Diwali gold exchange guide says check valuation before trading in old jewellery
In short
People exchanging old gold for new jewellery this Diwali are being told to check six things before they agree to the jeweller’s price. The guide says to look at purity, net weight, market rates, melting deductions, making charges and exchange terms.
What the reporting says
Old gold is being exchanged for new jewellery this Diwali, and the guide says buyers should check six factors before accepting a jeweller’s valuation. Those checks include gold purity, net weight, market rates, melting deductions, making charges and exchange terms. The advice is meant to help shoppers avoid losing money when trading in old ornaments for new pieces.
Why it matters
People exchanging old gold for new jewellery this Diwali are being advised to review six valuation checks before accepting a jeweller’s offer. The guide points to purity, net weight, market rates, melting deductions, making charges and exchange terms as the main factors. The warning is aimed at helping shoppers avoid paying more than expected or receiving less value in the exchange.