Gold Buying Guide: Simple Tips to Get the Right Piece

Buying gold feels risky if you don’t know the basics. You might wonder what that ‘875’ stamp means, when is the cheapest time to buy, or how to tell if a bar is real. This guide breaks down the key points in plain language so you can shop with confidence.

Understand Purity and Hallmarks

In India, gold purity is shown by a four‑digit stamp. 916 = 22 K, 875 = 21 K, 750 = 18 K. The number tells you the percentage of pure gold – 875 means 87.5 % gold and 12.5 % other metals. Look for the BIS (Bureau of Indian Standards) hallmark, a tiny triangle or circle that guarantees the purity claim. If the hallmark is missing or looks blurry, walk away.

Pick the Right Time to Buy

Gold prices swing with international markets and local festivals. Historically, the months of March, April and October often show a dip because of lower demand. Check the RBI’s weekly price list and compare it with the previous week’s trend. Buying when the price drops even a few rupees per gram adds up to big savings.

Another timing trick: buy during the ‘gold rush’ of the wedding season only if you need a specific design. Otherwise, wait for a quiet month and ask the jeweler for a custom piece. You’ll get the same sparkle at a lower price.

How to Spot Real Gold Quickly

Do a magnet test – pure gold isn’t magnetic. A simple fridge magnet won’t stick to a genuine 21 K bar. Next, feel the weight. Gold is denser than most base metals; if a piece feels light for its size, it’s probably plated. Lastly, use a simple acid test kit if you’re buying from an unknown seller. A few drops on a hidden spot will change color only if the metal isn’t gold.

Ask the seller for a detailed invoice that lists the purity, weight, hallmark number and making charges. A transparent invoice is a good sign of a trustworthy dealer.

Extra Tips for a Smart Purchase

1. Set a budget based on weight, not design. A plain 1 gram 21 K bar is cheaper than a 1 gram ring with diamonds. 2. Keep an eye on GST rates – they add to the final cost and can change yearly. 3. If you plan to invest, consider buying certified gold coins or bars. They have a resale market and are easier to evaluate. 4. Store gold in a safe place. A home safe or a bank locker protects your investment from theft and damage. 5. Refresh your knowledge every few months. Hallmark designs and price trends evolve, so staying updated saves money.

By knowing what the numbers mean, timing your purchase, and running quick authenticity checks, you turn gold buying from a gamble into a calculated decision. Use this guide the next time you walk into a shop, and walk out with confidence.