Process Before Selling Gold

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Process Before Selling Gold

In India, where to sell gold for cash near me, we have a lot of options available to buy any ornaments and same for pledging our gold, but when the situation arises to sell your scraps for any reason, maybe to fund your children fee, buy a new flat/plot or for buying new ornaments the options are very minimal and are not transparent.

Banks sell the bullion, bars, or coins to individuals, but they never buyback. So people have no choice but to sell their gold to the craftsmen or jewel smith. They take advantage of the situation and deduct the hefty amount as wastage charge, melting charge, etc. from customers and pay a maximum of 60-65% of the gold value, which is not worth customers.

We observe that money encashed on selling gold leads to disappointment if you do not research the following things properly before selling.

Essential Steps Before Selling Your Gold

invoice bill

PURCHASE BILL (INVOICE)

A genuine jeweler always asks you to produce the original bill while selling the gold. It helps you avoid conflict of interest as they mention purity in the bill. The Gold Buyers can’t deny as the details of purchased gold would be clearly stated in the original invoice.

worth of gold

Worth of Gold

Your gold is worth more today than yesterday. If you want to sell in the form of coin or jewelry, there is probably a no better time than now. However, you must be very cautious when choosing a company to determine its value. So Visit nearby Kashika gold buyers to sell or release pledged gold for instant cash.

check purity

Check Purity

Check whether your ornaments hallmarked as the only gold bar and coin come in 24 carats. Ornaments come in 22 carats or less purity. If your ornaments are 916 hallmarked, then it is confirmed that your ornaments has 91.6% gold, and the rest is mixed with alloy to make the ornaments. If the ornaments, bullion has no hallmark, then Gold Buyers can manipulate you for low purity; to avoid these embarrassments, you can visit any store which has a purity checking carat meter machine to get a purity certificate.

confirm the final gold price

Confirm the Final Gold Price

Jewelers use many methods to check gold purity like the acid test, electrical conductivity test, or XRF test. In the first two tests, there are high chances that you may lose some percentage of gold in checking the purity. Some jewelers also melt the ornaments and filter the gold to determine purity and weight. Still, again, it is a loss if you are not happy with your melted gold’s purity and weight. You need to visit a store that uses XRF technology to check purity as it gives accurate purity without losing a single gram of your jewels.

sell the gold

Sell the Gold

The best option to sell your gold jewelry for Gold Buyers who checks the purity of ornaments through the XRF machine and offers the highest rate among all you have enquired before selling it. Selling used or unwanted ornaments is easy, convenient, and quick way to make easy and hassle-free cash to get rid of financial crunches. In India, we have seen it that selling gold in economic trouble for cash is a common practice than encash other investments.

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