A Complete Guide to Buying Gold Jewellery

Gold shopping in India is never purely gold shopping; it's always an investment. Whether you're buying gold for your wedding trousseau or as an investment, knowing your gold jewellery helps a lot in buying your gold.

Understanding Gold Purity and Hallmarking

Think of gold purity as the foundation of your investment. Just as you wouldn't build a house without checking its foundation, you shouldn't invest in gold without understanding its purity. In India, 22K and 24K gold reign supreme, but what do these numbers really mean?

When you hold a piece of gold jewellery, you're actually holding a carefully crafted alloy. Pure 24K gold is too soft for everyday wear, so jewellers mix it with other metals to create durable pieces. This is where hallmarking becomes your best friend—it's like a quality certificate that tells you exactly what you're buying.

Look for four essential marks:

• The BIS hallmark, your guarantee of authenticity

• The purity in Karats (KT)

• The assay centre's mark

• The jeweller's identification mark

Pricing and Manufacturing Charges

Ever questioned why gold prices dance to their own tune? This is because they fluctuate every day depending on world markets. Still, there is more to the price than just the rate of gold.

When you are preparing for your gold purchase, However, key points should be taken into account, including:

1. Current Market Rate: The price of gold per gram does change during the day, so it is advisable to keep track of the price for some time before buying. It may change significantly due to market conditions.

2. Making Charges: These charges represent the craftsmanship that goes into making the piece of jewelry and can be quite varied. The making charges are usually between 6% and 25% of the value of the gold, depending on the complexity and the intricacy in the design you choose. More elaborate designs will often command higher charges.

3. Taxes: Also, keep in mind to add GST and other taxes if applicable. They can significantly influence the selling price, and they are better figured out beforehand.

Smart Shopping Tips

Shopping for gold jewellery is an art in itself. Here's how to become a savvy buyer:

• Compare prices across reputable jewellers, just as you would for any significant investment

• Watch the weighing process carefully, especially before and after stone setting

• Insist on detailed billing that breaks down every charge

• Understand the buyback policy – it's your safety net for the future

• Always get a certificate of authenticity – consider it your gold's identity card

When to Consider Selling Gold

Your gold jewellery isn't just an accessory; it's a financial asset that can come to your rescue when needed. If you're considering selling gold in Mohali, keep these factors in mind:

• Track market rates to time your sale well

• Maintain your original purchase documentation

• Keep your jewellery in good condition

• Preserve the hallmark certification

What to Avoid

In the glittering world of gold, all that shimmers isn't necessarily worth your money. Stay away from:

• Non-hallmarked jewellery, no matter how attractive the price

• Deals that seem too good to be true

• Stores without proper certification

• Hidden charges that suddenly appear on the billing

Ready to make your golden investment? Visit Jewel House for Sell or Cash for Gold Near Mohali, where tradition meets trust. Our trained professionals will assist you throughout the entire purchase process. Remember that buying gold jewellery is not just buying. It's investing in your future and continuing our great cultural tradition. Whatever you choose, make your gold speak for itself.