Gold has gained immense attention due to its aesthetic and investment value. Indians hoard it during festivals and auspicious occasions. While jewellery is the most sought-after option for women, they also buy gold physically for investments. It is the direct way to invest without losing its value. You may use it for customising jewellery or sell it for profits.
You either buy gold biscuits or a silver coin for this purpose. They appreciate overtime to give you high returns. Irrespective of your choice, consider their worth before making the purchase. There are several dimensions used for defining this. You get a good deal once you research based on your budget and investment needs. Following are the parameters to consider when buying gold biscuits online:
Purity
When it comes to gold, purity matters. Measure them either as karats or fineness. The former is a standard method, while the latter means the weight of the precious metal content. The highest form of purity is 24 karats. Fineness, on the other hand, gets measured in parts per 100. Consider these for getting the real value while buying a gold biscuit.
Weight
Physical gold is available in different sizes. This leads to fluctuations in price and its resale value. Hence, check their weight while purchasing. Before proceeding, check for its price movement too. Manufacturers typically produce biscuits ranging from 0.5 grams to 100 grams. If you want a higher weight, get it custom-made. Before doing so, look for its availability and the effect on the price.
Certification
Buyers generally struggle with their authenticity. The primary factor contributing to its value is its rarity. But there are replicas in the market. Hence, checking the credibility becomes essential. The best means for this is hallmarking. Authentic jewellery and biscuits get a hallmark stamp from The Bureau of Indian Standards. Check this while jewellery shopping online.
Making charges
The manufacturing process influences the making charges applied to gold jewellery. This depends on the effort and craftsmanship used in creating these delicate designs. Hence, the gold cost increases and surpasses its actual price. Although biscuits also attract making charges, they are comparatively affordable. The cost is between 8% to 10%. Assess this during online jewellery shopping to get the right price.
Packaging
Biscuits come in special packaging. This affects their purity while handling them. It is also a guard against damage, counterfeiting, and fraud. Jewellers offer no validity against adulteration for tampered packages. Hence, it is advisable to check tamper-proof packaging to ensure the purity and fineness remain intact. Do this initially after buying from online jewellery sites. Also, avoid tearing the package if you intend on reselling it, as this affects credibility.
