Fake Gold Case: Gold has always been a symbol of wealth and respect in Indian society. The tradition of buying gold on festivals, weddings, and special occasions is very old in our country. But nowadays the news of fake gold in the market is increasing rapidly, causing great loss to consumers. Recently, fake gold was caught in a market in a big city, causing panic among buyers. Buying fake gold not only causes you financial loss, but it can also affect your future investments.
This problem has become common nowadays and there are many reasons behind it. Lack of knowledge about identifying fake gold, lack of proper testing equipment, and the cleverness of fraudsters are some of them. In this article, we will tell you what to keep in mind while buying gold, so that you can avoid fake gold and keep your investment safe.
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What is the matter of fake gold
Recently, a case of selling fake gold has come to light in a major city market. This incident came to light when a customer bought gold from a reputed jewellery shop and later sent it for testing. During the investigation, it was revealed that the gold was fake. After this incident, the administration took action and raided several shops and seized a huge amount of fake gold.
घटना की मुख्य बातें:
- place: Main market of major city
- Date: August 25, 2024
- Type of fake gold: Fake gold being sold in the name of 22 carat and 24 carat
- Action: Raid by administration and seizure of fake gold
What is fake gold and how to identify it?
Fake gold is gold that is sold as real gold but is actually of lesser quality or adulterated with gold. It can be difficult to identify, especially when it is presented as high quality gold. Fake gold often uses copper, brass or other metals to try to make it look like real gold.
नकली सोने के लक्षण
- Colour and shine: The color and shine of fake gold is often different from real gold. Fake gold starts losing its color and shine after some time.
- Weight: Fake gold weighs less than real gold. Real gold is dense and weighs relatively more.
- feedback: Fake gold does not change in the acid test, whereas real gold does not react when exposed to acid.
नकली सोने से बचने के उपाय
- Buy from a trusted jeweler only: Always buy gold from a certified and trusted jeweler.
- Collect Bills and Certificates: Always take the bill and BIS hallmark certificate while buying gold. This guarantees you the purity of the gold.
- Check the quality of gold: Before buying gold, get its quality and purity checked. For this, you can also use a jewellery testing kit.
Things to keep in mind while buying gold
| Things to note | Description |
|---|---|
| Buy from a trusted source | Always buy gold from a certified and trusted source. |
| Check the accuracy | Keep in mind BIS hallmark for the purity of gold. |
| Check the exact price | Check the latest price of Gold before buying. |
| Get all documents | Make sure to get the bill and purity certificate. |
| Identify fake gold | Identify fake gold by color, weight and acid test. |
Necessary precautions while buying gold
- Check Gold Weight & Purity: While buying gold, it is necessary to check its weight and purity. Some jewelers adulterate gold which increases its weight.
- Check the hallmark: Hallmark is an important proof that proves the purity of gold. Make sure the gold you buy is BIS hallmarked.
- Gold Buyback Policy: Some jewelers also offer gold buyback policy. This policy helps in keeping your investment safe.
- Use a testing kit to identify fake gold: Nowadays, testing kits are available in the market to check gold. Using these, you can identify fake gold.
Recent cases of detection of fake gold
In a recent incident, a consignment of fake gold was caught in a big market. This gold was being sold in the name of high quality, but after investigation it was proved that it was fake. This incident has warned gold buyers to be cautious while buying gold.
How to protect yourself from fake gold?
- Buy only from trusted stores: To avoid fake gold, always buy gold from a reputed and trusted jeweler.
- Know the real identity of gold: To identify the authenticity of gold, it must be hallmark certified. Apart from this, also check its weight, colour, and metal composition.
- Keep all documents safe: Keep all documents and certificates safe while buying gold. This is important for your future investment.
Overview of Gold Prices
| Carat | accuracy (%) | Price (per 10 g) |
| 24 carat | 99.9% | 60,000 rupees (example) |
| 22 carat | 91.6% | Rs 54,996 (Example) |
| 18 carat | 75% | 45,000 rupees (example) |
Gold prices depend on various factors, such as the global market, currency rates, and local demand. Therefore, it is important to know all these factors before buying gold.
