7 Things to Keep In Mind Before You Sell Your Gold

Selling Your Gold

Sell Gold

In India, it is quite common to see people asking where to sell gold? ‘Or other such questions related to selling gold. Usually, when somebody is in dire need of cash, they look for selling off their old gold jewellery. However, in many cases, people are unable to make the right decision and end up getting lesser cash for their gold than they deserve. Therefore, before you venture out to look for cash for gold in Delhi options, keep a few things in mind.

Here are the most basic things that you need to keep in mind before you set out in search of “how to sell gold without bill?”

#1 Learn to shop around

Never go with the first pick that you make to sell off your gold. There might be known or family jewellers that you have in your area. However, these are the jewellers who charge you extra by luring you in. If you wish to get the best deal, venture out and look for a reputed gold buyer. For instance, if you stay nor around Delhi, check out multiple buyers to find the perfect answer to where to sell gold.

#2 know what it’s worth

One of the key things to understand is the worth of your gold. There can be variations in what different buyers suggest. There are unreliable jewellers who try to cut extra charges from the price on offer to buy it for a lesser amount. Therefore, choosing a reliable and authentic gold buyer is essential.

#3 Check for the purity of your gold

Before you sell off any gold jewellery, get its purity checked too. Simply looking for ‘how to sell gold without bill’ is not the only task at hand. You need to know the purity of your gold. This purity determines the value of your gold. The optimum buyer for your gold would utilize a karat meter first to check its purity and then would give you price estimation.

Also Read: Good Time to Buy Gold

#4 Know the scale being used for checking

The accuracy of the karat meter being used is essential. You should not settle for any ordinary local jeweller to sell off your precious gold items. Therefore, first, check if the scale being used is accurate. Only a reliable gold buyer with years of experience and reputation in the field can promise you the best accuracy.

#5 Check for the credentials or legitimacy

When you are finalizing on a buyer for your gold, check for its credentials or some documentation that shows its legitimacy. You would not want to get cheated at a lesser price for your gold.

#6 Check for the terms on offer

There are some gold buyers who put terms and conditions for the gold you sell. Sometimes, they add additional charges and cut that from the price they promised you for your gold. Make sure you have an idea about all quotes clearly.

#7 Deciding on the gold buyer

The final thing to keep in mind is deciding on the gold buyer. Now that you have looked into all other aspects, make the right final choice. Consider your convenience, testimonials available, and the authenticity of the buyer, amongst other things.

Selling old gold for cash: A smart decision

Gold is one of the most valuable metals available. Therefore, the price that you get when you sell gold jewelry or other gold items is also high. Also, most Indian households do have some gold items which are not really being used. Therefore, it makes more sense to sell these items rather than keeping them in the locker or safe.

Also Read: Best Deals on Your Gold

The reason that gold jewelry is not of much use after it gets old is because the designs and styling of it becomes outdated. Therefore, it loses its charm. Thus, sell it off and gain some cash in hand for it! You will be able to utilize this cash for a number of purposes. It can come handy for making a new investment, for louying newer gold jewelry or something else. Also, you could use this cash for some emergency situations or to clear off your pending loans.

Therefore, just figure out where to sell gold and make the sale! However, just make sure that you are picking a genuine old gold buyer only. This would give you better assurance that the buyer is genuine and is giving you the right price for the gold that you are selling.

The reputation of the buyer is essential as you do not want to be conned for the gold you are selling off! After all, it is a valuable possession. So, make sure you make a smart same only.

In Last

If you are looking to get cash for gold in Delhi, keep all these things in mind and only then make your final decision. Get the maximum price for your gold and utilize this instant cash wisely for your needs!

About Archi 67 Articles
Archana Singh is an independent finance and investment advisor since 4 years and recently added with Investment Pedia. User are welcome to put questions on her contributions.

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