How Jewellers Cheat Customers
Gold live price is an Android application which shows the real time gold and silver price in homework-help.us Price is in rupees per gm for 24 karat gold and 22 Carat. Today I bought 22ct 25gm gold from Shubh. They charge approx rs more per gram than the current market rate. The shubh shops in krpuram and mg . Are you planning to buy or sell gold, do you wonder what is the gold price today? How price is fluctuating, Is it right time to buy gold today? If you encounter.
Gold purchased in Bangalore is primarily used for jewellery because in India gold jewellery plays a prime role in most of the occasions. The twenty-two carat gold rate in Bangalore today has witnessed a gradual rise over the course of the year and is on an inclining trend. So, if you are looking out for a valuable investment, gold can be a great option for you.
Along with international trends, the advent of GST has also reflected on the gold rate in Bangalore as well. This has increased the total cost by 1. Big players in the gold industry are benefitting from it, as it has neutralized both the organized and unorganized sector. Customers can now purchase from small and big dealers, at the same price, as it has reduced the drastic gap between the two. Is it a Good Investment? Investing in gold will greatly diversify your risk profile and your investment portfolio.
Investment in Gold has most of the time yielded good returns in the long run, due to its steady increase in price. So, it is definitely worthwhile to consider investing in gold in Bangalore. Gold as an Investment in Bangalore The investment portfolio of gold is distinguished for its stability.
Indians believe in investing in gold for the long term benefits, which they get in the form of returns. Bangalore is considered to be a safe haven to invest in gold jewelry, ornaments, gold coins or bullions, as people here view it as an important investment to keep their wealth intact.
It is widely used for multi commodity exchange as well. There are several jewelry stores in Bangalore, where you can buy genuine gold products for investment, as well as personal use.
But before making the purchase, it is advisable that you do some online research to know about gold price today in Bangalore, so that you make an informed decision. The gold prices keep on fluctuation every day, so you need to check on that particular day as well. Make sure that you get the purity certification from your vendor against the jewelry that you have purchased. This ensures that you have invested your money safely, and it is only possible to exchange certified jewelry on the current gold rate in India.
Nonetheless, all the big players provide their customers with the same. You need to care about is, getting it from the small vendors as well. Either you can invest in gold coins or jewelry.
Below mentioned are a few viable investment opportunities in gold - How about investing in gold coins? You can make the purchase directly from banks or from any of the big or small stores or dealers in Bangalore.
The purpose of buying a gold coin is either to gift during marriages or festivals, or to sell it once price rises higher than the price at which you bought it, to serve your investment requirements.
The bride and groom are gifted many gold items, which they either wear on special occasions or use as investments later. The market gold rate is the actual price of the metal, and if you buy jewelry, the jeweler will levy making charges or labor charges on it. Make sure that you buy certified jewelry, so you get the current exchange rate on your jewelry minus the making charges.
Gold bullions - Bullions are bigger in size as compared to gold coins. They are mostly purchased in kilograms. They are usually cast in the form of bars or slabs and are used to make high-value investments.
They are purchased at the prevailing gold price in the city and are considered to be a great medium of investment, especially, if you want to get returns similar or higher than your investment cost. Exchange Traded Funds - Investing in gold traded funds is a lucrative option to keep your money safe without needing to keep it with you. You can easily exchange them for cash if you need some money on urgent basis. You can also purchase 14 karat gold jewelry with Weight - The price of the gold jewelry is calculated on the basis of its weight.
If you add more stones to it, the weight will certainly increase and so will the cost.
Gold Rate in Mumbai, Today Gold Price in Mumbai 20 Nov,
At the time of making the purchase, ensure that you are not charged unnecessarily by your dealer for the stones, at the same price as that of gold. Certification - if you want to ensure the authenticity of your gold then make sure that your dealer gives you a purity certificate.
The certificate allows you to exchange it in future at the current market price. Labor Charges - Every jeweler includes jewelry making charges or labor charges in the total bill. This is the cost which goes into designing the jewelry. Whenever we used to go for Jewellery purchase, i used to pity on him as i used to think that how this poor chap earn his living.
He used to sell gold at market rate i. Now i pity on my thought process as the same poor chap is now richest person of town. I have closely observed purchase cycle and found out many loopholes in entire chain. In my opinion, its not cheating but a fraud in broad daylight. The biggest culprit among all.
The sale and purchase of Jewellery is a mind game. The Jeweller play with the mind of customer specially females. This is the smartest trick of any trade. If you have observed closely then most of the salesmen try to convince accompanying female member specially in real estate and jewellery purchase.
Once they gauge the mind then price is being quoted. You will never find price mentioned on any of jewellery unit.
Today’s Gold Rate in Mumbai
Instead of price, some code is being mentioned so jewellary price is not standardized. Some time back, i visited one of very reputed Jeweller with pan india presence. He quoted price of necklace as 1 Lac Rs. He was trying to show that as if i am some idiot who has come for jewellery purchase for 1st time.
When i insisted, he gave break up as 70k is value of gold and 30k is making charges.
How Jewellers Cheat Customers
Now you can image the extent of cheating. The purity of Gold is measured in carat. Purest form of jewellery is 22 Carat. The Hallmark gold contain Gold Purity seal but to value concious customers, Jeweller pitch low carat gold and charge high. In this bargain, he cheat customer on Gold Purity.