Dhanteras Jewellery Purchase: Key Bill Checks for Buyers
As Dhanteras approaches, many shoppers are preparing to buy gold jewellery, coins and other precious articles. The festival, which will be observed on November 6, remains one of the most popular times of the year for such purchases.
While buyers often compare gold prices, the final amount they pay depends on several additional components. Understanding each part of the bill can help prevent surprises at the billing counter.
Carat-based pricing: Gold rates depend on purity, so the per-gram price shown should match the carat you intend to buy. A rate for 22 carat gold is not the same as one for 18 carat gold. Checking prices at multiple jewellers allows for a fair comparison.
Making charges: These cover the design and fabrication of the piece. Some jewellers apply a percentage of the gold value, while others charge a set rate per gram. Intricate work generally leads to higher costs. Confirm in advance whether the making charge is fixed or negotiable.
Wastage fees: A wastage charge may be added to account for gold lost during crafting. It can be bundled with the making charge or shown as a separate line item. Clarify how it is calculated to avoid paying for the same cost twice.
BIS hallmark and HUID: Purity is verified through the BIS hallmark. Look for this mark and the HUID number on your jewellery. If hallmarking is charged separately, ask for a detailed breakdown so you know exactly what you are paying for.
GST on jewellery: Gold ornaments are usually taxed at 3 percent GST on the total value, which includes both the gold price and making charges. Verify that the tax has been calculated properly and that it is clearly stated on the invoice.
Market analysts note that buyers should evaluate the entire structure of the bill, not just the headline gold rate. Proper hallmarking, fair making charges, clear wastage terms and accurate GST can help consumers avoid unnecessary costs. For investment purposes, gold coins, bars or gold ETFs may offer better value than jewellery.