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https://www.timesnownews.com/business-economy/personal-finance/planning-investing/article/buying-gold-jewellery-heres-how-making-charges-can-impact-gold-jewellery-price/681737
Nov 14, 2020 · Making charge is an important aspect that should be kept in mind while buying gold jewellery as it constitutes a substantial portion of your total bill. There are some jewellers who include making a charge in the bill at a fixed rate per gram of gold, while others may charge is based on a certain percentage of the total jewellery weight.Estimated Reading Time: 4 mins
https://ezinearticles.com/?What-Are-Making-and-Wastage-Charges-on-Gold?-Are-They-Legal-in-India?&id=9719961
Though the jeweller collects this payment, but the money is passed on to the craftsmen who actually create the jewellery. The making charge for gold jewellery in India is in Rupees for each gram of gold. Usually, this charge varies between Rupees 25 to 35.
https://ajithprasad.com/gold-jewellery-buying-tips-wastage-charges-making-charges-va-karat-916-bis-hallmark/
Aug 09, 2012 · The making charges (‘Panikkooli’ for Malayali friends) is the cost of converting raw gold into jewellery. This is usually expressed in Rupees per gram of gold. In most cases, the making charges per gram of gold vary from 25 to 35 rupees. Compared to …Estimated Reading Time: 7 mins
https://www.timesnownews.com/business-economy/economy/article/buying-gold-from-jewellers-understand-the-making-charges-first/137105
Dec 01, 2017 · Price of jewellery = Gold rate/Gram x Weight of gold in jewellery + Making charge/gram + GST (on Jewellery plus making charge). For example, suppose gold rate quoted by the jeweller is Rs 30K/10gram (i.e. Rs 3K/gm) for 22 carat gold. Weight of gold in jewellery you purchase= 20 gram and making charge is Rs 300/gram.Estimated Reading Time: 5 mins
https://www.melorra.com/jewellery-guide-education/gold/buying-and-pricing/wastage-charges-and-making-charges/
Some jewellers include making charge at a fixed rate per gram of gold, while others charge is based on a percentage of the total jewellery weight. For mass-market machine-made jewellery like simple gold chains, the making charges usually range from 3% to 25%.
https://www.change.org/p/cro-bis-org-in-bs-bis-org-in-govt-norms-for-the-wastage-charges-in-gold-jewellery-reduction-control
Cost of Gold Jewellery = Making Charges + Wastage Charges + Cost of Stones, if any + VAT For example, assume that the gold rate is at Rs.2500/- per gram for 22 Karat gold.
https://gstindianews.info/gold-jewelry/
Let us understand how GST is calculated on Gold in India. Thus, you can find out the final price of the jewelry with GST. The current Goods and Service tax rate on Gold is: 3% (CGST = 1.5%; SGST= 1.5%). The GST rate @3% is applicable on the final value of Gold jewelry including the making charges.
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