Gold prices today: Gold jewellery rates of Kalyan Jewellers, Tanishq, Malabar Gold

When many Indians consider investing, one of the first things they think of is gold. Gold has long been a well-liked investment option in India, whether as jewellery that serves as cultural markers and artefacts or as bars and coins for financial protection.

The majority of Indians believe that purchasing gold during festival occasions is auspicious and would benefit both individuals and families by bringing money and good fortune.

Festivals also make gold purchases ideal because there are many exclusive deals offered by jewellers.

Buying gold on Akshaya Tritiya

Akshaya Tritiya is an auspicious day that unequivocally promises everlasting prosperity. It is strongly believed that those who buy gold on this occasion will gain perpetual wealth.

Also read:Check purity of gold using BIS app: Here’s a step-by-step guide to check gold hallmarking

Gold prices today

Here are gold rates of popular jewellers, such as Kalyan Jewellers, Tanishq, and Malabar Gold, as of May 4, 2024(12.25 PM IST).

Making charges
One thing you should know is that location and quality have an impact on the price of gold. First, because there are many grades of gold, ranging from 9K to 24K, the price fluctuates according to quality. You also need to consider the amount that the jeweller will add in fees. The percentage of the total weight of the gold that is charged might range from 6% to 14% or more depending on the design.

Which precious metals are Hallmarked in India?

In India, at present, two precious metals, namely gold and silver, have been brought under the purview of Hallmarking.

How much does it cost to get a silver article hallmarked?
Following hallmarking charges are applicable:

• Rs.25/-per article
• Minimum charges per consignment is Rs 150.00. (Services Tax and other levies as applicable shall be extra).

Does hallmark charges include making charges and wastage charges?
No

Is it necessary to take authentic bills/invoice for the hallmarked article from retailer/jeweller?
Yes, it is necessary to take authentic bills/invoice of the hallmarked article from retailer/jeweller. It is necessary for any dispute/misuse/complaint redressal.

Is it necessary to have details of hallmarked articles in the bill/invoice issued by jeweller/retailer?
Yes, it is necessary to have details of hallmarked articles in the bill/invoice ..

What should be looked at in a jewellery shop?
On the outside of the sales outlet, the registered jeweller shall display the logo of BIS with the wording “Hallmarked jewellery available for sale” .Certificate of registration issued by BIS shall be displayed by the jeweller in a jewellery shop. Jeweller shall have magnifying glass of minimum 10X magnification to show hallmark to customer in the hallmarked jewellery. Relation of fineness with caratage shall be by the jeweller.