https://www.desidime.com/discussions/is-gold-and-silver-easy-to-sale?page=1#post_8937763
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Is Gold And Silver easy to sale?
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In my city I am facing this strange problem as the jeweler's are not easyly agreed to purchase physical gold and silver from a consumer. For Gold they say they can provide new jewelry in exchange of it not cash,also deducting some percentage from current gold price.
But for silver they are denying for exchange also.
Now the question is if we need cash then were to sale Gold and Silver who will purchase it in local market.
This is alarming for those who are invested in gold and silver as digital rupees is coming, what will happen then?
But for silver they are denying for exchange also.
Now the question is if we need cash then were to sale Gold and Silver who will purchase it in local market.
This is alarming for those who are invested in gold and silver as digital rupees is coming, what will happen then?
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https://www.desidime.com/discussions/is-gold-and-silver-easy-to-sale?page=1#post_8937805
https://www.desidime.com/discussions/is-gold-and-silver-easy-to-sale?page=1#post_8937880
Never trust a jeweller even if he is ur relative
In India you will get a 10-15% hit while selling gold. Silver is not an investment in India
https://www.desidime.com/discussions/is-gold-and-silver-easy-to-sale?page=1#post_8938029
stoptomove wrote:
also deducting some percentage from current gold price.
Charging 'khot' (खोट) is an industry old practice.
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Previously, when KDM jewellery was still legal to be sold, many shopkeepers did not charge 'khot' on it.
.
Same is true of coins, biscuits from reputed mines in say Australia, Britain (or, in the old days, anything with the face/stamp of the British monarch on it)
.
Likewise, even from within India
gold coins, biscuits, bars from reputed mines (and especially if they are still sealed in original packing).. do fetch market rate without 'khot'.
.
I do not know the reputation of alleged BIS certified or hallmarked jewellery.
But most chottey (चोट्टे) jewellers/ corporates (the kind who regularly purchase from money mules gold mules or have links with smugglers) often do take gold items of other brands.
[I will not name the large jewellery chains. But when the tax arbitrage, price arbitrage used to be at its peak. Customs officials in international ports in Kochi and other places paid in crores.. to get a posting at those ports. People returning from 'Galf' (gulf) are regular conduits as money mules, bullion miles.
Those Joy Aloo🥔kha, Mala bahar Golds, Mute🔇hoot🦉 gold loan/ finance, Call yanni jewellers and the likes regularly had and still have fronts/ associated people who look out for distress sales of bullion or buy gold even in cash. Then they do book entries to sell to these large jewellers).
https://www.desidime.com/discussions/is-gold-and-silver-easy-to-sale?page=1#post_8938434
popeyemask wrote:Thats true and we are investing in to this Gods money long long time, and it was easy to convert it to cash, but in present situation what i faced , it is not easily convertable to governments money?
https://www.desidime.com/discussions/is-gold-and-silver-easy-to-sale?page=1#post_8938442
kukdookoo wrote:Its about gold to cash? How and from where? If jeweler's are not interested.
Never trust a jeweller even if he is ur relative In India you will get a 10-15% hit while selling gold. Silver is not an investment in India
https://www.desidime.com/discussions/is-gold-and-silver-easy-to-sale?page=1#post_8938660
In which city you live?
https://www.desidime.com/discussions/is-gold-and-silver-easy-to-sale?page=1#post_8939583
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stoptomove wrote:contact refineries
Its about gold to cash? How and from where? If jeweler's are not interested.
https://www.desidime.com/discussions/is-gold-and-silver-easy-to-sale?page=1#post_8939994
sell it on OLX bro.. why tension. give slight discount like 3% & it will be sold in no time.
there are some gold buying companies also. they take 1% fees i think. here is a list in bangalore. https://www.justdial.com/Bangalore/Gold-Buyers/...
https://www.desidime.com/discussions/is-gold-and-silver-easy-to-sale?page=1#post_8940114
pentiumd wrote:Good to know companies buying physical gold. Olx i personally not prefer.sell it on OLX bro.. why tension. give slight discount like 3% & it will be sold in no time.
there are some gold buying companies also. they take 1% fees i think. here is a list in bangalore. https://www.justdial.com/Bangalore/Gold-Buyers/...
https://www.desidime.com/discussions/is-gold-and-silver-easy-to-sale?page=1#post_8940128
cash for gold or 24karat named branches also buys gold
https://www.desidime.com/discussions/is-gold-and-silver-easy-to-sale?page=1#post_8940144
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stoptomove wrote:There are gold recyclers as well... They ll give you good price.
Good to know companies buying physical gold. Olx i personally not prefer.
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Charging 'khot' (खोट) is an industry old practice.
.
Previously, when KDM jewellery was still legal to be sold, many shopkeepers did not charge 'khot' on it.
.
Same is true of coins, biscuits from reputed mines in say Australia, Britain (or, in the old days, anything with the face/stamp of the British monarch on it)
.
Likewise, even from within India
gold coins, biscuits, bars from reputed mines (and especially if they are still sealed in original packing).. do fetch market rate without 'khot'.
.
I do not know the reputation of alleged BIS certified or hallmarked jewellery.
But most chottey (चोट्टे) jewellers/ corporates (the kind who regularly purchase from
moneymulesgold mules or have links with smugglers) often do take gold items of other brands.[I will not name the large jewellery chains. But when the tax arbitrage, price arbitrage used to be at its peak. Customs officials in international ports in Kochi and other places paid in crores.. to get a posting at those ports. People returning from 'Galf' (gulf) are regular conduits as money mules, bullion miles.
Those Joy Aloo🥔kha, Mala bahar Golds, Mute🔇hoot🦉 gold loan/ finance, Call yanni jewellers and the likes regularly had and still have fronts/ associated people who look out for distress sales of bullion or buy gold even in cash. Then they do book entries to sell to these large jewellers).