Know the difference in gold content. As of April 28, 2026 , typical rates in India are approximately ₹14,089/g for 22K and ₹11,527/g for 18K .
Buying a gold chain from a pawn shop can be a smart move, often saving you compared to retail prices. However, it requires a "buyer beware" mindset and a bit of math to ensure you’re getting a genuine deal. 1. Do Your Pre-Visit Homework buy gold chain from pawn shop
Real gold is not magnetic. If the chain sticks to a strong magnet, it likely has a steel or nickel core. Know the difference in gold content
Use an app like Kitco or check live updates on Goodreturns to have real-time data on your phone. 2. Verify Authenticity On-Site Don't just trust the tag. Perform these checks: However, it requires a "buyer beware" mindset and
Use a jeweler's loupe or your phone's zoom to find stamps like "14K," "18K," or the BIS Hallmark (e.g., 916 for 22K). Be wary of marks like "GP" (Gold Plated) or "GF" (Gold Filled), which indicate the item is not solid gold.