Find answers to the most common questions about selling your gold, releasing pledged gold, and our transparent processes.
At Neehan Gold Buyers, the entire process—from advanced purity checking to final payment—typically takes less than 30 minutes. We ensure you get instant cash or an immediate bank transfer without any delays.
Traditional jewelers often apply high deductions (wastage, melting charges) when buying back gold. We use transparent, non-destructive XRF testing and offer the highest value based entirely on live international market rates.
1. Visit our branch with your gold and a valid ID.
2. Testing happens right in front of you.
3. Purity analysis using German X-Ray machines.
4. Final quotation based on live market rates.
5. Instant payment disbursal.
To sell gold in Bangalore legally, you must provide a valid government-issued photographic ID such as an Aadhaar card, PAN card, driving license, or passport. This helps us ensure secure KYC protocols and prevents fraudulent transactions.
No, there is no strict minimum weight requirement. We buy gold from small items like lightweight rings or single earrings all the way up to heavy bridal necklaces and commercial gold bars. Every piece is valued purely based on its weight and karat.
Yes, you can sell your gold even if you do not have the original purchase receipt. As long as you provide valid KYC documents and establish your identity, we can legally purchase inherited or old gold.
We accept gold studded with stones or diamonds. However, please note that we evaluate and pay only for the net gold weight. The weight of stones, enamel, or dust is deducted from the gross weight to reflect a fair and accurate valuation.
Yes, you may sell gold on behalf of an immediate family member provided you have authorization, their ID proofs, and your own KYC credentials to guarantee the transparency and security of the transaction.
Selling gold in India falls under Capital Gains tax. Depending on how long you have held the gold (short-term vs long-term), different tax slabs apply. We recommend consulting your CA or tax professional for detailed financial advice.
If you lack the funds to close your gold loan, we step in. We accompany you to the bank, pay the settlement amount, release the gold, evaluate it, and then pay you the remaining balance instantly.
Releasing pledged gold at banks like SBI or NBFCs like Muthoot Finance is simple with our assistance. You supply us the pledge documents, and we visit the branch with you to settle the principal and interest. The released items are then valued, and you keep the profit.
We determine the value through a strict mathematical process: exact purity achieved through XRF machines multiplied by the real-time live market gold rate.
The gold rate at Neehan Gold Buyers is calculated by dynamically checking the live international spot price of 24K gold. We multiply the net weight of your gold by its karat percentage, ensuring you get the absolute maximum payout.
XRF (X-Ray Fluorescence) testing is a non-destructive, scientifically accurate method used to detect the elementary composition of metals. The machine scans your jewelry and instantly details the exact gold, copper, and silver percentages without scraping or melting your valuables.
24K gold is 99.9% pure, representing the highest possible value. 22K gold is 91.6% pure, meaning it is mixed with other metals for durability. The payout for 22K gold is calculated proportionally at 91.6% of the 24K market rate.
