Gold Price/Rate in Gangtok Today

Things to Remember When Buying Gold in Gangtok

The following factors must be considered before you purchase gold in Gangtok:

1. Check Current Gold Price: The price of gold fluctuates daily on the commodities market. Gold rates differ from city to city because every city levies its own taxes in addition to transportation charges. Thus, you must check the current price trend before purchasing gold in Gangtok.
2. Hallmarked Gold: The purity of gold is certified by the Bureau of Indian Standards (BIS), and hallmarked gold is gold that has undergone verification. The BIS checks the declared purity of gold at one of its assaying centres and engraves the level of purity. Thus, you must always look for hallmarked gold.
3. Examine the Weight: In India, every piece of gold jewellery is sold on the basis of its weight. Gold jewellery usually has precious stones like diamonds and emeralds embedded into it, which makes it heavier. When purchasing jewellery with stones, bear in mind that jewellers weigh each item individually.
4. Colour of Gold: Many jewellers may ask for higher prices for white gold and rose gold jewellery. However, you must remember that yellow, white, and rose gold all cost the same. This is due to the fact that producing a given colour just requires adding a few metals. Therefore, no matter what colour your gold jewellery is, you must never spend extra.
5. Request an Invoice: An invoice is required for a variety of reasons. If you plan on selling the same gold for a profit after a few years, you will need the purchase price for calculating the capital gains tax. An invoice serves as a record and is also helpful if an issue occurs in future.