It goes without saying that this yellow precious metal has become more than a financial investment in today’s times. This metal is an emotion for the people in India. Weddings, family functions, and festivals like Dussehra, Dhanteras, and Diwali are incomplete without it.

But buying sophisticated jewelry and other precious accessories is not the only way people invest in this metal. Today, people buy and sell gold coins as well and it has become one of the most popular methods of investing in this metal’s bullion.

So how can you make use of this opportunity and transact in such valuable coins? What should you be knowing before buying them for yourselves? Keep reading ahead to find out the answers!

What to Know Before Buying For Cash for Gold?

People invest in these precious metal coins because they are available in the smallest of weight denominations and hence suit people from all budget levels. Furthermore, it is needless to say how valuable and in-demand this metal is in the market. Hence, before going into investing in them, there are certain things that you should keep in mind:

  • Purity Of Gold

The most essential thing to know before buying such coins or any other accessory made out of this valuable yellow metal is its purity. Check the karat value on the coin and look for the hallmark stamp that certifies and assures how pure a certain ornament is.

Normally, the options would include 18K, 22K, and 24K, because these are the most popular purity variants of such assets. In case you already possess such items and want to get the highest cash for gold against them, then you can get them checked at the nearest buyers for their value.

  • Weight

Another crucial factor that plays a vital role in determining the price you get in the transaction is the weight of the item. Depending upon the purity percentage and the total weight of your possessions, dealers can determine the true weight of the pure yellow metal that is in the composition and the other extra metals in it.

If you know this data well, you will be able to get the best deals for yourself when selling them.

  • Making charges

When people sell such items to local gold buyers and unprofessional people like small investors and pawnshops, they end up with a loss on their items as such venues cut a lot of costs in the name of making and melting charges.

In reality, making charges are usually only between 8 and 16 percent. These are very low as compared to sophisticated jewelry items because they can increase in price with their craftsmanship and detailing.

  • The Package

Whenever buying such articles, look for tamper-proof packaging that guards the article against fraudulent activities, counterfeiting, and getting damaged. This also ensures the people the purity, quality, and credibility of the coin.

  • The Bill

In today’s times, besides hallmark, getting a proper bill on such high-value transactions has become mandatory. Make sure you get the bills and have all the details in them, like the jeweler’s name, karat value, making charges, live rates of the metal, weight, composition, etc.

Such a document helps you certify the legality and true ownership of the asset so that you can later sell them in times of dire financial needs.

How to Sell Gold Coins In India?

The next most important thing to know when buying such items is how to sell them and get the highest possible market value returns against your gold coins. Because that is the whole point of investing in such articles in the first place.

Normally, as mentioned above, local firms cut a lot of money in the name of additional charges to make a profit for themselves.

Furthermore, when buying them, you pay only for the accessory and not for the extra charges. This means when selling to local venues, you end up getting exponentially a lot lesser value than what you actually deserve!

Hence it is important to reach out to well-experienced and professional gold buyers in the industry such as Cashfor Gold and SilverkingsPvt Ltd. They are known for their professional approach to the job and not bothering their clients with the unnecessary hassle.

First of all, they do not cut any extra charges for an illegitimate profit. Secondly, they use the latest industry-quality testers to properly evaluate your items and determine the returns to give you for the actual worth they hold, irrespective of the size, purity, and weight of your coins.

This is the reason that people have always trusted them with their possessions and they have been able to stand straight in this industry for over twenty years and carry such knowledge and experience of the job.

Furthermore, for your convenience, they provide you with their easy home service where you can just call their staff to your doorstep and make the deal. This makes the transaction process even easier and you get quick money against your possessions in the comfort of your homes. What else are you waiting for?