FAQs & Facts

Facts

Facts

WHY DO PEOPLE SELL THEIR GOLD?

There are many reasons people need cash for gold.

Because of other unforeseen event occurs

As a result of losing your job

Pay university /  Education fees

Pay bills

Hospital bills

Investment in property / Business

Hence selling your gold, diamonds or silver could be your ticket to financial freedom.

Finally, we will offer cash for gold, even for the following items?

There is no maybe, gold is gold no matter what the situation. Therefore, has value.

It has its own inherent value which is regulated by market forces and is set twice daily so you can know exactly what your gold is worth.

Is my jewellery gold, platinum or silver?

Most  jewellery items have a stamp mark and you can identify the type of metal by these stamps:

– 9 Carat gold (37.5% pure) – Usually has “375” stamped or 9ct, 9K, 9kt

– 14 Carat gold (58.5% pure) – Usually has “585” stamped or 14ct, 14k, 14kt

– 18 Carat gold (75% pure) – Usually has “750” stamped or 18ct, 18k, 18kt

– 22 Carat gold (91.6% pure) – Usually has “916” stamped or 22ct, 22k, 22kt

– 24 Carat gold (99.9% pure) – Usually has “999” stamped or 24ct, 24k, 24k

– Platinum – Usually has “950PT” stamped or Plat

– Sterling Silver – usually has “925” stamped,

– Other Silvers – “800”

– GF or GP or RG or SF means gold plated

We do NOT buy gold plated items. 9ct/Stg Sil, 9k/925 means 9 carat gold sleeve with silver inside (there are some that are copper filled).

 

Did You Know?

When selling your Jewellery, take note of the following:

Research your buyer: First research the company’s reputation, then certify and insure any pieces to protect against loss or theft. You can research if a company has received any complaints at the website for the Better Business Bureau.

Know the karat: Understand that gold quality varies, and that most gold jewelry is14 or 8 karat, not pure 24- karat gold

Shop around for the best price

At Hindustan Gold Company , our Jewellery Appraisers are qualified gemologists with years of experience.

If you don’t use us, you will have to find a Dealer who is keen to purchase pre-owned jewellery.

The Dealer must have integrity and skill to be able to give you an appropriate price.

Jewellery can be accessed and valued in its setting by a professional jewellery appraiser like we have at Hindustan Gold Company. There is no need to remove stones from their settings.

Beware of having your diamonds and gemstones removed from its setting, it can be damaged which will affect its overall value.

 

Advantages of selling gold over pledging gold

Selling Gold with Hindustan Gold Company Pledging Gold
   
You will get almost 97% You will get a maximum of 70% to 80%
You don’t have to repay any loan, instead you get paid. You will have to repay load to release pledged gold
You don’t lose anything, you get the maximum value If you don’t repay your loan you lose 20% to 30%
You need not pay any interest. Interest on pledged gold varies from 12% to 36% per month
You need not pay any loan, instead you encash On an average 50% to 60 % of people are unable to repay the loan and lose the value.
Valuation is maximum for you gold Valuation is always less for your gold
No stress, no tension. Stress and tension over paying interest on your loan every month.

 

 

Release Pledged Gold

It’s a common practice in India where people pledge gold jewelry to the banks, pawn shops or financiers to arrange the funds for setting up new business, fund for arranging urgent medical bills, because its a simple and fast process to get the loan on golds without much documents. It may be a good idea to pledge the gold and take a small loan against jewellery but not a wise deal to take a big loan against gold. Maximum times people fails to release their pledged gold because of hefty interest rates and bound to pay unnecessary interest rates which sometimes cross the double of gold price. Hindustan Gold Company helps the customer to release their gold loan and other jewelry from banks, pawn shops, financiers and buy back the gold at best price than anyone else.

Hindustan Gold Company will give cash to pre-close your pledged gold loan

We visit the location with customers, pay the required amount to release the pledged gold

After checking the purity of pledged gold at our office, Hindustan Gold Company buys back the gold jewellery and pay you the balance amount after deducting the amount paid for releasing gold.

We give you funds to pre-close your pledge.

We will buy the pledged jewellery at a fair price determined by fair valuation, refunding you the balance after adjusting it against the funds provided to you.

FAQ's

Frequently Asked Questions (FAQ)

Q: How are we different than other Gold Buyers?

A: Hindustan Gold Company is a South Indian operated business. We pride ourselves on paying the most competitive gold prices in India and abroad. We offer you a secure and discreet shop to sell your gold with good old fashioned personal service. Our reputation is important to us hence why the majority of our business comes from repeat clients and referrals.

Q: Why should I come to Sell Your Gold?

Our team has worked in creating a new way to connect the public straight to the Hindustan Gold Company. By cutting the middleman, we are paying you significantly more than any gold buying kiosk, pawnshops, gold parties or any gold buyers. We suggest, you may take your valued items to any pawn shop, gold buying kiosk or any other gold buying dealer and find out the amount they are prepare to give to you. After getting quotes come to us and we guarantee you we can offer you a better price.

Q: What do we buy?

A: As a Cash for gold company we buy Gold, silver, platinum and diamond jewellery, as well as gold coins for top market rates.

Q: What can I sell?

A: You can sell any type of gold and silver jewellery – new, old or broken. Gold coins, gold nuggets, gold and silver bars and bullion and diamonds. If you are not sure of something, please call us on 8088 55 00 33, we are here to help you with any questions.

What can’t I sell?

