Buying Gold For Your Loved One On Karwa Chauth, Know What To Keep In Mind

New Delhi: The festival of Karwa Chauth is very special for every married couple. While women observe a fast without water, husbands also strive to keep their wives smiling. If you're planning to gift gold to your loved one on this day, you should keep a few important things in mind. Gold prices are skyrocketing these days. Therefore, buying jewelry can be even more expensive if you're uninformed.

From small earrings to buying a gold necklace... from testing the purity of gold to determining the price, it's crucial to know all these things. Buying gold in India isn't just a hobby, it's also a form of investment. Therefore, it's important to consider not just the design, but other factors as well.

Gold purity test

The first step when purchasing any gold item is to verify its purity. The best way to do this is to check the hallmark affixed by the Bureau of Indian Standards (BIS), an official authority on the jewelry. This indicates the caratage of the piece.

Basic information about hole marks

You should also know how to check the BIS hallmark, as any jewelry has a unique number engraved on it along with the BIS stamp. It also includes the year of the hallmark and a mark identifying the jeweler. To determine the purity of the gold, or its carat, look for the letter "K" on the jewelry. If the jewelry is marked 916, it is 22 carats.

Check the changing price

The market price of gold depends on its purity. Remember that the price of gold fluctuates daily. Therefore, you should find out the current price of gold in advance. Consider the gram and carat weight of the jewelry you are purchasing, add the price accordingly, and also determine the making charges. Only then pay the correct price.

Negotiate the making charges

Making charges can often vary at different jewelers. Therefore, you should research the market. Don't hesitate to negotiate a little with the jewelry store, as this is a customer's right.

Weight check and final bill

If you've chosen a design that includes enamel work, stones, or gemstones, you should separately determine its total weight. Always ensure you obtain a proper bill after purchasing jewelry. This will provide complete proof of the weight of the stones, gemstones, gemstones, or pearls, the amount of pure gold, the making charges, and the GST. Be sure to check all these details on the bill.