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Ways to protect from frauds and get pure Gold in hand

Are you worried about how to get pure gold? And from whom to get it? Is the quality suits you? All these queries will be answered in this content. Saudi Arabia is renowned for its huge gold reserves.

It is the bigger jewellery manufacturer in the Middle East. Many visitors are willing for the 18k gold buy in Riyadh including those on a religious pilgrimage. 

Few reasons for buying gold in Saudi Arabia-

· The reason for gold necklace buy-in Jeddah is that the sales tax or VAT is only 5%. 

· The gold jewellery is of high quality, competition is high, and the labour inexpensive, it makes gold more affordable from other hubs.

· Pure gold is 24 karat, message that 24 out of 24 parts of the metallic are gold. As pure gold is soft and scratches easily, other metals like silver and copper are added for more lasting apply for making jewellery. So, 18k gold buy in Riyadh is 75% gold and 25% other metal.

Tips for Buying Gold in Saudi Arabia

· Check out from websites for daily rates and negotiate it 

· Get in cash for the best price not keen on fascinating the credit card fees

· If you know a local, outlet with a local - the merchants do not negotiate as much with foreigners

· As most of the merchant are local Saudis, Arabic is the main linguistic communication though they will know basic English

· Bargain bracelets and rings in 14k or 18k though it is more durable

Where to purchase Gold In Saudi Arabia?

Purchase gold jewellery in the souks. The cost is more inexpensive than in the malls. The Saudi souks, or markets, are not markets in the traditional sense. They are more like piece malls with a high concentration of related stores.

In Riyadh:

Deira gold souk also titled souq al-Thumairi, close to Al Masmak Fortress Batha gold souk

In Jeddah:

Al Dhahab Street (Gold Street) in Jeddah's uptown territory Al Balad.

How it is protective from frauds?

A video was posted on Twitter by an associate of the Precious Metals Committee informing the ways some gold manufacturers falsify the weight of gold and diamonds. It has pulled in attention in Saudi Arabia, increasing the question of the authenticity of gold in the Kingdom.

The defending point was given by Mohammed Azooz.  He says that many Saudi gold sellers lose power over the market, and that industry was being dominated by non-Saudis.

The World Gold Council earlier suspended its action in the Kingdom pursuing claims that some jewellery manufacturers blended glass with gold. 

Conclusion:

So one can easily buy gold from this country fearlessly. The tax levied is less and fraudulence is controlled.