Exchanging Old Gold: How Gold Exchange Value is Decided

Most families in Rourkela have old gold sitting in a locker — dated designs, broken chains, single earrings. Exchanging it for a new piece is one of the smartest ways to buy, but it pays to understand how the valuation works before you walk in.

How old-gold exchange works

The jeweller assesses your old gold and gives you its metal value, which is adjusted against your new purchase. Two things decide what you get:

• Purity — old gold is tested (by karat meter or assay). A 22K piece is valued higher per gram than a 18K one.
• Net weight— stones, enamel and solder are excluded; you're paid for the actual gold content.

Value = net gold weight × the day's rate for that purity. Check the current gold rate in Rourkela so you know the ballpark before you go.

What you don't get back

You're paid for the metal, not the making charges you originally paid, and not for stones. That's normal across the industry — see how making charges work for why.

Tips before you exchange

• Ask to see the purity test and the weight on the scale — a fair jeweller does this in front of you.
• Get the valuation in writingand see how it's adjusted on the new piece's invoice.
• Old hallmarked pieces are quicker to value; keep any old bills if you have them.
• Use the saved metal value toward a new design — or a savings scheme if you're buying for a later occasion.