What are the parameters to buy gold jewellery in India with quality and assurance?

1. What are the parameters to buy gold jewellery in India with quality and assurance?

2. COMPANY OVERVIEW • The journey of a million gazes began in 1888 before it metamorphosed into ORRA. From sculpting and manufacturing diamonds to crafting and retailing the finest diamond and gold jewellery, ORRA has come a long way since its inception. With special emphasis on the buying process, the entire look of the store is spectacular without being intimidating. A customer can relax and feel at ease, browse, try on and select from our extensive range of designs. We have designated zones to individually showcase our diamond, gold and platinum collections. • •

3. What are the parameters to buy gold jewellery in India with quality and assurance? 1. Gold is a precious metal and is considered a form of money. People gift gold jewellery in marriages as it is considered as a form of security and investment. Here are few important questions that you must consider while purchasing gold are – Is the Gold BIS Hallmarked? A BIS hallmark sign is the benchmark you need to insist upon when buying gold jewellery. Buyers beware. The lack of BIS-hallmark-certified jewellery is particularly rampant in rural India, which accounts for over 60% of our annual jewellery consumption. So even if gold is cheaper in a smaller town or your village, don't buy it unless it is hallmarked. 2. •

4. What are the parameters to buy gold jewellery in India with quality and assurance? 3. Check the Gold Price per Gram • Always check the per gram price of gold ahead of your purchase. One way of ensuring that per gram price of gold is reliable is by checking in more than one well known showroom or you could check rates on reliable websites ahead of purchase. 4. Check the exact amount of gold you are buying • The pricing composition of gold jewellery is usually complicated. On top of the per gram price, a buyer has to pay for wastage (which varies from ornament to ornament and the mechanism of calculating which only the gold jeweller knows). Additionally, there are making charges too, in some instances. A better way of simplifying it all would be finding out how much gold you actually get in hand for the price you are paying.

5. What are the parameters to buy gold jewellery in India with quality and assurance? 5. Check for buy-back terms on gold jewellery in India • Also, check and see what your gold jeweller is willing to offer you if you were to return the gold jewellery at a later date and wish to exchange it for a more contemporary design. Most top gold jewellers these days promise to buy back gold at the prevailing rate should you choose to go down this route. While this means that you won't be compensated for the wastage that you paid for or the gold making charges, it means you at least have an assurance to fall back on. Also, check if there is an exchange and buy-back period and policy and that you are aware about it. This will ensure that you can return your gold ornament in case you have any grounds for complaint.

6. What are the parameters to buy gold jewellery in India with quality and assurance? 6. Bill on the Gold Purchase • To ensure all this, do insist on a bill. Yes, you might have to pay value- added tax; you might have to share your PAN details too with the gold jeweller if your purchase is for an amount more than Rs 50,000. But a bill that jots down every important detail of the gold purchase goes a long way towards ensuring transparency and providing you with assurance. It is something you can turn to, in case you are forced to approach a consumer court too. It is also your contribution towards ensuring a more transparent gold market in the country.

7. Reference • • • https://www.orra.co.in/history.html https://www.orra.co.in/ https://www.quora.com/What-are-the-parameters-to-buy-gold-jewellery- in-India-with-quality-and-assurance

8. Thank You https://www.orra.co.in/