Buying Gold On Diwali? 35 Must Know Things Before Buying Gold in This Diwali 2022 (Tihar 2079)

Things must know before buying Gold this Diwali / Tihar: – Gold is one of the favorite things of women who buy them with a lot of enthusiasm. Whether it is a small path or a mangal sutra. In any case, women often make shopping lists during festivals. And when it comes to big festivals such as Diwali (Tihar), it is reasonable to have gold jewelry on this list. And why not? After all, these ornaments only increase their beauty and make them feel feminine.

Jewelry is very dear to women, so they take a lot of time in their shopping. But at times when buying gold ornaments, they make some mistakes and are cheated by the jewelers. During the festivals and the wedding season, shopkeepers/jewelers often cheat on jewelry. In a time of overcrowding and lack. of gold, buyers can not even pay attention to the reasons the jewelers cheat on them. So some important things are listed below that you need to take care of before going to buy jewelry. So that you can avoid yourself and your family from fraud in jewelry.

Buying Gold On Diwali? 35 Must-Know Things Before Buying Gold in This Diwali / Tihar 2022

1. Amount of gold:

Before buying gold, you have to determine and decide how much gold you want to buy and in what form you want to buy the gold. Gold is available in the form of jewelry, in the form of ornaments, in the form of coins, or the form of gold biscuits. So you first have to make up your mind about what type of gold you want to buy. And how much do you want to buy gold? Gold is measured in karat or kilograms. The quality of gold is based on the type of gold you want to buy. Jewelry and ornaments are sold in a karat.

Often jewelers try to sell jewelry of 24 karat gold. But the jewelry is not made from 24-karat gold because 24-karat gold is the purest form of gold. And ornaments made from 24-karat gold can easily break because of their purest form. So ornaments and jewelry are made from 22-karat gold. If any shopkeeper is forcing you to buy 24-karat jewelry, you have to understand that he is trying to cheat you. Buying gold coins and biscuits is easier than jewelry. They can be bought in 24 karats the purest form of gold.

2. Purpose of buying gold:

While buying gold, you need to first determine for what purpose you’re buying gold. Whether you’re investing money in gold or you want to purchase Jewellery. If you want to invest in gold for your future purpose, then you can buy gold coins or biscuits. This will give you money return with less deduction in making charges and waste charges. But if you’re buying the gold for your personal use, you can then the ornaments with fewer designs and stones.

3. Information about gold:

After determining how much hold and in what form you want to buy. You then have to gather all the information about gold. It’s a must that you know all about the hold, its purity, and how to differentiate between real and fake gold. And most important you have to know the correct market price of gold. Find out the price of gold in your city before shopping. Visit as many shops as you can in your city.

Find out the correct market price. Find out which jewelry shop is selling at which rate. If some shop is selling the hold cheaper than the other shop. It doesn’t mean it’s taking care of the customer. It may mean it’s selling impure or mixed gold and not pure. If some shop is more expensive than others, it also doesn’t mean it’s selling pure gold. So, you have to consider all these points and visit as many shops as you can before buying any form of gold.

4. Jewelry shop:

After knowing all about gold. You then have to decide the shop from where you want to buy the gold. You can probably find a place where gold is sold at the right prices. Therefore, to buy gold at the right price, go to a place where there is so much competition among the gold sellers so that when you go to them, they will not be able to leave you as a customer and they will try to sell gold at the right price.

Check out all the designs of the jewelry. Do not be lazy. Do not come in the sweet words of the shopkeeper. You can check the rate and the designs online too. Choose the thing you like. And of course, if you already have a jeweler from which you always buy jewelry then go to him and take your favorite jewelry. Just remember that jewelry has to be trustworthy. Don’t forget to take the bill or the receipt. It will be easier later if you want to sell the jewelry or mortgage it.

5. Cost of gold:

After liking gold jewelry, try calculating the price. Watch the cost of the jewelry, the making charge and the weight of the jewelry, etc. And of course, make sure to wear the jewelry when buying it. Because the price is decided according to the weight of the jewelry. Carat Gold means 1/24 Percent Gold. If your jewelry is 22 carats then divide 22 by 24 and multiply it by 100. The price will be determined according to the outcome in the conclusions.

Depending upon the calculation of the shopkeeper and paying whatever he asks for is not wise while buying the gold. You need to know the above method by which you can calculate the exact cost of the gold you’re buying. Show wisdom and again do not be lazy. You have to be very careful with buying and paying the price. After all, it’s your hard-earned money that you’re going to spend.

