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Here are 5 things to keep in mind if you are considering buying gold, including hallmarking and the price of gold.

Only buy jewelry with hallmarks. However, hallmarking of gold jewelry is mandatory

October 28 is the flower constellation, followed by Dhanteras and Diwali. This is the time when buying gold is considered auspicious. At present, the price is also below the record level of around Rs 8,500 per ten grams. From this point of view, now is a good time to buy gold. Prithviraj Kothari, National President, India Bullion and Jewelers Association, says if you are planning to buy gold now, be careful when buying gold.

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Only buy jewelry with hallmarks

Only buy jewelry with hallmarks. However, hallmarking of gold jewelery is mandatory, but jewelers whose annual trade is less than Rs 40 lakh are exempted. The good thing is that the customer can also ask for hallmarked jewelery from such jewelers. The purity of such jewelry is determined. This means that if you buy 22 carat jewelry, the hallmark will be a guarantee that the purity of the gold will not be less than 91.6%.


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Information on making charge of jewelery

If you are waiting for the price of gold to fall you may be at a loss, as the price may rise rather than fall. You can also take the opinion of some jewelers in this case. You can also visit the website of the India Bullion and Jewelers Association to see the fair price of gold. Doing so will save you from inadvertently buying expensive jewelry.

Making charges are important if you are buying gold jewelry. Pay special attention to price-rhythm here. You can ask the jeweler to reduce the making charges. Jewelry making charge can be 10-30%. So big savings can be made if you manage to reduce it. You can also compare the making charges of different jewelery houses.

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Be sure to check the proper weight of the jewelry

Gold is very expensive. So if there is a difference of even a few grams in weight, there can be a big difference in the price of jewelery. In this case, the bill is very important. The weight of the jewelry is written on it. If you find the actual weight of the jewelry is low, you can weigh it in a place other than the jeweler. In case of weight loss you can claim from the jewelers along with the bill.


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Don't forget to take the bill from the jeweler

Don’t forget to take the bill from the jewelers. If you want to sell your gold at a profit after a few years, you have to look at its purchase price to know how much profit you are making. Not only that, if there is a dispute with the jeweler over issues like price, purity and making charge, you can show him the bill for your claim. In addition, this document can also be used in the case of income tax.

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Investment Alert

The seventh installment of the Sovereign Gold Bond Scheme is open for subscription from Monday. This option to invest in gold will be open till October 29. Gold bonds will be issued to investors on November 2. This time, the RBI has fixed the price at Rs 4,765 per gram. There is a discount of Rs 50 per gram on online payment. It also earns 2.5% interest per annum.

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