Old Gold Value Calculator
Estimate what your old jewellery is worth before you visit a shop: today's rate × net gold weight, minus the deduction jewellers typically apply. Knowing this number changes the negotiation.
Last updated: 11:20 am IST, 7 July 2026
Weight means net gold weight — stones and non-gold parts are removed before valuation. Deductions vary by shop; selling where you bought, with the original bill, usually gets the best terms.
Worked example at today's rate
Suppose you are selling a 20 gram 22K bangle set. At today's 22K rate of ₹13,185 per gram, the market value is ₹2,63,694. With a typical 3% deduction of ₹7,911, a fair shop should offer around ₹2,55,783. An offer far below that means the shop is applying an inflated deduction or a below-market buy rate — get a second quote.
How jewellers actually value old gold
The honest math is simple: purity × net weight × today's rate. Everything else is deduction mechanics. The shop first weighs the piece, removes or discounts anything that is not gold — stones, enamel, wax cores in hollow jewellery — then tests purity, ideally with an XRF machine in front of you. Old 22K jewellery often reads slightly below 916 because of solder joints, which is normal and should only marginally affect the price.
Where sellers lose money is accepting a quote based on a vague “old gold rate” that is several percent below the board rate, plus a melting charge, plus a purity haircut — deductions stacked three ways. Work from this calculator's number instead: market value minus a single transparent deduction of a few percent. Selling where you originally bought, with the bill, usually eliminates most of the deduction; exchanging against a new purchase usually beats a cash sale.
If you are exchanging rather than selling, run the numbers on both sides: this calculator for your old gold, and the jewellery price calculator for the new piece, so you can verify the exchange credit and the new bill independently.
Frequently asked questions
How much do jewellers deduct when buying old gold?
Reputable shops with XRF purity testing typically deduct 1–4% from the market value, or charge a small flat testing/melting fee. Some shops instead quote a lower buy-back rate per gram — which is the same deduction expressed differently. If stones are attached, their weight is excluded from the gold weight.
Do I need the original bill to sell old gold?
It helps significantly. With the original invoice, the same shop usually pays full board-rate value with minimal deduction. Without a bill, shops still buy after purity testing, but deductions are larger, and many will insist on ID (KYC) for larger amounts.
Is it better to exchange old gold for new jewellery or sell for cash?
Exchange at the same jeweller usually gets the best value — many shops give 100% of the metal value against new purchases. Cash sales attract higher deductions. Compare the exchange credit against a cash quote from a dedicated gold buyer before deciding.
How do jewellers test the purity of old gold?
Most established shops use XRF (X-ray fluorescence) machines that read purity in seconds without damage. Melt-and-assay testing is more accurate but destructive, used when jewellery will be melted anyway. Ask to see the XRF reading — good shops show it willingly.
Is there tax when I sell old gold?
Profit on gold you have held can be taxable as capital gains depending on holding period and amounts, and jewellers may collect PAN details for larger transactions. The rules depend on your situation — this calculator estimates the payout before any tax; consult a tax professional for your case.
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