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How to Prevent Fraud in Buying Gold

  1. Buy from Reputable Stores: Always purchase from reputable and licensed stores. These stores usually provide valid warranties and certificates.
  2. Examine Certificates and Invoices: Always check the authenticity certificate and the purchase invoice. The certificates should include detailed information such as weight, purity, and price of the gold.
  3. Stay Informed About Daily Prices: Before making a purchase, be aware of the current gold prices. Gold prices fluctuate daily, and knowing the current rates can help you avoid overpaying.
  4. Use Testing Equipment: If possible, use gold testing equipment like a touchstone and nitric acid to verify the authenticity of the gold.
  5. Consult an Expert: If you have doubts about your purchase, you can consult experts and specialists in this field.
  6. Avoid Unverified Online Purchases: Refrain from buying gold from unknown and unverified online websites and stores.
  7. Check Hallmarks and Stamps: Genuine gold usually has hallmarks and stamps indicating the purity and the manufacturer’s information.
  8. Pay Attention to Weight and Size: When buying gold, be mindful of the weight and size of the piece. Small differences in weight can significantly affect the price.

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