Understanding the importance of hallmark gold when buying or selling gold

In India, gold represents much more than a regular asset, it’s a symbol of prosperity and security. When buying such a precious asset, it’s essential to know exactly where your money is going. With varying purity levels and the risk of counterfeit gold, determining the true value of your investment can be complicated. This is where hallmark gold becomes crucial, as it certifies that the gold you buy is pure and meets quality standards.

Hallmarked gold isn’t just beneficial for buying, it also adds value when you want to liquidate or leverage your gold. For residents of Pune, knowing the gold rate today in Pune is essential for making well-informed choices, whether for investment or personal use. Let’s learn more about hallmark gold, why it’s important, and how it can help you make the right decision when it comes to buying or selling gold.

What is hallmark gold

Hallmark gold, certified by the Bureau of Indian Standards (BIS), ensures that the gold you buy is genuine and pure. This certification is especially useful when buying jewellery or gold bars, as it guarantees the gold meets quality standards. BIS hallmarking indicates the gold’s purity in karats - usually 18K, 22K, or 24K.

Each hallmark stamp includes a few key details:

• The BIS-certified lab that tested the gold (assay centre mark)
• The year it was certified
• A jeweller’s unique code for traceability.

This certification not only helps you avoid fake gold but also gives you confidence that the gold you’re purchasing has real value.

Benefits of hallmark gold for buyers

Hallmarked gold offers guaranteed purity, giving buyers confidence in their purchase. It has a higher resale value and is easier to sell. Most importantly, it’s preferred by lenders, making it easier to use as collateral for loans.

Why hallmark gold matters for sellers

When it comes to selling, hallmarking ensures that you get a fair price for your gold. Selling gold with a hallmark certification is much simpler, as buyers are more likely to trust certified gold.

Taking a gold loan on hallmarked gold

If you own hallmark gold and need immediate funds, using it to secure a gold loan can be a smart financial move. Bajaj Finance offers gold loan starting from as low as ₹5,000 up to ₹2 crore. Not only does this make it easier to use your hallmark gold effectively, but it also comes with several benefits that make it an ideal financial tool.

Here are some other benefits of choosing the Bajaj Finserv Gold Loan

• Part-release facility: Allows you to repay a part of your loan and reclaim some of your gold jewellery before the loan term ends.
• No part-prepayment or foreclosure fee: Repay a part of your loan or pay it off entirely without any extra charges.
• Transparent evaluation: Best-in-class karat meters are used to ensure accurate valuation.
• Free gold insurance: Covers your gold against theft or loss while in the lender’s custody.
• Multiple repayment options: Choose a monthly, quarterly, or annual interest payment plan.
• Instant disbursal: Get funds quickly, ideal for urgent needs like medical expenses, home renovations, or business expansions.

Hallmark gold plays an essential role in these transactions, helping you get the best value for your asset, be it purchasing, selling or leveraging. Choosing hallmark gold assures you of purity and makes it easier to use your gold assets when facing a financial pinch. Whether you need funds for an emergency or a new investment, the Bajaj Finserv Gold Loan lets you turn your hallmark gold into a valuable financial resource. With its range of benefits, you can be confident that your gold investment is serving you well!