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Beware! All that glitters is not a precious metal

DIWALI is round the corner. Obviously, one feels tempted to buy gold and silver during the festival of lights which has a religious significance. There are people who wait for months for Deewali as they prefer to buy the costly metals during this season alone for several reasons.

Published on: Oct 15, 2006 12:47 AM IST
None | By , Allahabad
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DIWALI is round the corner. Obviously, one feels tempted to buy gold and silver during the festival of lights which has a religious significance. There are people who wait for months for Deewali as they prefer to buy the costly metals during this season alone for several reasons.

HT Image
HT Image

But wait. Before going in for gold and silver be extra cautious else you might become victim of a double whammy. This is how it could be. There are tricksters waiting to take away your hard earned money by cheating you in various ways.

You may either get cheated in the weight of the article sold to you or it may not be genuine. So you have to be cautious on both the fronts. Hence the safe way to keep away from such tricksters is to choose a reputed shop only.

But there should be another hitch for all that glitters is not gold. Even reputed shops at times deceive. So it will be better to pick and choose the shop. To make things much easier it would be more better if the shop is selected with the help of a family friend who trusts the owner. Make sure that he or she accompanies you.

If an official of the weights and measure department is correct in his assessment the owners till that day had already duped gullible customers to the tune of several lakhs in just one year alone. So this is the kind of money some jewellers in the city are making by outrightly cheating the trust of their valued customers.

Of late there has been a mushrooming growth of jewellers in the city. The department which is supposed to keep an eye on them had been sleeping. This is evident from the single raid in such a shop by them which was made probably after several years. This means that there are several such players in this field who continue to cheat buyers of gold and silver with impunity.

A man selling fake silver coins with idols of Laxmi and Ganesh embossed on them was nabbed by the Kotwali police only on Friday. He was found carrying 22-Kg fake silver coins of a metal which sells for Rs 300 a kilogram in the market, said CO Rajesh Chaurasia. On the other hand silver was selling at around Rs 17,500 per kg.

So, one can imagine the kind of money people have been making by tricking the unsuspecting buyer. The man from Bijnor during interrogation revealed having sold such coins to some jewellers. But the jewellers in turn refused having purchased any such coin from the arrested man.

 
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