Top Tips When Buying Gold Jewellery: A Complete Guide

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.

Gold jewellery not only retains its value over time but also adds a touch of elegance to any occasion. To make an informed decision, here are some top tips to consider when buying gold jewellery.

chip lee jewellery
Stressed or unsure of how to start investing in gold jewellery? Do not worry, we got you!Β 

Here are our top 6 tips when buying gold jewellery:Β 

1. Check the Prevailing Gold Rate

This may sound elementary but you would be surprised by how many people tend to skip over this crucial step when purchasing gold. The price of gold fluctuates daily dependent on the market rate, and can’t be bargained with.

You may check our updated gold rates on the menu bar above  ↑ .

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2. Importance of Hallmarking

In Singapore, reputable jewellers like Chip Lee Jewellery are members of the Singapore Assay Office (SAO), ensuring the gold's authenticity. Look for hallmarks indicating the gold's purity and certifications from recognized authorities.

Tip: Avoid jewellery without proper hallmarks, as it may not meet industry standards.

chip lee jewellery hallmark

You would never want to purchase a beautiful gold ring and find out that its actual purity defers from its stated purity.

Read more about the Importance of Hallmarking here!

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3.Β Pricing

Gold prices fluctuate based on global market conditions. Jewellery pricing is influenced by:

  • Gold Weight: Heavier pieces cost more.

  • Purity: Higher purity equals higher value.

  • Craftsmanship: Intricate designs require more labour, adding to the cost.

Tip: Stay updated on gold market trends before making a purchase.

chip lee jewellery


4.Β Consider the Craftsmanship and Design

Beyond gold content, the craftsmanship plays a crucial role in jewellery's appeal and durability. Examine the finishing, symmetry, and detailing of each piece.

Tip: Opt for timeless designs if you're looking for long-term value. Collections like Chip Lee Jewellery's Mahjong Collection combine tradition with artistry.

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5. Check the Resale / Exchange Rate

Gold is more of an investment than a casual purchase. It is imperative to know how much your jewellery can fetch on a later day if you were to trade-in or sell them.Β 

Chip Lee Jewellery Trade-in

For more information regarding our trade-in policy, please visit or call any ofΒ our storesΒ for our friendly staff to assist you!

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6. Choose a Reputable Jeweller

A trustworthy jeweller guarantees quality, authenticity, and fair pricing. Chip Lee Jewellery, with decades of experience and SAO accreditation, ensures peace of mind with every purchase.

Tip: Read customer reviews and ask about return policies and warranties.


7. Proof of Purchase

Always verify and keep your invoice when purchasing gold jewellery. Ensure thatΒ key details like prevailing gold rate, weight of product, tax and the total amount paid are all finely printed in your invoice.Β 

It is best to keep your proof of purchase if youΒ intend to sell the same gold for a profit after a few years, you'll need to know the purchase price to figure outΒ how much you gained or lost for your purchase.Β 

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Conclusion

Investing in gold jewellery is more than just a purchaseβ€”it's a commitment to quality, style, and value. By understanding gold purity, hallmarks, pricing, and care, you'll be better equipped to choose pieces that resonate with your taste and stand the test of time. Visit Chip Lee Jewellery for timeless collections and expert advice on your gold jewellery journey.

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Visit any of our outlets for our friendly retail staff to assist you in your gold-buying journey.

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