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Friday, September 30, 2022

Gold Price In Mehsana – Remember when Buying Gold Jewelry

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Gold price by Investorocean.com

How to Know If You are Buying Fake Gold in Mehsana?

In India, since it Gold is the most favoured acquisition there are also many who tend to make use of it and sell you cheap imitations or fake gold, which might not be that easy to detect for the naked eye. However, you can find out via different methods if the gold you are purchasing is fake or not.

Hallmark Gold

In India, BIS Hallmark is the certification of the purity of the gold. Hence, you should always look for the hallmark marking on the gold to know if it is real or fake.

Magnet

This is simple enough method to know the purity of the gold. Real gold does not attract magnet but many other alloys and metals do hence bring in a magnet close to the said gold to check its authenticity.

Water

Gold because of its density sinks in water whereas other fake alloys tends to stay afloat; this could be easy test to detect the purity of gold. In addition, real gold does not rust or loose colour while fake gold will most probably will. 

Acid

Since it is resistant to corrosion a simple acid test will reveal the ingenuity of the fake gold, because it will corrode immediately losing all its colour. 

Ceramic

Like mentioned above, its non-corrosive quality makes it impossible to fade or lose colour, hence a simple rub against a matte ceramic will most probably reveal the fake gold.

Points to Remember when Buying Gold Jewelry in Mehsana

Before buying or “investing” in gold, the most preferred form is in jewellery. Given its popularity there are knock offs available in the market, as such you would be better off looking out for this pointers so as to buy and own the best gold jewelleries.

  • Weight of Gold

Gold jewellery is often combined with other gems and stones for a different design uniqueness, but that may affect the weight of the jewellery itself, hence always check the weight of gold individually for future insurance.

  • Purity Of Gold

A 24-carat gold is 99.99% pure and the purity starts to decrease below 24 carat, as such always know about the purity of your gold jewellery to assess its future value.

  • Hallmark Gold

A hallmark is a guarantee of the price, purity and quality of the gold jewellery. A hallmark jewellery is ensured that the investment is a safe one.

  • Labour

The price of the gold jewellery is dependent on several factors including its purity, the alloys and other stones that are combined, and also the labour charge. The labour charge is something that is totally based on the intrinsic design. Always be aware of the rate of gold, to assess the labour charge that is being indicated.

  • Buy Back Gold

Most good jewellery stores in India offer buy back offers; this is a great option to have for the quality of the jewellery as well as the option to have the jewellery exchanged in future if you feel so.

How To Trade Gold

Gold, being the hedge against a crash or inflation that it is, is probably the most practical investment option in the market. With gold available in different form for investment including physical gold, gold ETFs, mutual funds, and sovereign bonds etc. the possibilities with the investment on the yellow metal is endless nowadays.

However, few aspects or facts need to be considered before you start to trade gold.

Follow the Trend!

Like any other commodity or equity, there is a right to trade in Gold too, learning about the trends and the performance of gold will help you trade better.

Understanding Different Gold Investment

Different investment such as physical gold, digital gold or gold ETFs are similar only in the terms of being a gold investment; each investment has a unique nature making it different from other. Factors such as taxation, cost, safety, practicality etc. differentiates different gold investment.

What Affects Gold Prices?

Acquiring the knowledge about the factors that affect gold prices will help an investor to involve in better trade for gold in any form. Factors such as volatility, global movement, central reserve, interest rate etc. affect the pricing of gold

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