
Ahead of Diwali, demand for metals like gold and silver is at its peak. This increased demand is driving prices of both. If you're planning to buy gold jewelry in the near future, this article can help. Let's explore what you should consider before buying gold jewelry.
What to consider before buying gold jewelry
Making Charges
If you're making gold jewelry, pay special attention to the making charges. Different jewelry shops charge different making charges, which can vary. Lowering the making charges can help you save significantly.
Many jewelers are currently offering investment schemes. Under these schemes, you deposit money for a fixed period. Once the period is over, you can use that money to make your favorite jewelry item. Many shopkeepers don't charge any making charges.
Pay Attention to Hallmarks
First, look for the BIS logo on the jewelry. The BIS mark indicates that the gold jewelry is certified and genuine, and that it is of good quality. This is because BIS is the only organization that issues hallmarks.
Also, check whether the carat of gold you purchased matches the one mentioned on the jewelry.
The jewelry will also have a 6-digit HUID (Hallmark Unique Identification) number. You can use this HUID number to check whether the hallmark is genuine or fake.
Also check carat
Carat Gold Mixture
24 carat 99.90%
22 carat 91.60%
18 carat 75%
14 carat 58.30%
12 carat 50%
10 carat 41.70%
9 carat 37.50%
Also, the carat of gold you are buying should be mentioned on both the jewelry and the bill. Carat tells you how much gold and other metals are mixed in your gold. In the table below, we explain how much gold is mixed in each carat.
Buy-Back Policy
Also, check whether the jeweler will deduct making charges when selling. Many jewelers deduct making charges when selling gold.
Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
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