Release pledged Gold
Frequently Asked Question
How to Release Pledged Gold ?
RELEASE PLEDGED GOLD at GoldMax with simple proceedures Generally Customer provides pledged gold documents to calculate the Total Outstanding.
However Rough Estimation done before release of pledged gold. Generally our Staff/Executive will visit along with customer to bank and make payments.
Final evaluation and balance cash paid to the customer.
GOLD SALE -EVALUATION PROCEDURE
Generally the gold content assessed at the outset by identifying the hallmark, moreover a number marked on your jewellery that indicates what the gold content is.
In comparison to 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 purity content.
Same applies when you release pledged gold.
Release Pledged gold /Pledge gold sale.
However markings that you may encounter include 22/20,22CT,KDM,916,BIS916 in addition to 99.99 (100% gold) and any carat in between.
TEST PROCESS :
As a rule Touch stone, Acid test, XRF Testing are the procedures we follow.
Moreover a basic test can take 2-3 minutes per article.
However Old used gold chains will be heated/melted at 1064 C GOLD POINT if needed.
It is very simple : example Gold weight X Purity Percentage X Buying rate.The prices we pay based on the amount of precious metals you have for sale and the current spot price for those metals.
Precious metals are internationally traded commodities. Their prices, known as spot prices, determined by the supply and demand on global markets regularly.
Hence the prices we pay 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.
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.