6. Hallmark:

Hallmark is the official sign or seal imposed on precious metals which are used to prove their quality. Hallmarking is arranged to prevent the adulteration of jewelry. This system is very old. The arrangement of hallmarking in different countries is also different. Hallmark’s jewelry consists of international standards. Hallmarking help in the identification of the quality of platinum, gold, silver, and diamond jewelry. Hallmark is a government guarantee that the gold is pure and is good to buy or sell.

The government has appointed certain laboratories where the hold is checked for its quality, quantity, and purity. The government has formed the rule of marking the gold of 24 karats, 22 karats, 18 karats, and 14 karats. Different types of marks are placed on the gold to identify its purity of gold and quality. And you should buy gold by looking at that Hallmark. First of all look at Hallmark on jewelry first. Also check 916 Purity grades which are marked on the 22 karat gold, Hallmark Center’s mark, Year of Marking, and Jeweler’s Identification Mark.

All of these have the advantage that when you go to sell or exchange them, the depreciation cost will not be deducted. Also, it certifies that the gold you bought is not the one that was stolen or sold in the black market or the fake one. This way you can prevent the fraud that’s going on in the gold trade. This way you also help the government to cease the black marketing and fraud in the buying and selling business of gold.

Be aware and be wise. One caution of yours will help you to prevent the regret you’re gonna have if you buy fake gold. The hallmarking of gold is made for the best use and the advantage of the consumer. When buying hallmark jewelry, you will have to pay a little more price, in which the cost of this test is included. Many times, the price of hallmark jewelry can also vary in different shops. To gather information on hallmark gold from the appropriate place.

7. Carat or karat:

The most important scale for measuring the accuracy of gold is the carat. The more carat, the more authentic the gold will be. More carats mean higher prices. The lesser the carat will be, the cheaper it is to buy gold. Many times, when jewelers sell gold jewelry, they collect from the customers 24-carat prices. If a shopkeeper is claiming to give you 24-carat gold jewelry, then understand that he is a fake.

Because 24-carat gold is pure gold, and jewelry is not made from this gold. Because this gold jewelry has been made then it will be broken very soon. Because this gold is very soft. Some metals are used with gold to make the jewelry to make it strong and durable. Just keep in mind that jewelry cannot be made from 24-carat gold. But if you’re buying a gold coin then you may find and buy pure 24-carat gold.

8. The purity of gold:

When buying gold ornaments, the first thought comes to how pure it is and how much you can gain from the investment you have put into gold. Every jewelry shopkeeper claims to buy his sold jewelry back in the market according to the running rate. But if you go back to him to sell or exchange the jewelry then you don’t need to get the same profit as per the claim.

The gold may not be as pure as his claim. To buy gold, BIS 916 Hallmark is considered to be the standard of purity at the international level. It is guaranteed that gold is 91.6 percent pure, that is 22 carats. Generally, 22-carat gold is used to make all jewelry. Which contains 91.66 percent of gold. As we told you at 4 points, there are five hallmarks of hallmark and purity. But it is different in all the caret. According to the caret: 22 carats have 916, 21 carats have 875 and 18 carats are written on 750. Which is proof of their accuracy?

Find out its purity when buying gold jewelry. Pure gold has more flexibility, due to which the jewelry made from it can turn. This makes the size of the jewelry deteriorate and it does not deserve to be worn again. 24-carat gold is the cleanest but it does not make jewelry. Gold jewelry is made of 22 or 18-carat gold. That is, 2 carats of another metal are mixed, with 22-carat gold. Before buying jewelry, always check gold purity from jewelers.

To know the purity of gold, gold is also melted. There are some chemicals and acids used by which gold quality can be tested. The acid doesn’t react when comes in contact with pure gold but they are reactive when exposed to impure gold. Another criterion to measure the purity of gold is its Fineness. Fineness is used mostly for screening 24-carat gold. According to the World Gold Council website, 24-carat gold can also be subtle in combination. In precious metals like gold, an impurity is represented by 1,000. 24-carat gold financing is considered to be 999.9 in 1,000.

9. Pricing:

You must know how to calculate the right price for the gold you’re buying. Because the jewelers charge a 24-carat gold price for 22-carat gold and the price of 22-carat gold for 18-carat gold. So you need to know the exact amount you have to pay according to the cast of gold you’re buying. For example, if the 24-carat gold price is said fifty thousand according to the market rate. And if you’re buying 22-carat gold then you can calculate the price of 22-carat gold in the following way.

