In situations such as shortage of funds for your children fees, buying a new flat/plot or for buying new ornaments, gold acts as a refugee. Even Banks sell the gold bullion, bars or coins to individuals but they never buy back from them. Some jewellers too do not buy back gold. So, your choice to sell gold is with certain companies that buy gold.
In any case, while selling old, second-hand, damaged or unused gold, silver jewellery, gold bullion, bars or coins, the first thing we will be worrying is about the best price for our ornaments. We give you a few places where you can sell your gold in Bangalore and Andhra Pradesh, but, before that here are a few things you should note:
Few gold smiths make profit on jewellery by charging making charge and which ranges from 5.00% to 35.00% depending on the brand name of the makers. So, when you are trying to sell your second-hand gold, diamond, silver ornaments, they force you to pay the making charges. So selling ornaments to a gold smith always ends up with losing huge amount of money.
Some of the jewelers straight away reduce Rs. 200 to Rs. 500 per gram often for checking the purity. They may also damage your jewellery. So go for such jewellers who check the purity using computerized methods such as German made purity checking machines etc.
Best place to sell jewellery in Bangalore and Andhra Pradesh
As of now there are a number of companies in the market and a lot competition as well. For example, Attica is one place where you can sell old gold in Bangalore. The company also has branches in Andhra Pradesh where you can sell gold jewellery. They use the latest German Machines to check the purity of your gold without damaging them. they also claim to pay the best rates for gold when you are selling the same.
These companies make payment for jewellery sold through various means. There are companies which pay immediate cash payment against your gold, silver jewellery or through Cheque and NEFT/RTGS (online) transferred services.
Documents required to sell gold jewellery in Bangalore and Andhra Pradesh
Aadhar Card, residence proof and a Passport size photo is a must before you sell gold. If you have pledged gold in banks, pawn shops or financiers and want to sell after releasing the required documents will be original Pledge/Pawn ticket, Valid Identfication Proof (Original), Address Proof, Passport Size Photograph.
In India we have lot of options available to buy any ornaments and same when it comes to pledge our gold, but when the situation arise to sell your scraps for any reason, may be to . So people have no choice but to sell their gold to the craftsmen or jewel smith. They take the advantage of situation and deduct the hefty amount as wastage charge, melting charge, etc from customers and pay the maximum 60-65% of gold value which is not worth at any manner for customers.