- Buy from Reputable Stores: Always purchase from reputable and licensed stores. These stores usually provide valid warranties and certificates.
- 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.
- 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.
- Use Testing Equipment: If possible, use gold testing equipment like a touchstone and nitric acid to verify the authenticity of the gold.
- Consult an Expert: If you have doubts about your purchase, you can consult experts and specialists in this field.
- Avoid Unverified Online Purchases: Refrain from buying gold from unknown and unverified online websites and stores.
- Check Hallmarks and Stamps: Genuine gold usually has hallmarks and stamps indicating the purity and the manufacturer’s information.
- 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.
How to Prevent Fraud in Buying Gold
23
Nov