting rid of your gold coins, gold jewelry, or gold bars at a good rate can be a wise decision. But, fetching the correct resale price is tough. The reason for this can be lack of acquaintance with the method utilized by jewelry experts to assess the precious metal’s pureness.
Since the rates of gold are rising, besides the people who are undergoing economic crises, many folks would like to liquidate their gold possessions for the best deals.
Receiving the correct valuation for the pure gold content is one of the challenges that many people face when reselling this metal. This can be because of the old and inaccurate valuation technique (acid test). This technique can just estimate the pure metal content, leading to an unsatisfactory deal of lower than anticipated value.
In order to accurately find out the pure gold content, a novel technique (X-ray fluorescence technology) is employed. Now you can attain the precise estimation of gold as MMTC-PAMP has brought the technology in the country for making exchange deals for gold exhilarating.
What to Keep In Consideration When Selling Gold?
1. Look for the right gold buyers in west Delhi
You can prefer selling your gold to whom you had bought it in the first place. Some jewelry stores have a policy of buy-back alternatives for the pieces that were sold only by them.
2. Do a comparison
To make sure that you receive a fair value, you can also look at the prices from various jewelers and choose the one that is proposing the best price. But, ensure that you know the paying abilities of the jewelers.
If you have jewelry that has a value of over 10000 INR, then the jeweler can simply pay with a cheque. Therefore, it is necessary to make sure that the jeweler will be able to service the payment mentioned in the cheque.
3. Determine the pureness and carat weight of your gold jewelry
You must always determine the carat weight and pureness of precious metals before putting them on sale. All these details are mentioned on the bill of the jewelry, so you can check them there.
If you do not have the bill or purchase receipt of the jewelry, you must first discover the same, for which you can visit the jewelers who possess a carat meter. To ensure that you receive the precise value, you can consult two or more jewelry experts.
4. Take a glance at the discount value
Bear in mind that you do not receive anything for the making charges and the taxes paid when purchasing the piece. Apart from this, the gems and other metals inserted in the jewelry will get discounted at the time of reselling.
Ensure that the jewelry store isn’t charging a greater discount for the gems and other impurities. For ensuring this, you must determine the weight of the yellow metal and gems individually.
What to Know When Selling Gold Jewelry Online?
Gold can be sold online, but there are a few things that should be kept in mind. Before selling your gold jewelry online, it is ideal to do thorough research and find a genuine buyer. Go through several websites and compare each other based on several factors. Also, you must see that the gold dealers you are looking to sell your gold to are not phony.
Do you own gold jewelry like a gold ring or gold bracelet? Then we are the right place to sell gold and silver in Ghaziabad. Contact us today.