A transparent process is more important than a dramatic headline. Avoid these common mistakes when reviewing a gold valuation.
Comparing Only the Advertised Rate
A high advertised rate is not useful unless you know the purity and net weight to which it applies. Compare the final explained amount.
Ignoring Non-Gold Components
Gross jewellery weight may include stones, thread, springs or attachments. Ask for the eligible net gold weight.
Accepting an Unclear Calculation
Do not proceed until purity, weight, rate and deductions are explained. Keep a transaction record after completion.
Sharing Sensitive Information Carelessly
Use verified contact channels and never share banking or identity OTPs with an unknown person.
Frequently Asked Questions
Should I compare more than one valuation?
You may compare if you are uncertain, but ensure each comparison uses the same purity and net weight basis.
Is the highest headline rate always best?
No. The final payable amount and transparent calculation matter more.
Should I approve before seeing the calculation?
Review the complete details before giving final approval.