Sell Silver Articles/Coins/Bars at market prices. We are Silver Buyers in Bangalore
Sell your old silver articles, jewellery, coins & bars and convert it to Cash* Get the best resale value at market prices
Registered Silver buyers Since 2007
! WARNING !
Trying to sell stolen or spurious articles is a criminal offense, Sellers must provide proper documentation to transact. We do not entertain minors under any circumstances. Persons between the age 18 to 23 years must have consent of their family members to transact. Verification will be done if necessary. DGold.in reserves the right to reject any transaction, Suspicious transactions will be reported to the appropriate authorities.
Professional Silver Buyers
SELL SILVER ARTICLES FOR CASH
NO EXCHANGE REQUIRED
Procedure to Sell Silver
Step – 1 : Weights & Estimation
Using our precise balances the weight of your silver articles & bullion are recorded, an initial estimate will be provided for your approval & further testing.
Step – 2 : Testing & Valuation
Silver articles will be abraded and a chemical will be applied on the article to determine the grade of silver. (Note: articles will dis-color at the tested area). The evaluator will grade the silver accordingly and provide a final valuation.
Step – 3 : Approval & Payments
On your approval & after verification of your documents, we shall initiate the payment by CASH* or IMPS/NEFT/RTGS for values instantly.
Eligibility to Sell Silver Articles & Bullion
Person must be above 23 years of age to transact. Persons between the age 18 & 23 years require parents consent to transact.
Valid Photo ID & Address proof issued by government any 2 documents please refer the documentation section below. Please get originals / No photo copies are required, Images on phone can be sent on whatsApp also
Person selling silver articles may get the purchase invoice if available for a faster verification process.
Person will be allowed to transact only if articles are self acquired or transacting on behalf of parents or spouse with their consent. Transacting on behalf of friends, colleagues or any third parties will not be allowed.
Payments are instant, However Income tax limits for cash payments may be applicable.
Through Immediate payment service funds will credit the beneficiary instantly (Upto 20 lakhs)
NEFT / RTGS
National electronic fund transfer may take upto 3hrs to credit the beneficiary / Real time gross settlement may take upto 1hr to credit the beneficiary. (Provided the beneficiary account details has to be submitted 24hrs prior to transaction. (Above 20 lakhs)
Cheque system is outdated but can be provided on request. Clearing time may differ from Bank to Bank.
What we buy & what we don't buy in silver
We buy all types of Silver Articles & Jewelry – Plates, Bowls, Jars, Idols, Containers, Baskets, cups, Rings, Pendants, Chains, Earrings, Necklace, Bangles, Armlets, Waist belts, Anklets*, Toe rings*.
Silver article starting from 30% purity to 100% purity is accepted. Tarnished silver / Oxidized Silver (Silver which has turned black) will also be purchased.
We buy Silver in the form of coins or bars Indian or International mint. Coins manufactured by local jewellers will also be purchased.
Silver coated / plated articles , jewellery or coins will not be accepted, German silver or white metals will not be accepted.
Locally melted silver in form of bars will not be accepted unless a police NOC is obtained.
Semi precious stones & beads studded in the jewellery will have zero value, however the silver content will be considered for valuation.
Silver Price & Calculation
Silver prices are very critical when it comes to valuation of silver. Silver prices in India are always high due its duty & taxes structure. Silver rates are International market driven mainly controlled by London Bullion market association (LBMA) & Newyork stock exchange (NYE).
Silver rates fluctuate 24X7 depending on Asain / Europe / Newyork markets & also local markets based on the demand & supply. In India we don't have a uniform rate system as it is a diversified market.
Online Gold rate - there are many websites online which display gold commodity prices, but none of them can be accurate as they are not involved in local trade. Market rates are the ones to be considered when selling your silver. The Market rates are a computation of World spot price + Duties & Taxes + Insurance + shipping + local demand & supply + dealer margins & a reference from MCX India contract rates.
At DGold we follow a very transparent rate system which is displayed on our home page www.dgold.in (*Buying prices may differ)
Calculation / Valuation
Valuation process differs from articles to bars & coins, so not all will be evaluated the same way. Silver articles will have a mixture of other alloy contents like zinc, lead, tin & other metals. These alloys are the key to manufacturing the article as it cannot be made in pure silver. Our Valuation process will determine the actual silver content in the articles. In the case of Bars & coins it is again imperative to determine the purity, if the silver is 999 purity then it means that there is no other alloys present in it.
