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Wednesday, October 3, 2012

How to Buy Gold Jewelry?

By Walter Pierre


Design is not every thing. When it comes to purchasing a golden jewelry then quality really matters. So beneath here are some essential factors that will assist you to figure out the quality of the gold jewelry.

The first thing you need to remember is that gold is like cash. It can easily be transformed into money at very near its market value. You might see some ads like "$100 gold now in $60, buy now!" Keep in mind it is not possible, so do not get attracted to these kinds of publicity. No retailer can afford to sell below the gold value.

Now to calculate the value of the gold you'll need 3 pieces of information. 1st one is the Karat of the gold; 2nd one is the weight and the last one is the cost of the gold which you'll find in your every day newspaper.

Remember Carat and Karat is two different terms. Carat refers to the weight of a gemstone whereas Karat refers to the fineness of gold. A Karat number refers towards the fineness of gold in parts for each 1000. For example a 750 gold means that it is 75% gold. A pure gold is marked as 1000.

Sometimes gold is alloyed with other metals to make a new colour often times white or rose. This is mainly done once the natural yellowish colour doesn't match up with the gemstone. But keep in mind the value of the gold doesn't change due to the colour.

All gold is stamped and hallmarked with its high quality. So you should look for these marks to find out the standard. You may see markings like EP (Electroplate), GP (Gold Plate), and HGP (Hard Gold Plate); keep in mind these are not solid gold.

Now to determine the gold value, you'll need to seek advice from your every day newspaper. Divide the price of the gold by 31.103 and you will get the price of 1 gram of pure gold in US dollar. Now multiply that number with the percentage gold and then multiply the resulted number by the weight in gram; you will have the current gold value of the product.

In the event you adhere to these guidelines then you are certain to end up with the correct gold jewelry. However ensure that you get a get guarantee from the seller for your own piece of mind.




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