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When it comes to gold and silver, a lot of people prefer buying gold pertaining to its shine, but a pocket-friendly alternative option that one can easily consider is silver. Similar to gold, silver can be bought in many different forms from the Online Silver Store.
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When it comes to gold and silver, a lot of people prefer buying gold pertaining to its shine, but a pocket-friendly alternative option that one can easily consider is silver. • Similar to gold, silver can be bought in many different forms from the Online Silver Store. • Silver gift items online include jwellery, coins, bars, and utensils. • With prices of golds reaching all-time high, silver is a far cheaper alternative. You don’t really have to be a genius to do the math.
If you’re planning on purchasing silver, here are a few things that you need to consider:
Purity of Silver • Similar to gold, you can buy hallmarked silver too. the Bureau of Indian Standards (BIS) is involved in hallmarking silver items too. • As per BIS standards, there are 4 signs that customers need to look for when buying hallmarked silver items. • However, hallmarking of gold and silver jwellery is more of a voluntary process.
If a jeweler offers you a non-hallmarked silver item, you may request them to get the item hallmarked. • Hallmark on silver items provide validity of its purity. The four signs to look for are: • BIS logo • Hallmarking center’s identification number/mark • Jeweler’s identification number/mark • Purity grade/fineness
Making Charges • When buying silver jwellery, one often takes the price quoted by jewelers on its face value. • However, you should ask the jeweler what the price of silver is prevailing in market at the time, and what would be the making charge charged by the jeweler for the Silver Gift Items Online that you would like to buy. • For silver articles, the making charges are usually Rs 3/gram without any maximum limit.
Check for Buy-Back Policy • A lot of people tend to sell their old gold or silver articles to buy new ones. • While purchasing a new silver article, you should make sure that you ask your jeweler about buy-back policy. • How much money would you receive if you, in future, decide that you want to sell that article back to the same jeweler?
For example, if you have purchased silver article of 925 grade in the past, then at the moment of selling it back to your jeweler, they would pay you for 92.5 percent of that silver article only. • Therefore, you need to know the different kinds of charges that would be taken into consideration when calculating the sale price of your silver article.
Gemstone on Silver Articles • At times, silver articles have gemstones too embedded on it. • You need to ensure that your jeweler hasn’t priced in weight of those gemstones when calculating the price of the silver. • The online silver store will provide you with complete details regarding pricing, making charges and weight of the silver articles.
German Silver • These days, apart from silver, you can purchase something that is known popularly as German silver. • However, this German silver shouldn’t be confused with sterling silver or silver. • There is difference between German silver and sterling silver.
Sterling silver is made up of only pure silver and some other alloys which is further hallmarked. • On the other hand, the German silver is a metal, like brass or copper, that has silver polish on it. • This isn’t hallmarked either.
