Gold Rate in Palwal Today

Things to Remember Before Buying Gold in Palwal

The following are the points that should be remembered before buying gold in Palwal:

1. Current gold rate in the city: Gold rates fluctuate almost daily depending upon certain factors. Before making a purchase make sure to verify the current rate of gold in the city as the rates change twice a day.
2. Purity level of the gold item: Understand the gold purity before making an investment. If you wish to purchase gold jewelry, buy a 22-carat gold item as it is 92% pure. While investing in 24-carat gold bars or coins would be beneficial as it is 99.9% pure.
3. Color of the gold item: Jewlers often charge more for colored gold product, which should not be the case in real. Colored gold costs less and hence, it is better not to opt for this.
4. Buy-back policy: Before making a purchase, ensure that the jeweler agrees on buy-back terms, so that you can sell off your gold item in future in case of immediate cash requirement.
5. Weight of the product: The final price of a gold product depends upon the weight and therefore it is important to check the weight thoroughly before making a purchase. Ensure that the jeweler checks the weight of only gold, excluding the wight of studded stone, in case any.
6. Making charges: The making charge varies from city to another and even depends upon the jewelers. The making charge imposed on the price of the gold is around 6% to 14% over the overall price. For intricate design work, the making cost may even rise to 25% above the overall price.
7. Hallmark: To ensure that the product you have purchased is authentic and pure, Indian Government has set various standards that every jeweler or gold retails must abide by. Make sure to check for the certifications to validate the purity and authenticity of the gold product. Check for the following certifications: Bureau of Indian Standard (BIS) Logo Identification mark and number of the jeweler