How to Exchange Old Gold Jewellery

Many of us have gold jewellery at home that we no longer wear. It could be an outdated design, a damaged piece, or something that no longer fits your style. The good news is that gold never loses its value. You can exchange your old gold jewellery for something new, and it is a smart way to get value from pieces you no longer use.

If you are planning to exchange your old gold, here is a simple guide that explains how the process works and what to keep in mind.

Step 1: Check the Purity of Your Gold

The first step is to understand the purity of your jewellery. Gold is usually measured in karats. Most jewellery is made from 22KT or 18KT gold. Older pieces might be 20KT or even 14KT.

Look for the BIS hallmark, which confirms that the gold is certified. If your jewellery does not have a hallmark, the jeweller may test it before confirming the exchange value.

Step 2: Weigh the Gold

After checking the purity, the jeweller will weigh the gold. Most stores use digital weighing machines in front of the customer. This helps keep the process transparent.

Only the gold part of the jewellery is considered during the exchange. Any stones, enamel, thread, or other materials are not included. If your piece has diamonds or gemstones, they will usually be removed before weighing. You can ask the jeweller if these stones can be reused in your new jewellery.

Step 3: Know the Current Gold Rate

The value of your old gold will depend on the current gold rate on that day. Prices change daily, so it helps to check the live rate before visiting the store.

Also, note that the buy-back rate may be slightly lower than the selling rate, as the gold will need to be refined or melted before reuse.

Step 4: Deductions or Charges

Some jewellers may deduct a small melting charge or refining fee, especially if the jewellery is damaged, not hallmarked, or has a lot of impurities. These deductions vary by store, so always ask in advance.

Make sure you understand the final calculation and request a detailed breakdown if possible.

Step 5: Choose Your New Jewellery

Once the value of your old gold is confirmed, you can use that amount to purchase new jewellery. You can choose from readymade pieces or even request a custom design.

If the cost of the new jewellery is higher than the value of your old gold, you simply pay the difference. If the new item costs less, the remaining amount may be refunded or adjusted as per the store’s policy.

Step 6: Ask for a Detailed Invoice

When the exchange is complete, make sure you receive a proper bill. It should mention:

• The weight and karat of the gold you exchanged
  

• The rate applied
  

• Any deductions
  

• The total cost of your new jewellery
  

This invoice is important for future references or for re-exchange in the future.

Things to Keep in Mind While Exchanging Gold

To ensure a smooth and fair exchange, here are some important points to remember:

1. Choose a trusted jeweller

Always go to a well-known or recommended jewellery store. A reputable jeweller will weigh and test your gold in front of you and explain the process clearly.

2. Ask about stone handling

If your jewellery contains diamonds or other stones, ask the jeweller whether you can keep or reuse them. Do not assume they will be included in the gold value.

3. Compare offers

Visit two or three jewellers if possible. Some may offer a better buy-back rate or fewer deductions. This will help you get a fair value.

4. Know your gold’s history

If you have the original bill or certificate, take it with you. It helps prove the karat and weight and avoids confusion.

5. Understand hallmarking

Hallmarked jewellery will usually get better value and fewer deductions. If your jewellery is not hallmarked, the jeweller may need to do a purity test and may offer a lower rate.

6. Check refund or balance policies

Ask what happens if your new jewellery costs less than your gold value. Will you get cash back or store credit?

7. Clarify charges

Always ask about any melting, service, or labour charges in advance. Some stores offer full value with no deductions if you are exchanging gold for new jewellery from their collection.

8. Look at timing

Since gold rates change daily, exchange your jewellery when the gold price is relatively higher to get the best value.

Final Thought

Exchanging old gold jewellery is a great way to breathe new life into pieces you no longer wear. It is practical and gives you the chance to upgrade to something that fits your current style and needs.

At Emori, we offer a transparent and fair gold exchange process. Your gold is tested and weighed in front of you, and our team helps you find the perfect new design to match your story. Whether you want a simple ring, heavy necklace, or a custom piece, we make sure your old gold turns into something you love to wear again.