Today gold making charges in patna 750 hallmark: When purchasing 750 hallmark gold jewellery in Patna, it’s essential to understand the various components that contribute to the final price. The term “750 hallmark” refers to 18-carat gold, indicating that the piece contains 75% pure gold and 25% alloy metals, enhancing its durability and making it suitable for intricate jewellery designs.
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Current Gold Rates in Patna
As of February 11, 2025, the price of 24-carat gold in Patna is ₹8,743 per gram, while 22-carat gold is priced at ₹8,015 per gram. citeturn0search2 Since 18-carat gold contains 75% pure gold, its price is proportionally lower. However, it’s important to note that gold prices fluctuate daily due to factors like global market trends, currency exchange rates, and local demand. Therefore, it’s advisable to check the most recent rates before making a purchase.
Today gold making charges in patna 750 hallmark
Making charges are the costs associated with crafting raw gold into jewellery. These charges cover the labour, skill, and time invested in creating each piece. In Patna, making charges can vary widely, typically ranging from 3% to 25% of the gold’s price, depending on the complexity of the design and the jeweller’s pricing policies. citeturn0search11 For instance, a simple gold chain may have lower making charges compared to an intricately designed necklace studded with gemstones. Some jewellers may also apply a fixed making charge per gram, regardless of the design. It’s crucial to discuss and understand these charges upfront to avoid unexpected costs.
Hallmarking and Purity Assurance
The Bureau of Indian Standards (BIS) hallmark is a certification that guarantees the purity and authenticity of gold jewellery. For 18-carat gold, the hallmark will include the BIS logo, a ‘750’ mark indicating 75% purity, the jeweller’s identification mark, and the year of hallmarking. Purchasing hallmarked jewellery ensures that you are getting the purity you are paying for, providing peace of mind and value for your investment.
Goods and Services Tax (GST) on Gold
In India, the purchase of gold jewellery attracts a Goods and Services Tax (GST). As of 2025, a 3% GST is levied on the value of the gold, and an additional 5% GST is applied to the making charges. citeturn0search9 For example, if you’re purchasing an 18-carat gold piece weighing 10 grams, and the gold rate is ₹6,557 per gram (75% of ₹8,743), the gold value would be ₹65,570. If the making charges are 10% of the gold value, that’s ₹6,557. The GST would then be calculated as 3% of ₹65,570 (₹1,967.10) plus 5% of ₹6,557 (₹327.85), totaling ₹2,294.95. Thus, the final price would be ₹65,570 + ₹6,557 + ₹2,294.95 = ₹74,421.95.
Tips for Buying 750 Hallmark Gold in Patna
- Compare Prices: Since gold prices and making charges can vary between jewellers, it’s wise to compare offers from multiple reputable jewellers in Patna to ensure competitive pricing.
- Check for Hallmark Certification: Always look for the BIS hallmark on the jewellery to ensure its purity and authenticity.
- Understand the Breakdown of Charges: Request a detailed invoice that clearly separates the cost of the gold, making charges, and applicable taxes. This transparency helps in understanding the exact components of the price you’re paying.
- Negotiate Making Charges: There’s often room for negotiation on making charges, especially for high-value purchases. Don’t hesitate to discuss and negotiate these charges with the jeweller.
- Stay Informed About Market Trends: Gold prices fluctuate based on various factors. Keeping an eye on market trends can help you decide the right time to make your purchase.
By being informed about the current gold rates, understanding making charges, ensuring hallmark certification, and being aware of applicable taxes, you can make a well-informed decision when purchasing 750 hallmark gold jewellery in Patna.