Gold jewellery is one of the most important parts of anyone’s wardrobe. Exchanging gold is something that is done by most people. The exchange could be for various reasons such as outdated jewellery or you want to buy a different piece of jewellery in place of what you already have. Exchanging is a great idea when you don’t want to lose the value of the gold you have at hand and buy the latest designs as well. However, it is not a very easy task. Here are some quick tips you want to remember when you decide to exchange your gold jewellery.
A gold ornament, in general, is tested based on factors such as caratage, weight and design. Gold is mixed with other metals, most of the time for the purpose of increasing shelf life and also strength. Hence you see different carats in the market such as 18K, 22K or 24K gold. Higher the carat, higher is the purity. So, 24K gold is the purest form of gold. Let us understand what the factors to be considered before exchanging gold are:
Hallmark Stamp
Whenever you buy gold jewellery, new or exchanging your old gold for a new one, make sure that you check for the hallmark which is an indication that the gold you are buying is pure. It is mandatory as per Indian Law to have the hallmark stamping on jewellery pieces. This ensures that there is no hassle while buying and selling gold.
Gold Rate
Before buying gold, it is a good idea to keep tabs on the gold rate for a week and decide on when to buy them. Gold rate varies on a daily basis and monitoring a trend will help in understanding when the rates might be slightly lesser and make the most of your money. Almost all of the well-known jewellery stores have an online presence where they display the gold rates. So buying that favourite necklace from loads of designs of gold necklace is not a difficult task and you could save money too.
Leave out Stones or Embellishments
When you are planning to exchange jewellery, make sure that you choose pieces that do not have any stones or other embellishments. Most of the time, before exchanging your old jewellery, the embellishments are removed and there is no way your jewellery can be restored back to its old charm after that. If it is only gold, there is not much damage to the jewellery piece and in case you decide not to exchange you could continue to use it too.
Save the invoices
Even if you are buying locket for a girl make sure to save the invoice. It can be produced as proof when you exchange to check its weight and prove its authenticity. Also, it can help you compare how much price you are getting for your exchange against the actual buying price. Also, you can check if the jeweller you are buying from has a purity meter to check the gold so that you get most of your exchange gold.
Choose your Jeweller Wisely
When you are planning to exchange your gold, it is important to choose a jewellery who can give you pure gold and also have many designs and jewellery types for you to choose from. Visiting a reputed jeweller can help you save the trouble and also buy what you like. Surely you want to get the latest designs only for yourself.
Exchanging gold is a smart idea to buy the latest jewellery and at the same time not burn a hole in your pocket. By keeping in mind the points discussed above, you can be sure that there are no hassles while exchanging your gold. Also make sure that you decide what kind of jewellery you want to buy in advance to save some time when you go there.
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