Save Your Gold: Vikas Gawri's Step-by-Step Guide to Fair Pricing

Before you start to swipe your card or hand over that envelope at any jewellery store, just take a moment. 

According to Vikas Gawri, many shoppers often unknowingly end up paying 20% more simply because they don't want to understand the correct calculation of the gold jewellery pricing.

His recent video breaks it all down perfectly with a practical and example-based method that can save you many thousands.

/Gold Jewellery Pricing: Know Before You Pay-

Gawri uses a perfect father-son dialogue to showcase how easily one can be overcharged and stresses that a proper bill breakdown is very essential when buying gold. Here's how to calculate it very smartly:

Step-by-Step Gold Price Calculation:

Always check the Retail Selling Rate
On the day of purchase, just Google: “today's retail selling rate of gold”
Choose a trusted website to get the price per gram for 24K gold (e.g., ₹8,852)
Adjust for the Carat Purity

Multiply the 24K rate by the purity number of the gold that you're buying:

For 22K, the number is 916
A full purity chart is used for the other variants
Multiply by the Weight in Grams
E.g., 15g or 30g, depending on your whole purchase
Divide it by 999

This perfectly gives you the whole base price of your jewellery

Add the Making Charges + 3% GST

Only after getting this whole breakdown you should complete the payment

Hence,

Vikas Gawri's main takeaway?

Knowledge protects your whole wallet. Before making any gold jewellery purchase, especially during the wedding season, just take 2 minutes to run the numbers. 

Knowing how the price is calculated not only avoids the overcharging but also empowers you as a smart buyer.

View this post on Instagram

A post shared by Vikas Gawri (@marketians)

For more interesting finance stories, always stay tuned to WhosThat360!