If you have ever tried selling your old gold for cash, you already know how confusing the entire process can be. Everyone claims to offer the highest value, but the moment they visit a reliable gold buyer in Kolkata, the reality feels far different. That’s exactly the reason why most people search for the best place to sell gold in Kolkata, because the wrong buyer can cause unnecessary stress, loss, and you can end up regretting paying more than the actual value.

In this blog, we will break down the biggest risks facing sellers today, especially in a market where transparency is not always guaranteed.

Risks that Sellers Should be Aware of  – Why you should always go for the Best Place to Sell Gold in Kolkata?

● Purity Manipulation by Melting Your Gold

This is one of the oldest tricks that happens right in front of your eyes. Some buyers melt your jewellery under the excuse of “checking purity”.

But what actually happens:

1. Once melted, the weight naturally reduces
2. They then claim ‘impurity loss” and deduct even more
3. The customer ends up accepting a far lower price, simply because there is no way to check or challenge the new weight of the gold measured.

● Fake or tampered-with purity testing machines

Not every digital purity tester is real. In fact, many small or unprofessional buyers use devices that mislead you. Some rely on old machines that haven’t been updated in years, some manually adjust the readings to suit their pricing, and others use cheap tools.

And the worst part? Most customers have no idea what is happening in front of them!

Remember a genuine XRF machine is expensive, that’s true, but it gives results instantly without damaging your jewellery.

● Hidden Service Charges

This is one of the biggest reasons people lose money unknowingly. Some shops do look promising at first, but then add:

1. Evaluation Charges
2. Testing Fees
3. Melting Charges
4. Service Charges
5. Handling Fees

By the time the final amount is calculated, and all those extra charges and deductions get added, the amount you actually receive is nowhere close to what you expected! Remember that a trustworthy buyer never charges anything for melting or testing – because that should be completely free and transparent, and it should happen right in front of the customer!

● Unsafe Home-Pickup Scams

Home pickup does sound convenient, but it is also where scams happen the most! Common issues include:

1. Collecting your old gold and delaying payment
2. Not testing in front of you
3. Taking your old gold “to the store” for valuation purposes
4. Offering low rates after they already have your gold

Remember that a genuine buyer will test the gold at home right in front of you and will pay you instantly – without any delays and hassle!

● Unlicensed and Unregistered Gold Buyers

This is the most dangerous risk of all. Many small buyers operate without:

1. Any shop license
2. Any documentation
3. Any government compliance

So if in between, if anything goes wrong, like if you receive unfair pricing or face any kind of fraud, you will have no legal support or proof to protect yourself!

How to Choose the Safest and Most Transparent Gold Buyer in Kolkata

1. Are testing and valuation completely free?
2. Are they licensed and registered?
3. Do they provide instant payment in cash or by bank transfer?
4. Will they test the gold right in front of you?

What Makes MGS Gold the Best Place to Sell Gold in Kolkata? Know from the Experts themselves!

Selling old gold shouldn’t feel like you are taking a risk!  By being a little aware, you can easily avoid common mistakes and ensure you get the right value for your old gold.  Schedule a Consultation NOW and choose MGS Gold – the best place to sell gold in Kolkata today!