Gold Buy on Dussehra:The trend of buying gold on Dussehra is increasing rapidly. Buying gold on this day is considered very auspicious as it brings wealth and happiness and prosperity. For generations, gold has been a popular investment option and is considered safer than stocks. Gold also plays an important role in the investment portfolio.
This gold is used in making jewellery.
Talking about jewellery, various types of gold are available in the market on the basis of gold purity. precious metal It is very important to take care of purity while buying. Let us tell you that the purity of gold is measured in carats. If you are thinking of buying pure gold then it is 24 carat. However, you will not get jewelery in 100 percent pure gold. The reason is that gold is very soft and flexible. Due to this, 24 carat gold jewelery cannot be made. But gold bar or coin can be purchased in pure gold.
24 carat gold is pure whereas 22 carat gold contains some part of alloy. The most popular choice for jewelry is 22 karat gold, which contains 91.6% gold. In India, 22 carat gold jewelery is generally considered to be of standard purity.You will also get 14 and 18 carat gold jewelry. Keep in mind that 22 carat gold will be more expensive than 14 and 18 carat gold.
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Do not ignore hallmark while buying gold
Most people ignore the hallmark while buying gold. But you don’t do this. Before buying gold, make sure to check the hallmarking. Hallmark is government guaranteed. Which is determined by India’s only agency, Bureau of Indian Standards (BIS). BIS Hallmark guarantees the purity of gold. Therefore, do not buy jewelery without hallmark. While buying a gold coin, also check whether it is BIS certified or not.
There are five things marked on any gold item – BIS logo, a number indicating purity or finance like 22 carat or 916, logo of the assaying or hallmarking centre, year of marking and jewelers identification number. It has been announced by BIS that it will do hallmarking only on 22, 18 and 14 carat gold jewellery. This rule has come into effect from January 1, 2017.
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How much is the price with major jewelers, check the list here
| gold seller | Price of 22 carat (1gm) |
| Kalyan Jewelers | 7095 rupees |
| Malabar gold | Rs 7,095 |
| Joyallukas | Rs 7,095 |
| Tanishq | Rs 7105 |
(Note: This data has been taken from the official website of the gold seller included in the list on October 11 at 12 noon.)
How is the price of gold jewelery decided?
While arriving at the final price of gold jewellery, a formula is used, which is as follows. Final price of jewelery = (Gold price x weight in grams) + Making charges + 3% GST + Hallmarking charges. Jewelers also add making costs, which some people call waste fees. It is often calculated in terms of percentage or per gram. Some jewelers do a combination of both methods. They charge per gram after deducting 1% from the current price of gold.
