Hallmarks are the official stamp in India that shows the level of purity and quality of precious metals, like gold and silver. The Bureau of Indian Standards (BIS) provides hallmarking to gold jewellery, indicating the proportionate content of gold in it. From June 16, 2021, the Indian government has made it mandatory for jewellers to sell only BIS-hallmarked gold jewellery. The government modified the sign of hallmarking also on July 1, 2021.
Customers may be worried about what happens to their old gold jewellery which may not have the older hallmarking. Or maybe it has an old hallmark sign.
Sell Un-hallmarked Old Gold Jewellery
Customers can sell their old un-hallmarked jewellery to jewellers easily. When selling old gold jewellery, they should get their gold evaluated.
- To sell old un-hallmarked gold jewellery, customers can get their jewellery tested by BIS-authorised jewellers or renowned gold buyers in Hyderabad and other cities across India
- If customers want, they can also get it hallmarked with a BIS-registered jeweller.
What to consider while selling old un-hallmarked gold
Selling scrap gold online can be a quick way to access urgent funds to overcome a financial emergency, but getting the best deal is not always that easy. In most cases, especially when the customer is in a hurry to sell gold, it has been observed that un-hallmarked gold is monetised at a much lower price than the customer’s expectations. Here are a few crucial checks to avoid such
- Weigh down different jewellery items separately: Gold jewellery with higher fineness can give a higher valuation. Ensure that the gold dealer does not weigh all jewellery together in a hurry and you for the lowest karat value.
- Calculate the value of the whole gold item: It may be that the customer’s old gold jewellery has precious gems. To sell scrap gold online or offline, they should consider the value of those precious studs also. If the gold dealer is interested in gold content rather than any precious stone, customers can sell precious stones to another dealer instead of leaving them there.
- Consider a gold dealer using advanced technologies: Customers can choose reputed gold buyers in Hyderabad and other cities in India that consider up to 3 decimal points on a weighing scale to provide fair value to the customer. Also, they clean the gold with ultrasonic machines in front of the customer. You may get it done for no cost. They use high-quality crucibles to melt the old gold and do not retain any gold after melting it. These gold financial companies help customers to get the best value for old gold.
In conclusion, consumers can sell their old gold jewellery even if it is un-hallmarked or has an old hallmark sign. To get the best value for your old gold, consider a reputed gold-buying company and get it tested for free. They take the real-time value of gold price in the market and take the accurate weight of gold up to 3 decimals. Get the highest possible value for every part of your old gold jewellery.
