Which Jewelry has lower making charges?
Buying and investing in gold jewelry has been very popular all over the country since old times, and it is still the first choice of investors and even today most people in the country invest in gold and consider this investment as the best way. When you start investing in gold with the help of ETF i.e. Exchange-Traded Fund or SGB Scheme means Sovereign Gold Bond Scheme, you can invest in gold at the same rate by taking the help of these platforms. But if you want to invest in gold jewelry, then you will see that you will not get the same price of gold jewelry everywhere because the price of gold jewelry will be slightly different with every jeweler in every city of the country.
How Jewelers calculated Gold jewelry Price?
Price of all gold jewelry based on their purity and weight of gold
is determined by looking at
Price of gold jewelry = Value of gold x Weight of gold in jewelry in gram + making charge per gram + GST.
Note: By adding the rates of jewelry and making the charge, we get GST.
What are making charges and how does it come out?
Making a charge makes a huge difference in the price of gold jewelry and this making charge is incurred when you buy jewelry. A low making charge gives the jeweler buyer a lot of profit in buying and selling gold jewelry for a set time. We should always keep these making charges in mind when buying gold because making charges play a major role in your gold bill. Many jewelers in India charge a fixed rate of gold jewelry, while the rest of the jewelers are sure to see the weight of the jewelry and then decide on charges.