Office No 513, Above bagicha restaurant opposite punjab national bank Mahatma Gandhi Road +91 7887881665

Gold Valuation

Gold Valuation

Gold Valuation
Gold has been an indivisible element in today’s world. India itself accounts for an annual demand of 25 percent of total physical demand in the world. But with Gold prices getting affected by numerous factors, it becomes a bit difficult to predict the current price of gold of unknown purity and quality of gold in the market.

What is Gold valuation?
Gold Valuation is the process of calculating or examining the gold through certain methods to determine the price, quality,
and purity of a given gold. The value of gold is estimated professionally by gold experts known as Valuers. It is an advanced process that involves proper examination and usage of appropriate technologies.

How to get the most of your jewellery?
So, if you are looking to sell your Gold jewellery or planning to take a gold loan, you must have a little knowledge about Gold
valuation. Before taking your Gold for direct selling into the market, get your gold a gold Valuation therapy. Take it to a certified gold
expert/Valuer or visit IGT’s nearest outlet to get the gold Valuation at no extra cost. However, Local Jewellers should be
avoided as they might report false to you for their selfish reasons and leave you at a loss.

Why Gold valuation is important before Gold loan?
A well-aware and smart buyer who has done a lot of prior research brings in more profit for himself than the one who lacks
market research and unaware of the facts. Before availing of the gold loan facility, Gold valuation is a must. When you take your gold for valuation, you would be able to know the price at which it will be sold in the market. You could also safely sell your gold if you have known the purity and quality of your Gold jewellery so that no other buyer could
fool you in wrong practices.

Factors to consider in the gold Valuation process
Being a smart buyer, there are a few things that you need to bring to be happy to assist you and giving every possible
information about the gold item. We believe in keeping complete transparency to our customers so that they are comfortable and satisfied with our service. However, the charges for gold Valuation are no more than Rs200-Rs300. You should also inquire if the Gold expert you have taken your gold for valuation has a proper billing structure or not. A bill is a must for future necessities so that no problem may occur at any time in the future.

Also, while taking your gold for valuation, look for any stones or gems embedded in it. These could be used as a fooling or looting trick by local Jewellers for sell gold for cash . They will not tell you the price for the Studded Jewellery in it. Studded jewellery included the

stones or gems affixed in the jewellery. The right calculation should be made on the entire weight of the jewellery minus the
weight of diamonds and gemstones. Once the gold Valuation is complete, there are a few things which you should keep a note of. These include the date on which valuation has been made, Description of each item of jewellery, Total gross weight of each item of jewellery, Net weight of Gold, Weight of the studded items, GST rate.

Types of Gold karats
The purity of the gold is measure using a term called Karat. Different types of karat gold are available in the market. However, you should be aware of the karat of gold which you

intend to buy paying its appropriate price.
1. 24K gold
24 karat is the pure gold that is the gold is not mixed with any impurity. This is the higher form of gold and usually takes a
yellow bright color. It is also the most expensive form of gold than the other forms.
2. 22K gold
22 karat gold is made with 22 parts of gold mixed with 2 parts of impurity. These impurities could be in form of zinc, nickel,
silver. This type of gold is usually used in making jewellery.
3. 18K gold
This type of gold is the most unpure form of gold where 18 parts of gold are mixed with 7 parts of impurities. Here the pure
gold percentage is 75 while impurities account for 25 percent. It has a dull yellow color. The hallmark jewellery is relatively easier to check than the jewellery pieces that do not have a hallmark. Hallmark is an impression made by the jeweller that it is genuine and crafted from genuine molten gold bullion. You can easily look for these marks or stamps on your Jewellery pieces. The stamp or mark includes the karat, also called the purity, of the piece, such as 14K or 24K. You can also look for the manufacturer’s stamp
which will tell its Genuity and original nature.

Calculate the value of Gold yourself
Value of Gold in the sample = (Weight of Gold x Purity of Gold x
Rate of Gold today) / 24
And for percentage purity,
Value of Gold in the sample = (Weight of Gold x Purity of Gold x
Rate of Gold today) / 100

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India Gold Trading Office No 513, Above bagicha restaurant opposite punjab national bank Mahatma Gandhi Road
 +91 7887881665
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