1. Dhanteras 2016: Here are some tips before you make your gold purchase today

Dhanteras 2016: Here are some tips before you make your gold purchase today

Gold is characterised by the purity it possesses. 24 carat or 24 K is the purest form of gold. Here are some tips to caution you about to buy and how to ensure its quality

By: | Updated: October 28, 2016 1:28 PM
gold-reu-l The standards of gold are prescribed by the BIS and are at par with the international standard of testing. Ensure a BIS certificate for your gold purchase. (Reuters)

Diwali is incomplete without gold and Dhanteras is incomplete without buying gold jewellery. While Kalyan Jewellers — the country’s second largest retail jewellery chain — has already witnessed a 20-25% rise in advance bookings in the past one week from a year earlier, both Popley Group and Anmol Jewellers estimated at least a 20% rise in sales. However, at a time like this, getting deceived while buying jewellery can be commonplace. Here a few tips to buy gold ina safe way:

1. Gold is characterised by the purity it possesses. 24 carat or 24 K is the purest form of gold. However, it is not strong enough to be moulded into jewellery. Therefore, various metals are mixed with it to make it stronger. Check the purity of your gold before you buy it. A 20K gold coin will be purer than 15K or 10 K.

2. Hallmarked jewellery: To ensure the quality, check whether your ornament has BIS certification or not. The standards of gold are prescribed by the BIS and are at par with the international standard of testing. Ensure a BIS certificate for your gold purchase.

3. Acid Test: If you are doubtful about the gold necklace that you just purchased, perform an acid test on it. Scratch a part of your jewellery with a pin and pour nitric acid on it. If it is a fake ornament, it will turn to green while there will be no effect on original gold.

4. Magnet Test: If you ar unable to perform the acid test on your jewellery, then opt for a magnet. If it has a high concentration of other metals mixed to it, then it is bound to get attracted to the magnet while a genuine gold piece will not be attracted to the magnet.

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