Gold Making Charges: In India, people have great interest in gold. Gold is considered a status symbol in India. That means, the more gold one has, the greater is the person. People like to wear a lot of gold jewelery even during festivals. Women wear a lot of gold during weddings. When a wedding takes place in India, the bride is also laden with gold. But when you go to buy gold. Or go to sell. So do you know that there is a making charge while buying and selling gold? If you don’t know then you may get cheated. Let us know the complete news.
What is the making charge of gold?
Before making jewellery, gold is melted. Then different types of jewelery are made from it. Ring, necklace or any other shaped jewelery is made. That means the expense involved in making any jewelery made from gold. It is called making charge.
That is, if a jeweler makes any jewelery from gold, then the artisan’s fee is paid to that maker. Please note that this fee is charged only for jewellery. If you buy gold or gold coins, this charge is levied on it.
How much is the making charge to be paid?
Whenever someone buys jewellery. Making charge has to be paid on its purchase. The making charge is decided on the type of jewelery made and its design. If any jewelery has been worked in detail. So its making charges have to be paid more. Generally, the making charge of any jewelery ranges from 5 to 10 percent of its price.
For example, if you have bought gold jewelery worth Rs 1 lakh. If 10 percent making charge is levied on it, then instead of Rs 1 lakh you will have to pay Rs 1 lakh 10 thousand. But if you go to sell this jewelery again, then your making charge will be deducted.
