Get App
Download App Scanner
Scan to Download
Advertisement

Buying Silver Jewellery This Dhanteras? Here's How to Ensure It's Genuine

Buying silver jewellery this Dhanteras? Check purity marks, ask for a proper bill, compare prices, and choose a trusted jeweller to ensure your festive purchase is genuine and worth your money.

Buying Silver Jewellery This Dhanteras? Here's How to Ensure It's Genuine
Buying silver this Dhanteras? Check purity, compare prices, and make a smart festive purchase!
Image: NDTV Profit

Dhanteras is one of the most popular occasions to buy precious metals, with silver jewellery such as anklets, rings, earrings and payals among the common choices. But festive discounts can sometimes make it easy to overlook what you are actually paying for. Not every piece that looks like silver is made of genuine silver, so buyers should know how to check its purity before making a purchase.

ALSO READ: Rs 5 Lakh Monthly Income, No Faith In Mutual Funds: Why This Investor Is Turning To FDs

Check the Purity Mark

Among the very first things you will need to consider is the purity of the silver. When you purchase 925 sterling silver, the jewellery must consist of 92.5% pure silver and 7.5% additional materials like copper.

Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay

Check for a mark of '925' on the piece. But this mark alone doesn't guarantee its authenticity. Ask the jeweller for proper documentation and applicable hallmarking details

Ask for a Proper Bill

Imagine you purchase a pair of silver earrings worth Rs 5,000 from market. You get a discount on the sale, but no bill. Would you have faith in the purchase? The proper bill specify details of the silver, including the description, its weight, cost and tax..

Don't Fall for Extremely Low Prices

Silver prices vary with the market. When one shop sells a silver chain for a very low price compared to others, take a few minutes to investigate. Check out the silver price, making charges, and overall price at two or three stores. Discounts are not always good deals, especially if the purity of the product is unknown.

Choose a Trusted Jeweller

Purchase from a jeweler who explains the purity, gives you an invoice, and tells you about the policy for returns or exchanges. You can also look at the latest requirements for hallmarking on the official website of Bureau of Indian Standards.

ALSO READ: You Need Rs 20 Lakh in 7 Years. What If Your SIP Portfolio Falls 20% in Year Six? 

Silver jewellery can be a beautiful festive purchase and a meaningful gift. Just remember that attractive designs and shiny finishes don't guarantee purity.

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source
Listen to the latest songs, only on JioSaavn.com