There are multiple factors in determining the value of the gold jewellery such as purity of gold, stones, stone values, weight of the gold, gold rate on that specific day etc.

Experienced Professionals at Pragathi help to determine the value of the gold.

No, once sold you shall not be able to get the jewellery back.

Yes, Hallmark is not required to sell gold jewellery, coins, or other items. The value of the gold is determined based on purity.  

Gold Prices fluctuate on daily basis.  It is obviously right to sell gold when the price is above average to gain higher profits. Historic trend indicates that gold prices have increased in the long term. Hence selling gold during a financial need is the best time. However, it is better to consider multiple factors before deciding to sell your jewellery that is dear to you.

Generally Gold Financiers provide 50 to 70% of the value of your gold as loan and secure rest of them money to address any defaults in interest payment. Interest rates on gold loans are generally higher than 13%. There will be penalty and compound interest for delay in interest payment.

On a longer tenure, the interest paid may overshoot the worth of the gold itself.

Selling gold will help to realize the full value of your gold without the overhead of paying Interest.

Hence, it is important to consider many such factors before making a decision.

In general, Gold loan may be apt if you are able to recover the pledged gold in few months, but for longer financial needs, selling gold is wise.

It is best to have the purchase invoice/bill while selling gold. Purchase invoices will have details on gold purity provides necessary clarity and avoiding conflicting views.

However, it is obviously understandable that invoices may not be available in all scenarios.

Pragathi’s purity checking process will help to determine the purity of the gold to determine the value. However valid Identity proof is 100% mandatory to sell gold.

Following are the requirement to sell gold

Correct KYC details,

At least 25 years of age.

Proper explanation related to ownership of gold.

You cannot sell gold that doesn’t belong to you. 

You can only sell gold which belongs to you, your spouse or your parents, with their consent.

Estimation is provided free of cost.

 Yes, prices are based on the purity and weight and not on the condition.