Diwali Dhanteras 2024; Gold Purity (Real Vs Fake Hallmarking) | Important news- Be careful before buying gold on Dhanteras: Identify real and fake hallmark, ask these 3 questions to the jeweler.

Diwali It is considered a five-day festival. It starts from Dhanteras. This year the festival of Dhanteras will be celebrated on 29 October. Buying gold and silver on this day is considered auspicious. On the day of Dhanteras, a huge crowd of customers is seen at jewelers’ shops. In such a situation, everyone wants to make a purchase in a hurry. But gold is an expensive metal. Being hasty in purchasing it can be heavy on your pocket.

so today news of need I will talk about what precautions to take before buying gold on Dhanteras. You will also learn that-

Expert: Abhishek Soni, Jeweler (Gonda, Uttar Pradesh)

Tradition of buying gold on Dhanteras

Gold jewelery has been a part of Indian culture since ancient times. It is not only considered the most secure method of investment, but it is also a very popular jewellery. This is the reason why the number of people buying gold increases manifold during Dhanteras. Due to new designs, people get attracted towards gold jewelery and buy it in large quantities every year.

Question- What things should be kept in mind while buying gold jewellery?

answer- When it comes to buying gold jewellery, most of us like to visit stores, compare prices and then make the purchase. But during this time many important things are ignored. Like checking the purity of gold.

24 karat gold is the purest gold, containing 99.9% gold. It is very soft and flexible. Therefore jewelery cannot be made from it. Generally 22, 18 or 14 carat gold is used for jewellery.

But sometimes jewelers can tamper with the quality of gold. The jewelery which is sold as 22 carats, may be of 18 or 14 carats. In such a situation, the customer may have to suffer huge losses.

If you are planning to buy gold this Dhanteras, then definitely keep these things given in the graphic in mind.

Question- How to check the purity of gold jewellery?

answer- To check the purity of gold at the time of purchase, look for the hallmark symbol of Bureau of Indian Standards (BIS) on gold jewelery or coins. Hallmark is a government guarantee. The Government of India has made hallmarking of gold jewelery mandatory in the country from April 1, 2023. According to the Government of India, there should be three signatures on the hallmark made on gold jewellery.

Question- How can we identify whether the hallmark written on gold jewelery is real or fake?

answer- Hallmarking is a quality certificate issued by BIS, which guarantees the purity of gold. Many times jewelers while selling gold jewelery claim that it is 22 carat gold, even if it is of less than 22 carat purity gold. To avoid this type of fraud, you should be aware of the signs of genuine hallmarking. If you do not see the hallmark on any gold jewelery or the hallmark seems suspicious, then be cautious.

However, just because gold jewelery is hallmarked does not mean that it is genuine. Hallmarks can also be fake. Therefore it is very important to identify it.

Understand from the graphic below how to identify genuine and fake hallmarks.

Question- What important questions should be asked to jewelers while purchasing gold jewellery?

answer- As we all know that gold is an expensive metal. A slight manipulation in its quality, weight or price can result in loss of thousands. Therefore, before purchasing gold jewellery, definitely inquire about these three things from the jeweler.

gold rate in the city

Most of the gold in India is imported. Therefore, import duties, exchange rates and local taxes affect gold prices. Local taxes and jewelery making charges of the state and different cities also affect the prices of gold. Therefore, before buying gold coin or jewelery on this Dhanteras, definitely find out the price of gold in your city. There may be slight difference in gold prices in every city.

Be sure to ask about carats

Jewelers make jewelery according to different carats. There is a lot of difference in the rate of jewelery according to carat. Therefore, before purchasing jewellery, definitely ask your jeweler about its carat. Give its price according to carat.

Negotiate making charges

Generally, jewelers do not find much difference in the price when buying gold. Therefore, they impose making charges on jewelery as per their wish and charge arbitrary amount. Making charges are determined by the time taken to make the jewellery, labor and quality of the piece. Therefore, the customer must ask about the making charge at the time of purchase. You can also bargain according to the jewellery. This may give some discount in the rate of jewellery.

,

Read this important news also

Important news- Be careful while painting the house on Diwali: Paint may contain lead, dangerous for children.

The shiny lead-containing paints used for painting the house can prove to be dangerous for us. According to the World Health Organization (WHO), 1.5 million people in the world died due to lead exposure in the year 2021. Read the full news…

There is more news…