Neutral impactCommodity
Exchanging 30-Year-Old Gold This Dhanteras? What You Should Know
NDTV Profit 3 hrs ago·6 Nov 2026, 10:20 am
With Dhanteras approaching, many investors are considering exchanging old gold jewelry for new pieces. This ritual is popular, but it involves several financial and administrative steps that can impact your net returns. Before you visit a jeweler, it is important to understand the process to avoid unexpected costs.
The most significant factor is the making charges, which vary by shop and design. Additionally, you must account for the making charges paid when you originally purchased the jewelry, as these are not recoverable during an exchange. Finally, be aware of the Goods and Services Tax (GST) implications, which apply to the value of the new jewelry and any cash paid to balance the transaction.
Investors should compare the making charges of different retailers and calculate the total tax outlay before finalizing a deal. It is also wise to verify the purity of your old gold through an independent assay. By doing your homework, you can ensure you get the best value for your old assets.
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