Start Gold Business in 2023:- Today we will know how to do gold business and how to open a gold shop, as well as know what things have to be taken care of for gold traders and shopkeepers.
Which licenses are most important for which shop? Along with this, we will know how to start a gold business.
How to check the purity of gold? Why is his investigation so important? Read this post to know about all these in detail.
How to do Gold Business?
You can start a gold business in 90,000 to 1,80,000 rupees. Where you can open a retail jewelry shop. You can sell gold jewelry online and become an importer & exporter of gold. You can also trade in gold. You can rent a shop for 12,000 to 14,000 rupees a month. You can also open your own gold shop with a shop license.
If you want to become an importer and exporter of raw gold, then you have to invest crores of rupees in it. With this, you have to take gold from the gold mine and process it in the refinery.
After which you can sell that gold to the gold and silver trader of any country.
Apart from this, you can work as a gold jewelry maker. Where you can make jewelry of customers’ favorite designs and sell it to customers.
For you need an employee who makes gold jewelry. You can hire someone and make gold jewelry from it.
Apart from this, if you want to trade in gold, then you can read the post about how to trade gold in our commodity market. Which you will get information about gold trading, then you can also earn money by trading on gold.
How to Open a Gold Shop?
To do a gold business, you first have to rent a shop from 210sqft to 250sqft and then design a little interior in it. After which you have to get a Shop License (Gumasta License) which you can get from the Municipal Corporation and Municipality.
After this, you have to open a current account in the name of Gold Shop. So that you can accept customers’ online payments in it. And can also transact money. After this, you have to register your gold shop in MSME.
So that you can get an MSME certificate. With the help of MSME registration, you can take the facility of a government scheme, bank loan MSME loan, etc. You can also take a business loan to start and grow a business.
If you earn 20 lakh rupees annually in the gold business, then you will also have to pay GST. For which you will also have to get a GST number.
After all these registrations and licenses, you can do gold business without any hassle.
Start Gold Business Ideas
You can also do gold business online on social media. Where you can create your Page on Facebook and set up Gold’s Facebook Store. Where you can also order online jewelry on Facebook by putting a photo of your gold jewelry with the price.
Also, you can share reels with people by putting photos and videos of gold jewelry on Instagram. From where people will come to buy you after seeing the design of your jewelry.
You can also create your profile and page on Twitter and LinkedIn. Everyone can promote their gold jewelry shop by connecting with people on social media.
How to check the Purity of Gold?
According to BSI’s website, to ensure the purity of gold, we know its purity from the hallmark on any jewelry. For this, we have to take special care of these four things along with the hallmark while taking jewelry:
Any jewelry that is being described as hallmarked by BSI, if it is really hallmarked by BSI, then you will definitely get to see the BSI logo in it.
The purity of any jewelry or precious metal is seen in two ways: carat (KT) and fineness number. If any precious metal is pure, then you can not decorate it, so with its fineness, we decide how that ornament is.
- Identification marks/numbers of the assay and hallmarking center;
- Jeweler’s Identity Mark/Number
Gold Detector Machine Price
As we know, a good trader must have all kinds of checking equipment to check his goods. In the same way, before starting this business, you do a good check and check and transact your goods. So people’s trust in you increases more quickly and they try for a long time to buy goods from you.
If you want to check and sell the purity of gold yourself, then you can buy the Gold Testing Machine available in the market. If you want to get information about gold testing machine online right now, then you have given below.
By clicking on the button, you can get information about its information and what is its current rate in the market. This machine is more beneficial for those who are interested in the business and import/export of raw gold. I want to see export.
Hope you liked our post how to do gold business and how to open a gold shop.
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