Gold Jewellery is not just a piece of ornament but it also serves a great purpose as an investment option. But many times while doing gold jewelry shopping, we tend to focus more on design rather than its composition and other essential factors. So, if you planning to indulge in some gold shopping and scrolling through the internet for 22k gold earrings designs with price, there are few pointers that you must keep in mind.
Important tips for buying gold jewelry:
1. Check for BIS Hallmark:
Whether you are buying a long gold necklace, a bangle, or a ring, you must always check for a Bureau of Indian Standards (BIS) hallmark. The BIS hallmark is indicative of gold quality and purity. It reveals the proportion of gold in jewelry. Moreover, you should always check for a hallmark sign with a specific digit along with a BIS stamp.
2. Check the cost per gram:
The price of gold is subject to vary every single day as it depends on different market factors. Therefore, you must pay attention to the latest price per gram of gold. Do not directly head to shopping gold just based on the final jewelry price. Instead, dig a bit, check the current market price per gram and accordingly stipulate the price for the jewelry you wish to purchase.
3. The Exact Amount of gold you want to buy:
Pricing for gold jewelry is not straightforward. It is indeed a bit complicated and is based on the jewelry composition. Apart from pay per gram price, you will be required to pay for wastage and making charges. However, the pricing for these is likely to vary based on the ornament and from the seller to the seller. So, when buying gold jewelry, you must know the exact amount of gold you will get on the purchase of a particular piece of jewelry.
4. Negotiate making charges:
Not everyone prefers negotiating. But there is no harm in asking for the same, especially when it comes to making charges. Making charge is the labor cost involved in the making of a piece of jewelry and is likely to change now and then. This is because it is the percentage of the amount on the latest gold price. Thus, there is a window for negotiation which you can use to avail the best rate.
5. Always ask for a Bill:
Always ask for a bill for your gold purchase. Bill contains all your purchase-related details and thereby ensures transparency. If you wish to resale jewelry or get it exchanged for a new one, the bill can be of great use. Also, in case of a discrepancy or claim, a bill will help you reach out to the right authorities.
Last but not the least, if you want to buy jewelry for an investment purpose, opt for plain designs rather than the studded pieces. Although studded jewelry exudes an intricate detailing and design, it attracts extra making charges.
So, when you buy gold jewelry online or offline, consider these handy tips to enjoy the best deal.