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Friday, January 22, 2010

Tips on buying Gold in Singapore

Some Golden rules

Compare prices and shop around before buying, as some retailers may offer discounts.
Buy jewellery certified by the Singapore Assay Office.
Ensure that the jewellery is weighed in your presence, and that jewellers charge based on the net weight.
Insist on a detailed breakdown in the receipt of the gold price (per gram), labour cost and weight, and keep all proofs of purchase.
Consumers can report to Nets or credit-card companies jewellers who attempt to pass on credit-card or Nets processing fees – which sellers claim to be 3 to 5 per cent of the goods’ price – to buyers.
Retailers are supposed to absorb the charges, according to contractual agreements between Nets and retailers.
Check with retailers on the terms and conditions of purchase, and if they have an exchange or refund policy before buying.

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