Gold Buying Scams in 2025: 7 Things You Must Know
By Team Snikio
Gold isn’t just for weddings anymore. In 2025, it’s what many people fall back on when the stock market feels too risky. But here’s the catch — buying gold isn’t always as safe as it seems.
The reality? Some jewellers aren’t playing fair. From sneaky pricing to fake certifications, they’ve got ways to trick unsuspecting buyers. If you’re thinking of buying gold, stay sharp. Here are 7 scams to watch out for — and how to avoid getting burned.
1. Carat Confusion
You ask for 22-carat, but end up getting 18 or even 14-carat gold.
Worse, some jewellers show fake BIS hallmarks to fool you.
✅ Tip: Always check for a genuine BIS hallmark and the 6-digit verification code.
2. Weight Manipulation
Old or tampered digital scales are used to show less weight.
That 10g chain you’re buying? It might really be just 9.5g.
✅ Tip: Always check the weight yourself on a digital scale. Ask to weigh it again if in doubt.
3. Making Charges Trap
Same design, but different prices in two shops?
One charges ₹500 making charges, the other asks for ₹1500.
✅ Tip: Ask for a clear breakup of making charges and wastage. Don’t accept vague bills.
4. Selling Old as New
Some shops melt old, repaired jewellery and sell it as new — but at today’s premium rates.
✅ Tip: These items may look new but lack purity and strength.
5. False Discounts
“Gold ₹500 cheaper!” sounds great in ads. But by the time GST, polishing, and hidden charges are added, the final price is higher than market rate.
✅ Tip: Always ask for the final price after all taxes and charges.
6. Impure Gold Scam
Mixing cheaper metals like copper or zinc into gold to increase weight is common in shady stores.
✅ Tip: Get an XRF machine test done. It gives results in 2 minutes and confirms purity.
7. Exchange Offer Scam
“Bring your old gold, get new!” — but your old gold is undervalued, and the new piece is overpriced. You lose on both ends.
✅ Tip: Calculate the actual value before agreeing to an exchange.
🛡️ Avoid These Scams — Follow These 4 Smart Steps:
✔️ Buy only BIS-certified gold and verify the 6-digit code
✔️ Weigh your gold yourself on a digital scale
✔️ Ask for detailed bills, especially for making charges
✔️ Test the gold’s purity using an XRF machine
🧾 Final Thoughts:
Buying gold isn’t just shopping — it’s a financial and emotional investment. One mistake, and you could lose thousands. Be informed, ask questions, and don’t rush the process.
And when in doubt, speak to a trusted jeweller or gold expert. It costs nothing to double-check — but it could save you a fortune.
💬 Have You Been Scammed Before?
Share your experience in the comments. Your story might help others shop smarter.
⚠️ Disclaimer:
This article is for educational purposes only. Please consult a certified jeweller or financial advisor before making any major purchase or investment.
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