How is gold rate calculator and how the showroom decides rate and sell us
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https://www.desidime.com/comments/permalink/10306657
Generally reputed gold shops display their price. What we need to arrive is the weight of gold ornment* that shops price+wastage charges+making charges +3% GST on overall price.
Dont forget to take bill + certificate of purity with ornment photo.
There is no rocket science.
Avoid taking ornments with stones etc.
https://www.desidime.com/comments/permalink/10307181
They follow a website name ibja
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In our country, the gold rate is the value of gold based on its weight, purity (is karats), and the current market price. To calculate the price, you multiply the weight of the gold by its purity fraction and then by the current gold price per gram. For example, for 22K gold, the calculation would be
Gold Value=Weight×(22/24)×Current price
Jewellers set their prices based on the live gold rates declared by jeweller associations which can vary by region. Plus they include making charges, which cover labor and design costs, along with applicable taxes like GST etc. So final price is a combination of the gold value, making charges and taxes.