Selling gold is a quite common practice within the nation, however, ‘how to get better price when selling gold’ is the important question which remains in everyone’s mind as people generally tend to transform their gold into cash in emergency situations. Indian markets offer various options to buy and sell ornaments. But sometimes the goldsmiths or craftsmen took advantage of the innocent customer. They deduct huge amounts in the name of melting charges, wastage charges, and so on. If you want to play safe then you should follow the below-given tips to get the most out of your gold:
- First, you should know the quantity of your gold, for that you need to evaluate your gold
- Check the purity of gold. There are many ways through which you can check purity for example electric conductivity test, acid test, etc.
- Do lots of research to find generous gold buyers. Visit their websites and check their reviews on social media platforms, Google, etc, to know whether they are trustworthy or not.
- Compare price of different gold buyers.
- Once you are done with verifying and selecting gold buyers, call them to know the price they are offering for your gold.
- Ask the seller to offer a reasonable price for the articles you are offering.
- You will come across pawn shops, gold buying companies, and local jewelers around you who will buy your gold. But, it is up to you to decide who you would like to go ahead with. Jewel House Chandigarh, for example, follows a hassle-free procedure that gives you the best price for your articles.
In addition to these steps, you can also check the best time to sell gold. Gold has a tendency to be in more demand when the economic system is in a good position. If you live in an area where there are very few jewelers or are unable to find a good deal for your gold then go online. Try to find websites that have positive public reviews.
BONUS TIP– It is usually recommended to know the buyback terms of your gold from where you are going to buy the gold. It doesn’t matter whether you have purchased the gold from your jeweler, the Stock Holding Corporation of India, a non-banking monetary corporate or on-line. In any of those circumstances, you will need to know the buyback terms. If you’re selling your gold (in any shape) to a jeweler, you’re more likely to get a decreased valuation of it because the jeweler is not going to pay for the making charges and the administrative fees.