A checklist for your first gold purchase

Your first gold purchase can feel confusing, but a little preparation before you walk into a shop makes the decision calmer and clearer.

Decide your goal first

Ask yourself whether you are buying for everyday wear, for a special occasion or for saving, because the goal decides which kind of piece suits you.

Jewelry usually carries higher workmanship, while bars and coins usually carry less, and this affects how much comes back to you when you sell.

If the piece is for daily wear, pick a sturdy, simple design that withstands rubbing, rather than a delicate piece that may need repair before long.

Set a clear budget

Choose a maximum amount and stick to it, leaving a small margin for tax or fees if they apply.

It is better to think about the weight you can afford rather than only the look of the piece, so that falling for a particular design does not push you over your budget.

Write the budget on your phone before you go out, and look at it whenever the seller shows you a piece slightly more expensive than you planned.

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Learn which karat suits you

21K is common in Egypt and contains 87.5% gold, 18K contains 75% gold and is stronger for delicate designs, while 24K is 99.9% pure and is mostly used for bars.

Knowing the gold content of each karat helps you understand why two pieces that look alike can have different prices.

Do not hesitate to ask the seller about the karat directly, as a good seller answers clearly and shows you the hallmark without being asked twice.

Prepare before you go

Check the price per gram on the day of purchase from a reliable source, and choose a well known shop or one recommended by someone you trust.

Take your time and do not buy from the first shop you enter, ask to see the weight on the scale in front of you, and do not leave without a detailed invoice.

It also helps to bring someone experienced in buying gold, especially the first time, to notice what you might miss.