Buying, Selling & Borrowing
Selling or Exchanging Old Gold
How jewellers value old gold and how to get the best price.
Rates as on 29 September 2026 · Updated 29 September 2026
Today’s 22K / 24K (Delhi)
₹13,689 / ₹14,933
per gram, excl. GSTOverview
When you sell or exchange old jewellery, it is valued on net gold weight and tested purity — making charges and stones are not paid for. Hallmarked jewellery is valued at its hallmarked purity; non-hallmarked items are tested with an XRF (karat meter).
| Particular | Details |
|---|---|
| Valuation | Net weight × tested purity × buy rate |
| Typical deduction | 0%–10% depending on jeweller & hallmark |
| Testing | XRF karat meter |
| Tax | Capital gains on profit |
Tips
- Get a purity test report before agreeing
- Compare buy-back rates across jewellers
- Exchange at the original jeweller for better terms
- Keep the original invoice for capital-gains cost
Frequently asked questions
Is exchange better than selling?
Exchange often gets lower deduction, but you are tied to that jeweller’s new jewellery price and making charges.
Gold rates are indicative market references (29 September 2026) and change during the day. Rules on tax, hallmarking and investment products can change — verify with official sources. FinancePortal does not sell gold.