Documents required (ANY 2)
Utility Bill (latest)
Landline invoice (Latest)
Company / Business ID Card
(No photocopies required / Originals or Images are fine with us)
Non resident Indians (NRI)
Utility bill of current residence
Visa issued by Indian Embassy
Details of current accommodation
Customs Gold Declaration if any
Frequently asked Q&A..
Q1. What are the benefits selling Silver to DGold vs other companies ?
At DGold you will experience a host of benefits such as Professional approach, Fair valuation, Accurate deduction of impurities & other elements, At par with market prices, Lowest service charges & overall the best prices for your treasured possesions.
Q2. How is Silver Valuation done and how long does it take?
Silver valuation is a complex procedure, there are scratch & acid tests involved, we evaluate your silver right in front of you which take roughly about 15-20 minutes.
Q3. Do you charge for Testing and Valuation?
Estimation is provided free of cost, but however if you only require a quotation and want to sell at a later point then valuation charge is Rs 200/test & Rs 250/test with a report. (The charges can be re-reimbursed if sold to DGold within 3 days)
Q4. How do you determine the value of a commodity?
Simple formula to determine the value of a commodity :
Weight of commodity (X) Purity Percentage (X) Buying rate = Value (-) service charges = Payout Value
Q5. Is there any value for the stone content in my jewellery ?
Stones such as american diamonds, zircons & Semi-precious stones like Ruby, Emeralds or sapphires do not have any resale value. However ornaments studded with natural diamonds & uncut diamonds will be considered if the stone quality is good.
Q6. Will my silver get damaged due to Testing?
YES your silver articles will get damaged (A scratch layer where the chemical is applied will turn black on that area) , however in rare cases if we feel further assessment is required then with your approval further tests may require cutting or melting the silver article / ornament.
Q7. How are the payment done, how long will it take to credit the funds ?
All payments will be made as per our company guidelines either by CASH* / IMPS / NEFT / RTGS. (*Subject to statutory guidelines) CASH – Instant | IMPS – Instant | NEFT & RTGS – may take up to 3hours.
Q8. I am not a resident of Bangalore can i sell silver, what are the documents required ?
YES you can by providing 1 Photo ID & 1 (local) Address & 1 (Native) Address proof – refer chart (Documents required to transact)
Q9. Can i buy back my silver articles once sold to DGold?
NO we will not be able to re-sell it as we will be melting it for purification immediately.
Q10. What are your service charges & how does it fare compared to other gold buyers?
Our Service charges are : Gold Jewellery 2% / Gold Bullion 2.5% / Gold Jewellery release from Banks & loan companies 3% / Silver Articles & Bullion 3% / Diamond Jewellery & Solitiares 3% (Please do not compare our fares & services with other gold buyers who charge from 0% to 3%, Other gold buyers may offer attractive rates but you will notice that their valuation will be the lowest. We follow a standard & a fair valuation procedure which will be beneficial to you always.)
Q11. Can I sell Gold / Silver belonging to my relative, neighbor, friend ?
NO you cannot, It is highly advisable that you dont take such a risk even if you are offered any kind of commission. You will be the primary convict in such fraudulent transactions and will attract harassment, fine & Jail term from the authorities. You can sell Gold / Silver / Diamonds which belong to you, your spouse or your parents with their consent.
Q12. Upto what quantities can be sold & can i sell my broken or tampered jewellery?
No quantity is too small or big for us, you can sell any quantity. YES we purchase broken silver & oxidized (Silver which has turned black) silver.
Q14. Do you share my mobile no. / documents for marketing purposes?
Occasionally we will send you our offers & services but we would not use it with other third parties for marketing. Your documents will be stored securely for future transactions at DGold. We are liable to produce your details & documents to Government authorities if they request.
Q15 How will you determine the stone, beads, enamel or wax content in the jewelry?
If your silver jewelry contains any of the above elements our valuators will compare it to our master stone set to determine the stone density, This method may have a tolerance of +/- 1 gms and does not involve any damage to the silver jewelry. In the case of wax filled jewelry we will heat the silver article to drain out the wax content in our in-house workshop.
Q13. Do you purchase German / white silver?
NO we don't purchase German / white silver. German silver is not real silver, only Sterling silver is considered for valuation.