Recovering the money spent on gold is perhaps the most crucial goal that an individual who has accumulated solid gold over time might have. Gold is an invaluable asset, especially when you need it. Selling your gold to a gold buyer in India will help you realize that goal, and this article explains how you can do it.
Step 1: Find a trusted gold buyer in your area
You might have heard of the scams that people who sell gold to local buyers can fall prey to. Gold is a precious metal, and when you’re dealing with someone who has been buying gold for a long time, it can be easy to get scammed if they know what they’re doing. To find a trusted gold buyer, you can ask your friends and family members if they have any recommendations. Alternatively, you can use the internet to find a gold buyer in your area.
Step 2: Make an appointment.
Once you have found the right gold buyer for yourself, contact them and ask for an appointment. You might want to do this over the phone or by sending them an email. It would be best if you tried to make an appointment before visiting their store as this will save you from waiting and help you get to see the person who is going to buy your gold from you immediately.
Step 3: Evaluate your jewelry.
If you do not know how much gold is present in your jewelry, then it would be wise for you to evaluate its worth at least three times before selling it off to the buyer. The best way of doing this would be by taking it to a reputed jeweler who will weigh and assess the purity of your jewelry.
Step 4: Compare the price quotes of different gold buyers.
Do not get tempted by high prices and sell off your gold quickly. It would be better if you compare the prices offered by different gold buyers in India and sell off your gold to the one that provides the highest amount of money.
Step 5: Finalize the transaction in the buyer’s store
After comparing prices and selecting a buyer, visit their store with your gold jewelry. Get it re-evaluated by professional evaluators and then finalize the transaction.
Step 6: Do not forget to make a list of important documents
You must keep all essential documents ready while selling off your gold. These include identity proof, address proof, passport size photographs, PAN card copy and any other document which can prove that the gold belongs to you or is under your possession.
One of the most critical aspects of selling gold jewelry is to exercise caution and do your homework. Don’t just walk into the first store you see advertising gold and jewelry pieces for sale. One of the best ways you can keep yourself safe from con artists is to have some understanding of what you’re doing before walking into a store.