Selling Gold in a Hurry? Here’s How Scammers Are Waiting to Trap You
In India, gold is more than just metal, it’s emotion, tradition, and financial backup in times of need. But sadly, where there’s sentiment, there are scammers waiting to strike.
From under-weighing to fake documents and home-pickup frauds, gold scams are rising fast, especially in cities like Bangalore.
Case From Bangalore: When Trust Turned Into a Trap
In 2023, a retired couple in Koramangala, Bangalore needed to sell some gold during a family emergency. They came across a local gold buyer who offered a “free home pickup” and portable testing.
- The person seemed professional and trustworthy.
- After testing, he said the gold needed to be weighed and melted at their office.
- They allowed him to leave with the jewellery.
And just like that he vanished.
No working contact number. No trace. No gold worth ₹1.6 lakhs.
And since there was no official documentation or ID collected, the police had limited ways to act.
It was a clean, quiet, heartbreaking scam.
Common Gold Scams You Should Know
- Tampered weighing machines to cheat on quantity
- Fake hallmark or BIS stamps
- Melting fraud in backrooms with no visibility
- No documentation, making it hard to file police complaints
- Unverified home pickups with zero accountability
How TrueGold Protects You From All of This
We don’t just run a gold business. We run a trust system. At TrueGold, here’s how we keep you safe:
Transparent Testing
Your gold is tested in front of you, using certified machines no shady backroom processes.
Complete Legal Documentation
We take your ID proof, address, and thumbprint, and provide you with valid receipts. No paperless deals. No grey zones.
Live Gold Rate Matching
Our buying rate is synced with the real-time market, so you’re never underpaid.
Instant Cash or Bank Transfer
Once tested and verified, we pay on the spot no false promises or delays.
CCTV-Monitored & Secured Store
All transactions happen in a safe, professional environment under constant monitoring.
Why It Matters
Selling gold shouldn’t feel risky. It should feel empowering.
And that only happens when the process is honest and the people are accountable.
At TrueGold, we don’t just value your gold, we value you.
Final Word
Don’t let urgency cloud your judgment.
Don’t hand over gold without paperwork.
And never settle for anything less than complete transparency.
Choose safety. Choose trust. Choose TrueGold.
