Sell Old Gold in Chennai: Cash or Exchange – Which Is More Profitable?
Gold is not just an ornament but a family’s financial security. When planning to sell old gold or exchange it for new jewellery, many people are confused about which option is more profitable. Here’s a simple guide to help you decide.
Selling Old Gold for Cash
When selling old gold, its purity is first assessed, especially if it does not carry a hallmark. Jewellers usually deduct a certain percentage from the day’s gold rate to account for melting loss and service charges. Because of these deductions, selling gold for cash is advisable only during urgent financial needs.
Exchanging Old Gold for New Jewellery
Exchanging old gold for new jewellery often offers better value than selling it for cash. Many jewellers provide a higher per-gram rate during exchange. However, buyers should watch out for making charges and wastage, which can reduce overall savings.
Making Charges & Wastage Offers
Some jewellers waive making charges and wastage, especially if 22-carat old gold is exchanged for jewellery of the same purity. Festive seasons often bring offers like 0% wastage, but intricate designs may still attract 12–20% wastage.
Smart Tip
Choose simple designs with minimal wastage to retain maximum value. Always compare rates and charges at two or three shops before deciding.
