Gold making charges are additional fees (typically 10-35%) charged by jewelers for crafting gold jewelry, which can cost consumers Rs. 5,000-25,000 per piece; these charges can be negotiated by comparing prices across multiple shops, purchasing during festivals, making bulk purchases, choosing simpler designs, and building relationships with jewelers, while consumers should always verify BIS hallmarks, request itemized bills, and check stone weights separately to avoid hidden costs.
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How to Negotiate Gold Making Charge ? | Gold Making charge Malayalam | What is Gold Making charge ?Added:
Hello, I am Minish Sholi. We Malayalis love gold very much.
They like to buy a lot of gold. They love to make and wear various types of jewelry using gold. So, while doing this, we are losing a lot of money. than the actual gold price. Where is it getting lost? Making is in charge. In today's video, I'm going to share with you how we can negotiate the making charge. That's about it. So if this is your first time watching the video, please subscribe to the channel. If you click the bell button next to it, you will receive notifications on your mobile whenever I update my videos. Today, one gram of gold is worth around Rs 14,500 plus. If it is 22 carats, then if it is 24 carats, then there is around 15500 plus. This is the mail almost rate. This is not the correct rate. There are slight differences. The price of gold is changing every hour. Okay. This is how we actually planned and then we went to the jewelry store. But by the time we get there, they will charge us around 1.5 to 35% as a making charge.
That amount is additional and it is a loss for us. We have bought some gold and ornaments and we will think that we will use it for tomorrow. But inside, we bought it at an overpriced price.
Only if there is an appreciation of 35% above this, our calculation will be equal. So how do we reduce this? We can reduce it by about 5000 to 25000 rupees. If there is proper negotiation, we can learn about it clearly and strongly.
First, we are going to understand from which shop the lowest amount is bought.
So how is it categorized?
We know that Tanishq is a big premium brand.
Their making charge ranges from eight to 28 percent. If it is a company with a national chain, like Kalyan Jewelers, it is 10 to 18 percent. If it is a regional chain, like Bima or Alukas, it is 8 to 14 percent.
Next is the local jeweler.
There are a few shops near our house. If they are all there, it is 6 to 12 percent. We don't know their names. They must be in your own country.
Many people must have started Aarti Jewelers, Ashwathi Jewelers, etc. That kind of jewelry, that is, a jewelry store that doesn't have many branches and does n't have a great reputation, but has value in our country, is available at a relatively low rate. Next is online digital.
Now we can purchase jewelry and gold online. The online platform is available.
The big thing is that we will get a four-two. The making charge normally comes in the range of 10 to 12 percent, but if it is 15 percent, we have to negotiate even if we are sure. If the charge is above 10 to 12 percent, then you can negotiate even if you are sure. There are five negotiation tactics that we are going to look at. First, you should compare in three or four shops. Don't you always understand the rate? Then before we purchase from a place, we should compare there and then we discuss those things.
This is how much the rate comes. The next second case is what you can do in festival timings like Akshaya Tritiya. You can go and buy gold. Then you will get it at a slightly lower rate. You can say that the making charge is less and get it.
Similarly, you can make bulk plus multi-term purchases. So I buy in one, two, three installments. I need a little more. The next five installments or we can negotiate while making bulk purchases. The next case is simple. Designs are very high-end designs, when we take temple designs, the cost increases tremendously.
Then we take some common designs.
Likewise, after building good relationships with good managers, it is great.
I am a well-known and famous jeweler. There was a person we saw in a video.
I was able to purchase all this gold at a low rate by meeting him in Trivandrum and talking to him. This is a real story. So, we can use many relationships. After using the relationship, we will have a good situation where we can adjust the making charge. The check list was a red flag. The main thing to do is to check whether there is a BIS hallmark six-digit ID. The weight of the gold should be checked separately for each piece. The weight of everything should be checked separately.
You should buy an itemized bill for each piece as well as for each item. You should buy a bill for each item separately. You should ask for an itemized bill and it will be given to you.
Similarly, you should check the weight of the stone separately.
After we buy a necklace, sometimes there may be a lot of stones. If there are stones, you should take the weight of the stone separately. If you don't know that, you don't know how much gold there is now or how many stones there are. Overall, they would say this. Then we will get a certified card for it. So you should buy all that. The main thing to avoid now is the melting charge trap, meaning that when we give them gold, it melts, so there is a charge for it.
You will be given a job. Next is walk- per-price pricing, which means you have to check the price of each item separately.
Next, we have a 7% chance of getting wasted. Does waste happen often?
So we should pay attention to that.
Similarly, there will be non-hallmarked jewelry, gold that does not have any hallmarks. So we need to check all that.
We should also avoid things like this: The making charge is not refunded when reselling.
You will never get this making charge when you sell. They will take all of them and, just like that, put them in a complete machine, melt them, and set them up. With that, we made that making charge vanish. We gave 35% and disappeared.
We need to understand that this is the reality. We are Malayalis, we think smartly, so we must learn to negotiate smartly.
We should check the bill properly so we can make some benefit. Remember, the making charge is only 10 to 12%.
You can negotiate even if you are sure that you are buying above that.
You can save anywhere from Rs. 5,000 to Rs. 25,000 per pawn. It is also important to check whether BAS 9v6 is present even after confirmation. Please share this video with all your friends, relatives, and everyone who attended college who doesn't know anything about it.
Don't forget to subscribe to the channel and click the bell button for notifications as we will be uploading more videos like this in the coming days.
We'll see you tomorrow for another great video. Show Signing of Bye Bye [Music]
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