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Do you have a collection of forgotten gold jewelry tucked away in a drawer? Maybe an old chain inherited from grandparents, or a pair of earrings you haven’t worn in years. But have you ever wondered what is your old gold actually worth?<\/p>\n

Do not worry! Unraveling the value of your precious metal isn’t as difficult as it might seem. In this blog, we’ll decode the factors that influence your old gold price, empowering you to make informed decisions.<\/p>\n

Table of Contents:<\/strong><\/p>\n

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1. Karat Confusion Cracked<\/a><\/li>\n
2. Weight of the Gold<\/a><\/li>\n
3. Market Magic: The Ever-Shifting Price<\/a><\/li>\n
4. Beyond the Basics: Additional Value Boosters<\/a><\/li>\n<\/ol>\n

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   Karat Confusion Cracked<\/strong><\/h2>\n

   [\/et_pb_text][et_pb_text _builder_version=”4.24.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]First things first, karat matters. This number, often stamped on your jewelry, indicates the purity of the gold. Most people are confused about the karat and the percentage of the actual gold present in their jewelry. 24 karat gold is pure, you cannot use pure gold jewelry or an ornament for dailywear. For everyday wear, alloys are mixed in, reducing the karat (and price). Common karats include:<\/p>\n

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   • 12k:<\/strong> 50% gold, affordable.<\/li>\n
   • 14k: <\/b>58.3% gold, popular choice for everyday jewelry.<\/li>\n
   • 18k:<\/b>75% gold, highly durable and valuable.<\/li>\n
   • 22k: <\/b>91.7% gold, quite expensive.<\/li>\n
   • 24k: <\/b>99.9% gold, purest gold and expensive.<\/li>\n<\/ul>\n

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     Weight of the Gold<\/b><\/h2>\n

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     The weight of your gold, measured in grams, directly affects its value. But remember, it’s not just about how heavy it feels in your hand. The gold content, determined by karat and weight, is what truly counts. The gold price<\/a> is calculated based on the purity of the gold. It is calculated according to the actual amount of gold present in the jewelry apart from alloys.<\/p>\n

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     Market Magic: The Ever-Shifting Price<\/b><\/h2>\n

     [\/et_pb_text][et_pb_text _builder_version=”4.24.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]Like any commodity, the price of gold fluctuates based on global market forces (Approx 8% Per Year). So, the value of your gold today might be different tomorrow. Luckily, online resources offer real-time gold price updates, helping you stay informed. Gold price fluctuates due to demand and supply, the rupee value against gold, geopolitical situations, etc. Gold price also differs from state to state in India.[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row module_id=”4″ _builder_version=”4.22.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.24.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

     Beyond the Basics: Additional Value Boosters<\/b><\/h2>\n

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     While karat, weight, and market price form the foundation, some other factors can enhance your gold’s value:<\/p>\n

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     • Hallmarks:<\/strong> These tiny stamps indicate authenticity and origin, potentially increasing worth. Hallmark is a certificate where the gold will be tested and assure the purity of gold.<\/li>\n
     • Design and Craftsmanship:<\/strong> Unique or antique pieces might hold additional value beyond the gold content.<\/li>\n
     • Gemstones:<\/strong> Diamonds or other precious stones embedded in your gold jewelry can add value.<\/li>\n<\/ul>\n

       Remember<\/strong><\/p>\n

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       • Seek reputed buyers<\/a>:<\/strong> Do your research and choose trustworthy gold buyers who offer transparent pricing, documentation and fair practices. Reputed buyers follow industry standards to ensure you get a fair price for your gold.<\/li>\n
       • Get multiple quotes:<\/strong> Don\u2019t settle for the first offer! Compare prices from different buyers to ensure you’re getting the best price for your precious gold. When different buyers compete for your gold, they\u2019re more likely to offer competitive prices.<\/li>\n
       • Ask questions:<\/strong>Don’t hesitate to ask about the valuation process. Get to know about the buyer and their process, their reputation and if there are any hidden charges involved. Check if they abide by the law and order for buying and selling gold.<\/li>\n<\/ul>\n

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         Keep in mind that before selling the gold you do some research about the market, about the gold buyers at your place, what are the processes for selling gold<\/a>, and how much is the gold valued at. Make sure that you get the true value for your gold, think before selling to a non-reputed buyer and avoid scams.<\/p>\n

         We at Hema Jewellers<\/a> follow transparent gold-buying practices. With clear product descriptions showcasing purity and weight, an open pricing policy, and ethically sourced materials, they empower customers to make informed choices.
         Visit our website today or contact us to learn more!<\/p>\n

         Ready to learn more? Stay tuned for our next blog where we’ll delve into the hassle-free process of selling your old gold!<\/p>\n

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         Do you have a collection of forgotten gold jewelry tucked away in a drawer? Maybe an old chain inherited from grandparents, or a pair of earrings you haven’t worn in years. But have you ever wondered what is your old gold actually worth? Do not worry! Unraveling the value of your precious metal isn’t as […]<\/p>\n","protected":false},"author":5,"featured_media":6667,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[162],"tags":[],"class_list":["post-6656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blogs"],"yoast_head":"\n