Gold Price/Rate in Raiganj Today

Factors to Consider When Purchasing Gold

Given below are the factors that you need to consider when you are purchasing gold:

1. Purity: The first things that you need to consider while purchasing gold is its purity. You can purchase gold ornaments, coins, or bars that are made from an alloy of gold and other metals. The purity of gold is determined on the basis of the percentage of gold present in that coin, bar, or jewellery. 24K gold is the purest form of gold. However, you can also get 14k to 18k gold in the market.
2. Hallmark: The second most important thing you should identify before you purchase the gold to check the hallmark sign present in the gold jewellery or coin. This is because it ensures validity and credibility of the manufacturer. It is also important for you to visit the certified jewellery store to avoid fraud. In India, Bureau of Indian Standards provides the certification of gold according to the rules mentioned by the Government of India. The hallmarking in jewellery is done by laser etching and stamping. The hallmark sign comprises purity, date of hallmarking, and the identity of jeweller.
3. Making Charges: Jewellers add making charges on their coins and ornaments above the price of gold. This is because the process of manufacturing gold is labour intensive and intricacy of the design influences these charges. The making charges of gold are determined as per the design of the jewellery.
4. Wastage Charges: Gold ornaments are mainly manufactured by melting and cutting the metal. Thus, shaping the custom design can result into the wastage of gold. So, jewellers also add the cost of wastage in the total cost of the gold.