Gold acts as an asset for a long time. In Indian families, gold is a valuable ornament and can help in challenging times. Well, it is now easier for us to get cash for gold than ever before. You will find several gold jewellery buyers everywhere. Before approaching such gold buyers to get cash for gold, know a few things about the selling process to get the maximum price.
Five Ways to Get the Maximum Price of Gold Jewellery in Mumbai
While planning to get cash for Gold in Mumbai, there are a few things you need to take care of –
Bill of the Gold Jewellery
Do you have the receipt for your gold jewellery? Well, if you have, it will be beneficial for you at the time of selling gold. Using the receipt, you can prove the jewellery’s purity and price, and all these help you negotiate with gold jewellery buyers. This is how you can reach a mutually acceptable agreement with the buyer on the gold price.
Look for Hallmarks
Gold hallmarks become a sign of purity for a piece of gold jewellery. This mark certifies the purity as well as the fineness or caratage of your gold item. So do look for the same while planning to sell gold.
The government made hallmarks mandatory for all jewellers. So before you sell gold jewellery, do look for these three symbols of hallmarking –
- BIS hallmark logo
- Purity/fineness grade (22K916)
- A six-digit alphanumeric code
Worth of Gold
Gold jewellery is made with a mix of many other metals. So the purity of gold matters at the time of selling gold. As a buyer, you need to ensure that you get the right price for your jewellery. Gold jewellery buyers use ‘Caratage’ to measure the gold.
Lower caratages in your gold jewellery indicate that there is less gold. 18-carat gold jewellery contains 75 per cent gold and 25 per cent of other metals. Often in jewellery making, copper or silver is mixed with gold. So do know the minimum caratage of your gold item to get the maximum cash for gold.
Know What’s the Gold Price Today
It is essential that one knows what’s the difference between the gold price when you bought your jewellery and at the time of selling it. Because gold prices go up and down and it could affect the price you sell your asset at.
To get the maximum cash for gold, you need to track the gold price to know when’s the right time to sell. It is advisable to sell when the gold price is at its peak. This way, you get a higher price for your gold jewellery that you may have purchased at a reasonable price.
Who is your gold jewellery buyer
Not only does your gold jewellery decide whether you get the maximum price for it, but the buyer’s reputation also matters. So keeping that in mind, do your research before choosing your gold buyer. Ensure that the buyer checks the gold purity of your jewellery using an ultrasonic machine. This way, you will rest assured that the buyer is giving you the right price for your jewellery.
To know more about the gold jewellery buyers’ reputation –
- Check their customer reviews
- Learn about their selling procedure
- Talk to their service provider
After that, approach the buyer for cash for gold.
