How to sell gold:
Gold is not only a valuable investment but also an important tradition in India. Many people buy gold as a safe asset and hope to earn good profits when they sell it. However, selling gold today is not always easy, even though gold prices have reached record highs. Many people who bought gold at high prices now find it difficult to get the right price in the market when they want to sell.
When customers go to sell physical gold items like jewelry or gold bars, they often get a price lower than the market rate. Some branded jewelry sellers reduce the price by charging for making or weight differences. Also, if you do not have the original bill or certificate for your gold, the price you get may be even less.
Things to remember before selling gold
According to Puja Singh, CEO of Manipal Fintech, before selling gold, customers should ensure their gold is hallmarked and have all related purchase documents ready. Surendra Mehta, National Secretary of India Bullion and Jewellers Association (IBJA), advises sellers to carry old bills, KYC documents, purity certificates, and a declaration that the gold is not stolen when selling old jewelry.
How to earn profit when selling gold?
1. Always check for BIS hallmark as proof of gold purity.
2. Keep all bills, receipts, and documents ready.
3. Visit the same jeweler from whom you bought the gold for transparency and trust.
4. Choose certified platforms like MMTC-PAMP, Tanishq, or those linked with IBJA.
5. If you don’t get a good price and need cash urgently, consider gold loans instead of selling. This way, you can get immediate money by pledging your gold and later redeem it safely.
By following these tips, you can get a fair price and avoid losses when selling your gold.
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