First, divide fifty thousand by 24 then multiply it by 22. That is 50000/24*22= 45834. So you only have to pay approximately forty-five thousand along with the tax, VAT, and the making charge if you’re buying designer jewelry. But if you go to the jeweler he will make you pay the price of 24-carat gold which is fifty thousand. With your little awareness, you can save up to four to five thousand per piece of jewelry. One simple formula for calculating the cost of your gold which everyone can understand clearly is Cost of Gold Jewellery = Making Charges + Wastage Charges + Cost of Stones, if any + VAT/ TAX.

10. Offer:

The marketing strategy of the shopkeeper is very cunning. They will offer you various schemes when you buy gold to attract you to buy more gold. These schemes can be seen commonly during the festive and marriage season. Such as if you buy so and so the ornament or so and so jewelry, you’ll get a twenty percent discount or some gift offer. Or the special discount is valid only for today, or scratch a card and get your lucky discount, etc.

These are the gimmicks that they play to preempt further negotiation. Don’t fall for those tricks. You have to be careful not to be played with and fooled by these schemes. They are often made in the purchase of mixed, impure, or fake jewelry.

11. Recognition:

If you are buying a gold coin, then identify the real and fake coins with the sound it makes when it’s dropped on some other metal. When you drop the real gold coin on some other metal it will make a heavy sound. But if the coins are fake, when you drop them. The sound will be dull like that of iron.

Similarly True and real coins are round, whereas counterfeit coins are rough on the edge of the corner. Similarly, in case you’re buying gold ornaments and jewelry. If you want to identify real gold, then show it to the certified jeweler and get it checked. If you want to test your gold by yourself. Then there are some easy methods which you can use. To identify whether the gold is real or fake, first, look at its symbol. The symbol is the official sign used in real gold. which is made of real gold. The official sign is the beauty of gold (1-999 or .1-999) or carat (10K, 14K, 18K, 22K, or 24K). Using a magnifying glass, you can easily see it.

The marks will work out in case of wearing gold for a long time. Many times such signs are found on fake gold, therefore more testing is necessary. So focus on spots. Check for spots in the areas of constant friction on special edges. If there is a metal look after the gold rub, then your gold layer has gone and you are stuck with the fake ones. We all have seen in many films that the Prospectors bite a piece of gold with their teeth and test whether it is real or fake.

When Olympic players get a gold medal, they also bite them with their teeth. Regardless of whether this process works or not, it is a different matter. Bite your gold with medium pressure. If gold is real, then your gold will have a deep set of teeth marks. This is not a well-known process as it can damage your teeth. Lead metal is more soft than gold, and if you have a gold layer on lead metal then your teeth marks will be visible on it. Another technique you can use is with the magnet. Magnet testing is not a full-proof method to detect whether gold is real or fake.

The weak magnet (such as the fridge) has no effect, but a strong magnet (which can be used for hardware testing, in children’s toys, and women’s lining of purses)can be used. Gold is not a magnetic metal, so if your gold sticks to the magnet, then it is not real gold. But if it does not stick to the magnet then gold is real. But since there are some other metals as well which do not stick to the magnet.

They may have a gold layer on those metals. So the metal may be a fake one. Likewise very few metals are thicker than gold. The density of pure gold 24K is 19.3 g / ml, which is much higher than the other metals. The more density, the truer your gold will be. Therefore, measure the density for identifying the real gold. Note that the density test is done on gold that does not have any stone or gem. If you do not have a weight measurement, then any jeweler will weigh your gold for free.

Your weight should be in the measurement of a gram. One of the simple methods to measure the density is to fill in a bottle of water. The vial should have a millimeter mark so that you can easily know the measurement. Do not fill the vial to full because when you put a piece of gold in the water, the water will come up. Before and after inserting a piece of gold, note the measurement of water carefully and note it. Put a piece of gold in the vial. Note the correct amount of water. Now mark the difference between the two millimeters.

Calculate the density. The formula for knowing and calculating density is mass divided by volume. If the answer is 19 g / ml or it is around, then gold is real. Say for example your weight of gold is 38 g and the amount of water is 2 millimeters. According to the formula [most of them (38 g)] / [volume displacement (2 ml)], answer 19 g / ml which is the density of gold.

Note that different gold accuracy has different g / ml proportions. Such as 14K has 12.9 to 14.6 g / ml. 18K Yellow has 15.2 to 15.9 g / ml. 18K White has 14.7 to 16.9 g / ml. 22K has 17.7 to 17.8 g / ml. The most simple and accurate method will be a Ceramic plate test. But your object may also get scratched. Take a ceramic plate without a glow. If you do not have the buy from the shop. Scratch your gold into a plate. If there’s a black mark on the plate, your gold is not real. If there’s a golden or yellow mark on the plate of your sun then your gold is real.

