Gold Jewellery Price

The word survives from handmade days when goldsmiths lost filings. Machine-made jewellery loses close to zero gold — wastage is simply the making charge priced as a percentage of gold value, which means it rises automatically every time the gold rate rises. A per-gram flat making charge is usually the better structure for heavy pieces; ask for the quote both ways.

Stones must be deducted from the weight before the gold line, then added as a separate charge. If the bill charges gross weight at the gold rate and adds stone charges, you bought cubic zirconia at 22K prices. Check the net-weight line on the estimate — it's the single most profitable “mistake” in the trade.

Festival discounts apply to making charges only. In the worked example, 25% off VA saves ₹5,050 on a ₹1.93 lakh bill — a real discount of 2.6%. The calculator's “real discount” stat does this conversion for every offer you're quoted.

Your 20-year-old “22K” chain will test at 20–21K more often than not (older pieces ran impure, solder joints drag it down). Value = weight × tested purity × rate, minus a melting deduction of 0–3%. Hallmarked pieces and same-brand exchanges get the best terms — many chains waive the deduction entirely for their own buy-back. Get the XRF printout; if the number feels wrong, test at a second shop. And GST is still charged on the full new item — the exchange credit reduces payment, not the taxable value. Watch the “extra 5% on exchange” offers too: they're often funded by applying a lower base rate to your old gold first — compare the final credit per gram, not the banner.

The board rate updates through the day and differs between chains in the same street by ₹50–150/g. On advance bookings, insist on written rate protection — most chains freeze the rate at 10–25% advance; some freeze only upward, which is worth reading twice.