Top 5 Things to Consider When Buying Gold Bars
The demand for gold is very high in India when compared to any other country in the world. Besides, people generally purchase gold in the form of either gold coins or jewelry or gold bars. Besides, there are a lot of e-commerce websites online like Amazon, Flipkart and etc from where you can purchase gold coins or jewelry as per your requirement. Besides, you will get the gold bars comparatively at a low price than the gold coins and jewelry. However, here is a list of few things that you should consider before buying them.
Have a look below to know what they are!
- Purity: Check the purity of gold before buying. There are some sellers who sell impure gold to their customers. Hence, you have to do proper research before buying gold bars or coins or jewelry. Karat is a unit which is commonly used by everyone to know the fineness of the gold. In short, you can know the gold purity using this unit.
The 18, 22 and 24 karat gold that you find in your local and online jewelry stores is pure gold with very low impurities. Below 18 karats gold generally contain high impurities. If you are planning to purchase gold for your personal purpose like for making jewelry then 22 karats would be fine. For investment purpose it is always better to choose 24 karats gold.
- Tolerance Level: The tolerance level of gold always depends on its purity. Check with the seller about the tolerance level and weight before buying gold bars.
- Certification: Buy Hallmark certified gold always to avoid ending up buying the gold more impurity levels. Check the BIS related sites in online to know about the BIS certified jewelry stores.
- Packaging: When you buy online they generally come with proper packaging. Don’t take the gold bars out of their packaging. Keeping them in the packaging helps you in maintaining the purity of gold.
- Return Policy: Check the returns policy before buying gold from any online store. Most of the online stores these days offer both exchange and returns. However, there are certain terms and conditions for it. Read the terms and conditions of the gold stores online before placing your order to avoid unnecessary problems in future.
Choose the best store online to buy gold bars with great purity levels at an attractive price!