Selling Old Gold: Why You Might Not Get Today's High Price

• Gold prices have significantly increased over the last five years, with 10 grams of 24-carat gold now at Rs. 1,58,510 and 22-carat at Rs. 1,45,230.
• Sellers of old gold often face deductions of 10-15% below market rate, even with rising prices, due to purity checks and jeweler margins.
• Initial purchase costs include 12-20% making charges and 3% GST, which are not fully recovered when selling old jewelry.
• Branded jewelers typically offer better buyback policies, with deductions of 0-2% or even 100% buyback, unlike local jewelers.
• For investment, buying gold as sovereigns is recommended to avoid making charges and ensure better resale value.