Gold Buyers Looking Discount: Buying gold in India is not just an investment but also a special tradition associated with festivals and marriages. But amid the rise in gold prices, the purchasing pattern of customers seems to be changing. Now after reaching the shop, people are not just asking today’s price of gold and making the purchase, but are looking at the details of the entire bill. With the festival and wedding season approaching, demand for jewelery is again increasing. In such a situation, customers are especially eyeing the exchange of old gold, discount in making charges and installment plans.
How much will you get in exchange for old gold
If old gold is kept at home, then many customers are looking at the option of exchanging it while buying new jewellery. In times of high prices, this method can reduce the burden on the pocket. In recent months, jewelery companies have also attracted customers through exchange of old gold and various offers.
But just hearing the offer before exchange is not enough. The customer must ask how the purity of the old gold will be checked, how much will be deducted and how its final price will be added to the bill for the new jewellery.
How much is being saved in making charges?
Apart from the price of gold, making charges can also make a huge difference to the final bill for the jewellery. This charge may vary depending on the design and work. For this reason, offers with low or zero making charges are attracting customers. But it is not right to decide just by looking at ‘zero making charge’. Some plans may have other prices or terms that reduce total savings. Therefore, the customer must compare the total amount of the final bill with that of another shopkeeper. That means the real benefit is only if your total payment after the offer is less.
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Option of installments instead of paying money at once
Due to expensive gold, some customers are also looking at monthly installment plans instead of spending the entire amount at once. In such schemes, the customer deposits a fixed amount every month and buys jewelery from the same shop after a fixed period.
However, before starting such a scheme, it is important to read the rules carefully. It should be seen as to which day the price of gold will be decided in the end, how much discount will be given in the making charge and what will be the rules if the plan has to be abandoned midway.
Pay attention to the entire bill, not just the offer.
The most important thing while buying gold is that the customer should not take the decision only after seeing big offers. It is important to understand the total price of gold including price, weight, purity, making charges, other charges and taxes. The total bill may be different at different stores for the same design of jewellery. Therefore, it may be beneficial to compare the prices and conditions of at least two stores before purchasing.
FAQ
Why is it not enough to just look at the gold price while buying gold?
Because apart from the price of gold, the final bill may also include making charges and other charges. Therefore it is important to look at the total cost.
What to look for while exchanging old gold?
Be sure to inquire about the purity, weight, cut and actual price of the old gold after exchange.
Is the offer of zero making charges always beneficial?
Not necessary. The entire bill should be compared as the terms and conditions of the offer may vary.
What to check in installment gold purchase plan?
Be sure to check the duration of the plan, conditions of final purchase, date on which the price of gold will be decided, making charges and rules for leaving the plan midway.
What is the most important precaution while buying gold?
Shop after understanding the total bill and compare the prices and conditions of different stores.