Gold Making Charges in Surat Gujarat: In Surat, Gujarat, the price of gold jewellery is determined by the current gold rate, making charges, and applicable taxes. As of December 24, 2024, the gold rates in Surat are:
22-Karat Gold: ₹7,104 per gram
24-Karat Gold: ₹7,749 per gram
Making Charges:
Making charges cover the craftsmanship involved in creating gold jewellery and can vary based on design complexity, jeweller reputation, and other factors. These charges are typically applied in two ways:
1. Percentage of Gold Value: Generally ranging from 5% to 25% of the gold’s value, depending on the intricacy of the design.
2. Fixed Rate per Gram: Some jewellers charge a flat rate per gram, which can vary widely.
Example Calculation:
For a 10-gram 22-karat gold necklace with a 10% making charge:
Gold Cost: 10 grams × ₹7,104/gram = ₹71,040
Making Charges: 10% of ₹71,040 = ₹7,104
Subtotal: ₹71,040 + ₹7,104 = ₹78,144
GST (3%): 3% of ₹78,144 = ₹2,344.32
Total Price: ₹78,144 + ₹2,344.32 = ₹80,488.32
Additional Considerations:
Wastage Charges: Some jewellers may include wastage charges to account for gold lost during the crafting process, typically ranging from 5% to 7%.
Negotiation: Making charges are often negotiable, especially for larger purchases or during festive seasons.
Design Complexity: Intricate designs usually attract higher making charges due to the increased labor and time involved.
When purchasing gold jewellery in Surat, it’s advisable to compare making charges across different jewellers, inquire about any additional fees, and request a detailed breakdown of costs to ensure transparency.