The long season of weddings lasts from April to July. In such a situation, the movement of people buying gold and silver jewelery in the bullion markets has increased. Buying gold jewelry is not as easy as you think. Everything from gold and silver prices, jewelery design, purity of gold and charging should be taken care of. Today we tell you that the manufacturing fee is a substantial part of the total cost of the jewelry, as well as the large variation in these fees according to design.
This is a fund for jewelry making fees
When we reach out to buy gold jewelery in the bullion market, then there is also the Making charge and GST, apart from the gold price. As for the design of the jewelry, there is a making charge. Making the design the same. If the jewelry is fine and durable, it will be charged high. Branded jewelers have high fees. Making charge per gram and it ranges from 3 to 25 per cent. Waste fee in jewelery is 2-5 per cent.
Gold Price Review: Great opportunity to buy gold, cheaper up to Rs 1189
If you are going to buy jewelry, be sure not to take only jewelry that has a hallmark. It’s hard to find the right price for jewelry made by Hallmark when selling again. Explain that the price of jewelry made by Hallmark at the time of sale is determined at the current market price. So only buy Hallmark Certificate Jewelry.
Hallmark purity
375 37.5% Pure Gold
585 58.5% Pure Gold
750 75.0% Pure Gold
916 91.6% Pure Gold
990 99.0% Pure Gold
999 99.9% Pure Gold
Generally, jewelers sell 22 carat or 91.6% pure gold jewelry. 915 Hallmark mark engraved on 22 carat jewelry. Of the 18 carat jewelry, gold is about 75 percent pure.
If you buy jewelry, then take the bill
If you are buying gold or silver jewelry you should ask for a sure bill from the jeweler. In this bill, you will keep information about your gold purity and rate. If you have a bill, you can negotiate gold and silver when selling back. If there is no bill, the jewelry dealer can buy gold from you at an unreasonable price, which means you may suffer losses.
