Should I Sell My Gold Now?

Making charges are non-refundable.When you bought jewellery, you paid making charges (typically 8-25% of the gold value) on top of the metal price. Jewellers generally don't refund these when buying back — you're paid for the gold content only.

Purity verification deducts value.Jewellers test purity before quoting a buyback price. If your jewellery isn't BIS hallmarked, expect a more conservative purity estimate and a bigger deduction. Always buy hallmarked jewellery to protect resale value.

Coins and bars resell better than jewellery.Investment-grade gold — especially certified coins and bars with original invoices — typically sees smaller deductions (often under 2%) since there's no making-charge loss and purity is pre-certified.

Compare multiple jewellers. Buyback rates can vary meaningfully between shops. Get quotes from at least 2-3 jewellers, and consider organised retail chains or your original point of purchase, which sometimes offer better buyback terms to retain customers.

Selling to a bank or via Gold Monetisation Scheme works differently — banks typically only accept gold deposited under formal schemes, not walk-in jewellery sales. For most individuals, registered jewellers remain the practical resale channel.