Gold is always the first choice of investors. But many investor can't bear the sudden drop in the price. So many times they prefer to sell their ornaments. If you have invested in some gold jewellery and belong to the same category of investors or running out of cash and want to sell your precious metal.
You should keep in mind the following points before selling your precious things.
Be careful about extraordinary offer
You might come in contact with a supplier/buyer of Second Hand Jewellery who says that he will give you much higher price for your old gold as compared to the market rate. Such claims should never be relied upon because there can be minor differences in the rates of antique gold, but huge difference in prices is practically not possible.
Be careful if supplier/buyer is not certified
Whatever may be the temptation, never settle down for a deal with a second hand gold buyer or an agency that lacks accreditation. Always remember that these service providers develop plans to rob people of their wealth and riches. Therefore, they hatch different plans that might apparently look lucrative, but would prove dangerous in the longer run.
Be aware if you are not getting a bill
It is customary that when you sell your old gold for cash, the service provider will provide you a bill of receipt. This bill should contain details like the date of transaction, the final amount offered, the weight of gold purchased, etc. Along with thus, the name and registration number of the provider will also be provided. When you are denied such acknowledgement, you should doubt the integrity of the supplier.
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