Ask the Experts
Frequently Asked Question
SECOND-HAND GOLD EVALUATION PROCESS
The gold content is assessed at the outset by identifying the hallmark, a number marked on your jewellery that indicates what the gold content is.
24 carat gold has the highest gold content and 8 carat has the lowest moreover If we cannot find a mark, we will test your gold to find out the gold content, and pay you accordingly.
Markings that you may encounter include 22/20,22CT,KDM,916,BIS916 in addition to 99.99 (100% gold) and any carat in between.
Touch stone, Acid test, XRF Testing are the procedures we follow moreover A basic test can take 2-3 minutes per article.
SECOND-HAND GOLD CALCULATION
It is very simple : example Gold weight X Purity Percentage X Buying rate.The prices we pay are based on the amount of precious metals you have for sale and the current spot price for those metals.
TODAY'S GOLD PRICE in CHENNAI
Precious metals are internationally traded commodities. Their prices, known as spot prices, are determined by the supply and demand on global markets.
The prices we pay are derived from these markets, so when global prices change, our do too.
REMOVAL OF STONES
Stones , Beads, Enamel ,Dust, weight will be deducted for valuation and We will remove any diamonds or other stones in your second-hand gold jewellery and return them to you.
FREE TO DECIDE
In like manner you can choose to sell your items with or without the stones in them.
NO- your Gold ornaments will not get damaged if a computer XRF test is performed.
We comply with all GOVT.OF INDIA (T.N.) legislation and regulations that relate to buying and selling precious metals, used gold jewellery,diamond,platinum,silver etc ., in chennai.
As such, we are required to perform an identity check on everyone who sells us second hand gold items. We will not be able to buy from minors, aged less than 18 years of age.
You must produce ORIGINAL 1 Photo ID & 1 Address proof out of the following documents i.e. Aadhar card, Pan card,Driving license, Passport,Election ID, Work ID, Telephone bill, Mobile bill, Purchase Bill,Property Sale Deed,Rental Agreement,Bank Statement.
YES you can by providing 1 Photo ID & 1 (local) Address & 1 (Native) Address proof.
No we will not be able to re-sell it as we will be melting it for purification immediately. Please decide before you sell gold.
GOLDMAX respect the privacy of your personal information, and comply with all T.N. privacy legislation. We do not use your personal information for any purpose other than the one for which you provide it.
We are open from 10am to 6pm Monday to Saturday.
second-hand gold buyers chennai
Finally getting the best price starts by educating yourself about Antique jewelry and learning how much the jewelry is worth.
Some very old gold does not have a karat stamp so you may want to test it to make sure that it is actually gold Knowing how valuable certain gemstones jewelry are can give you a good idea of your jewellery value.
Of course, without official certification you have no way of knowing just how valuable or high-quality a specific gem is or even if it is real, That is where a professional stone evaluator comes in.
“At Gold Max we always put our customers in front, by educating them in the right way. We always there to solve your query towards our service.”
COO-GEMSTONE EVALUATOR-JEWELLERY APPRAISER – GOLD MAX