Keep these things in mind before exchanging old gold jewelery to avoid damage

Gold Exchange: Women have a strong attraction towards gold. Also, most women in India prefer to buy and wear gold jewellery. Apart from this, gold is also a good option for safe investment. The price of gold fluctuates from time to time. In which the price has increased by 90 percent in the last five years. The price of 10 grams of gold in July 2018 was Rs. 30,850 while by July 2023 the price will increase to Rs. 59,610 had become. Also, currently in December 2023, the price of 24 carat gold is Rs. 62,000 has been crossed. So many times people are unable to get the right price of old gold jewelery due to lack of information. So let's know complete information about this today.

What is Carat?

The purity of gold can be estimated from karat. Hence, whenever we go to buy gold, the price of jewelery is determined by its purity. There are five types of carat. In which.....

- 24 carat gold is considered the purest gold. Since it contains 99.99 percent gold, it is also known as 999 gold

- Another type is 22 carat gold, which contains 91.6 percent gold and the rest is other metals.

- Next comes 18 carat gold which has 75 percent gold content

- While 14 carat gold contains 58.3 percent gold

- And 10 carat gold contains 41.7 percent gold

Jewelery not made of 24k gold

No gold jewelery is marked 24k as it is 100% pure gold and any jewelery requires an alloy of other metals. Metals like copper, silver and platinum have to be mixed to make jewellery. Only then can a jewelery be made. Mostly 22k or 18k gold is used to make jewelry. However 24k gold is considered best as an investment.

How is the value of old jewelery determined?

Jewelery designs and trends change with time so people prefer new jewelery and designs. If you want to replace your old jewelry then it is very important for you to keep some important things in mind. The first thing to keep in mind is that jewelery exchange should be done only with a trusted jeweller. So that you are not cheated. The jewelery should then be cleaned and the artificial stone removed from it. So only gold price can be calculated. It is then placed in an XRF machine to determine the purity of the gold and then the jewelery is melted. When it melts it may lose some weight due to dirt or any damage. Then its price is determined.

After melting the old jewelry, its purity is once again checked by XRF machine. After taking three readings, the molten gold is weighed once more. The final price is determined based on this new purity and weight. If you are satisfied with this price, the price of this old jewelery is adjusted to the price of new gold jewellery.

Is it necessary to melt old jewelery while exchanging it?

If you take your old jewelery to the same shop where you first bought it, there is no need to melt it. All information is available from the bill of that jewelery shop. Although some jewelers

Exchange your old jewelery without melting it by deducting 25-30 percent wastage charge. Apart from this, hallmarked jewelery does not need to be melted down. Because its purity is certified by BIS i.e. Bureau of Indian Standards (BIS).