This valuable yellow metal has been an integral part of our trade and commerce. We have been transacting in it for a very long time in history. People have known its worth and the high financial potential it comes with. Gold For Cash can be easily sold for fantastic returns. This helps people generate immediate cash for themselves. They can meet their immediate financial ends and take care of their immediate expenses. This is what has made this metal so increasingly popular today. After the pandemic, its popularity multiplied exponentially. Because the lockdown caused numerous financial problems for people. And Gold For Cash helped them generate the money they needed to solve those problems. Why only that metal? because other monetary assets like stocks, bonds, real estate, equities, shares, etc. were decreasing in their worth.
They depended on the value of the currency. And during market turmoil like inflation and recession, the currency’s value depreciates. But Gold For Cash is use as a currency in itself. During market uncertainties, it maintains its high worth. This is why many people resort to it during their financial crunches, emergencies, and dire needs. They know that the demand for this mineral is very high. And the dealers will be ready to pay good prices for it. But Gold For Cash is available in so many forms that it is hard to distinguish the fake from the real one. Many people lose a lot of money due to such misunderstandings. Keep reading ahead to know how you can differentiate between real and fake ornaments.
The Fake Gold against Cash
Usually, there is one popular emulator of the yellow precious metal. And that is pyrite. It is actually iron disulfide. And it occurred naturally just like other minerals. It is also called fool’s gold. Because it is really hard for people to differentiate it from the real one. Its color is very similar to the original Gold Against Cash.
Thus, the uninitiated can easily get confused between the two. There are usually very simple tests to determine the difference between the two. First is the smelling test. Take the item and bring it close to your nose. If it has a strong smell like that of sulfur, then it is fake. In ancient times, biting was the test for the originality and genuineness of the mineral.
Because pure yellow metal is very soft. And when they bit it, they left teeth marks on the articles. But it is not possible for people to keep biting their accessories. Hence, smelling becomes a primary simple test. Then comes the hardness. Cash For Gold is very soft, especially 24K. But pyrite is hard.
Take a hammer and hit it on a small section of your article. If it flattens and expands, it is the malleable pure yellow mineral. If it breaks and shatters, then it is fake. These are the common tests that help people differentiate between real and fake articles. But this is not the only fraud that can happen with your items.
Decoding the Hallmark
The hallmark is the certification of the quality, purity, authenticity, and fineness of your jewelry. It has become a mandatory thing after 2019. This was introduced by BIS or the Bureau of Industry Standards in India. Buying Cash Against Gold is incomplete without this stamp. It shows the karat purity, fineness number, BIS logo, etc. on the items.
This is helpful for you to know the purity of your articles. And you can tally it with the current market rates and have a rough estimate of their worth. But sometimes, the purity indicated on the stamp is not the same as the article itself. Sometimes, the indication can be more than the original purity composition.
By doing so, local and small-scale dealers take a lot more money from you than what the accessories deserve. And people are usually occupied with their financial troubles. Hence, they do not bother conducting proper research.
Whenever you buy or Sell Gold, it is best that you know your items beforehand and get them tested. The hallmark stamp can be put on your items by fraudulent venues as well. Hence, decoding their genuineness is essential. You can go to professional venues or firms like Cashfor Gold and Silverkings Pvt Ltd.
They test your items with internationally-approved methods of analysis. And they then determine the best value that they have in the market. You can easily sell your items to them and rest assured of the best returns. They conduct the evaluation right in front of your eyes, hence ensuring transparency in the process. This is why they are reliable Gold Buyers.
Leveraging The Worth
Sometimes, the hallmark might specify the right purity and percentage of the article. But it might not specify if the precious metal is plated or full solid. This can be a huge loss for people. Because the weight and amount of plating are much less than solid items.
After melting and extracting the precious mineral, you will find that the composition is very less. This might not give you any considerable returns.
If you do not ensure proper testing of the items, you might pay the price for the solid ones! The hallmark stamp contains the code of the jeweler and the assaying center. This shows that only BIS-certified venues conduct the certification. Jewelry Buyers know of this too. You can tally the code with the ones found on the BIS site.
If they don’t match, then the authenticity of your items is in question. The hallmarking must have been done by local and unprofessional firms. Such research and evaluation of your jewelry and ornaments are essential before selling them. Because otherwise, you won’t be able to get the best deals on your accessories.
Such lack of information and research is the reason why many people incur huge losses on their accessories. You must avoid this by selling your items the right way to reliable and experienced dealers.