Check the Purity (Karat & Hallmarking):
- The value of gold depends mainly on purity (22K, 24K, 18K, etc.).
- Prefer selling hallmarked gold as it ensures fair valuation.
Know the Current Market Price:
- Gold rates change daily.
- Always check the live gold price before selling to avoid being underpaid.
Get Multiple Quotes:
- Different buyers offer different prices.
- Compare at least 2–3 gold buyers before finalizing.
Understand Deductions & Testing Methods:
- Buyers may deduct for stones, impurities, or melting loss.
- Ask for transparent testing methods like XRF machine testing instead of just acid testing.
Choose a Trusted & Licensed Buyer:
- Always sell to an authorized gold buyer or a reputed shop.
- Avoid pawn brokers or unregistered dealers who may undervalue your gold.