Life throws up surprises. Some are good; a lot many are wrong. Everybody knows how to handle the good times. But, during testing times, many otherwise patient people lose their resilience. During times of need, people explore various means, which includes applying for a high-interest loan, borrowing through P2P platforms, borrowing from friends and relatives, or closing fixed deposits prematurely. This article is for you if you are looking at an alternative way that doesn’t require you to stand in a queue or lose respect – cash for gold, and gives you an overview of the things you need to do to sell gold for cash in Kolkata.
What are the Ways to Get Cash for Gold?
While there are many places where you can buy gold, not too many places, give you maximum cash for gold when you wish to sell it.
Banks, for instance, only allow you to buy gold coins and bars. You cannot sell the gold back to them for getting cash when you need to.
It leaves you with just two ways to sell gold for cash in Kolkata.
The following two places allow you to get cash for gold:
- Jewellery Shops
Jewellery shops are the preferred choice for people willing to sell gold for cash in Kolkata. The prime reason for this is the wide prevalence of neighbourhood jewellery shops. However, local gold merchants deduct a hefty sum from the gold, which results in you getting less cash for gold than you deserve. Moreover, neighbourhood jewellery shops do not clean the gold before weighing, and there is no way to verify whether the weight machine is up to the mark or not.
- Muthoot Gold Point
Muthoot gold point is a latest and modern addition to places where you can sell gold for cash in Kolkata. Gold points allow you to get what you see. It offers a transparent mechanism for you to get the maximum cash for gold. It cleans your gold jewellery before weighing and places it on an advanced XRF machine to give you optimum value for the gold you sell. Gold points are famous for their transparency, professionalism, and quick cash disbursal process. You can visit it at Ground floor, 43 Ashutosh Mukherjee Road, Bhowanipur, Kolkata-700025
5 Tips You Should Keep in Mind for Getting Maximum Cash for Gold
If you are planning to sell gold for cash in Kolkata, keeping five tips in mind will make sure that you receive the maximum cash for gold.
1. Original Purchase Receipt
Carry with you the original purchase invoice when you visit a gold point or jewellery shop to sell gold for cash in Kolkata. It will help you to understand if the shop-owner is deducting more than s/he should.
2. Consider the Emotional Value of the Gold You Wish to Sell For Cash
Unlike other worldly belongings, gold gets attached to us emotionally. Selling gold is the last thing Indians consider for getting cash. Evaluate the importance of a piece of gold before you decide to sell it. Consider selling unimportant or broken pieces of jewellery before high-quality or antique jewellery when you plan to sell gold for cash in Kolkata.
3. Know the Price
Gold price is as dynamic as gold jewellery. Visit five shops and chances are high that each shop will rate your gold differently and value accordingly. A gold point is better as you get the same value of your gold as it deserves. It also acquaints you with the process of valuation.
4. Check the Valuation Process
Many jewellery shops melt the gold jewellery, perform an acid test, or conduct an electrical conductivity test to evaluate the gold’s purity. Muthoot gold point uses advanced XRF machines to test the gold. While there are chances that the gold might lose its lustre after the test, testing on an XRF machine negates such possibilities.
5. Compare Cash for Gold Companies
As cash for gold companies often offer a better deal than neighbourhood jewellers, people throng to gold points. But, not all cash for gold firms live up to the expectation. It is better to research about the firm by reading user reviews before you decide to sell gold for cash in Kolkata.
Selling gold for cash is easy; a Muthoot gold point branch makes the process easier. It is also the best way to get some money when you need it urgently, as the entire process takes no more than half an hour. Enter the gold point, hand over your gold, watch as it gets cleaned and valued, earn cash, and leave the place. It is as simple as it sounds.