Sell Gold in 5 Simple Steps

 

Are you in need of urgent cash for gold by selling it? It can be difficult to find the right place where you can sell gold in Bangalore. Then you might want to consider selling your gold to gold buyers in Bangalore. This way you can get actual cash in just 5 simple steps. The following are those 5 simple steps:

  1. Visit the Store to Sell Gold:

Whenever you are about to sell gold then you should try selling gold only at the gold dealers store. This way there are no chances of you being duped while the gold is in-transit to the store. When you visit the store by yourself, you can witness the transparent process of selling gold. 

When you decide on one store to exchange gold to cash, you can receive your cash instantaneously. The entire process takes less time.

  1. Gold Cleansing:

Once you handover your gold to the gold dealer the first thing they will do is cleaning your gold from dust and other foreign bodies. They also remove any gemstones attached to your gold to remove dirt on your gold. 

These days many gold buyers use hi-tech machines to clean your gold in a few minutes. Other gold dealers tend to still use the traditional method of cleaning gold.

The reason that gold is cleansed before evaluating is that after removal of dirt, it becomes easier to determine its weight, purity and come up with the exact price.

  1. Valuation

After cleansing your gold, the gold buyer will determine the value of your gold. This value is achieved after checking the weight of the gold material you brought to the store. 

What also adds up to the valuation is the purity of gold. If your gold is 24K then you get the value of gold on that day. If it is any other karats of gold then you get the value equivalent to the percentage of gold present in it. 

For example, let us say you have 22K gold. It contains 92% of gold in it. If that day’s gold value is Rs. 4,500 per gram, then your gold ornament can receive 92% of 4,500. So your gold is worth Rs. 4,140 per gram.

  1. Price Disclosure

You will receive payment only when you accept the final value the gold buyer is offering. The gold buyer would charge you only service tax on the total value of your gold. 

Other gold dealers would put more charges on your final value. This would make you end up with lesser value for your gold.

  1. Instant Cash

Once you accept the price offered by the gold dealer, you should receive actual cash as soon as possible. Any gold dealer should not take more than 12 hours to pay you for selling gold. 

A gold buyer would make sure you have the money using payment methods such as UPI, IMPS, RTGS or NEFT. Never accept any other delayed methods because they can trick you off your gold.



Location: No 16, DVG Road, opp. to Krishna Sweets, Diagonally, Basavanagudi, Bengaluru, Karnataka 560004

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