Eight questions to ask before you buy gold

Chennai | Wednesday | 21st August, 2019

Summary:

As long as you are selling 22K gold, the showroom may not reduce any price but give you the actual market price of the 22K gold by its weight. Some showrooms charge melting cost or handling charges — never fall into that trap. Ask for the current gold price on your purchase day and their standard making charges or wastage before commencing your shopping. Many big brands have a limited buy-back policy of Rs 1,00,000 which means that if you buy jewellery worth Rs 5,00,000, you can exchange or sell only jewellery worth Rs 1,00,000. So, buy jewellery which is open from behind..