Tomorrow is Dhanteras (Dhanteras 2024). On this auspicious day, people buy gold and silver in large quantities. In any case, on the occasion of Dhanteras, jewelery shops and markets will be crowded with people. In fact, our country has an ancient tradition of buying gold and silver on Diwali. If you also want to buy cheap pure gold in Dhanteras, there are a few things to keep in mind.
If you arrive at a jewelry store without knowing it, the jeweler may mislead you. But if you have the right information, you will be able to buy pure jewelry at the right price on Dhanteras. Women especially buy jewelery during the festival, which they associate with investment and the arrival of Goddess Lakshmi.
Negotiate production costs
The most important thing is to negotiate the cost of making the jewelry. Most jewelers will lower their production charges after haggling. Because jewelry has an additional production fee of up to 35%. Jewelers make most of their revenue from fees. Therefore, there is always room for reduction.
Thereafter, before paying the price of the jewelry, check to see what charges have been added to the bill. Jewelers often add various charges to the bill to mislead customers, who are unable to tell anything due to lack of information and end up paying the full amount.
As per central government regulations, customers only have to pay for three things while buying jewellery. Firstly, the price of the jewelery is calculated based on its weight, secondly the cost of making it and thirdly the Goods and Services Tax (3%) has to be paid. Whether you buy jewelry online or offline, you only pay 3% Goods and Services Tax (GST).
Learn these things before buying jewelry.
Apart from that, if the jeweler charges any fees then you can ask questions. Because some jewelers charge separately in the name of police weight or labor fee, which is against the regulations. You should not have to pay the fee at all, and you can file a complaint against the jeweler. Hence, strict action can be taken against the jewelers.
You should also know that jewelry is not made of 24-karat gold. Most of the jewelry sold in the market is 22 carats and 18 carats. So when buying, keep in mind what the price of gold is in the bullion market that day. With this, you will be able to buy jewelry at the right price.
Only buy iconic jewelry
Whenever you buy jewelry, mark it and don’t forget to bring a valid bill. As gold and silver regulations impose only 3% GST, some jewelers are reluctant to provide confirmed bills to customers, but customers should always keep the original bills so that action can be taken against the jeweler in the future if there are any complaints regarding the quality of the jewellery.
In addition, another special point is that if you want to buy gold and silver from an investment perspective, then instead of buying jewelry, it is better to buy gold coins, which will bring more returns from an investment perspective in the future, because You do not pay a crafting fee when purchasing coins, whereas jewelry requires a separate crafting fee. Not only that, when you go to sell your gold coins, you will get the full value of their weight. But when it comes to jewelry, the weight isn’t fully compensated after the cost of making it.
