Selling gold is one of the most basic practices that we humans indulge in to get instant money. We have been doing it for thousands of years now and it seems that we will keep on doing it for a long time. The recent upheavals in the sector of Investments have increased our faith in gold even more. As the Indian economy collapsed, we witnessed a fall in the prices of many Investments. People who had invested heavily in real estate, share market, or even Cryptocurrencies, witnessed a huge fall in their returns. But at the same time, we saw that the prices of your jewelry actually increased. This is due to various factors and several international forces were at play. But the fact remains that when all other Investments were going down, your jewelry was going up.
This is why people trust gold so much. As they know that whatever is the case, they will get a handsome price for it. But the problem is that there are some risks involved in this whole transaction. Let us see what are these risks and how you can cope with them.
What Precautions You Must Take
You must keep in mind that the
price you would be getting for your gold will totally depend on purity of your
The price that you hear in the
news or any other website is of pure 24 Karat gold. As we know that jewelry is
never made of 24 karat, you would get less for it.
Make sure that you do not get
trapped in the web of brokers. Keep in mind this simple rule that the bigger
the chain is, the less will be your cut.
This is why it is advised to Sell Your Jewelry directly to the genuine buyer so that you would get the best price
for it without any cut.
How to sell your gold online
To sell your jewelry online you
buyer must have an online portal where you all can register and contact your
As you contact him, a secured
parcel will be mailed to your home in which you need to mail back your jewelry.
The purchaser will assess the
value of your gold and mail you the most genuine price for it.
This is one of the safest ways to
sell your gold online.