Dhanteras: Things To Keep In Mind While Buying Gold On Dhanteras

Things to keep in mind before buying gold on Dhanteras.
raghav goyal
Lifestyle
Published:
Check before buying gold. 
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(Photo Courtesy: iStock)
Check before buying gold. 
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Dhanteras is celebrated on Trayodashi or the thirteenth day of Krishna Paksha in Kartik month of the Hindu Calendar. This year, the festival will be celebrated on 25 October. People worship Goddess Lakshmi and Lord Kuber on this auspicious day and seek their blessings.

Dhanteras is the beginning of the auspicious festival of Diwali. This day is the best time to invest in gold and other metals, hence, people need to check before buying gold on Dhanteras.

How to Check the Purity of Gold?

Gold purity is measured in carats. 24-carat gold is considered 99.9 percent pure whereas 22 karat gold is considered as 92 percent pure. One should never buy gold without checking its purity. However keep in mind that 24-carat gold is not suitable for jewellery, it is only for sonars, while jewellers mostly use 14, 18 or 22-carat gold.

Hallmark Gold Identification

While buying gold, do check for Hallmark as the purity of gold is known through it. Hallmark shows that the product is made on all fitness or purity parameters. Apart from this, jewellers' number and identification number are also written in it.

Gold price Information

While buying gold, you should be aware of the price of gold. Gold prices keep fluctuating every day. In such a situation, all jewellers tell the daily gold rate to their customers. Therefore, find out the prices of gold before buying it and then find for available discounts.

For example, the price of 10 grams of gold is Rs 38,500. In this case, the price of 22k gold (91.6 percent purity) will be around Rs 35,260.

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Expensive Stone Check

People in India also make different types of expensive stones to give a heavy look to the jewellery. In such a situation, expensive stones applied to the jewellery should also be examined thoroughly.

Making Charges

Making charges depend on the type and design of the jewellery. Apart from this, it should also be seen whether the jewellery is handmade or is it made from a machine. Machine-made jewellery has lower making charges than handmade jewellery.

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