12. Packaging in case of gold coin:

Gold coins come in tamper-proof packaging. Many jewelers suggest to buyers that this packaging should not be tampered with or torn so that it can easily be sold. This packaging is also considered to be the purity-proof of gold. Similarly, the hold jewelry and ornaments also come in some boxes. You must keep this box with protection. The box has the mark of the shop from where you bought the gold.

In case you want to sell or exchange or mortgage the gold and you have lost the receipt. Showing the box would be easier and proof that you have bought the jewelry from that shop. It will be easier for you to store your gold jewelry in the box as well.

13. Makeup charge:

Makeup charge is the charge or the fees taken for the workmanship and the craftsmanship spent to design different jewelry of gold. Apart from the price of gold, there is labor in preparing any jewelry. Along with this, the gemstone is also planted on it. Typically, the jewelry with the design and stone takes a much longer time or the finer work of the craftsman. So the making charge is also higher. In this way, making the jewelry is determined by the time, the labor, and the quality of the jewelry, and the making charge is fixed on the jewelry.

The making and selling of gold coins are easier than jewelry. The price of the design is quite low. According to the market rate, a charge of up to 4 to 11 percent is charged on gold coins. Whereas on the gold ornaments, the charge starts from 8 to 10 percent and increases according to the workmanship expended to make the design on the jewelry. The make-up charge is different on every piece of jewelry. The most striking reason for this is that every piece of jewelry has a different texture and cutting and finishing. If it is man-made or machine-made.

Machine-made jewelry is cheaper than man-made jewelry. Jewelers make the making charge according to their minds. Make-up charging is higher in the bigger shop in comparison to the smaller shop. The making charge depends on how the jewelry is made. Jewelry has chainrings, bangles, heavy necklaces, etc. Jewelers charge make-up charges by adding all these labors, stages, and how long it takes in the making. When gold jewelry decreases in its value, small jewelers lower their margins, but there is no discount on the making charge. Making charges on gold jewelry are fixed in two ways. First, at the cost of gold, it is applied as a percentage.

There is also a flat-making charge per gram of gold. Many jewelers reduce the making charge when customers bargain. That’s because its specific standard has not been fixed in the industry yet. Making Charges vary according to different jewelry, which the jewelers take as a charge for the hard work to make gold jewelry. So while buying gold and ornaments, you should investigate different shops for knowing the exact makeup charge of gold jewelry. So you can pay less for the gold you’re buying.

Whenever you sell jewelry, there will be a loss of the cost of making charging because when you sell you will get only the price of gold and the making charge will be deducted. In such a way, the purchase of gold with the least making charge is the advantage of the deal. Yes, keep in mind that the more stones, gems, and designs you would like to win gold, the higher the compounding charge will be and the purity of gold may be less. When you go selling gold jewelry, you may have to lose up to 30 percent of your purchase value. Out of this, about 20 percent is made of charging and 10-12 percent is related to purity-related things. Ask for a break-up of jewelry costs while buying jewelry. This includes Gold’s current cost, making a charge, Stone’s value, and VAT.

14. Making charge tag:

In this period of competition, many jewelers now tag their make-up charges on their jewelry. So the customers can easily see what price they have to pay for the making of the ornament. But for this also, you have to study keenly the rates of the market. Knowing what is the make-up charge on the tag. It can be useful while you order to make certainly designed jewelry instead of buying readymade Jewellery. Also while buying readymade jewelry, you can see what total price you have to pay and you can negotiate the making price of the Jewellery. The motive is to pay as much low a price as you can for your gold.

15. Wastage charge:

When the price of gold is high and you want to sell the gold or you want to exchange your old jewelry for new ones. Then your jeweler may cut the waste charge on your gold. What exactly is a waste charge? In the olden days when there was no mechanism for making gold jewelry, all the work has to be done by workers. They claimed that while making the designs and then attaching them to form jewelry, a certain amount of gold is wasted. So the jewelers charge the customers for the wasted amount of gold.

This is called the waste charge. However, the workers are careful not to waste any gold or retrieve any gold that is wasted in one way or another. Nowadays, there are machines for making ornaments. But still, the shopkeeper charges the waste charge from the customers. There are no rules or norms as to how much to charge and why to charge. So you have to be careful while buying or selling or exchanging jewelry. Do a lot of market research. See for the lowest waste charge and be prepared to negotiate for lowering the waste charge. Do not give any opportunity to the jewelers to cheat you or take advantage of you. You can save real money by reducing the waste and makeup charges.

