How Do Gold Buyers Check the Value of Gold Jewelry in Bangalore?
Gold has always been a valuable asset, and when the time comes to sell your gold jewelry, understanding how buyers determine its value is crucial. If you’re in Bangalore and wondering, “How do gold buyers check the value of gold jewelry?”, this blog will walk you through the entire process.
At True Gold Company, we follow a transparent, reliable, and scientific approach to determine the exact worth of your gold, ensuring that you receive the best possible price. Let’s explore the steps involved in evaluating gold jewelry.
Factors That Determine Gold Value
Before selling gold, it’s essential to understand the key factors that influence its price:
- Purity of Gold (Karat Value) – Measured in karats (K), the higher the karat, the purer the gold. For example:
- 24K (100% pure gold)
- 22K (91.6% pure gold)
- 18K (75% pure gold)
- 14K (58.5% pure gold)
- Weight of Gold – Gold is measured in grams, and weight plays a significant role in pricing.
- Current Market Price – Gold rates fluctuate daily based on international and local markets.
- Deductions (Making Charges & Impurities) – Jewelry may contain stones or other metals, which are excluded when calculating gold value.
How Do Gold Buyers Check Gold Jewelry in Bangalore?
Gold buyers use advanced methods and technology to assess the value of gold accurately. Here’s a step-by-step breakdown of how gold valuation is done at True Gold Company:
Checking the Gold Purity
Purity is the most important factor in determining the price of gold. To check purity, gold buyers use:
- XRF Machine Testing (X-Ray Fluorescence) – A non-invasive method that accurately detects gold purity without damaging the jewelry.
- Acid Test (Touchstone Method) – A traditional method where a small sample is tested with nitric acid to check purity.
- Hallmark Certification Check – If your gold jewelry has a BIS hallmark, it confirms its purity level.
Weighing the Gold Jewelry
- Buyers use calibrated digital weighing scales to measure the exact weight of the gold jewelry. The weight of additional metals, stones, or gems is excluded, and only the gold portion is considered for valuation.
Determining the Current Market Price
- Gold buyers check live gold rates from the international and national gold markets.
- The price per gram is multiplied by the weight of your gold.
- Real-time market rates ensure fair pricing, eliminating the risk of underpayment.
Calculating the Final Price
Once purity and weight are confirmed, the final price is calculated as follows:
(Purity % × Weight) × Today’s Gold Rate = Final Gold Price
- Any additional stones, non-gold materials, or making charges are deducted.
- At True Gold Company, we provide you with a transparent breakdown of the calculations.
Instant Payment
- Once you agree with the valuation, instant payment is made via cash, UPI, or bank transfer.
- No hidden charges, no delays – a quick and hassle-free transaction!
Why Choose True Gold Company for Selling Gold?
Selling gold should be a secure and rewarding experience. At True Gold Company, we offer:
- Best Market Prices – We provide competitive rates based on real-time gold prices.
- Accurate Testing Methods – Non-invasive, precise purity checks.
- Instant & Secure Payments – Cash, bank transfers, or UPI payments.
- Trusted & Transparent Process – No hidden charges, complete transparency.
- Customer-Centric Approach – We prioritize your satisfaction and provide expert guidance.
Tips for Selling Gold in Bangalore
- Check Gold Prices Daily – Keep track of market fluctuations for the best rates.
- Sell Hallmarked Jewelry – BIS Hallmark gold ensures better pricing.
- Choose a Reputable Buyer – Always select a licensed and trusted gold buyer like True Gold Company.
- Carry a Valid ID Proof – Required for legal verification and smooth transactions.
- Understand Gold Purity – The higher the karat, the better the price you’ll receive.
- Avoid Middlemen – Sell directly to gold buyers to get the best value.
FAQs About Gold Valuation in Bangalore
Q: Can I sell gold without a hallmark?
Yes, but a purity test will be conducted to determine its value.
Q: How often do gold rates change?
Gold prices fluctuate daily based on market demand and supply.
Q: Will I get the same price for all types of gold?
No, the price depends on purity levels (24K, 22K, 18K, etc.).
Q: How quickly will I receive my money?
Payments are processed instantly via cash or online transfer.
Q: Is there any tax on selling gold?
Selling personal gold jewelry is usually not taxable, but it’s advisable to check current tax regulations.
Conclusion: Get the Best Price for Your Gold in Bangalore
If you’re wondering, “How do gold buyers check the value of gold jewelry in Bangalore?”, now you know the entire process. At True Gold Company, we offer a transparent, secure, and high-paying gold-selling experience.
Don’t settle for less—get the highest price for your gold today!
📍 Visit True Gold Company for a free gold evaluation and instant payment!
🌐 True Gold Company – Bangalore’s Most Trusted Gold Buyers!
