Indeed, apart from jewelry that is used daily, many people also use gold for investment. The reason is because the type of metal that is synonymous with luxury has a relatively stable price in the market.
So it is very important to understand how to buy good gold before going to a jewelry store. Moreover, there are types of gold jewelry and bars and have different carat levels. Therefore, know in advance some tips for buying gold jewelry in the following commercial stores.
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The existence of a decrease in inflation or an unexpected increase in the value of money in the market does not really have a big impact on the price of gold. No wonder this starting metal is the most appropriate object to invest in. Even so, buying gold precious metal should not be careless. If it’s your first time buying at a store, pay attention to the following important tips:
1. Check Today’s Price
The price always fluctuates every day, can go up and down. So make sure you check the latest price updates today before going to the store. It is better to buy when the price is down so that you can sell it and make a profit when the price goes up.
2. Check the Rust Level
Tips for buying gold jewelry in stores by looking at the carat content which indicates quality. The higher the carat content, the higher the quality, and the more expensive the price. For investment, people usually prefer 24 carat grade with 99.99% purity.
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But if you want a bracelet or ring, 10 and 12 carats are good enough even when exposed to hard surface friction. Meanwhile, if for the purchase of earrings or necklaces, it is recommended to buy with levels of 14-18 carats.
3. Check the Condition Before Purchase
Before paying, first make sure that there are no defects, scratches or pieces. Also check whether there are stains left on the jewelry, do not buy products that are not perfectly shiny because it can affect the selling price later.
In addition, if you buy necklace jewelry, it is better to choose one that uses an S key because it is more durable than a press lock. It’s better to buy one that has a certificate, so selling it is easy.
4. Check Store Reputation
Don’t just aim for cheap prices, make sure you buy at a gold shop that has a good reputation. Moreover, the price of gold in the market with the same level is not much different. It’s best to be careful with stores that lower their prices too below market.
5. Avoid Gold Plated Jewelry
Be careful with cheap jewelry, usually only the gold layer. This type cannot be used as an investment and when resold is also more difficult. That’s why you should buy through a reputable shop.
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6. Save the Purchase Receipt
Each purchase of jewelry will be given a complete memorandum along with information on levels and pictures/shapes. Save the paper carefully because it is an important condition if you want to resell it. Usually the selling price will drop a lot if the buyer can’t show a proof of purchase. So don’t let trivial mistakes like this cost you a lot in the future.