What are the parameters to buy gold jewellery in India with quality and assurance?

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What are the parameters to buy gold jewellery in India with quality and assurance?

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Gold is a precious metal and is considered a form of money. People gift gold jewellery in marriages as it is considered as a form of security and investment. Here are few important questions that you must consider while purchasing gold are – a) Is the Gold BIS Hallmarked? A BIS hallmark sign is the benchmark you need to insist upon when buying gold jewellery. Buyers beware. The lack of BIS-hallmark-certified jewellery is particularly rampant in rural India, which accounts for over 60% of our annual jewellery consumption. So even if gold is cheaper in a smaller town or your village, don't buy it unless it is hallmarked. b) Check the Gold Price per Gram Always check the per gram price of gold ahead of your purchase. One way of ensuring that per gram price of gold is reliable is by checking in more than one well known showroom or you could check rates on reliable websites ahead of purchase. c) Check the exact amount of gold you are buying – PowerPoint PPT presentation

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Title: What are the parameters to buy gold jewellery in India with quality and assurance?


1
What are the parameters to buy gold jewellery in
India with quality and assurance?
2
COMPANY OVERVIEW
  • The journey of a million gazes began in 1888
    before it metamorphosed into ORRA. From sculpting
    and manufacturing diamonds to crafting and
    retailing the finest diamond and gold jewellery,
    ORRA has come a long way since its inception. 
  • With special emphasis on the buying process, the
    entire look of the store is spectacular without
    being intimidating. A customer can relax and feel
    at ease, browse, try on and select from our
    extensive range of designs.
  • We have designated zones to individually showcase
    our diamond, gold and platinum collections.

3
What are the parameters to buy gold jewellery in
India with quality and assurance?
  • Gold is a precious metal and is considered a form
    of money. People gift gold jewellery in marriages
    as it is considered as a form of security and
    investment. Here are few important questions that
    you must consider while purchasing gold are
  • Is the Gold BIS Hallmarked?
  • A BIS hallmark sign is the benchmark you need to
    insist upon when buying gold jewellery. Buyers
    beware. The lack of BIS-hallmark-certified
    jewellery is particularly rampant in rural India,
    which accounts for over 60 of our annual
    jewellery consumption. So even if gold is cheaper
    in a smaller town or your village, don't buy it
    unless it is hallmarked.

4
What are the parameters to buy gold jewellery in
India with quality and assurance?
  • 3. Check the Gold Price per Gram
  • Always check the per gram price of gold ahead of
    your purchase. One way of ensuring that per gram
    price of gold is reliable is by checking in more
    than one well known showroom or you could check
    rates on reliable websites ahead of purchase.
  • 4. Check the exact amount of gold you are buying
  • The pricing composition of gold jewellery is
    usually complicated. On top of the per gram
    price, a buyer has to pay for wastage (which
    varies from ornament to ornament and the
    mechanism of calculating which only the gold
    jeweller knows). Additionally, there are making
    charges too, in some instances. A better way of
    simplifying it all would be finding out how much
    gold you actually get in hand for the price you
    are paying.

5
What are the parameters to buy gold jewellery in
India with quality and assurance?
  • 5. Check for buy-back terms on gold jewellery in
    India
  • Also, check and see what your gold jeweller is
    willing to offer you if you were to return the
    gold jewellery at a later date and wish to
    exchange it for a more contemporary design. Most
    top gold jewellers these days promise to buy back
    gold at the prevailing rate should you choose to
    go down this route. While this means that you
    won't be compensated for the wastage that you
    paid for or the gold making charges, it means you
    at least have an assurance to fall back on. Also,
    check if there is an exchange and buy-back period
    and policy and that you are aware about it. This
    will ensure that you can return your gold
    ornament in case you have any grounds for
    complaint.

6
What are the parameters to buy gold jewellery in
India with quality and assurance?
  • 6. Bill on the Gold Purchase
  • To ensure all this, do insist on a bill. Yes, you
    might have to pay value-added tax you might have
    to share your PAN details too with the gold
    jeweller if your purchase is for an amount more
    than Rs 50,000. But a bill that jots down every
    important detail of the gold purchase goes a long
    way towards ensuring transparency and providing
    you with assurance. It is something you can turn
    to, in case you are forced to approach a consumer
    court too. It is also your contribution towards
    ensuring a more transparent gold market in the
    country.

7
Reference
  • https//www.orra.co.in/history.html
  • https//www.orra.co.in/
  • https//www.quora.com/What-are-the-parameters-to-b
    uy-gold-jewellery-in-India-with-quality-and-assura
    nce

8
Thank You https//www.orra.co.in/
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