At Jewel House, we welcome first-time sellers with open arms and are committed to making your introduction to this process educational, transparent, and entirely pressure-free.
Demystifying the Gold Selling Process
Understanding how your gold is valued removes much of the mystery and anxiety. The calculation is actually quite straightforward:
Gold Price = (Weight in grammes) × (Purity in karats ÷ 24) × (Daily 24K Gold Rate per gramme).
Let's break this down with a simple example. If you have a 10-gramme chain of 22-karat gold, and the current 24k rate is ₹6,000 per gramme, the calculation would be: 10 × (22÷24) × 6,000 = ₹55,000. The karat division (22÷24 = 0.9167) represents the proportion of pure gold in your item, as 22k gold is 91.67% pure gold.
This formula applies universally across reputable buyers. Understanding it empowers you to verify that the offers you receive are fair and based on actual market rates rather than arbitrary figures.
What to Expect On Your First Visit to Jewel House
Walking into a Mohali gold buyer's establishment for the first time can feel daunting, but at Jewel House, we've designed the experience to be welcoming and comfortable.
You'll be greeted by friendly staff who understand this might be your first time and are ready to answer all your questions, no matter how basic they might seem. The evaluation itself is educational—you'll watch the weighing process on certified electronic scales, observe the purity testing (a small, nearly invisible scratch for the acid test), and see exactly how we arrive at the final calculation.
Perhaps most importantly, we maintain a strict "No Pressure" policy. If the offer doesn't meet your expectations, you're under absolutely no obligation to proceed. We respect your right to decline, seek other opinions, or simply take time to think. Our goal is to provide information and fair value, not to pressure anyone into a sale they're uncertain about.
Essential Checklist for First-Time Sellers
Preparation makes the process smoother and more comfortable. Here's what first-time sellers should do:
Identify Your Items: Make a simple list of what you're bringing (for example, 2 gold chains, 1 pair of earrings, 1 old ring). This helps you keep track during evaluation.
Check for Hallmarks: Look for the BIS hallmark stamp, which indicates certified purity. Common marks include "916" for 22-karat gold and "750" for 18-karat gold. Knowing this beforehand helps you understand the approximate value.
Have Realistic Expectations: Understand that you'll be paid for the melt value of the pure gold content, not the original retail price you paid. Making charges, design value, and brand premiums don't apply when selling for gold content.
Bring ID Proof: A government-issued identity document (Aadhaar, PAN card, driving licence, or passport) is required for every transaction. This is a legal requirement for security and compliance purposes.
Common First-Timer Questions Answered
"Will you cut or damage my jewellery to test it?" No, we use non-destructive testing methods. For the acid test, a small, nearly invisible scratch is made on an inconspicuous area. This doesn't affect the item's integrity or value.
"Is bargaining expected?" At Jewel House, our first quote is based on transparent calculations using live market rates. We focus on fair, accurate pricing from the start rather than inflated initial offers that require negotiation. The price we quote is the fair price we believe your gold deserves.
"How long does the entire process take?" Typically, a complete evaluation and payment takes 20-30 minutes. This includes weighing, testing, calculation, any questions you might have, and final payment upon your acceptance.
"What if I change my mind?" You can change your mind at any point before accepting the offer. There's no obligation, and your gold remains yours until you decide to proceed.
Conclusion
Taking the step to cash for gold in Mohali should be an informed and positive decision, not a source of stress or uncertainty. With this roadmap and Jewel House as your guide, you can approach your first transaction not with apprehension, but with the confidence of someone who understands the process and has chosen a partner dedicated to your satisfaction.
Whether you wish to sell gold jewelry, coins, or any other gold items, our transparent process for selling gold for cash is designed specifically with clarity and fairness in mind. We are the trusted local solution for your "sell gold near me" query, recognised by the Mohali community as reliable old gold buyers who treat every customer—especially first-timers—with patience, respect, and integrity.
