Due to its cosmetic as well as metallic properties it has been a first choice for jewellery. Due to its continuous demand its prices were increasing with time and it was also thought by many as one of the best investment avenue.
Anyway as regards to the purchasing of gold is considered one has to keep many things in consideration. First of all the purity. The purity should be certified by the dealer either through the reputed brand or by assuring repurchase at same purity. Second aspect is making charges and exchange value. Most of the jewellers charge lot of reduction in assessing the value of old gold jewellery. Here one has to be cautious and bargain for minimum reduction possible. On making charges also there is a scope of reduction.
Another aspect is the quality of joints in the jewellery. If the joints or thin parts of jewellery are not properly designed and manufactured they may break anytime and one will lose some parts fallen here and there.
So jewellery purchasing is a cautious act and one should not do it in haste.
Knowledge is power.
'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease
Coming to gold purchase, we should not go by offers. We all know that Gold price is same allover the country. If somebody is giving for a low price it is contaminated only. Before you purchase ask for 916K gold and also ask for hall mark. If hall mark is there it indicates the gold is pure. Don't purchase items having lot of stones and other types of materials. Purchase pure gold items only. Take bills and ask for replacement weight to weight in case of any problem. Bargain for making and wastage charges. Generally basing on the item they vary between 8 to 13%
Some jewelers are offering membership for one year, monthly Rs 1000 to 10,000. The amount accumulated if used to purchased by gold jewelry from his shop. He will not charge wastage and making charge. These schemes are popular in Hyderabad.
The greatest wealth in this world is mental peace and good health.
Select a reputed jewellery only.
Carry a magnifying glass with you, to clearly see the hallmark markings which should show the jewellery's name/logo, carat properly.
Have a history of the gold price rate for at least a month with the lowest and highest rate. Compare that rate with the rate on buying date. If it is low or not much high only, you purchase. If the rate is higher than the previous few days, definitely you should bargain for the charges. Never hesitate to bargain and negotiate. If the charges you pay over and above the actual weight of the gold as per carat , is between 8 to 10 percent, then you can go for it. That is a reasonable bargain. Do not buy if the charges are above 15 percent. Consider the offers like gold coin etc. Add that also in your calculation to arrive at buying decision.
It is better to buy ornaments with very less decorations. More intricate designs and decorations will entail more charges.