Want to sell gold for cash in India? from jewels planet's blog

Gold is a lucrative asset not only for people in India but worldwide. Data indicates that people have invested in gold for the past thousands of years.

The interesting fact is that not only buying but selling gold for instant payment has also been a common practice among people globally.

It’s no surprise that the Indian gold market has myriad gold buying and selling options. However, when it comes to banks, there are no options where they will buy back your gold or gold coins. So, the question arises where to sell gold?

The only way to sell gold for cash is to go to gold buyers who may take advantage and try to dupe innocent sellers. There is no dearth of gold buyers who deduct hefty amounts under the garb of melting charges or wasting charges. Under these circumstances, a seller may end up losing almost 30 to 35% of the gold value.

But then how to sell gold and how to find the best place to sell gold?

Selling gold for cashmay lead to huge disappointment if one does not research well before going ahead with the gold merchant.

You should consider the following criteria before deciding I want to sell gold for cash-

●    Bill- You should have the bill or invoice of purchase to present to the gold buyer. This will avoid any conflict of interest and prevent any fraudulent activity as the bill will mention the purity of your gold item.

●    Your gold worth- To get a fair idea of your jewellery’s value, you should get quotes from numerous jewellers rather than relying on a single merchant. This way, you will also get an idea about the authenticity of the gold buyer. A genuine gold buyer usually asks to furnish the original bill or invoice to avoid any discrepancies.

●    Purity of gold- Check your gold pieces for the Hallmark sign. For example, if your jewellery has a 916 Hallmark sign, it means that 916 percent gold is mixed with other metals to make your gold ornament.

●    Analyze the current gold trend- Getting your basics right is essential before heading out to a gold buyer. Do your in-depth research about the current gold trend so that you can decide when is the right time for you to sell your gold.

●    Know your buyer well- Before you finally settle on a gold merchant, check their credentials by browsing through customer reviews and Google ratings. An authentic and ethical gold buyer will also boast of a solid returning customer base.

●    The final step- Deciding on your gold buyer is a big step. Once done, ensure that you avail a transparent service. Request the merchant to melt gold in front of you and then weigh and test the quality of your gold. An honest gold buyer will also inform you about their gold buyback rate and service charges beforehand.

We can guarantee that by keeping the above key points in mind, you can get your dream deal and optimum cash against your gold. After all, your gold pieces hold a sentimental value for you and you deserve the very best!