The Do’s and Don’ts of Buying Gold Earrings
Buying gold earrings is a lifetime investment. Gold is the most versatile metal when it comes to jewelleries and they keep giving lifetime returns. Gold also has the highest resale value among all other metals. That is why gold will always continue to be the most highly sold and highly preferred metal while buying jewellery. But, buying gold jewellery isn’t as easy as you thought it would be. It has its own do’s and don’ts that you must keep in mind while purchasing gold earrings. Let’s see what they are.
- Do Check How Pure the Gold Is
When buying gold earrings, the first thing you should look for is the purity of gold. The best way to do that is to check for the hallmark symbol. This will indicate the official proportion of gold in that jewellery. Now, how will you look for the hallmark? Hallmarked jewellery has a BIS stamp to it along with a number. It also has the year of hallmark and the jeweller’s ID mark. Also, look for the K mark, which shows how many karats the earring consists.
- Do Cross-Check the Price
The price of gold depends upon how pure the gold is. One thing that you should know is that the price of gold changes every day according to the market rate. All big jewellery stores will display the rate of gold for the day. But, the small shops don’t. So, check the price before you visit the small stores.
- Do Bargain on the Making Charges
Gold earrings include making charges, which is basically the labour cost for making the jewellery. Every shop has its own rate of making charges, which is a certain percentage of the gold price. These costs are unorganised, and you can always negotiate with the jeweller to lower the price. The machine-made pieces, which have little artwork, have lesser making charges. On the other hand, if you want intricate designs, you would have to pay higher making charges.
- Don’t Buy Stone-Studded Jewellery
They might seem prettier, but with stones studded in gold, you can never check for how pure the gold is. You might be paying more than what the piece of jewellery costs. Do you really want to get cheated while buying gold? Avoid stone-studded earrings. If you still buy them, always ask for a break-up of the gold quantity. Also, you will be paying more making charges for such earrings as these require intricate designs.
- Don’t Sell the Jewellery to Just Any Jeweller If You Want to Exchange It Ever
There might be times when you would want to exchange or sell the gold earring and get something better. In such cases, you should know the resale value beforehand. Most stores have a buyback policy where they give you 100% of the value of the gold earring. There are others that will give you less. So, it is always better to go back to the same jeweller from where you bought it to sell your earring. But, while exchanging, you will only get the value of the gold and not the making charges and other costs.
Now that you know the do’s and don’ts of buying gold earrings, these will come handy the next time you make a purchase.