10 Rules To Live By When Buying Gold Jewellery?
Gold jewellery is a sign of affluence. When it comes to buying gold jewellery, there are conduct rules and practices you need to follow in order to buy the right piece at the right price. However, we all know that the moment someone mentions gold jewellery it almost becomes an invitation for overpriced stuff. Let’s face it: The markup on gold jewelry is insane. With the rise of e-commerce, however, there are many ways you can get great deals on gold. To make things easier for you and spare you of any embarrassment while making your purchase, here are some helpful tips on how to buy gold jewellery without being ripped off:
Know the price of gold before going to a store
Before going to a store to buy gold jewellery, make sure to know the current price of gold in the market. This way, if you find some jewellery that is priced way over the mark, you will be in a better position to negotiate with the seller. If you don’t know the current price of gold, you can find out easily. All you have to do is type “current price of gold” in your browser and you will find several websites that will give you accurate information on the price of gold in the market right now.
Other important things to look out for
- The amount of gold in the piece. There are different karat weights of gold. There are 24-karat gold and 18-karat gold, etc. The higher the karat weight, the less gold you have in the piece. 24-karat gold is pure gold, whereas 18-karat gold is only 75% gold. Some people may try to sell you on the idea that a high karat weight is better. That’s not always the case. If a piece of gold jewellery has 18-karat gold, it means that the retailer has kept their costs low by using only a small amount of gold. – The condition of the piece. If a piece of gold jewellery is brand new, the price would be way higher than an item that is slightly used or has some wear and tear. Make sure you see the condition of the piece before buying it. You can ask the retailer to take the jewellery out of the box and lay it in front of you or you can check the piece yourself. – The design and pattern of the piece. Some patterns and designs are manufactured and then sold to gold retailers. If you see a design you really like, but the price seems a bit high, make sure you ask the retailer if they can make it again because the price will be lower the next time around.
Online stores are your best bet
This is not a piece of advice for a specific online store, but a general rule for all online stores. You have the added advantage of seeing the actual product and not just a picture of it. Therefore, if you find an online store that sells gold jewellery, you can be almost certain that you are buying a genuine product. Online stores have a lower overhead cost and therefore can sell gold jewellery at a much lower price. They also don’t have to spend money on advertising. Therefore, they save up on costs, which they can then pass on to the consumer in the form of lower prices.
Check the karat weight
The karat weight of gold jewellery is the percentage of gold present in the piece. For example, if the karat weight of a bracelet is 18, it means that the bracelet has 18 parts of gold for 100 parts of it. However, this is not a foolproof way of calculating the price. In many cases, retailers use the karat weight of gold as a marketing gimmick. They might say that a bracelet has 18-karat gold, but it may not be true. If you really want to buy pure gold jewellery, make sure that the retailer sells it to you at an appropriate price.
Don’t fall for ‘special’ gold
Some retailers may try to sell you on the idea that their gold is special. However, don’t fall for their lies. All gold is the same. There is no special gold. There is only 24-karat gold and 18-karat gold. So be careful and don’t fall for these gimmicks.
Don’t buy from door to door sellers
If you really want to buy gold jewellery at a low price, you can do so by going to a gold retailer. However, you have to be careful and only buy from trustworthy retailers. If a stranger comes to your door and tries to sell you gold jewellery at a very low price, don’t fall for their lies. It’s possible that these people are using stolen gold or are selling counterfeit products. So, it is better if you don’t buy from them.
Gold jewellery is a beautiful and timeless fashion accessory. It is a great gift and can be used to express love and affection. However, when you are buying gold jewellery, you have to be careful. Make sure you know the price of gold, look out for important details and buy your gold jewellery from an online store. If you do all this, you will be able to buy gold jewellery at a reasonable price. And if you are buying gold jewellery as a gift, you can be sure that the recipient will love it.
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