What Precautions Should We Take While Buying Gold Jewelry?
It is afact that one of the smartest investments in the jewelry industry is gold. It shows luxury and class as well as signifies the financial stability of a person. Without any doubt, we can say that gold is money.
The demand for this precious metal has been increasing day by day, like petals of a flower throughout the world because the true value of money is backed by gold. With the rise and unexpected falls in the markets, gold is one sturdy protection against these uncertainties.
If you are thinking of purchasing gold, it is not as easy as a cup of tea. It would help if you considered some important considerations before investing your hard-earned money. In this comprehensive guide, we give thorough detail about everything you need to know about gold.
Identify the Purity Levels of Your Gold
Have you ever heard about the 24-karat? Do you know what is it mean? Well, 24-karat is a grade of gold that means 100% pure. Still does not make logic? Wait, Keep reading.
In every gold piece, 24 units refer to as karats. When you purchase gold that has 24 karats,it means you have 100% pure gold. For example, if 24 karat gold is 100% pure, ten karat gold is 41.7% pure. So, it means the value of gold is equivalent to its purity.
It doesn’t mean that you will always purchase a higher purity level if you want to buy gold. First of all, you need to determine some important things before buying gold, including;
What Is It Used for?
When it comes to pure gold, it is very soft and easily damaged. If you want to purchase gold for daily wear, then always go for low karat pieces. The range is around 10, 12, or 14 karats. Low karat gold is a combination of another alloy that makes it stronger.
Check the Quality of Your Gold.
Remember thatnot all yellow sparkle ornaments are gold!Just because your jewelry looks like yellow gold does not mean it really is. There are plenty of platforms available that offer gold-filled or gold-plated jewelry pieces. So, it is important to know the difference between real gold or gold plated jewelry if you want to buy gold.
Know Your Colors and Alloys
Pure 24-karat gold looks yellow, but it is not always good to buy pure gold because it is soft, expensive, and malleable. So, as mentioned above, jewelers have come up with a method to mix gold with other stronger metals. You can also go for purchasing 23 or 22 karat jewelry pieces made of mixing other metals that influence the yellow color.
When purchasing gold, you are not only limited to the golden yellow color. Below are some of the different colors of gold you need to know. Have a look:
Yellow gold: This is the color that comes to mind when considering gold jewelry. However, not all yellow jewelry is actually gold. Plating is common to gold jewelry, and sometimes it is purposely done to keep the yellow gold look.
White gold: This looks like a brighter version of silver. It is a highly demanded metal for engagement ring.
Rose gold: A gold alloy with a pinkish color, rose gold has become most popular nowadays!The demand for rose gold wedding engagement rings has been increasing enormously throughout the world because of their wonderful look.
The bottom line:
Always remember, gold is more than just a fashion ornament. Gold is as precious as money, with prices always on the rise. So, always consider these guidelines before finalizing your decisions to get a good deal.
