What is melted gold?
Melted gold refers to gold that has been dissolved in a liquid form. Typically, gold is used in solid form as coins or jewelry. However, in some cases, gold is dissolved into a liquid and used as a solution. This process is known as “melted gold” or “gold in water.”
Should we buy melted gold or coins
It should be noted that selling gold will always generate profit for the seller. Since melted gold or broken gold does not have manufacturing fees, it is cheaper to buy compared to new gold. Another important point to consider is the 9% value-added tax, which you need to pay when buying second-hand gold. However, when purchasing melted gold, you only pay the seller’s profit and there is no need to pay extra for taxes. On the other hand, coins often have a market premium, which affects their price when selling. Additionally, the year of minting, whether the coin is from a bank or non-bank, significantly impacts its price. Therefore, if you are planning to invest in gold, buying melted gold is the most logical option, as it incurs less loss when sold.
Purity of Melted Gold
All transactions of melted gold in the market are based on 18-carat gold (750 purity). The gold bars are sent to a laboratory for assaying after they are cut, and the purity is measured. The bars are then classified by their various purities, ranging from 999 to usually around 735. Note that if the purity of the gold bar is lower or higher than 750, it is adjusted by the seller, and the buyer receives the equivalent of 750 purity gold. For example, if you purchase 100 grams of 750 gold, and the seller has a bar with 745 purity, they must calculate and deliver the equivalent amount, which would be 100 grams and 671 milligrams of 745 purity gold. In other words, the weight equivalent of 100 grams of 750 gold at 745 purity is 100 grams and 671 milligrams.
Free consultation and purchase of melted gold from Zarine Jewelry:
To buy gold in Mashhad, you can make purchases both in person and online through the Zarine Gold website.
Store Address:
Mashhad, Ahmadabad, beginning of Reza Boulevard, before Reza 1, No. 20
Phone: 05138412435 – 09151003755
Company Address:
Ahmadabad, Constantinople Market, 3rd floor, Unit 204
Phone: 05138410049
Advantages and Disadvantages of Buying Melted Gold
Advantages
- Ease of buying and selling
- Quick liquidity
- Preserves money value in the long term
- Gold can be stored with minimal cost
- No tax or workmanship fees
- High security of gold holdings
- Easy transport of melted gold
- Free storage of holdings with the gold market site
Disadvantages
- Risk of counterfeit gold if purchased from unreliable sellers
- Risk of using a genuine stamp on fake bars when bought from unreliable sellers
- Possibility of other metals with high amounts being present in the gold bars if purchased from unreliable sellers
Where can we buy melted gold?
For purchasing melted gold, always refer to authorized stores and make sure to obtain an official invoice from the seller.
Melted gold should have a license and a traceable invoice.
Zarrin Jewelry Store, with over 40 years of experience in gold and jewelry, is at your service. For purchasing melted gold in Mashhad and buying certified melted gold, you can visit us.
Contact Us:
Store Address: Mashhad, Ahmadabad, beginning of Reza Boulevard, before Reza 1, No. 20
Phone: 05138412435 – 09151003755
Company Address: Ahmadabad, Constantinople Market, 3rd floor, Unit 204
Phone: 05138410049
The difference between melted gold and crafted gold
The difference between “melted gold” and “crafted gold” refers to two distinct concepts.
Melted Gold:
It typically refers to gold that has been melted down and is often used in its pure form. This process might involve melting gold through high heat to liquefy it, and it is commonly used for refining purposes or in the manufacturing of gold bars or ingots. Melted gold is often seen as raw material for industrial or investment purposes.
Crafted Gold:
This term refers to gold that has been shaped or formed into specific designs or jewelry through manufacturing processes. Crafted gold has been worked into rings, necklaces, bracelets, or other decorative items. It is gold that has undergone more refinement and artistry compared to just melted gold. Crafted gold may also involve the addition of other metals to create alloys or to improve its durability for use in jewelry.
Each type has different uses, and understanding the specific nature of each can help when buying gold for investment or personal use.
Is it easier to sell melted gold or coins?
Supply and Demand:
If the demand for melted gold is high, selling this type of gold might be easier. Coins, however, are recognized as a conventional and trusted form of investment in the gold market and may consistently have high demand.
Intended Use:
If someone is looking for gold for industrial or laboratory purposes, melted gold may be the better option. For investment or preserving gold’s value over the long term, coins are usually considered a more attractive option.
Market Conditions:
At certain times and market conditions, one type of gold may perform better than another. Sometimes, selling melted gold might be preferable due to specific needs in particular industries.
Local Regulations:
Local laws and regulations may affect the sale of gold. Some regions may impose restrictions on buying or selling certain types of gold.
Gold Standards:
Certain uses of gold may require specific standards. In some cases, selling melted gold might be easier based on specific standards.
Before making any purchases, it’s best to consult with gold traders, financial experts, or investment advisors to choose the best option based on your needs and goals.
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