Planning to Sell Your Gold?
Know More About Gold Purity Testing
Planning to Sell Your Gold? Know More About Gold Purity Testing
Gold buying and selling at a gold buying company are equally responsible tasks. Sellers should know the purity and quality of the gold they are selling in return for cash for gold. At the same time, a buyer should acknowledge the emotional connection of the seller with their gold and the circumstances that led you to sell your gold in return for cash for gold.
In the current scenario, there are a lot of scams going on in the name of gold companies. Gold selling companies tend to sell less quality gold for higher prices to the commoners. Similarly, gold buying companies buy gold from financially needy people for a minimal capital margin claiming that the gold is of less purity. In both these cases, it is not the companies, but the common man who considered gold as a financially beneficial asset is scammed.
The question is do they need to blindly believe the mere words of gold buying and selling companies to determine the purity of their gold? The answer is no! With the right knowledge about hallmarked jewelry, you can sell your gold and receive its full worth. In this blog, we’ll provide you with insight into 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 approved method to ascertain the purity and fineness of gold. The Bureau of Indian Standards (BIS) is in charge of hallmarking gold jewelry in India so that purchasers may be guaranteed that the gold satisfies the required quality specifications. It acts as both the seller’s assurance and the buyer’s security.
BIS Standard Mark
BIS Standard Mark is the primary and most significant sign to look for in gold. A BIS-recognized lab tests the gold to verify whether it meets the standard purity levels and certifies the gold accordingly. The BIS logo is a triangular symbol with the abbreviation “BIS” beneath it, imprinted on jewelry. This assures that the gold has undergone thorough quality testing, and you can be confident in 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:
BIS Standard Mark
BIS Standard Mark is the primary and most significant sign to look for in gold. A BIS-recognized lab tests the gold to verify whether it meets the standard purity levels and certifies the gold accordingly. The BIS logo is a triangular symbol with the abbreviation “BIS” beneath it, imprinted on jewelry. This assures that the gold has undergone thorough quality testing, and you can be confident in its purity.
- 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 final sign to check gold purity. Every BIS-certified gold company has a unique identification mark. It will be stamped on their jewelry to indicate where it was made. Furthermore, the AHC logo indicates that the gold has undergone purity testing at a recognized center. These two symbols, when used together, confirm that the gold jewelry has been examined by certified professionals.
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
Genuine gold selling companies provide BIS-certified gold with hallmark certification. Similarly, only a trustworthy gold buying company understands your situation 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.