Things to Know Before Buying Gold Online

by Francis Alukkas | 18 September 2021 | GOLD JEWELLERY

Gold is considered to be the best form of investment in India. According to us, it is the best way to invest. If not just for the craze of the yellow metal in India, gold has always been appreciated and offers the best returns of all time. However, there are many things to know before buying gold. As an investor, you must be aware of the gold trends, current rates, additional charges applied, and others to invest at the best time and buy at best rates.

Best Place to Buy Gold Jewellery

Follow this article to learn more about the best place to buy gold jewellery. If you are planning to shop Indian gold jewelry online and are looking for the best place to buy gold online, or are wondering where to buy authentic gold jewelry, worry no more. Francis Alukkas, offers the best prices and range of selection online. Are you planning to buy gold for yourself or for your loved one for the first time? We have listed down 5 things you must know before buying gold.

Best place to buy gold online

While gold prices surged during the COVID19 pandemic, people were not able to buy gold. This is where the Indian gold jewelry online flourished. While the people in India are still not very open for buying and investing in gold online, the market is slowly opening up. For things to know before buying gold online, one must always ensure that the medium to shop gold online must be the safest and well reputed with good customer support such as Francis Alukkas who have been in this field for a long time now and are renowned and well known jewellers. Visit our online store to check out our latest collections. If you plan to invest in our Easy Gold scheme, you may as well online.

Things to know before buying gold

Buying gold is not an easy task especially if you are a first time gold investor. You might have seen your parents or other investors bargaining with the seller to reduce the gold pierce rates. Every wondered what and how they do it? Well if you might have observed deeper, prices of a gold jewel not only depends on the per gram gold rate, but other charges such as making charges, taxes and others are applied before revealing the correct rate of each gold piece. Investors and buyers often bargain to reduce the making charges. Want to learn more? Here are 5 things to know before buying gold from a store or online.

If you are a first time buyer, we know how anxious you feel before getting that perfect jewel piece at the best prices.

  • Gold rate per gram: Always be aware of the price breakage per gram of 22kt gold. You can check this online. Remember gold prices differ in different states and showrooms. Why 22kt and not 24kt gold? Well 22kt is the gold proportion used commonly in gold making, to make jewels stronger and long lasting. 24kt gold is not preferred as they are too soft and brittle. The 24kt pure gold is mixed with copper and other elements to give gold its strength to mould. Gold rates differ based on the purity rates.
  • Hallmark: While buying gold, look for the 916 BIS Hallmark in the inner corners or the side of the jewel piece. The BIS Hallmark certifies the purity of the gold with 916 being the 22kt gold purity. With 916 hallmarks present in your gold jewelry, you may sell the same on the rates as of the current date without any rate deduction. So look and ensure for a 916 BIS Hallmark before buying gold jewelry. Also, check: What is 916 Gold?
  • Making and other charge applied: Always be aware of the making charges and other taxes applied on the piece of gold. This will make sure you are investing wisely. Ask your seller to break down the pricing to know what and where you are spending the most on your gold ornament.

Are you looking for the best place to buy gold gifts online? Francis Alukkas displays a wide variety of latest collections of gold jewellery designs with price and weight. Visit your nearby store or our online shop to take a look.

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