Gold Rate in Haridwar Today

Factors to be Considered When Buying Gold in Haridwar

If you are planning to purchase gold in Haridwar, here are some factors you should consider:

1. Purity: Checking purity is one of the most important aspects of purchasing gold. Gold jewellery and coins are made from a combination of gold and other metals. The purity of the alloy is determined by the percentage of gold in it. Karat and fineness are two ways for assessing purity.
2. Hidden charges: There are numerous hidden charges associated with purchasing gold jewellery. You must always look for making charges (7% to 25%), GST (3%), etc. Also, remember that storage charges can significantly increase the cost of insuring your gold.
3. Gold rates: The price of gold fluctuates every day and varies from one jeweller to another in Haridwar. Always check live rates if you are investing in the stock market. Labour charges also influence the price of gold. Therefore, you must always check the current gold rate before buying gold.
4. Hallmark: Hallmarking is used to determine the purity of gold jewellery. In India, the Bureau of Indian Standards (BIS) regulates gold certification according to the standards of the Indian government. It comprises purity, hallmarking date, and the jeweller's identity.
5. Buy-back rates: Buy-back rates are essential for maximising your investment profits. Jewellers provide a buyback option so that you can trade your old jewellery. Thus, you must always talk to the jeweller and understand the buyback policy before you buy gold.