Exchanging old gold for new jewellery this Diwali? 6 things to check before accepting your jeweller’s valuation
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Many households exchange old gold for new designs this Diwali to save money.
- ✓Before you trade, check the purity of your ornaments and ensure the jeweller tests them in front of you.
- ✓Always verify the net gold weight, as stones and other materials are often excluded from the final valuation.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Livemint
- Reading Speed
- 6 Minute(s)
- Market Focus
- India Economy
Diwali is one of the biggest occasions for buying gold jewellery in India. While many households prefer purchasing new ornaments during the festive season, exchanging old gold for new designs can be a convenient way to upgrade jewellery without paying the entire cost upfront.
However, exchanging old jewellery is not necessarily the same as getting its full market value. The amount a jeweller offers depends on several factors, including the purity of the gold, its net weight, deductions for stones and other materials, melting charges and the jeweller's exchange policy.
Even a small difference in the valuation can affect how much a buyer ultimately pays for the new jewellery. Before handing over old ornaments this Diwali, here are six things you should check to ensure you get a fair deal.
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