Gold Buyers Told to Take Proper Receipts

HYDERABAD: Cautioning that many buyers are being cheated by jewellery shops and are given gold or silver ornaments of lesser weight than what they pay for, the department of legal metrology ha

Published: 14th January 2012 03:23 AM  |   Last Updated: 16th May 2012 06:14 PM   |  A+A-

HYDERABAD: Cautioning that many buyers are being cheated by jewellery shops and are given gold or silver ornaments of lesser weight than what they pay for, the department of legal metrology has appealed to customers to take receipts without fail for the ornaments they purchase. The department advises people to have the ornaments weighed again at some other shop or the office of the legal metrology because most of the customers are ignorant of the weighing methods adopted by bullion shops. The merchants use one weighing machine while selling and another while buying. It is found that most of the gold traders are issuing receipts which are not numbered and also mentioning as estimation of the price.

The department directed bullion traders to issue receipts while selling or purchasing bullion items, mentioning the name of the product, unit price, net weight and sale price of gold.

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