Guide To Buying Authentic Gold Online NZ

Are you looking to find easy ways to buy gold without worrying about its weight, measurements and purity? We know how hard it can be to look for the best gold jewellery in the market flooding with variants and alloys. so, let’s answer your search for premium quality gold at competitive prices.

Diving deep into the parallels of buying gold, how to know its prices and what to expect in the market. Let’s explore here.

Look For Trustworthy Jewellers Online

This should always be step one before going shopping for gold. It’s important to look for reputable jewellers when buying physical gold because it’s a valuable investment that you’ll want to keep for generations to come. You should always research a renowned store before purchasing gold. Look for dealers who are reliable jewellery stores in New Zealand.

Measuring Gold Accurately

1. The weight of gold must be measured in Troy ounces, not grams or standard (Avoirdupois) ounces, to determine its worth.

2. You must also know the gold’s purity or fineness. Gold is measured in caratage (carat/ct or karat/k), which is a phrase used to represent how pure the gold metal is. Unlike diamonds and gemstones, which are measured in carats, gold also comes in various colors.

3. While palladium and nickel alloys produce white gold, which is further enhanced with rhodium plating to produce a highly reflective white surface, zinc alloys produce pink or rose gold when added to gold. The rhodium plating on white gold jewelry may erode with time and wear off and the white gold will lose its brightness. so, it’s necessary to have the jewellery re-rhodium plated by your jeweller NZ.

Go For Physical Gold

You need to decide what type of gold you need to buy and then look for a reputable jeweller online.

Gold Jewellery: While this can be a good way to invest in gold, it often carries a premium for craftsmanship. Some popular jewellery options include Gold hoop earrings, gold ball stud earrings, gold chains, gold bracelets & more.

Gold Coins: These include collectible coins, such as the New Zealand Mint’s gold bullion coins, or internationally recognized coins and signets.

Gold Bars: Available in various sizes, from 1 oz bars to larger 1 kg or 100 oz bars. These are often sold by weight and purity.

Always Check the Price of Gold

The price of gold fluctuates daily based on market conditions. Before you make any purchase, check the current market price to ensure you’re paying a fair price. Gold is usually quoted per troy ounce, and New Zealand dealers may charge a premium on top of the spot price for the cost of minting, packaging, or profit margins.

Spot Price: The current market price for one troy ounce of gold.

Premium: The additional cost that comes with purchasing gold from a dealer, can vary depending on the size, form, and seller. You can take the help of some websites that provide real-time spot prices and always be informed.

Ensure Purity & Authenticity

When buying physical gold, ensure you’re purchasing from a reputable source and that the gold is of high purity or is what you need. The standard purity for investment-grade gold is 999.9 (24 karats), though gold coins might be slightly less pure due to the inclusion of other metals for durability. Get 14ct gold engagement rings, 10ct gold chains, 9ct belcher chains in gold & more from Stonex Jewellers New Zealand.

Hallmarks and Certificates are also an important part of going on a gold shopping spree. Ensure the gold is stamped with purity marks and that you receive any certificates of authenticity when buying gold. Always buy from reputable, well-established dealers with good customer reviews.

Buying gold jewellery in New Zealand can be an excellent way to diversify your investment and to surprise your loved ones on their special day. Whether you’re purchasing physical gold or investing in it, make sure to choose reputable jewellers NZ that understands the market & helps you choose the right gold jewellery for you and your family.

AUTHOR BIO

Karsha

Karsha has been a writer for over 10 years and has been writing for Stonex Jewellers for more than two years where she has gained insights on how to capture the essence of the jewellery industry. She comes from a versatile background, having written for fashion & lifestyle beats and covering the trends of the market. Graduated from the domain of Journalism & Mass Communication — she knows how to depict the cultural and emotional significance of who styles what & when.