Gold Rate in Mohali Today

Factors to be Considered When Buying Gold in Mohali

Before buying gold in Mohali, these are a few points you should keep in mind:

1. Hallmarked Jewellery: Hallmarking is a process that certifies the purity of gold. You must always buy gold jewellery certified by the Bureau of Indian Standards (BIS) to ensure the jewellery is real and pure.
2. Check the Weight: The price of gold is determined by its weight. When purchasing gold jewellery, it is important to check its weight and evaluate the cost based on the gold price on the date of buying. In the case of studded jewellery, you must exercise extra caution. Ensure that the gold is weighed and paid separately so that you do not end up paying more.
3. Making Charges: In addition to the price of gold, jewellers impose making charges on the jewellery. The production of gold involves labour charges, which are determined by the complexity of designs. Therefore, making charges depend on the designer's creativity and the labour of the artisans.
4. Wastage Charges: Precious metals are melted and cut to produce ornaments and this causes wastage. Jewellers incorporate this amount in the overall cost of your item as waste charges. Make sure to confirm with the jeweller if your ornaments are handcrafted or factory produced. If the jewellery design is complex and intricate, you will have to pay higher waste charges.
5. Purity: You must always check the purity of gold before you buy it. The purity of gold is determined by karat and fineness. The purest kind of gold available is 24 karat.
6. Gold Price: The gold rates differ from city to city due to many factors such as demand, inflation, import costs, taxes, and more. The cost of labour in the production of jewellery varies among cities, impacting gold pricing for each item. Thus, before you purchase gold, make sure to check the current gold price in your city.