How To Sell Gold For Cash in India?

by SHGB Singh Gold Dealer

In India, households are set up on the foundation of marriage. An Indian wedding is incomplete without precious metals like gold, silver, and nowadays diamonds and platinum also. And when it comes to gold, it is worshipped as the luckiest and important metal.

Reasons Behind Buying Gold Ornaments

Whenever any Indian saves or earns money, he/she finds it more apt to invest that money in buying jewelry. This not only gives the person a new collection of jewelry but more than that. We can use gold for so many reasons. At times of financial shortages, we can use a lending system to extract money and later can release it by paying the interest. Also, we can sell our precious metal to get money for our harsh times. After all, this is what we are taught since childhood: to invest in things which can help us later.

Gold: The Helper At Times Of Need

But when it comes to counting costly metals which we can swiftly use later, we will only name gold because, during any financial issue or emergency, it's the through which we can get cash for our work.

But do we exactly know what to do to get cash for gold? Do we need to know how it's to be done? Yes, we need to. To get effective cash from the yellow metal we own, we need to know it very well. We need to understand the concept and process of selling precious metals for this.

Here are some steps with tips and advice which will surely help you when you give a thought to extract cash for gold in Delhi. Following these steps, the yellow metal can be swiftly exchanged for money.

Tips and advice to get instant cash against precious metal:

1. Keep an eye on the rise and fall in gold rate:

Always know the graph of the rate before deciding to sell it. If the rate is high, don't sell because you will get less than it must be. Due to wastage and making, your yellow metal will be reduced by money. So, always keep in mind to sell your precious metal when the price is apt for getting a good pile of cash out of it.

2. Always deal with trusted from around your locality:

These days it is quite difficult to meet or get any trusted gold buyer or dealer whom you can sell your precious metal at a good price. They may not give you the money to your hand due to the long distance. Also, prevent falling into fake traps of frauds and cheaters, their promising words don't always be justified.

3. Know the criteria for which your yellow metal will give you money:

Always be clear about the criteria through which you bought the gold. You may expect more than enough but won't be getting it. For instance, the money which you pay extra as making a charge, wastage on gold, design, and carving; you won't be getting any money for these when you sell the ornaments later.

4. Is the money you're getting justifies the gold you sold?

Always know the worth of your precious metal that you are going to sell. It should be worth the money you must get. Always keep an eye on the KARAT of your jewelry which you have.

5. Ensure that your buyer uses fair practice:

Your buyer must recognize the accuracy and precision you expect from them while selling yellow metal. They shouldn't use any unfairness or malpractice to lessen the price of your yellow metal. They should be fair enough to be trusted.

Several sites and companies offer higher ends for your scrap ornament with extra benefits as well. Offline and online options should be compared and then one best option should be chosen for sale. Being a precious metal, gold should be proved as a costly metal also.

Where To Sell The Gold?

Along with the local dealers and buyers, nowadays selling gold online for cash is also an effective way of getting instant cash.
You can sell your costly ornaments offline to local and trustworthy buyers who can transfer you the money instantly as soon as they receive the ornaments.
Also, you can go online and sell your ornaments.
There are many trustworthy brands like Tanishq, Caratlane, etc online. They will assure you of the best price for your ornaments.
You can also contact your family jewelers for selling your ornaments. They know you for years, so there is minimal risk of being cheated.
You can avail of different deals from shopping sites like Flipkart Sellers Hub to buy and purchase all products, even gold.
Nowadays, Muthoot Gold Finance is also a great option to go for. There are many uses other than selling your ornaments there.
Online, along with cash, interest, and cashback benefits can also be availed.
Also, if you sell your gold offline, make sure not to be cheated in terms of KARAT, weight, and purity.