Buying gold jewellery is a significant investment, whether you're purchasing a timeless piece for yourself, a meaningful gift for a loved one, or an heirloom to pass down through generations.
If you're stressed or unsure of how to start investing in gold jewellery, don’t worry, we’ve got you covered!
Here are our top 7 tips to help you make a smart and confident gold jewellery purchase.
1. Check the Prevailing Gold Rate
Gold prices fluctuate daily based on global market conditions, making this a key factor in determining the value of any gold jewellery. Hence, checking the latest gold rate is a crucial step; however, you may be surprised at how many people overlook this when purchasing gold.
💡Always check the latest gold rate in Singapore before you shop. It’s available on our menu bar above. ↑
2. Look for Hallmarked Gold Jewellery
Hallmarking is an identification mark that certifies the purity and authenticity of precious metals. In Singapore, reputable jewellers like Chip Lee Jewellery are certified members of the Singapore Assay Office (SAO), ensuring the authenticity of our gold. Always look for hallmarks that indicate gold purity and certifications from recognised authorities.
💡Avoid purchasing jewellery without a proper hallmark as you risk purchasing substandard or misrepresented gold.
Learn more about the importance of hallmarking here.
3. Understand Gold Jewellery Pricing
Gold jewellery pricing isn't just about weight; it’s also influenced by craftsmanship and purity.
| Weight | Heavier pieces generally cost more |
|
Purity |
The higher the purity, the greater the value (Eg. 24K gold is more expensive than 22K or 18K gold) |
| Craftsmanship | Intricate designs require more skill and labour, which adds to the overall cost. |
💡Follow gold price trends in Singapore to time your purchase strategically.
4. Consider the Craftsmanship and Design
Beyond gold content, expert craftsmanship defines the beauty, durability, and value of every piece. Look closely at the finishing, symmetry, and intricate detailing — hallmarks of true quality.
💡Choose timeless designs if you're looking for long-term value. Explore collections like Chip Lee Jewellery’s Mahjong Collection, where tradition meets modern artistry.
5. Check the Resale and Exchange Policies
Gold is more than a purchase — it's an investment. Understanding a jeweller’s trade-in or resale policy helps you make informed, future-ready decisions.
Have questions regarding our trade-in policy? Contact us or visit any of our stores. Our friendly team is here to assist you!
6. Choose a Reputable Jeweller
A trustworthy jeweller guarantees quality, authenticity, and fair pricing. With decades of experience and SAO accreditation, Chip Lee Jewellery assures you peace of mind with every purchase.
💡Read customer reviews and enquire about return policies and warranties.
7. Always Ask For Proof of Purchase
Always verify and keep your invoice when purchasing gold jewellery. It should clearly state the gold rate, product weight, taxes, and total amount paid.
Your invoice serves as proof of purchase and is essential if you plan to sell or trade in your gold in the future — helping you track original value for accurate profit or loss calculations.
Conclusion
Buying gold jewellery in Singapore is more than just a purchase — it’s a meaningful investment in quality, craftsmanship, and lasting value.
By understanding gold purity, pricing, hallmarking, and resale policies, you’re empowered to make informed, confident decisions.
Visit Chip Lee Jewellery to explore timeless collections and receive expert advice on your gold jewellery journey. Our friendly retail staff are always happy to assist you.
Looking to learn more? Check out why Gold Jewellery: More Than Just an Accessory.