Akshaya Tritiya Guide: Buying gold is more than just a financial investment in India. It is an emotional and cultural tradition. People save money for years to buy gold and feel proud when they finally own it. But while buying this precious metal, being careful is very important. Gold sellers may hide key details that can affect your purchase. Ahead of Akshaya Tritiya, knowing these hidden secrets can save you from making costly mistakes.
1. Hidden Charges
Gold shops often add extra charges without explaining them properly. These may include making charges, wastage charges and taxes. These costs raise the final price. If you don’t ask about them in advance, you may end up paying more than expected.
2. Wrong Information About Purity
Some sellers claim the jewelry is 22 karats, but it could actually be 18 karats. This affects the value of the gold. Always check for proper certification and ask for a hallmark. Never believe only what the seller says.
3. Weight Confusion
Gold weight includes stones or other decorations. This makes the jewelry look heavier than it is. Sellers may use this trick to charge more. Ask for the net weight of gold separately.
4. Old or Recycled Gold
Some shops sell old or recycled gold jewelry as brand new. These pieces may look shiny but are lower in quality. Without expert knowledge, buyers cannot detect this. It is important to buy from trusted stores only.
5. Buyback Rules
Buyback terms are not always clear. When you try to sell your gold back, shops may offer a lower rate. Some even deduct a high percentage of the value. Always check the buyback policy before purchasing.
Tips for Safe Purchase
Always check the purity certificate. Ask for a detailed bill. Compare market rates before buying. These small steps can help you avoid fraud and ensure safe gold buying.
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