While buying gold, goldsmiths hide these 5 secrets from you

Safe Gold Shopping Tips: Everyone wants to buy gold. When you go to a goldsmith's shop or jewellery showroom, goldsmiths hide many secrets in front of your eyes, which can also cause you harm. Therefore, before buying gold, definitely know these 5 secrets.

1. Hallmark is not everything

Goldsmiths will repeatedly say 'it is hallmarked gold', but even hallmark is not a full guarantee. Sometimes hallmark can also be fake or there can be mixing in the jewellery. While buying, definitely check the original logo of BIS and the 6 digit hallmark number.

2. The real income is in making charges

Goldsmiths do arbitrary things in the name of making charges. Sometimes they charge 8% and sometimes up to 25% making charges. Therefore, whenever you go to a goldsmith's shop to buy gold, first of all ask whether the making charge is fixed or based on weight. So that you can avoid paying more money. Before buying gold, do some research, compare rates and making charges at 2-3 places. You can get good profit from this.

3. Games of increasing the weight of gold

Some goldsmiths do such things in the design of the jewellery, which increases the weight, like thick base, more stones or extra filling. This makes your jewellery look heavy and you have to pay more money.

4. Big complications at the time of exchange

When you go to sell or exchange old gold, the goldsmiths reduce its value a lot. They make deductions in the name of making charges, damage, polishing. Therefore, whenever you buy gold, get the exchange policy cleared. This gives a lot of profit in the future.

5. There is a trap in the offer too

On festivals like Akshaya Tritiya, many big jewellery shops give offers like 'Buy 1 Get 1 Free' or 'No Making Charges'. These may sound great, but behind them often the price of gold is high or the quality is low. Don't get greedy and do a deal without checking it. Otherwise, you may have to pay more than what you can afford.