Things To Remember Before Selling Gold

In India it is very often to see people selling gold in return getting cash for it. In most of the cases, when a person sells gold, they tend to expect somewhat the exact amount of cash. But what happens is they are paid much lower than what they expected. In order to avoid any more disappointment when you head out to sell gold in Bangalore, follow these steps: 1. Provide your Invoice: A good gold buyer will ask for your invoice when you reach their store to sell your gold jewellery. When you furnish your invoice to a gold buyer, you are actually providing the proof of ownership. The invoice also contains details regarding the purity of your gold. 2. Check the Worth of Gold: It is very important to know what the price of gold is on the particular day when you are heading out to sell it. Many gold buyers take this unfamiliarity with the prices as a reason to trick you. 3. Check Purity Before you are about to sell gold, check for the hallmark stamp on your gold. This shows the purity of your gold. There are different prices for each purity of gold. In case your gold is not hallmarked, then take it to a store which has a carat metre. They will find the purity of your gold and then you can sell your gold right away. But know that you will be only paid for the amount of gold that is available. The remaining weight apart from the gold is disposed of. 4. Final Price The final price will be only that of what your gold weighs multiplied with the prevailing market prices of gold. From this final price, the gold buyer will deduct a small percentage of the money towards gold melting. Finally, in the process you will lose out on the making charges or the labour charges and the taxes you paid at the time of the purchase. 5. Where to sell Only a genuine gold buyer will help you with selling your gold at the right price. You could also sell gold at the same store but they would only accept the gold ornaments you bought from there, regardless of whether you have an invoice or not.