Selling gold is a very common practice in India, which people tend to
convert into money in extreme need of money.
Indian markets offer myriad options to buy and sell ornaments. But
when it comes on to banks selling the gold bullion, bars or coins to
people they never buy it back from them. So ultimately they have no
option but to sell their gold to the jewel smith or some craftsmen,
who take advantage of situation and deduct the huge amount in the name
of wastage charge, melting charge and so on. This results in paying a
maximum 60-65 per cent of the value of gold, which is not worth at any
manner for customers.
It is observed that money en-cash on selling gold leads to
disappointment if you do not research following things properly before
selling gold.
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