Gold carries immense traditional value in Indian families and is also a preferred investment option that may come in handy in times of crisis. With Muthoot Gold Point, selling your old gold at the best price in Telangana is rewarding and hassle-free.
Muthoot Gold Point is a well-established and trusted place that follows a 100% transparent, accountable, fair, and easy gold-buying process. It is the first national initiative to recycle gold. We use advanced XRF machines to check the value, weight and purity of your gold and offer instant cash against gold in Telangana with high convenience. The venture is in sync with the Government of India’s vision for the Indian Gold Industry.
Sell Your Gold in Telangana For Instant Cash at Muthoot Gold Point
At Muthoot Gold Point, we intend to revolutionise the retail recycled gold segment for the ease of our customers. Individuals looking for instant cash against Gold in Telangana can visit the Muthoot Gold Point branch and meet their financial obligations hassle-free.
Individuals selling their old gold can receive Rs.10,000 in cash instantly. Gold values exceeding Rs.10,000 are credited to your bank account via IMPS, NEFT, or RTGS, depending on your preference. This makes the selling process transparent and convenient for individuals.
What Are Some Interesting Facts about Gold in Telangana?
- Like other states in India, most of the gold in Telangana is imported.
- The gold rate fluctuates daily depending on market trends. Knowing this, you might gauge the best time to sell your gold. Wait for the time when prices go up. Then contact certified gold buyers in Telangana, like Muthoot Gold Point and get the best value for your old gold at the current market rate.
- The Gem & Jewellery Export Promotion Council (GJEPC), Department of Commerce, has set up jewellery manufacturing clusters in Telangana. This is the set up under the scheme for setting up Common Facility Centres (CFC) in manufacturing clusters of the gem and jewellery sector. This scheme provides access to the common pool of advanced technology and equipment to small manufacturers and artisans.
What is the Purity Checking Process of Gold Point in Telangana, and the factors affecting it?
When selling old gold, conducting a gold purity test is the first thing you need to do. A gold purity check is a process of examining the karat weight of the gold. Karat (KT) indicates how much gold your jewellery contains. Higher karat means higher purity. 24 Karat is pure gold. The most widely available Gold is 22KT.
Usually, you get the karat number engraved on the gold piece. A few factors that help you to check the purity are the BIS (Bureau of Indian Standards) hallmark, hallmarking centre number and jeweller identification mark.
- Visit the Muthoot Gold Point branch in Telangana to get the resale value for your gold.
- The old gold piece is cleaned with ultrasonic machines in front of you.
- The purity will be checked through advanced XRF machines.
- It is then valued as per the current market price.
- If you agree to the offer, you will get instant cash. Amounts above Rs 10,000 are instantly transferred to your bank account via NEFT/IMPS/RT.
Based on weight and purity, we will give you the best value for your old gold as per the current market price.
What are the Documents Required for Selling Gold in Telangana?
Generally, gold buyers demand an invoice or bill for old gold. However, it is not mandatory with Muthoot Gold Point. Often times, people want to sell their age-old heritage gold jewellery, or might lose their purchase invoice. It is not an issue at Gold Point. You can sell gold without a bill.
You just need to carry a few documents to sell your old gold at the best value at Muthoot Gold Point.
- ID Proof: PAN/Driving licence/Passport/Election ID/Aadhaar Number can be submitted as ID proof.
- Address Proof: Driving Licence, Passport are valid as proof of address.
Why Should You Choose Muthoot Gold Point to Sell Gold in Telangana?
1. Scientific Methods Used for Evaluation
The dirt on your gold pieces may hamper their correct evaluation and decrease their selling price. At Muthoot Gold Point, you can see how your gold is evaluated following scientific steps on multiple levels. There will be a purity check to determine the exact gold value. A local jeweller can only use a touchstone to determine the old gold purity, which isn't accurate enough to determine the resale value.
2. Honesty and Transparency
Muthoot Gold Point customers are stress-free about fraud or unfair gold valuations. The complete valuation process takes place in front of you. Our executives make you a part of the valuation process. It makes the process transparent as they keep sharing insights with you. Thus, you can be sure that your valuable gold is in the right hands.
3. Muthoot Meets Standards of Professionalism
Muthoot Gold Point, the leading used gold buyer in Telangana, has the highest standards for business practices. Here's how we maintain our position as the most reliable gold buyer.
- At Muthoot Gold Point, the old gold piece is evaluated and weighed with utmost accuracy so our customers can get genuine resale value. Unlike local jewellers who give only approx weight, Muthoot takes up to multiple decimal points to weigh the gold which adds significantly to the resale value.
- Generally, unorganised gold merchants consider the lowest gold rate of the day, which provides you with a lower gold value. However, Muthoot Gold Point takes your gold value at the current market value.
- Local jewellers do not provide invoices for gold purchased. At Muthoot Gold Point, you always get the invoice just after completing the transaction.
What are the things to consider before Selling gold in Telangana?
A few crucial aspects to consider have been listed below.
- Check rates across buyers: Gold buyers in Telangana follow a standardised procedure for gold evaluation. You can receive a few quotes from different used gold buyers in Telangana. Choose a reliable buyer offering the highest value.
- Check for purity: Consumers must be mindful of their gold purity before selling. You can negotiate with the buyer company to get the best gold rate if you have the Bureau of Indian Standards (BIS) hallmarked procedure. 22-Karat Gold jewellery engraved with the hallmark of 916 indicates 91.6% purity.
- Understand the gold price today: Before approaching old gold buyers in Telangana, check for the highest and lowest rate of gold on that day.
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