How And Where To Sell Gold Jewellery In Chennai?

Gold buying company is one of the major investment decisions that you need to make as a household. You generally have different options for gold coins and bars but what about jewellery? Selling gold jewellery in Chennai is not as easy as you think, in fact it is quite a daunting task. You should know what are the steps involved in the valuation process and how to make the most out of your pieces before selling gold jewellry.

How is gold valuation done in Chennai?

The gold content is evaluated at the outset by identifying the hallmark, a number marked on your jewellery that indicates what the gold content is. If there is no hallmark,there are testing procedures such as touch stone, acid test, XRF which are used to test your gold to find out how much pure gold there is inside the jewellery piece.

If a computer XRef test is performed, it is not certain that ornaments would wear off. Other than that there is no certainty that gold ornaments would be damaged even if you put them on a computer for a long period of time.

Where to sell gold jewellery in Chennai?

Chennai is a city in the state of Tamil Nadu. There are numerous places where you can sell gold in Chennai. One of the popular places is gold max. The company has got branches in Chennai and Tamil Nadu where you can sell gold. Most gold jewellery shops in Chennai will also buyback the gold, which they have sold you. However, this is not a certainty. You need a receipt for the same.

Will stone weight in jewellery be deducted?

It’s a simple process, if you choose to sell the stones in your jewellery then the stones , Beads and Enamel dust will be deducted for valuation. Please note: You can choose to sell your items with or without the stones in them. Anyhow Stones , Beads, Enamel ,Dust, weight will be deducted for valuation. But stones such as diamonds or other stones in your jewellery. You have to choose whether you can sell with or without them.

What is the procedure of valuation ?

Precious metals are internationally traded commodities. Their prices, known as spot prices, are determined by the supply and demand in global markets. But because of this you can sell ore at a much lower price if you have less and more when you have more.

Can a non resident of Chennai sell ornaments ?

To ensure all customers are treated fairly and equitably, G3 prohibits the sale of Gold, Platinum or jewels to minors. You can still sell gold jewelry to a minor under the age of 18, but we recommend that you first find out if a parent is willing to take responsibility for them.

Also Read: Best Place to Sell Gold in Hyderabad

This policy is also in place because most jewelery shops require a form of ID from both buyers and sellers, including a rental agreement where a parent has specified their kid’s name and name of the rental property. Many times children are given gifts on birthdays or holidays just before their 21st birthday anyway, so it can be hard for parents to know who is buying gold from them.