Silver Buyers in Bangalore
Silver Selling process
DGold.in Silver Buyers – Sell your old & unwanted silver articles, utensils, jewelry, bars & coins and convert them to cash or exchange it to gold coins & bars. Instant valuation for silver based on the current market prices based on its purity.
Step 1 – Weights & Estimation
Using our precise balances the weight of your silver articles & bullion are recorded, an initial estimate will be provided for your articles & bullion.
Step 2 – Testing & Valuation
An acid / scrape test will be conducted to verify the grade of silver, Based on the test reaction the evaluator will sort the articles based on the grade of silver and provide a final valuation report.
Step 3 – Approval & Payments
On your approval & after verification of your documents, we shall initiate the payment by CASH* or Bank transfer instantly. You may also opt for exchange to gold coins & bars. For high value transactions address verification will be mandatory which may take up to 30 minute.
We buy all types of Silver Articles & Jewelry – Plates, Bowls, Jars, Idols, Containers, Baskets, cups, Rings, Pendants, Chains, Earrings, Necklace, Bangles, Armlets, Waist belts, Anklets*, Toe rings*.
Silver article starting from 30% purity to 100% purity is accepted. Tarnished silver / Oxidized Silver (Silver which has turned black) will also be purchased.
We buy Silver in the form of coins or bars Indian or International mint. Coins manufactured by local jewellers will also be purchased.
Silver coated / plated articles , jewellery or coins will not be accepted, German silver or white metals will not be accepted.
Locally melted silver in form of bars will not be accepted unless a police NOC is obtained.
Semi precious stones & beads studded in the jewellery will have zero value, however the silver content will be considered for valuation.
Eligibility to Transact
- Person must be above 23years of age to transact.
- He/She shall bring along any family member / spouse if aged between 18 to 23 years or if valuation exceeds 1 lakhs.
- Person will not be allowed to transact on behalf of friend or colleague.
- Person can transact 2 times in a span of 60 days & after that home verification will be mandatory to transact further.
- 1ID & 1Address proof is mandatory to transact. (Original / Digital version accepted)
- Preferred docs - PAN, Aadhar, Passport, DL,Voters ID, Bank statement,Tenancy agreement or Utility bills not dated more than 2 months.
- Bank A/c details required for all digital transfers.
- Purchased Invoice copy must be provided if available.
- Spouse / Family members ID & Address proof for transactions above 1 lakhs.
DGold Purchase conditions
- Articles purchased by DGold.in will not be returned under any circumstances.
- Valuation provided & accepted by the customer will be final, No claims will be entertained later.
- Jewellery will be purchased "as is" condition, however in rare cases the evaluator may decide to alter or melt it upon customer acceptance.
- All data collected will be shared with local authorities for crime monitoring.
- DGold.in reserves the right to decline any person / transaction which it may deem fit, No explanation shall be provided.
Trying to sell stolen or spurious articles is a criminal offense, Sellers must provide proper documentation to transact. We do not entertain minors under any circumstances. Persons between the age 18 to 23 years must have consent of their family members to transact. Verification will be done if necessary. DGold.in reserves the right to reject any transaction, Suspicious transactions will be reported to the local authorities.
Gold & Silver Precious Commodity selling prices in Bangalore as on 17/05/22 @ 10:30hrs
Gold 24kt 999 Rs/Gm
Gold 22kt 916 Rs/Gm
Silver local 99 Rs/Kg
* Our selling price is inclusive GST, Gold is subject to availability, We sell only against booking please call 09880077297 / 08029700966 to confirm. TCS applicable on larger qty's
Get spot Gold & Silver Rates on phone Send msg "OPT" on whatsApp no. 09880077297
Q1. What are the benefits selling Silver to DGold vs other companies ?
At DGold you will experience a host of benefits such as Professional approach, Fair valuation, Accurate deduction of impurities & other elements, At par with market prices, Lowest service charges & overall the best prices for your treasured possesions.
Q2. How is Silver Valuation done and how long does it take?
Silver valuation is a complex procedure, there are scratch & acid tests involved, we evaluate your silver right in front of you which take roughly about 15-20 minutes.
Q3. Do you charge for Testing and Valuation?
Estimation is provided free of cost, but however if you only require a quotation and want to sell at a later point then valuation charge is Rs 200/test & Rs 250/test with a report. (The charges can be re-reimbursed if sold to DGold within 3 days)
Q4. How do you determine the value of a commodity?
Simple formula to determine the value of a commodity :
Weight of commodity (X) Purity Percentage (X) Buying rate = Value (-) service charges = Payout Value
Q5. Is there any value for the stone content in my jewellery ?
Stones such as american diamonds, zircons & Semi-precious stones like Ruby, Emeralds or sapphires do not have any resale value. However ornaments studded with natural diamonds & uncut diamonds will be considered if the stone quality is good.
Q6. Will my silver get damaged due to Testing?
YES your silver articles will get slightly discoloured (A scratch layer where the chemical is applied will turn black on that area) , however in rare cases if we feel further assessment is required then with your approval further tests may require cutting or melting the silver article / ornament.
Q7. How are the payment done, how long will it take to credit the funds ?
All payments will be made as per our company guidelines either by CASH* / IMPS / NEFT / RTGS. (*Subject to statutory guidelines) CASH – Instant | IMPS – Instant | NEFT & RTGS – may take up to 3hours.
Q8. I am not a resident of Bangalore can i sell silver, what are the documents required ?
YES you can by providing 1 Photo ID & 1 (local) Address & 1 (Native) Address proof – refer (Documents required to transact)
Q9. Can i buy back my silver articles once sold to DGold?
NO we will not be able to re-sell it as we will be melting it for purification immediately.
Q10. What are your service charges & how does it fare compared to other gold buyers?
Our Service charges are : Gold Jewellery 2% / Gold Bullion 2.5% / Gold Jewellery release from Banks & loan companies 3% / Silver Articles & Bullion 3% / Diamond Jewellery & Solitiares 3% (Please do not compare our fares & services with other gold buyers who charge from 0% to 3%, Other gold buyers may offer attractive rates but you will notice that their valuation will be the lowest. We follow a standard & a fair valuation procedure which will be beneficial to you always.)
Q11. Can I sell Gold / Silver belonging to my relative, neighbor, friend ?
NO you cannot, It is highly advisable that you dont take such a risk even if you are offered any kind of commission. You will be the primary convict in such fraudulent transactions and will attract harassment, fine & Jail term from the authorities. You can sell Gold / Silver / Diamonds which belong to you, your spouse or your parents with their consent.
Q12. Upto what quantities can be sold & can i sell my broken or tampered jewellery?
No quantity is too small or big for us, you can sell any quantity. YES we purchase broken gold jewellery if you provide a proper explanation for the same.
Q13. Do you purchase German silver & Sterling silver?
NO we don't purchase German as (German silver is not real silver),YES Sterling silver is considered for valuation.
Q14. Do you share my mobile no. / documents for marketing purposes?
Occasionally we will send you our offers & services but we would not use it with other third parties for marketing. Your documents will be stored securely for future transactions at DGold. We are liable to produce your details & documents to Government authorities if they request.
Q15 How will you determine the stone, beads, enamel or wax content in the jewelry?
If your jewelry contains any of the above elements our valuators will compare it to our master stone set to determine the stone density, This method may have a tolerance of +/- 0.5gms and does not involve any damage to the gold jewelry. In the case of wax filled jewelry we will heat the gold to drain out the wax content in our in-house workshop.