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How to calculate Gold Price Accurately

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Rupeek Fintech Pvt Ltd.
How to calculate Gold Price Accurately

Buying gold for Indian people is not only a passion but a status symbol as well. Festivals, functions like marriages are the propitious reasons to buy gold and it is considered as the best investment also. Gold prices may vary a little in different states but you will find huge difference in gold jewelry. The main reason of difference is making of jewelry and also there are no standard rules for the same.

If you buy gold from various shops in the same city, you will find billing also varies from jeweler to jeweler. Although the prices of gold are declared by a forum of jewelers every morning, it is difficult to find the right price of your gold in the same city. In such scenario, if you want to buy or sell your gold, you will find it difficult to measure the right price of your gold. Before selling or buying, learning how to calculate gold rate is must. The following points can help you in calculating the gold prices accurately:

1. Final Jewelry Price: Weight of gold is measured in grams or milligrams. 24 carat gold is the most expensive one but if you want to make jewelry out of it,other metals such as copper, have to be mixed in it. The price of the gold ornaments will depend on how much mixing is done and what carat you get after melting it. While buying gold ornaments, you also have to pay making charges which does not give you any resale value. GST in India is also charged both on gold and making charges. So that is how you have to calculate the real value of gold while buying.

2. Price of Studded Items: For further knowledge, you must know that certain other things also put an impact on the prices of gold. If you are buying jewelry studded with stones, the stone weight should not be counted in the total weight of the piece you are going to buy. The cost of stones is calculated differently.

3. Waste Charges: When gold ornaments are made, certain amount of gold is wasted which you have to pay. Along with making charges, goldsmith will charge you for the waste also. So before you buy gold jewelry, you must know all these factors. Being in Bengaluru can be advantageous as for more information about calculating gold prices, you can visit Rupeek Gold Loans Company who will give you accurate information on how to calculate the gold prices.

If you want to buy gold but lack funds, there is facility to borrow money while on the other hand, you can use your gold to get loan. In case of emergency, you must know how to get instant loan for your gold. Accurate measurement of the gold can help you get good amount of loan for your gold.

There are companies like Rupeek gold loans Company in Bengaluru who can help you get the best value for your gold by providing accurate measurement and complete gold safety assurance. Get in touch with the company to get the best rate for your gold.

Rupeek gold loan EMI calculator helps you find how much loan amount you get for your 1 Gram (22k) Gold. Check eligibility for Rupeek gold loan, calculate EMI & interest rates.

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