Gold and Silver Prices Plummet: 5 Essential Tips Before You Buy!

• Gold and silver prices have seen a significant drop, with silver falling by ₹15,943 per kg and gold by ₹4,432 per 10 grams.
• The price reduction has led to increased purchases, especially for silver, due to fears of future price hikes and the ongoing wedding season.
• Always verify BIS hallmarking for silver jewelry to ensure purity and secure future resale value.
• Understand silver grades: 9999/9995 for coins/bars and 990/925 (sterling silver) for jewelry, to avoid buying inferior quality.
• Be cautious of making charges (10-20%), avoid German silver (not real silver), and always demand a proper bill with full details for future security.

Why It Matters: Significant drop in gold and silver prices; buyers must verify purity, grade, making charges, and obtain proper bills.