• Gold is among the most precious metals, both financially and sentimentally. Indians hold gold in high regard and view it as a symbol of good fortune. Consequently, you will observe many individuals purchasing gold during significant occasions like weddings, ceremonies, and notable religious events such as Dhanteras. It is widely believed in India that buying gold on Dhanteras increases your investment and boosts your wealth. For this reason, people line up outside jewelry shops to acquire gold jewelry on this particular day. If you are also considering purchasing some exquisite gold pieces this Dhanteras, we have the finest tips for you. From selecting the most appealing items to protecting them with gold insurance, we will provide you with comprehensive information. Take a look.

Top 7 tips to help you choose the perfect gold items on Dhanteras

Outlined below are several of the most effective recommendations to keep in mind when you go gold shopping:
1. Check the purity
To start with, you should verify the purity of the gold. Gold comes in 24 karats, 22 karats, 18 karats, and 14 karats. The greater the purity, the pricier it becomes. You need to determine what type of gold you desire. Many traditional designs are crafted solely in 24-karat gold, whereas contemporary designs are more appropriate in 14 karats. To comprehend what you plan to buy, it is essential to create an investment strategy in advance. Include the intent behind your purchase. If your goal is purely investment-related, seek gold with the highest purity. However, if you aim to buy jewelry for everyday use, you might consider a lower karat marking. Additionally, you must consider your budget and how much you can afford for the purchase.

2. Verify the making charges
Various jewellers impose differing making charges. The making charge is crucial as many gold ornaments are crafted by hand, leading to increased charges. This additional cost is added to the total price of the jewelry you acquire. Conduct your research and purchase from the establishment that offers a fair making charge. Nonetheless, in doing so, ensure you do not compromise on the quality and design of the gold. It is recommended to obtain gold from a reliable jeweller who provides you with the BIS (Bureau of Indian Standards) hallmark certificate. This guarantees the purity of the gold. Bear in mind that gold is not merely a possession but an investment as well – so exercise caution regarding all aspects when making your purchase.

3. Check the weight of additional gems
You frequently come across gold jewellery that is embellished with extra gems such as diamonds and emeralds. The value of these precious stones differs from that of gold. Nevertheless, at times, jewellers may assess you based on the total weight of the entire piece. Therefore, you ought to be cautious when purchasing the ornament. Confirm the precise weight of the gold as well as the weight of the supplementary gems. Ensure that the calculation has been performed based on the actual weight of the gold utilized. This will assist you in obtaining a good and fair deal, and it will also benefit you when you decide to resell.

4. Verify the making process
As mentioned, many gold items are handmade, which increases their prices. Nowadays, however, numerous items are produced by machines. The straightforward, contemporary designs that are typically worn regularly are mostly machine manufactured. You should inquire about the making process when you shop for gold. The machine-created items are generally less expensive than handmade items. The jeweller should provide the accurate making charges based on the manufacturing method. Many individuals who wish to buy a token item on Dhanteras prefer the machine-made designs, as they are cost-effective and suitable for frequent use.

5. Seek deals and discounts
Gold prices tend to vary nearly every day. This occurs due to fluctuations in the global markets and an increase in gold sales worldwide. Gold prices also rise during periods of high demand, such as the wedding season or festive occasions. However, some jewellers present enticing deals and discounts. For instance, you may choose an item, lock in the price on a previous day, and then make the symbolic purchase on Dhanteras. Additionally, substantial discounts are often provided on the making charges, thus lowering the overall cost of the ornament. Keep a lookout for all such deals and discounts to secure the best value on Dhanteras.

6. Assess the resale value
Gold is frequently acquired as an investment, so it is important to understand the resale value of the gold item you purchase. Most reputable jewellers nowadays offer a guaranteed buyback option, allowing you to resell the item to them at a favorable price. Inquire with your jeweller regarding resale options. Aim for simpler designs, as during buyback, the weight of the gold will be mainly taken into account rather than the making charges. Acquire an item that will yield you the highest resale value. However, if you intend to buy solely for personal use, then do not compromise on the design.

7. Think about acquiring gold bars
Many individuals nowadays prefer gold bars over gold jewelry items. A bar is simply a solid piece of gold without any extra fees. It serves as an excellent investment. The value increases, and you receive the entire amount when you sell it. If you are purchasing gold as a holy symbol during the sacred event of Dhanteras and do not plan to use it personally, think about selecting a gold bar. You can pick a bar that aligns with your needs and tastes. Acquire it in its purest form and in a size that is appropriate for you, and you will achieve a remarkable investment.

8. Think about insurance coverage
Gold is costly, so it is important to keep it safeguarded at all times. To achieve this, you might choose a bank locker. However, it comes with certain limitations. If you prefer to secure it in your own home, consider obtaining a property insurance policy that protects the valuables in your residence. Many contemporary home insurance plans include provisions for valuable coverage, which encompasses gold coverage. If your gold items are lost, stolen, or damaged in a fire, the insurance company will reimburse you for the loss. This is a prudent and efficient method to ensure your gold remains secure in your home and accessible when needed.

The final word

Purchase gold this Dhanteras to receive blessings from the Almighty during the festive season. Keep all the recommendations mentioned earlier in mind, and you will certainly be able to make an excellent purchase. Afterward, think about protecting your precious jewellery with comprehensive gold insurance coverage to secure it for an extended period.

Disclaimer: The information provided above is for illustrative purposes only. For additional details, please review the policy wordings and prospectus prior to making any sales conclusion.