Gold Rate In Balangir Today

Things to Remember before Purchasing Gold Jewellery in Balangir

Here are a few things you must remember before you buy gold in Balangir -

1. Making Charges: Jewellers often charge between Rs.400 and Rs.500 per gram, which is around 15-20% of the gold price quoted. However, the rates for them are as inexpensive as Rs.200 per gram.
2. Gold Price: The price of gold varies from one city to another owing to factors such as import costs, inflation, demand, etc. Thus, it is essential to know the current gold price in your city.
3. Hallmarking: Hallmarking assures the manufacturer's purity claims are credible and legitimate. It comprises purity, hallmarking date, and the jeweller's identity. Before you buy gold, make sure to verify the hallmark on your jewellery.
4. Wastage Charges: Precious metals are melted and cut to make ornaments. This involves wastage since gold is customised by moulding it into intricate designs. Therefore, you must confirm with the jeweller if your jewellery is handcrafted or machine produced. Also, keep in mind that simple designs cause less wastage compared to complex designs involving gemstones.
5. Buy Back Policy of Gold Jewellery: Jewellers provide the buyback option so that you can swap your old jewellery with new ones. Returns will be offered depending on the current gold rate, regardless of the date you bought the jewellery. You should always talk to the jewellers to evaluate their buyback policy.