Planning to Sell Your Gold? Know More About Gold Purity Testing

It takes equal responsibility to purchase and sell gold at a gold buying company. Sellers should know the purity and grade of the gold being sold in exchange for cash. At the same time, a buyer should respect the seller's emotional attachment to their gold, as well as the circumstances that prompted you to sell your gold in return for cash for gold.

In the current situation, several frauds are going on in the guise of gold enterprises. Gold selling companies typically offer lower-quality gold to the general public at greater costs. Similarly, gold buying companies purchase gold from financially disadvantaged individuals for a low capital, stating that the gold is of lower quality. In both situations, the common man, who saw gold as a financially useful possession, gets misled.?

The concern is whether customers should rely solely on the words of gold buying and selling companies to assess the purity of their gold. The answer is no! With the appropriate understanding of hallmarked jewelry, you may sell your gold for its full value. In this article, we will discuss gold purity testing for hallmarked jewelry.

Sell Your Gold Knowing Its Worth

While considering the purity of gold, there are 3 signs to mention: The BIS Standard Mark, gold purity testing with advanced karat meters, and the hallmarking center's logo with the jeweler's identification logo.

Hallmarked Jewelry with Gold Hallmarking

Gold hallmarking is an accepted action for determining the purity and fineness of gold. The Bureau of Indian Standards (BIS) is in charge of hallmarking gold jewelry in India so buyers may be assured that the gold meets the requisite quality standards. It serves as both the seller's guarantee and the buyer's security.

BIS Standard Mark

The BIS Standard Mark is the primary and most significant indication to look for in gold. A BIS-approved lab examines the gold to ensure that it fulfills the required purity requirements and certifies it appropriately. The BIS logo is a triangle-shaped symbol imprinted on the jewelry with the abbreviation "BIS" underneath it. This ensures that the gold has passed extensive quality testing and confirms its purity.

Purity Grade in Karat and Fineness

The purity and fineness of gold are marked in karats. Karat is a marking that indicates how pure the gold is. It is the measurement of purity of gold alloyed with other metals. It is 1/24 part of the whole gold. For example:

• 24K (100% Purest Gold): It indicates that the gold is in its purest form (99.9%+ gold) and very soft.
• 22K (916): It indicates that 91.6% is pure gold. It is the standard for most gold jewelry in India.
• 18K (750): It indicates that 18 in 24 parts are pure gold, ie, 75% gold content.
• 14K (585): It indicates that 14 in 24 parts are pure gold, which implies 58.5% gold content.

Thus, 24K is the purest of the gold. The lower the number from it, the lesser its purity.

Identification Mark of Jeweler and Logo of Hallmarking Centre

The identification mark of the jeweler and the logo of the Assaying and Hallmarking Center (AHC) is the ultimate sign to check gold purity. Every BIS-certified gold enterprise has a distinct identification mark. It will be stamped on their jewelry to indicate where it was made. Furthermore, the AHC logo indicates that the gold underwent purity testing at a reputable center. When these two symbols are employed together, it confirms that the gold jewelry has been evaluated by authorized specialists.

Additional Tips to Take Care of When You Sell Your Gold

Accurate Weighing of Gold

The cost of gold is directly proportional to its weight. When you sell your gold, even a minute weight can make a great difference in cash for gold. Hence, we advise you to verify its weight in an advanced calibrated scale.

Precise Billing

While buying or selling gold, you should always insist the gold buying and selling companies to provide a detailed invoice that specifies the weight, purity and price per gram of the gold you purchased or sold. This adds transparency and protection to your deals.

Collaborate with Certified Gold Buying and Selling Companies

Legitimate gold selling companies provide BIS-certified gold with hallmark certification. Similarly, only a reputable gold buying company understands your predicament and provides advanced gold purity testing techniques that do not tamper your gold. At HNS Gold, we buy gold after evaluating it with advanced German-made karat meters. This ensures that you need not melt your gold before testing it.