Non-precious metals, plastic, pearls, gold plated items, copper or wax filled items and semi-precious stones.

Q: How do we ascertain the purity in gold?

A: With a XRF precious metal analyzer. The XRF precious metal analyzer provides the client with many distinct advantages:  (i) Easier, faster and more accurate testing unlike more traditional methods such as the acid scratch test. The XRF analysis is completely non-destructive. (ii)  More comprehensive analysis with fire assay-comparable accuracy measuring the exact precious metal content in jewellery, coins, alluvial nuggets and other gold items.

Q: What factors affect the value of my gold?

A: The gold content is assessed at the outset by identifying the hallmark, a number marked on your jewellery that indicates what the gold content is. For example, 24 carat gold has the highest gold content and 8 carat has the lowest. If we cannot find a mark, we will test your gold to find out the gold content, and pay you accordingly.

Especially relevant to the value of your gold is the purity and weight of what you are looking to sell. For example,  18 k jewellery will be worth twice as much as 9k  jewellery that has the same weight because 18k gold contains 75% gold and 9k only 37.5%. Thus we will offer more for 18k then 9 k.

A: How are my items valued?

It is very simple Gold weight X Purity Percentage X Buying rate. The prices we pay are based on the amount of precious metals you have for sale and the current spot price for those metals. Precious metals are internationally traded commodities. Their prices, known as spot prices, are determined by the supply and demand on global markets. The prices we pay are derived from these markets, so when global prices change, our do too.

First, using the best technology available we test your items for their gold content.

Second, we weight each item individually.

Third, we calculate the value of your item(s) using the daily gold spot price on the Gold Commodities Market. Gold content + Weight + Gold market price = Value of your item(s)

Q: Will my ornaments get damaged due to Testing?

A: NO your ornaments will not get damaged if a computer XRF test is performed .

Q: How much can I get when I sell my gold?

A: Market gold prices fluctuate daily so we determine your buy price by calculating from the daily gold spot price on the Gold Commodities Market. To get a rough estimate of your pay out figure use our gold buy price estimator. These gold prices are updated on a daily basis.

Q: How long does it take?

A: It’s a very short and quick process. Always having two people serving makes the process very fast. The exact time really depends on how many items you have, it could be 1 minutes or it could be 10 minutes total. We work at taking as little of your time as possible.

Q: How do I get paid for my gold?

WE PAY CASH, REAL CASH!

A: Our standard payment method is cash but, if you prefer a secure Electronic Funds Transfer (EFT) into your nominated bank account can be completed.

Q: Once sold can i buy back my ornaments later?

A: NO we will not be able to re-sell it as we will be melting it for purification immediately. Please decide before you sell.

Q: Do I get retail value for my jewellery?

A: Retail stores mark up jewellery between 3 to 10 times their value for gold and diamond Jewellery. We pay only for the gold content of your jewellery and whole sale for diamonds. However a high amount of our customers that sold jewellery that was 10 or more years old received more than what they paid for it.

Q: I just paid thousands for jewellery in a shop will I get the same money back for it?

A: Unfortunately no! This is because you have purchased your gold jewellery from a retail store at retail prices which is generally marked up. The price you payed for the item is more than the value of the gold content and is inclusive of the cost of manufacturing, transportation, staff wages, store rental and so on.

Q: What identification do I need?

A: By law you must be over the age of 18 to sell your gold.

We comply with all government  legislation and regulations that relate to buying and selling precious metals. As such, we are required to perform an identity check on everyone who sells us items. You must produce ORIGINAL 1 Photo ID & 1 Address proof out of the following documents i.e. PAN Card, Aadhar Card, Driving license, Passport, Ration card, Election ID, Work ID, Telephone bill, Mobile bill, Purchase Bill ,Property Sale Deed, Rental Agreement, Bank Statement .

Q: I am not a resident of particular branch location can I sell ornaments & what are the documents required ?

  1. YES you can by providing 1 Photo ID & 1 (local) Address & 1 (Native) Address proof

Q: Will stone weight in jewellery be deducted?

A: Stones, Beads, Enamel ,Dust, weight will be deducted for valuation.We will remove any diamonds or other stones in your jewellery and return them to you. You can choose to sell your items with or without the stones in them.

Q: Do you pay for diamonds or gem stones?

A: We pay wholesale prices for all diamonds deducting about 10 to 20% for our margin. You will receive the best value for diamonds ½ Carat or higher.

If the diamonds are very small or bad quality we may not be able to pay a large amount as they sometimes break when we try to take them out of the settings.

We do not pay for any other type of gem stones. You are welcome to remove any stones before selling your items. Or we can remove them for you if they are in a simple setting so you can keep them for the next time you need to make some jewellery.

Q: What if I have a valuation or diamond certificate?

Please bring any diamond valuations or diamond certificates, as they can make the process easier and faster.

Q: What if I have a valuation?

Valuations are done for insurance purposes; a valuer will assess your jewellery based on “retail replacement value.” In other words, what will it cost to replace your jewellery if it is lost or stolen? The equation they use is: Gold content + Labor + Retail mark up. Therefore, valuations should not be used to determine its gold value, only its retail value.

Q: Is Satisfaction guaranteed?

A: We can beat any quoted price!

Knowledge and experience is key to our success, therefore, our customers get the best financial returns for their items.

One of our main priorities is to make our customers happy! This is a win-win situation, the customer wins because they get the best price and we win because we rely on good word of mouth advertising.