ere is the best way how you should exchange / sell your old Gold Jewellery.
(1)First most important thing is to know the Karat percentage of Gold in your old Gold Jewellery. To know the purity, you can get it checked at any authorised Gold Testing Labs Or any branded showrooms like Tanishq or Kalyan Jewellers also have the karatometers installed in their showrooms, you can request them to check the Gold content in your Jewellery.
Please Note, that the percentage of Gold shown in the Karatometers are not always exact, as, they can test only the skin (upper layer) of the Jewellery.
The best and most accurate purity of old Gold Jewellery can only accertained by completely melting it and then checking it’s Gold Content.
Caution: (I) ALWAYS GET YOUR GOLD MELTED IN FRONT OF YOUR EYES AND DON’T RELY ON ANYBODY TO GET IT DONE BEHIND YOU.
Caution: (2) ALWAYS WEIGHT YOUR JEWELLERY BEFORE AND AFTER MELTING IT.
Caution: (3) ALWAYS GET DONE THE SKIN TESTING OF THE JEWELLERY, BEFORE MELTING IT.
(2) Now you know the exact percentage of Gold in your old Jewellery. So, calculate the 24 Kara Gold present in it it as per the Gold content percentage.
For example: If your old Gold Jewellery weight 20 GM’s and the Gold content percentage in it is 90%.
Then, the 24 Karat Gold in it = 20 x 90% = 18 GMs Fine Gold.
(3) Now, you can convert this Pure Gold into Cash Value as per the prevailing 24Karat Gold Price.
Example: In this example, if the 24 Karat Gold Rate is 4900 Per Gm, then the total Cash Valuation if our old Gold Jewellery will be: 18 gm x 4900 = 88,200/-
(4) BUY THE NEW JEWELLERY: Now, you select the New Jewellery as per your choice.
Assuming that the new Jewellery is of 22 Karat Gold, It’s cost should be calculated as per it’s weight x prevailing 22 Karat Gold Price, Add Labor Charges, Add Any other stones etc, Add GST.
Caution: ALWAYS BUY HALLMARKED GOLD JEWELLERY ONLY.
(5) Now, you have the cash value of your old Gold Jewellery and the New Jewellery to be bought. Simply, do the adjustment of the cash value and enjoy your New Jewellery. 🙂
NOTE: THIS METHOD IS A SIMPLER WAY TO GET YOUR OLD GOLD JEWELLERY WITH A NEW ONE. ALTERNATIVELY, YOU CAN ALSO EXCHANGE YOUR OLD GOLD WITH THE NEW ONE, BUT THAT IS A COMPLEX METHOD FOR END CUSTOMERS AND JEWELLERS DO CONFUSE THEM IN CALCULATIONS, WHEREIN THE CUSTOMERS END UP IN LOSS, SO I SUGGEST NOT TO USE THAT METHOD.
I hope you understand the procedure,for more info: