00:00For us Indians, buying gold is not just an investment. For us, gold is an emotion.
00:07For us Indians, gold is considered very auspicious, whether it is a wedding season or a festival.
00:13Any occasion is incomplete without gold and people buy gold as an investment.
00:18And for middle class Indians, buying gold is a big investment.
00:23Before buying gold, we will tell you in detail what you should keep in mind.
00:30First of all, let's talk about the purity of gold.
00:34Let's first understand the difference between 22 and 24 karat gold.
00:3924 karat gold is pure gold, whereas 22 karat gold has some alloy, which makes it more durable but a little less pure.
00:47The purity of gold is measured in carats and in India, 22 karat gold jewellery is standard pure.
00:54Before buying gold, check its purity and make sure to check the BIS hallmark.
01:00Now let's talk about the making charge.
01:02When you buy gold jewellery, the making charge is included along with the price of gold.
01:08The making charge is the cost of designing and preparing the jewellery.
01:13Before buying jewellery, understand the making charge so that you don't have to charge too much.
01:19Check the weight of the gold yourself so that you can understand the costing and you will have to pay the charges accordingly.
01:26Because we are shopkeepers, we don't take bills while buying gold.
01:31But the bill is the most important thing.
01:34While buying gold jewellery, always take a receipt or a bill.
01:37This will help you prove that you have the ownership right in the case of gold jewellery being stolen.
01:45Now let's talk about the buyback policy.
01:47Some jewellers offer a buyback policy on gold jewellery.
01:51This means that you can sell the jewellery back to Zohri at a fixed price later.
01:57Apart from jewellery, if we talk about gold coins, gold coins come in temper proof packaging.
02:03Temper proof packaging ensures the purity of the coin.
02:08That's why while buying gold coins, make sure that the coin comes in temper proof packaging.
02:13If you want to sell it later, you will have to keep its packaging intact.
02:19The last and most important thing.
02:21Understand the structure to buy gold.
02:24When buying gold, get information about the price, purity and making charge.
02:29While buying jewellery, make sure to ask about the making charge.
02:33This charge is not the same.
02:35And every jeweller's making charge can be different.
02:38There is an increase in gold prices every day.
02:41In this case, make sure to check the price of the day before buying gold.
02:46Before buying gold, always decide your budget and be consistent on it.
02:51So before buying gold, share all this information with your friends and family.
02:57And give us your opinion on this in the comment box.
03:00And keep watching GoodReturns for such updates.
03:03Don't forget to like and subscribe to our channel.
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