Gold Selling is a complicated process that needs you to be extra vigilant to get a fair price for your precious metal. Seeing that other establishments are blatantly cheating customers, the leading gold buyers in Bangalore have come up with this list of the steps they need to take in order to get the best value and not worry about being cheated.
1. Go- in With an Invoice
When you buy gold, an authentic gold seller will provide you with an invoice that has all the information like time, date of purchase, weight, karat, and purity. This can be extremely useful when selling it because you will know the details of the gold and the buyer cannot mislead you about the weight, karat, and purity.
2. Know the Right Value
The most important tip is to look for that day's price online before heading out. Then you need to visit multiple shops and go with the ones that you think are not trying to cheat their customers. Visit as many shops as possible as this is the only way you can be assured of getting the best price for your gold! Make sure you check the current gold price before going out to sell gold.
3. Know About the Charges and Deductions
When you go to sell your gold, you will come across various deductions and taxes that will reduce the price of your gold by about 10-15% more than the price you expected. Hence, it is always better to search and go with the store that asks for the lowest taxes and deducts the least amount of your money.
Hence, it is better to know all the points before going to sell gold.
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