Things to Know before Buying Gold

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Buying gold is never an easy undertaking as is the case with buying groceries or shopping for electronics. Even then, sometimes the product you buy may fall short of your expectations. No wonder people prefer buying gold from renowned brands.

To avoid falling for a scam, it is essential that you understand what goes into making an informed gold purchase decision. And that’s precisely what this quick guide will help you uncover today. Here are a few things to know before buying gold in Singapore.

Understand the Codes on Legal Gold Sourcing

You can never risk skimping on information pertaining to legal sourcing of gold when making this expensive purchase in Singapore. Thanks to the internet, it is now easy to know which sources are legal.

Never should you opt for gold sourced through illegal channels as they fall on the bad delivery list. Buying such products even if they are way below the current Singapore gold rate could prove costly.

Go For Hallmarked Gold

It is in your best interest that you only go for hallmarked gold when making a purchase. As a quick reminder, hallmark is a testimony to the purity of gold, which guarantees the quality of your investment. Ever since it was introduced, most countries have strived to ensure only hallmarked jewelries are sold at showrooms.

Cost Per Gram

You need to be aware of the gold price per gram Singapore before parting with your hard-earned money. The last thing you want to do is to find yourself spending way more than planned on gold jewelry. A good way to find this information is by leveraging the numerous trustworthy websites available online.

Keep in mind that gold prices in Singapore can vary greatly at different showrooms. And this doesn’t come as a surprise considering they come from different gold associations. But the biggest usually have similar rates.

The Bottom Line

There are numerous things worth looking into the next time you want to buy gold in Singapore. And considering this is an expensive purchase, you must give it the deserved attention to avoid falling into a scam.

If you still have no idea on the best place to buy your gold in Singapore, then you should look no further than Maxi Cash. Here, you can buy gold in Singapore at the best rates possible. Check Maxi Cash today to uncover more.


kamariya Weston is a marketing professional and freelance writer based in London. She has a Bachelor's degree in Marketing from the University of Westminster and has worked in the marketing industry for over seven years. kamariya westons writing has been published in various online publications, covering topics such as social media marketing, content marketing, and digital advertising. In her free time, kamariya weston enjoys traveling, cooking, and practicing photography.

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