Gold making charges: what they are and how to compare them

Two ways jewellers quote them

Some jewellers quote a percentage of the gold value, for example 10%. Others quote a fixed amount per gram. A percentage rises when the gold rate rises, while a per-gram charge stays the same.

Why they differ between designs

Machine-made plain pieces usually carry lower making charges than handmade, antique or heavily detailed pieces, because they take less skill and time. Lightweight pieces often carry a higher percentage because the work does not fall with the weight.

How to compare two shops

Do not compare only the making percentage. Compare the final price for the same karat and the same weight on the same day.

• Ask for the gold rate used and the time of the rate
• Ask whether wastage is charged separately
• Ask what the buy-back or exchange value is
• Check that the HUID hallmark is on the piece

Can you negotiate?

Making charges are the usual place to negotiate, especially on larger purchases and for repeat customers. The gold value itself follows the market rate and does not move much.

Questions