16. Avoid buying or ordering the gemstone or more designed Jewellery:

When you are going to buy jewelry, avoid buying jewels made with lots of designs or lots of gems and stones.Because the jeweler will charge you for the stone or the gem that has been attached to gold. Similarly, the Jewel with lots of details and design takes a long time in making. And the shopkeeper claims that lots of gold are wasted while making this type of jewelry.

So your gold price will be increased due to additional makeup charges and waste charges. And to make these types of jewelry, the amount of gold is reduced and the usage of other cheap metals like copper or zinc is increased. The obvious reason is to make the jewelry string durable. Though the use of other cheap metals is increased, you still be charged the full price of 24 or 22 carats of gold. The designed ornaments are beautiful to look at but they are not as valuable as a plain jewelry. So do not always go for the ones which seem dazzling and beautiful.

17. Don’t forget to take the purity certificate:

Do not forget to take an Authenticity / Purity Certificate when you buy Gold. Be sure to check the Gold’s carat quality in the certificate too. Also, take a separate certificate for GemStone, which is also engaged in gold jewelry. This will reduce the risk of you being stuck with fake gold or the least quality gold. The certificate is the guarantee that you obtain in written form on the purity of gold. When you sell the Jewel, no jewelers can take advantage of you.

18. Pay attention to the gold condition you’re buying:

While buying the gold or the ornaments, you need to pay special attention to the condition of the gold you’re purchasing. If you buy a piece of gold jewelry to wear, then you can choose the preferred model and also note the state of the gold jewelry for any defects. While purchasing gold jewelry that has permanent, note the impression of whether the jewelry is chipped or scratched. Because if you sell it back, the gold shop will check it first and affect the selling price. When you buy bracelets and necklaces, choose a bracelet or necklace lock-making machine, which is shaped ‘S’ or called ‘toggle’. The handmade locks are usually the shape of push-percent and sometimes become weak when it is often used and have long worn.

19. Look at the golden look:

While buying gold, make sure you buy clean gold. Because sometimes you can see there is a green color on the pores of certain parts. It may be that a jewelry store says it’s a regular thing, but it’s not. It means that the gold has not been washed properly. And the gold has still left behind chemicals that can cause allergies in the skin of the wearer, which causes itching, irritation, swelling, and inflammation.

20. Some important points you need to remember:

Most jewelers may offer you a discount of 40 or 50 rupees per gram on the market rate as if they are doing you a great favor by giving you this discount. Please note that your REAL saving comes from the wastage charge and makeup charge negotiation. Similarly, if you want to save your money, you have no intention of selling your jewelry later and you just want to wear jewelry with the purpose of day-to-day use.

Then you can buy 18-carat gold Jewellery so you can save money and the ornaments are more strong and more durable. Also never forget to take the purchase receipt. It’s your right to know that the tax you are paying is going to the right hands. Also when you want to sell and exchange the jewelry, you can have the exact amount of the gold based on the current market rate.

21. Online purchase of gold:

Now is the trend of buying everything online including gold. Even some national banks and jewelry shopkeepers have started selling gold in various forms online. Some online applications have also been created enabling customers to choose from a wide variety of ornaments and designs. Now the older generation may not be attracted to this type of shopping method, especially for gold.

The new generation is more attracted to purchasing gold from websites and applications. It may not be dependable to buy gold online. However, if you take the necessary precaution and buy the gold from reliable websites and owners. The online method can be used to buy gold. Here are some measures you need to know if you want to buy gold online.

• Find a reputable online retailer, that has insurance, an anti-fraud system, and provides a product-specific warranty. Search for the price of gold on the market on the fair price on the date you’re purchasing gold. Remember that coins have more profit margins than ornaments.

• You can go to any company’s website which works in online gold investment. Some companies also have smartphone apps that you can download and use on your device. You have to verify your email address after opting for the account and after that, you may have to fill out the application form. Apart from giving basic information, you may also need to provide the following information like identity evidence, Proof of address, Your Nominee Information, and Your bank information. Once all the necessary information is given, you are given a username and password, with the help of which you can manage your online gold investment.

• You can also check prices on the respective bank’s website before buying gold online. Prices are updated regularly to reflect the true value. Because gold is actively doing business, prices are going to increase every second in the event.

