buy gold wisely

 buy gold wisely

Finance

It is also very important to have information about gold carat, making charges and tax etc. before buying gold. Some jewelers sell gold at old prices despite the rise in the price of gold. Some jewelers offer up to 20 percent discount on making charges. It is important for you to know how this happens

May king charge means the money that the jeweler takes from you in the name of making jewelry. The more effort it takes to design the jewelry, the higher the making charges. This charge can range from 2 percent to 14 percent. Making charges ranges from 2-4 percent on those jewelery which do not have any very fine design and which are made straight. There are 6-8 percent making charges on machine made jewelery and it is highest on hand made jewellery. On some special jewelry, this making charge is also up to 25 percent. The government has fixed the limit of making charges on jewelry. Most of the jewelers charge maximum making charges from the customers. If a jeweler is giving you a discount on the jewellery, then that discount is actually on the making charge. Fund of Wastage Charge In the olden days, gold was melted on fire and jewelry was also made by hand, in which a lot of gold was wasted.

However, now all the work of making jewelry is done, due to which the wastage of gold is less. Ornaments like chains, bangles, walis, which are worn daily, have less wastage. But still, jewelers take 3 percent to 35 percent wastage. When you go to sell jewellery, semi precious stones and imitation pearls in it are also counted in wastage. Some jewelers write the making and wastage charges in the bill in the name of BA water value addition. The cost of these jewelery is calculated in such a way that the cost of gold (wastage of gold) making charge weight. Buyback talk from machines when you go to buy and sell these jewelry

               Even so, it is important to take care of some things. Like kundan, small diamond and diamond potki jewelery has no resale value. While buying such jewelry back from you, the jeweler only gives you the value of the gold according to its weight, as it gets damaged while smelting the gold or removing the stone from it.

, While buying jewelry, you may have paid making and wastage charges, but the jeweler will also deduct the wastage money from it. This wastage is calculated by the weight of the defects added to the gold while making the jewelry. Many times, the jewelery that you buy considering 22 carats, while selling, it is found that it is actually of 18 or less carats, so get the purity of gold checked even while buying jewelry. If you are buying jewelery with stones or pearls, then apart from its total weight, also ask for the weight in the breakup like how much is the weight of gold, how much is the weight of the stone. The advantage of this will be that while selling the jewelry, you can estimate its value yourself according to the price and weight of gold. If the design is too simple, then ask to reduce the making charges.