Things to Remember while Buying Gold on Dhanteras!

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Diwali is now only a week away, and it is believed that during these days only, Goddess Lakshmi comes to reside in the house. This beautiful festival of 5 days starts from the holy day of Dhanteras- the day of buying new things. This day greatly pleases the Goddess Laxmi and brings much happiness to the house. If you are able to buy gold, it is considered to be very sacred, but before buying gold, there are some things that you will need to keep in mind so that you choose purity and avoid being cheated.

In the past, there have been some serious questions about the purity of gold, that is why people choose Hallmark Gold only when buying gold. Since then, BIS Certified Hallmarked Gold Jewelry has gained a lot of importance.

 

What is BIS Gold Hallmarking?
The Indian Standards Bureau (BIS), prescribed by the Government of India, is the only institution which has been permitted to run the Gold Hallmarking scheme. These schemes, which come under the BIS Act,  license the jewelers and can get certified jewelers to book their jewelry from any recognized BIS center. Hallmark simply means that it has the stamp of purity. In such a case, if you are buying 22 carat gold then it will be 22 carats in the truest sense.

 

How to Identify Hallmark Gold Jewelry?
According to the criteria, there are 4 ways to identify hallmarked jewelry: 

1. Insignia of the Bureau of Indian Standards
2. In gold, purity should be in carat (meaning 22 carat gold would be written as 22k916)
3. The sign of the Gold Hallmarking Center where it has been identified as being pure
4. Stamp of the Certified Jeweler

 

What are the specific things to keep in mind when buying gold?

Gold carat
Gold is measured in carats. Every person should know how this criteria affects the purity and strength of gold. 24 carat gold (99.99 percent purity) means the most pure gold but due to the purity of 24 carat gold, this is very soft and cannot be made into jewelry. That’s why 22 carat gold (91.6 percent purity) is made by adding more metals like copper, zinc and silver to make your jewelry.

 

Cost of Jewelry Making (Making Charges)
When purchasing gold ornaments like bangles, necklaces and rings, one should pay special attention to the cost of making. Making Charges are calculated per gram. Always buy gold from a reputable shopkeeper as buying gold from an unknown shopkeeper can raise many questions on its accuracy.

BetterButter wishes you a Happy Dhanteras and a very Happy Diwali!

Image Source: Jewellery craze

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