• Payment can be made through debit and credit cards as well as checks and bank transfers. On large-scale purchases, you need to practice the bank-to-bank transfer of money. Do not use services like Western Union. If the transaction goes wrong you will not be able to get back the money.

• Ensure the Distribution Policy and make sure the insurance is included while transferring gold and also make sure the seller issue a tracking number.

• Search for customer reviews and independent sources who have interacted with this vendor. Generally, the best negotiator places these sites on the site himself, but it is important to check elsewhere too.

• Every operator does not strictly and clearly explain to you about its negotiations. Keep an eye out for those who only give you a free contact email address (e.g., Yahoo, Hotmail, Gmail).

• Do not provide a secure payment system to accept credit cards.

• The obvious indication of insecurity is the absence of a “padlock” in the page navigation bar. In place of “HTTP”, the address should start with “HTTPS”.

• Deny delivery information.

• Before buying, contact the operator’s customer service by phone or email.

• Ask about specific items you are interested in like warranty, payment methods, and return policy. The way they answer the questions, it will be possible to find out how the business will be done and whether the source is reliable or not.

• Before leaving typing addresses in your browser, search for products, pricing, and availability. Two types of gold do business more often: Gold and coins in gold (coined gold). These are pure gold, and the price is based on weight.

• Gold coins (or coin gold) are more collectible and easy to buy and sell. But because they are a mixture of other metals and are collector’s targets, their value may be high.

• Before talking to the sales representative, decide how much money you want to spend on gold. Without these criteria, you can spend more than you like.

• Many sites publish the price of gold daily, and in some real-time too. Others can offer value in different currencies like Euro, Yen, Real, US Dollar, and Swiss Franc. Good traders should include market research and analysis on their websites.

• Fair value will be relative to the product being purchased. In other words, a piece of the gold price will also depend on the market value.

• Most of the products will have a profit margin on the market. Small amounts will have lower margins in full prices but more in percentage.

• The value of coins is higher than the market value because they are gathered and therefore there is a high demand for a secondary market.

• Expect to pay more for this rare currency. The greater difference though, for most of them you will not have to pay a lot if the price fits within your budget, then this is a good deal.

• Most famous operators have shops or physical offices, which can be visited. It shows that they are established and more reliable.

• Like any other investment, gold costs fluctuate, sometimes dramatically. Therefore it is always possible for the loss to spend. So only spend what you can afford.

• Use the search tool to find a specific style or type of jewelry you want.

• Most online retailers allow you to search for the type of jewelry, such as bracelets and earrings, or with specific metal or stone. Use two options to find out what you want. Find out what quality grades are available for the type of jewelry you want to buy before starting the browsing. Do not forget to do detailed research on the different types of gold, the quality of a diamond, or fine jewelry and gemstones.

• Know all the necessary sizes before starting a purchase. It will help you identify that a product is available in a size that will fit you.

• Find out about returns and exchange policies. Some sites accept returns only within a limited period after the date of sale. So it is important to know how often you will have to return or exchange your purchase.

• Ask about the Guarantee. The guarantee is an indication that you are working with a reputable vendor and if you need repairs or personal service for your jewelry, then this will be a benefit.

• Read customer reviews. A jewelry site whose customers have many positive reviews and are likely to be a reliable source for customers to replicate.

• See if you can get extra discounts. See that some jewelry vendors will offer discounts in addition to the promotional price for purchases from a certain amount. These discounts may be great when buying gifts or full sets.

• Some online sites offer cleanliness and maintenance on intense jewelry, like stone polishing, clutter adjustment, or cleaning of the ring without extra cost.

• Select Secure sites which protect your credit card and bank information against thieves who work on the internet.

• Fine jewelry sellers often provide a safe way of shipping, for which a sign-on delivery will be required. This ensures your protection on your purchase and ensures that this will be delivered safely to you.

• To make sure the transaction was made with the correct amount, check your bank statement after the purchase.

• Monitor the auctions on the Internet. Gold articles are often sold for less than their piece value, making them a great investment tool. Be sure to consider any tax or shipping costs before bidding.

• Remember again once you find the price, check it with at least one reputable source, and preferably many other reliable sources.

• Try to buy gold coins or bars at a price equal to or less than the market value, plus an additional value of about 1 percent. Most traders offer discounts for purchasing value, and quantity, from the carriage of goods to shipping and handling.

• There may be some salespeople who may try to humiliate you and embarrass you for your miserliness and even might raise their voices. You may remind those people that you know this business and it’s your money that is at stake.

Author: Ankur Pradhan