Five Common Mistakes When Buying Gold

**1. Buying from Unreliable Stores:** Many people try to save money by purchasing from unofficial jewelers, black markets, or even strangers online. However, this can result in buying counterfeit, stolen, or lower-purity gold. **2. Not Checking Gold Purity:** 24-karat gold is soft and fragile, usually not used for jewelry. Most gold on the market is 18-karat (75% gold + 25% other metals). Some jewelers may sell lower-purity gold as 18-karat. Always verify that the stamped purity on the gold matches the details on the invoice.

Should You Buy Gold? When Is the Best Time to Invest?

1. Buying from Unreliable Stores
Many people try to save money by purchasing from unofficial jewelers, black markets, or even strangers online. However, this can lead to buying counterfeit, stolen, or lower-purity gold.

2. Not Checking Gold Purity
24-karat gold is soft and fragile, usually not used for jewelry. Most gold on the market is 18-karat (75% gold + 25% other metals). Some jewelers may sell lower-purity gold as 18-karat. Always match the stamped purity on the gold with the invoice details.

3. Ignoring Craftsmanship Fees and Seller Profit
For investment purposes, choose gold with low or no craftsmanship fees. Some sellers charge unfair fees on jewelry, which can result in losses when reselling.

4. Buying Without an Official Invoice
An invoice acts as proof of ownership. Without it, you may face issues when selling. Some sellers skip issuing invoices under the pretext of discounts, which is a significant risk for buyers.

5. Not Comparing Prices
Before buying, compare gold prices at several jewelers and check the daily rates from reliable sources to ensure you purchase at the best possible price.