Gold Purchasing: Indians love gold more than anything. And now the festival season is going on. Buying gold at this time is considered very auspicious. If you are thinking of buying gold during the festive season, then keep some other things in mind before buying gold. Know in detail-
Buying gold is not only a financial decision but it is also related to our emotions. For this reason, whether you buy gold biscuits or jewellery, you should always purchase this precious metal with caution and caution. Let us know what things should be kept in mind before buying any type of gold.
Set a budget for purchasing gold and stick to it. Avoid making impulsive purchasing decisions, which can lead to overspending. Determine why you are buying gold. Then buy gold biscuits, coins or jewelery to fulfill the same purpose.
Gold is measured in carats. 24 carat is pure gold. You should decide how many carats the purity of the gold you are buying is. Is it 24 carat or 22 or 18 carat. Before buying, decide which gold you want to buy. Then buy only after being completely satisfied that the gold is of the same carat for which you are paying.
If you are buying jewellery, then definitely check the hallmarking. Hallmarking is now mandatory. The Government of India has made hallmarking mandatory to stop the sale of adulterated gold. Therefore, while buying jewellery, definitely check this essential thing.
The price of gold increases and decreases daily, so before buying gold, definitely check the price of that day. It may happen that on the day you buy gold, the price goes down and the jeweler takes advantage of this and sells the gold to you at a higher price.
The making charges of jewelery are very high. This fee is also not uniform. Making charges may vary for each jeweller. Therefore, whenever you buy jewellery, definitely inquire about the making charges. Negotiate with the jeweler regarding the making charges.
