Gold jewellery is considered one of the wisest investments because it serves a dual purpose. First, you can wear gold jewellery on special occasions to elevate your looks; second, you can sell it at a future date when gold prices go up. In India, there is one additional reason behind buying gold jewellery: the auspicious significance attached to it. Many believe buying gold jewellery can usher in good luck, happiness, and prosperity.
It is the main reason why the sale of gold jewellery reaches its maximum during the wedding and festive season. With so much significance attached to gold jewellery, would you rather randomly purchase any jewellery or be wise with your investment? If you want to make informed and smart buying decisions, this article is for you. We have covered some crucial points every buyer should consider while buying gold jewellery. So let’s quickly explore the points discussed below.
- Understand Gold Purity
Whether you plan to buy gold bangles or necklaces, you should always ask about gold purity. It is measured in karats, and the information is often displayed with the product details. For the uninitiated, every Karat of gold is equivalent to approximately 4.2% of pure gold. So gold jewellery that are advertised as 24 Karat gold jewellery are the one having 99.9% pure gold in it. 22 Karat gold jewellery have approximately 92% pure gold, and 18 Karat gold jewellery has approximately 75% pure gold. The lower the Karat, the lower will be the price. Now that you understand what gold purity is, don’t forget to check it even when buying daily wear bangle designs.
- Check the Gold Weight
If you prefer buying all-gold jewellery, you should always check the total gold weight as it determines the price of the jewellery. While other materials used and craftsmanship is also important, they don’t influence the price much in all-gold jewellery. Moreover, the buy-back price is also for the gold content in a jewellery piece. All this makes it essential to check the gold weight because it can be later used to your advantage. When buying gold jewellery, ask the jeweller to share the weight breakup of all components used. It will help you make better buying decisions.
- Compare Making Charges
In simple terms, the making charges refer to the labor cost involved in making a particular piece of jewellery. Making charges are generally calculated per gram gold basis, but this can differ for different jewellers. It is best to clarify details around making charges while buying the gold jewellery. The making charges for machine-made designs are lower than hand-made jewellery, so it is advisable to ask about the origin of the jewellery you’re planning to buy. If you want to buy gold earrings, buy them from a reliable jeweller known for charging nominal making charges. You can explore the latest daily wear gold earrings in Melorra as the making charges are lower than most, and you get premium designs and quality at the best price.
- Enquire About Buy Back Policies
Many jewellers now offer a buy back policy on their sold gold jewellery. It can be an excellent option for those who prefer selling their gold jewellery after a few years to benefit from capital appreciation. Even if trends change, gold is one metal whose value rarely goes down. If you want to buy gold jewellery, look for jewellers offering buy back options. You can benefit greatly from it.
Make the Most from Your Gold Jewellery Purchase
Many people prefer buying gold jewellery over other because of its perceived value and cultural significance. If you want to ensure you’re making the right purchase, always keep the aforementioned points in mind. It will help you make the right and safe purchase.