If you are going to buy gold on Dhanteras, then keep these 10 things in mind, otherwise there may be a loss!

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In India, buying gold on Dhanteras is considered auspicious. Gold is not only a symbol of wealth but also a safe investment. Many people believe that Dhanteras is an opportune time to invest in gold. In such a situation, it is very important to keep many things in mind before investing in gold. Let us tell you also.

Before investing in gold, it is important to keep several key things in mind:

Buy certified gold: It is necessary to buy certified gold by the Bureau of Indian Standards (BIS). BIS hallmark indicates the purity and quality of gold. BIS Hallmark also includes the purity code, logo of the test center, sign of the leveler, and marking year. Always choose BIS-hallmarked gold, as it assures the purity and quality of the gold.

Check purity: The purity of gold is measured in carats. The highest level of purity is 24 carats. In India, common purity levels are 24, 22, and 18 carats. Choose the purity level that suits your budget and needs. While 24-carat gold is the purest, it is generally considered too soft for jewelry. 22 and 18 carats are mostly used for jewellery. It is important to understand the karat of the gold you are purchasing.

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Compare prices: Gold prices may vary from jeweler to jeweler. Before making a purchase, it is advisable to compare prices from different jewelers. You can also check gold prices online to stay informed about the current market prices. It is important to be aware of the prevailing rates as gold prices can fluctuate. Therefore, it is essential to research the rates before making a purchase.

Be careful of making charges: Jewelers often charge making charges for turning gold into jewelry. Making charges may vary depending on design and complexity. Jewelry-making charges can affect the total cost, so it is important to inquire about these charges and compare them between different jewelers. Different jewelers may have different additional charges for different aspects of jewelry making.

Understand the buy-back policy: Familiarize yourself with the buy-back policy of the jeweler from whom you are buying gold. This will provide information about how much you will receive if you decide to sell your gold in the future. Different jewelers have different buy-back policies, and understanding these terms may influence your investment decision.

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Check for discounts and offers: During the festive season, many jewelers offer discounts and special offers. Keeping track of these can help you get the most from your investment. However, make sure you understand the terms and conditions of any offers or discounts.

Documentation: After purchasing gold, make sure you receive proper bills and documents. These documents contain information like purity, weight, and making charges of gold. They are necessary for any future transactions or insurance purposes.

Beware of risks: Gold is a valuable asset. It should be stored in a safe place, and it is wise to consider insuring it against theft or loss.