Gold is a precious metal that has been used for thousands of years in jewellery, coins and other forms of currency. It is also used for making rings, necklaces, bracelets, earrings, pendants and other jewellery. The demand for gold jewellery continues to grow as people become more aware of its beauty and value.
The price of one gram gold jewellery is a lot more than just the cost of the gold itself. There are many factors that go into determining the price of any piece of gold jewellery, including:
- Gold purity is the ratio of pure gold to the rest of the metals in it. The higher the purity, the more valuable it will be.
- The size of the piece is important because different prices are expected for it. The bigger the piece, the more expensive it is.
- We offer a wide range of options for you to choose from, including simple band rings that cost around Rs. 7500, or diamond rings costing up to Rs. 35,000.
Things You Must Keep In Mind
When calculating the price of gold jewellery, there are several things that you must keep in mind. For example, if you buy a piece of pure gold jewellery at an affordable price, you may have to pay more for gemstones and diamonds; but if you buy second-hand gemstones for instance, you can get them at a much lower price than new ones.
The price of gold depends on its quality and location
Gold, most commonly used in jewellery, is valued for its beauty, durability and pure color. However, not all pieces made out of gold are equal. Some are made out of 24 karats of gold while others are made out of 14 karat gold.
The price of gold can vary for two reasons: The purity level and the weight. When you buy a gold jewellery item made out of 24 karat gold it will have a much higher price than if you were to buy the same item made out of 14 karats gold. This is because 24K gold is the purest form of gold, but it is too soft to be used for jewellery. The most common and purest form of gold that can use for jewellery is 22k. It is 91.6% pure gold, which means that only 8.4% of the gold is left behind, it is also called 916 gold.
Pricing of studded stone jewellery slightly differs
Studs are usually added to jewellery items to make them more valuable. However, the price of these studs can vary depending upon their size, shape, material and other factors. As a result, before purchasing any jewellery item ensure that the weight of your chosen stone has been subtracted from the information included on the jewellery packaging. As mentioned above the price of gemstones and diamonds must be separately calculated from the price of gold weight.
Buy only standardized jewellery
The Bureau of Indian Standards (BIS) is the “body of experts” which certifies gold and silver jewellery manufactured in India. The hallmarking process involves an emblazoned BIS emblem, along with the hallmarking number and other information required by law. This ensures that only high-quality gold & silver jewellery is certified for sale in India.
Muthoot Gold Point is one of the most trusted names in the Gold business and offer safe, transparent & scientifically tested ways of buying your Gold. Our 11 state of the art branches across India provide an unparalleled experience for you to sell your old Gold for instant cash. Our mobile van is equipped with ultrasonic and XRF machines that clean your gold for free and check its accurate weight & purity. Not just the process is transparent, rates at which we buy your Gold are as per the market rates.