Gold Jewelery making charges: If you are also planning to buy gold then this news is for you. Actually, today in our news we are going to tell you how the price of your gold jewelery is calculated before buying gold…. To know, stay with the news till the end.
Gold Jewelery making charges: Everyone likes gold jewellery. When you go to buy it, you have to pay the price of gold as well as the making charges of the jewellery. Besides, you also have to pay GST.
But have you wondered how the making charge is calculated? Yes, making charges play a major role in the final price of jewellery. Making charges on gold jewelery are decided according to different jewellery.
How is making charge decided?
Yogesh Singhal, chairman of Delhi-based The Bullion and Jewelers Association, says that making charges are taken according to the time taken to design the jewellery. Making charges ranging from 10 percent to 30 percent are charged on gold jewellery. He says that the retailer’s commission of about 10 percent is also included in the making charges. Overall, the more spectacular the design, the more making charges (making charges on gold jewellery) have to be paid, and the simpler the design, the less making charges have to be paid. .
Understand the calculation here-
For example, if a customer buys a gold jewelery ring (22 carat) weighing 5.492 grams at the rate of Rs 52,800 per 10 grams, then the final price of this gold ring is Rs 37633. But you might be surprised to know that in the price of this jewellery, the customer pays only Rs 7539.42 as making charge. Also, GST of Rs 1096.12 has to be paid on this ring.
According to the official website of Tanishq, if you buy a gold necklace (22 carat) weighing 45.060 grams on January 10 at the rate of Rs 54750 per 10 grams, then the total price you have to pay for it is Rs 347428. The thing to note is that in this you will pay only making charges of Rs 90046.78.
These factors are included in the price-
The price of any gold jewelery plays a role in its purity i.e. 24, 22 and 18 carat, making charges, studded jewelery and the price of gold on that day. 24 carat is considered the purest form. However, 24 carat is not considered as useful for making jewellery. Generally 18 carat and 22 carat are used in making jewellery. The greater the purity, the more expensive the jewellery.
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