Dhanteras 2023: If you are also going to buy gold then definitely keep these 5 things in mind!
This is the time of the year when everyone buys gold in the form of jewelery or otherwise. In Hindu religion, buying gold on the day of Dhanteras is considered auspicious. Buying gold is more of an investment than an expense. You can always use the gold to make beautiful jewelery or sell it when needed.
But the market is full of duplicates and metals that look like gold but are not at all. So, to beware of duplicate metal and stay safe while investing in gold, there are a few things you should keep in mind.
Here are some things to keep in mind when buying gold:
Know the purity : The purity of gold is stated in carats. 24 karat gold is the purest at 99.9 percent and 22 karat gold is 92 percent pure. Each carat of gold is equal to 4.2 percent pure gold.
Making Charge: Customers are cheated of money in making charge. The making charge of each gold jewelery is reflected in the current gold rates.
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Man-made or Machine-made: The charges for machine-made jewelery and man-made jewelery are different. Machine made jewelery is cheap.
Check weight: Gold jewelery is sold by weight. The heavier the piece, the higher its price.
Sales: With the boom in buying of gold, its prices always keep increasing. Therefore, it is better to buy gold during off-season when prices are low and there are many offers.