Gold jewellery has always been the very first choice, whether for a soon-to-be bride or any woman. But, thinking of a gold necklace price often gets a bit hectic, depending on its weight, and also for what purpose you’re going to buy it. Here we’re going to discuss a few simple things that will make it easy for you to get an estimate of your gold necklace price.

Gold Necklace Price – Step-by-Step

Before going to all the details, and billing matters, first you must discover the exact purpose for which you’re investing your money. We always suggest people do everything wisely, from the purpose to the purchase, so that they won’t end up regretting the purchase. Let’s have a look at gold necklace price for different purposes.

1. Attending Family Weddings

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Family weddings are such events that keep coming into our lives. And someone’s grand day, who is very special to you, can surely lead you to buy new gold jewellery. For this purpose, normal to moderate high range is absolutely fine, considering from 2-3 lacs to 7-8 lacs. Picking a range before buying jewellery is always good. Medium-weight gold necklace price, like 60-100gms, almost roams in between that range.

2. Attending Informal Invitations

Informal invitations for birthdays, anniversaries, and gatherings often come to us, and many women prefer to wear gold necklaces there. Hence for those purposes, light to medium-weight jewellery is perfect, ranging from 1-5 lacs, except you love to wear heavy necklaces.

3. If You’re a Bride

For a perfect bride, there is no comparison of gold bridal jewellery. And you can never predetermine bridal gold necklace price like any other purpose. When a soon-to-be bride dreams of having her wedding in a regal way, a wide choker and a raani-haar set are the must ones. If you want gold bridal jewellery that is pocket-friendly as well as looks lustrous, a budget of around 8-10 lacs is fine. But, if you want your gold bridal necklace to be surreal, then you will surely not be within any fixed budget.

Now, if you’ve understood your purpose, this is the time to know how jewellers set a gold necklace price for the customers. There are a few points that determine the pricing.

4. Purity of Gold

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There are multiple purity options of gold available for jewellery manufacturing. Some simple calculations will lead you to roughly estimate your gold necklace price for a distinct purpose. The 3 most popular fineness categories are 14K or 585, 18K or 750, and 22K or 916. For any other purposes, except for weddings, 14K, and 18K are the next option, because both of these are way cheaper than 22K gold necklaces. But for a regal bride, a 22K gold necklace always remains the best thing, because of its colour, lustre, and the effulgence it spreads around. For example, if 10 gms of 99.5% pure gold costs Rs.60000, in 14K it will be Rs.36000 (Rs.60000*60%), in 18K it will be Rs.45600 (Rs.60000*76%), and for 22K it is Rs.55200 (Rs.60000*92%). [N.B. All the rates here are examples, excluding GST, labour, and making charges]

5. Stone Weights

Often classic gold necklaces are decorated with colour stones matching outfit colours. Always cross-check the invoice of the jewellery, and find whether there is a mention of the net gold weight excluding the stone weight.

6. Checking for Hallmark

Nowadays fraudsters are everywhere, hence, never forget to ask your jeweller about the products’ hallmark certification. Obviously, look at the backside of your gold necklace to check for it, else ask your jeweller to find that for you, and check that yourself. Though it has no direct connection to the gold necklace price, still you’ll have the assurance that you’re paying for the right thing.

7. Labour or Wastage

There will definitely be a particular in your invoice namely “Wastage” or “Making”. When karigars make gold jewellery, regardless of necklace, ring, earrings, or bangles, a little portion of the metal gets lost in the steps done during the manufacturing. The karigars also need fees for their precise, and dedicated craftsmanship. Customers are charged due to these expenses at a fixed rate, sometimes as per the market standards, except if the manufacturer is a well-known brand or a reputed jewellery manufacturer in an area.

So, these are the points which combinedly determine your gold necklace price. Hope we’ve been able to make you understand all of these.