jewelries: a complete guide to buying gold
Recently, there has been constant soar in the demand for gold in Chennai.
Though it sounds weird at a time of pandemic as the COVID-19, this holds
true as per data and reports. And that too in particular, people are eyeing
on jewelries more than gold in its bullion form.
Do you know what bullions are? Bullions are unprocessed forms of gold or
silver that are usually available as coins or bars.
And at this juncture, it becomes imperative for one to learn the gold rate
in Chennai, because as aforementioned, you don't want gold in its purest 24
Karats form rather want it in 22 Karats. This obviously invites the need for
checking gold rates in Chennai more often.
Choose between 22 Karats and 24 Karats
There is often a misconception that gold has to be purchased in its 24 Karat
form only as it is the purest. Well, practically, it doesn't work that way
as your gold jewelries can't depend solely on the yellow metal, but comes
with a mix of other metals like copper in the 22 Karat form.
24 Karat gold?
To put it in simple words, this form of gold has all its 24 parts made of
gold without the use or trace of any other metal. The purity of this form of
gold is said to be 99.9 percent and hence gold bullions of 24 Karat are deep
yellow in shade. This is notably the superior form
of gold globally. Well, it is imperative to comprehend with this fact as
there are bogus sales boasting of 25K or 26K gold as well. Gold in this form
is of quite lesser density which makes it very soft and not suitable for
making jewelry pieces. Rather, the 24 Karat gold is much preferred in the
use of medical devices for the use of Gold Tympanostomy Tubes.
To note, Tympanostomy Tube is a medical device used on children that suffer
Now that you understand the use of 24K gold, you obviously get the need for
22K gold which is of prime importance in crafting your eye-catching
jewelries. These are golds carrying a mix of pure gold plus other metals.
They carry almost 92 percent of pure gold with the rest being other metals
including Zinc, Silver, Nickel, and other alloys.
Comparatively, this form of gold is harder than 24 Karat counterpart.
An additional note on 18K gold
Unlike either of the above types of gold, in the 18K gold, the percentage of
gold is just 75 percent whereas the rest is comprised of copper or silver.
Considering its color, it looks a little dull and simple.
Understanding the shades of gold
As far as gold in its purest 24K form is considered, it has the warmest
shade of gold as its nature remains unaltered. And depending on the type of
alloy used along with gold, its color keeps changing to different shades.
When copper is added, it turns pink or rose into
color which is called the rose gold. With the addition of zinc or silver to
gold, it turns green gold and as you add Nickel or Palladium, it turns into
A deeper hint on gold quality
Before you start searching for Chennai gold rate as you have perhaps ideated
to buy an ornament, you have to understand the quality of gold and the
different kinds of gold jewelries. You basically get two different kinds of
these jewels: gold plated and gold filled. As the name suggests, gold plated
jewelries are those made of other alloys or metals and finally dipped in
gold so that it appears to be gold, but it is actually not so. This is much
in demand as the gold rate in Chennai is skyrocketing. Furthermore, there is
no stringent rules and conditions to sell these plated jewelries. Above all,
these are budget-friendly options that even lower middle class people could
The other one is the gold filled jewelries which is mostly of 22 Karat
purity. This comprises of 90+ percentage of gold and the rest is made of
alloys. Investing your money in gold filled jewelries is one of the wisest
methods of investing as its value will only appreciate and never depreciate.
How to find the best gold rate in Chennai? Some
Now that you have decided to buy gold jewelry for yourself for your loved
ones, it is imperative for you to decide on the seller. The gold jeweler
should be reputed and most trustworthy so that you don't get cheated in
anyway. This is where branding and popularity comes to the first place. A
gold jewelry brand that is much trusted by many people and well recognized
through advertisements is sought after in the first place.
Alternatively, you may go ahead with individual sellers for the main reason
being lesser price. In fact, you will have the option of customizing any
jewelry design as you wish. In either of the scenarios, you basically need
to be aware of Chennai gold rate so that you don't get cheated by any kind
of increase in price or mismatch in tax percentage.
An extra tip - it is always suggested that you compare gold rate among
jewelers before zeroing in on one. This is much stressed because exchange or
reselling of gold is a huge deal!
How to ensure quality of gold?
There is no point is merely understanding how gold quality is measured. You
need to go a step further to reassure the same with hallmarks on the jewelry
Plain Vs studded jewelry
A lot of enthusiastic investors are left skeptical whether to make their
investments in gold or not. As the market is predominantly fluctuating,
there arises the confusion of buying gold jewelry. And once you have decided
to invest in gold jewelry, it is important that you decide to buy plain gold
jewelry than to get studded ones. In other words, when you prefer to buy
gold for investment purpose, it is ideal that you buy it in its plain form
as you will not incur unnecessary loss in future when you plan to resell the
Tips to buy gold at the best rate
There are a few ways that you can follow so that you can buy gold in its
best rate. As the rates are constantly changing, and with COVID-19 being one
of the reasons for the uncertainty in scenarios, it is inescapable for
potential buyers to be aware of the gold rate and the market happenings.
First of all, you need to understand that the gold rate in Chennai is
predominately decided based on changes in rates of US dollars, cost of
import, interest rate fixed by banks, and a number of other criteria.
Furthermore, there is changes in Chennai gold rate with that of other
cities. This difference is because of the changes in taxes, amount of gold
purchased, gold association in the respective state, etc.
The next in the list is your awareness about gold rate in Chennai. If you
want to buy gold in the best price without shelling out extra, you have to
concentrate and keep an eye on the changing rates. There are a number of
online portals and websites where you can check for Today gold rate, or gold
rate in Chennai today, or gold rate today in Chennai. When you enter these
texts in the search bar, you will end up with a number of results.
Look for the first few results that looks legitimate and authentic. There
are several online portals that keep updating gold rates every single day.
The website called livechennai.com is one of the best websites to check
real-time gold rates.
Besides updating the rates of gold, they also tend to update the present day
rates of silver and other metals, plus tat of vegetables, fruits and a
myriad of other rate cards so that it provides end-to-end assistance for
people living in Chennai city.
Have an eye on the changing rates of gold in Chennai city. As you find the
gold rate hitting a massive low, you can plan for purchasing gold on the
exact same day and save a lot on your purchase.
This is your best way to save money and be smart in
buying gold jewelry.
As you have now understood the nuances in buying gold jewelry including all
its intricate details such as the purity of gold, the best way to buy gold,
the ideal form of gold to buy when it is for investment purpose and the
smart way to keep track of gold rate and buy whenever needed.