Selling gold jewellery for instant cash is a common practice among Indian gold consumers. Most people sell gold in the form of jewellery and ornaments because of the rising gold jewellery rate in the market. They can get good value against the sale of gold.
Also, when people are in dire need of cash due to financial constraints, they tend to sell their gold for cash. It is a desperate call but a smart decision to get rid of debt traps and fulfill the need for cash for an urgent event.
The gold jewellery price today reaches Rs. 4360 per gram, and it is probably the right time to sell your gold. Some of the main reasons behind the aggressive selling of gold ornaments are:
Piled-up debts due to the inability to pay credit bills on time may create financial burdens, but it can be managed by selling your old ornaments at the best gold jewellery rate to pay off your debts.
Selling gold jewellery may also help in helping your dying business by covering the cost of the losses.
People also sell their gold jewellery such as rings, necklaces, bracelets, etc to get rid of an unpleasant past.
Charitable organizations organize gold drives to raise gold and use the cash for the cause.
In desperate times when there is an urgent need for cash, some people are unable to make informed decisions and end up getting less cash against their gold value. Here are some of the basic things you have to be mindful of to get the best gold jewellery price rate in Chennai for your gold.
Research about reputed jewellers
Some jewellers charge extra and have tactics to lure you in. Never sell your jewellery on the first shop you visit just because he/she is a known jeweller in your area. Conduct research on your own about reputed jewellers who can ensure the best gold for cash rate. There are gold buyers in India that are well-known and have great customer feedback.
Know your gold’s value
It is important to know the value of your gold given the variations of price with different buyers. Some jewellery buyers may even cut extra from the original gold value. So, take quotations from multiple buyers and choose the maximum price you can get. That is why it is imperative to find a reliable and authentic gold buyer to avail of a fair gold jewellery rate.
Check for purity
This is the first and must step before selling off your gold jewellery. Don’t go on what the buy directly offers before checking the purity of your gold. You might miss an opportunity to get a better gold for cash deal as the value of gold depends on its level of purity. A reliable buyer would first check the gold’s purity and then would estimate the price.
Ensure the scale for check accuracy shows accurate results
The gold jewellery price today in India is determined by the purity of the gold and it is measured through a karat meter. There are dishonest gold buyers that cheat you. So, ensure that the scale being used shows accurate results. Gold dealers with reliable reputations and experience in the field provide the best accuracy.
Be mind of terms and conditions of the offer
Terms and conditions to sell your gold can prove to be problematic as they include additional charges and cuts that are taken from the gold price. So, always carefully read the terms and conditions of the offer before rushing to sell your gold at an unfair gold jewellery rate.
Look for credentials of gold buyers
You may find gold buyers that offer reasonable prices for your gold, but know that you can be cheated on the value of gold and end up getting a lesser price for your gold. So, to finalize your buyer, check their documents and credentials to ensure legitimacy.
If you are planning to sell your gold jewellery but aren’t sure what to look for to get the best gold for cash rate, conduct research on your end. For instance, find only reputed jewellers, know your gold value, check your gold’s purity, read the terms and conditions of the offer, and find a jeweller that is a legitimate buyer.