Checklist
- Photo ID — Aadhaar, voter ID, passport or driving licence
- PAN card
- Purchase bill — helpful, not compulsory for old jewellery
- Loan papers — only if the gold is pledged
Cash or Bank Transfer?
Income-tax rules don’t allow anyone to receive ₹2 lakh or more in cash in a single transaction, so larger amounts are paid by bank transfer (IMPS/NEFT/RTGS). Bank transfer is also safer and gives you a clear record.