Gold Buying Guide — Gondilal Saraf

Question 1

Understand Gold Purity (Karats)

Accepted Answer

24K (999) = 99.9% pure gold — best for coins and bars. 22K (916) = 91.6% gold — the Indian jewellery standard. 18K (750) = 75% gold — for studded and daily-wear pieces. Always ask what karat you’re paying for.

Question 2

Get a Proper Invoice

Accepted Answer

Your bill should clearly state: net gold weight, gross weight, stone weight (if any), karat purity, making charges per gram, and GST. If anything is hidden or unclear — that’s a red flag. An honest jeweller hides nothing.

Question 3

Ask About Making Charges First

Accepted Answer

Making charges (craftsmanship fees) depend on design complexity. Machine-made costs less, handcrafted costs more. Always ask for making charges upfront per gram — an honest jeweller never hides this.

Question 4

Know Today’s Market Rate

Accepted Answer

Before visiting any shop, check the IBJA rate online. That’s your benchmark. If someone’s rate is much higher or lower than market, ask questions. At Gondilal Saraf, we always offer transparent, market-aligned rates.

Question 5

Selling Old Gold? Know Your Rights

Accepted Answer

The buyer should weigh in front of you, properly test purity (XRF machine or acid test), and quote rates based on market value. If someone’s rushing you or offering low rates — walk away immediately.