Tips Before Selling Gold:-

Here are the Top 10 Tips for Selling Gold in India to help you get the best value, avoid scams, and ensure a smooth transaction:

🥇 1. Know the Purity of Your Gold

• Check if your gold is BIS Hallmarked (e.g. 22K = 91.6% pure).

• If it's not hallmarked, get it tested using XRF (X-ray Fluorescence)—avoid buyers using acid/touchstone methods.

📊 2. Know the Current Gold Rate

• Check the live gold rate per gram (22K/24K) from reliable sources:

  • Indian gold bazar.com

  • Gold calculator apps

Gold prices fluctuate daily. Use the spot price as a benchmark when comparing offers.

🧮 3. Get Your Gold Weighed Accurately

• Make sure it’s weighed in grams (not tolas or pennyweights).

• Use a digital scale in front of you—insist on transparent testing and weighing.

💸 4. Compare Offers from Multiple Buyers

• Visit at least 3 different gold buyers to compare rates and deductions.

• Don’t accept the first offer blindly.

🛒 5. Choose Reputable Buyers

Prefer:

• MMTC-PAMP (Govt.-backed, transparent process)

• Small pawn shops or Brand buyers.

💰 6. Understand All Deductions

Ask about:

• Melting charges (can be ₹100–₹500+)

• Stone/Bead deduction (non-gold parts)

• Service fees or GST (on resell or buyback)

Genuine buyers will break down all deductions clearly.

🪙 7. Selling vs. Exchanging

• Jewellery shops - often don’t buy back for cash—only allow exchange for new jewellery.

• If you need cash, go to licensed gold buyers 

🧾 8. Carry ID Proof

Most buyers require:

• PAN or Aadhaar card

• Gold purchase bill (optional, but helpful)

🧠 9. Be Aware of Scams

• Avoid offers that seem “too good to be true”

• Never sell gold without understanding the rate, purity, or weight

• Don’t accept quotes that are way below market price

🏦 10. Prefer Bank Transfers for Large Amounts

• For sales over ₹10,000, request RTGS/NEFT/IMPS

• Cash is allowed under ₹10,000 (as per RBI rules), but keep a record of the transaction

✅ Bonus Tip: Use Online Tools

Try tools like:

Indian Gold Bazar.Com