Many times people sell their old gold jewellery when they are in financial trouble and try to get maximum value out of it. If you are also going to sell gold jewellery, then we will tell you what things you should keep in mind while selling gold jewellery.
Know the price of old gold jewellery from different places
First of all, before selling old gold jewellery, you should find out the maximum value different jewellers will be able to get you for gold jewellery. You should go to at least 2 to 3 jewellers to get the gold valued. Many jewellers want to buy gold from you as per their terms. Also, sometimes some jewellers deduct a lot of money as melting charges. In this case, you get only about 65 percent of the value of your gold. Keeping this in mind, you should sell old gold jewellery.
Check these things before selling old gold jewellery
According to the government's new rules regarding buying and selling of gold jewellery, jewellery without a hallmark or 6-digit HUID number cannot be bought or sold. If your old gold jewellery is hallmarked, you will need to take the gold jewellery to a hallmarking centre to get your jewellery hallmarked.
For hallmarking, you will have to pay Rs 45 for an item at the centre. After paying the hallmarking fee, your goods will be hallmarked as per the new norms.
Keep the bill after selling the jewellery
Many times it happens that the bill of gold jewellery or gold coin is lost somewhere or gold has been gifted to you by someone, in such a situation jewellers want to buy gold from you at an arbitrary price. If you are going to sell gold jewellery but do not have the bill, then there is no need to panic. When you come after selling gold jewellery, keep its bill carefully. Also, after melting the gold jewellery, see how much it weighs.
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