Gold is one precious metal that is excellent in terms of investment and is also a hit among women due to the jewelleries made out of it. This versatile metal has been in high demand for decades, and the coming years also predict something similar. When you buy gold and/or gold jewellery, in particular, you have to be careful to ensure you’re putting money in the right place and right commodity.
Sometimes, even the most seasoned buyers make mistakes buying gold, and we’re here to help you prevent those mistakes. So before you venture out to get your next set of gold jewellery, let’s quickly check out some quick tips to purchase the best quality gold out there.
- Check the Purity
The purity of gold is determined by carats. The higher the carat rate, the higher is the purity. The highest known purity or carat available in current times is 24 Karat, which is deemed to be 99.9% pure. As the carat descends, so does the purity. If you’re tight on budget but don’t want to compromise on the gold quality, look for 22 Karat gold jewellery pieces. You can get enough options in this range that are traditional yet trendy and offer value for money.
- Know the Factors that Influence the Price
If you’re buying gold jewellery, remember that its price depends on various factors. If only you’re aware of most of the factors, you’ll be able to shortlist and pick gold jewellery items that fit well within your budget and requirement criteria. The first price indicator is the gold’s purity. As mentioned in the previous point, higher purity means higher prices and vice-versa.
Another price determining factor is the labor involved. If the gold jewellery has an intricate design, it means more labor has been utilized. It will eventually result in gold jewellery pricing more. Whether you choose to buy gold jewellery that is intricate or simple yet appealing, 24 Karat pure or 22 Karat pure, just make sure you make the purchase from a well-known, reliable jeweller.
- Colour
The best part of gold is you can find various color options. While yellow gold is most popular in India, white gold and rose gold are less popular but exquisite. You can easily find white gold and rose gold being used in high-end, sophisticated jewellery items. Its purity can be measured in the same way one measures yellow gold.
So if your collection has enough yellow gold jewellery pieces, you should consider diversifying your jewellery stack by including different colored gold jewellery. They may be more expensive than traditional gold jewellery, but the investment will be worth it.
- Look for Hallmark
You should never buy any gold jewellery without checking their hallmark certifications. A hallmark certification from BIS and other relevant authorities is an indication that the jewellery you’re purchasing has the standard amount of gold in it. The more the certifications, the better it is. You can generally find hallmark certification details in the product description when shopping online. For offline purchases, you can ask the jeweller directly about the certifications.
- Gemstones or No Gemstones?
Gold jewellery pieces are available in a range of options. Some include precious and semi-precious gemstones, while others don’t. Depending on the type of stones your shortlisted jewellery items include or exclude, the price will vary. Gold jewellery with gemstones engraved looks particularly beautiful, so try to look for more of these.
If you look for all these factors while buying gold, you’ll certainly end up with the best quality gold. It is best not to ignore even one factor for best results.