Understanding Gold Making Charges per gram

Understanding 18k gold making charges

If you love jewellery, you probably know that the cost of gold is just one part of the price. The making charge of 18k gold is what you pay for the craftsmanship that turns plain gold into beautiful jewellery. This includes the skill, time, and effort artisans invest to create intricate designs. Unlike the gold rate, which changes daily, making charges for 18k gold are relatively stable, though they can vary between jewellers. Simply put, the 18 carat gold making charges are the value you pay for turning gold into wearable art.

Key factors influencing 18k gold making charges

Not all jewellery costs the same, even if the gold weight is identical. Here’s why making charges of 18 karat gold can differ:

• Design complexity: Intricate patterns need more time, so the charge is higher.
• Jeweller’s expertise: Skilled or famous jewellers often charge a premium.
• Type of jewellery: A simple ring costs less than an elaborate necklace.
• Location & market: Charges can vary from city to city.
• Techniques & tools: Advanced crafting methods can increase costs.

How 18k gold making charges are determined?

Jewellers usually calculate 18k gold making charges either per gram or as a percentage of the gold weight. The more intricate the design, the higher the labour involved, and therefore, the higher the making charges for 18k gold. Larger pieces or elaborate designs cost more, while simpler pieces have lower charges. Even the jeweller’s reputation plays a role, as renowned artisans may add a premium for their expertise. Essentially, making charge of 18 karat gold reflects the craftsmanship and effort that goes into creating a piece of jewellery.

Impact of 18k gold making charges on gold loan value

It’s important to know that 18k gold making charges don’t add to your gold loan value. Lenders calculate the loan primarily on the gold’s purity and weight. So, if your jewellery has a high making charge of 18k gold, it won’t increase your loan amount—it’s considered a sunk cost. Knowing this helps you plan better and borrow responsibly. Even though making charges add to the purchase cost, they do not affect the loan against 18 carat gold jewellery, ensuring that you understand what portion of your investment counts toward a gold loan. 

Want to make the most of your gold? Check your gold loan eligibility with Bajaj Finance today and unlock quick funds against your verified jewellery—all while ensuring complete safety and transparency.

Guide to securing gold loans with 18k gold jewellery

Getting a gold loan with your 18k gold jewellery is straightforward if you follow a few steps:

1. Have your jewellery appraised for weight and purity.
2. Compare different lenders for the best gold loan terms, interest rates, and repayment options.
3. Keep all required documents ready—ID proof and proof of ownership.
4. Understand the lender’s evaluation process and review the loan agreement carefully.

Following these steps helps you unlock the value of your 18 carat gold jewellery efficiently and safely.

Evaluating 18k gold jewellery for loans: Key considerations

When lenders evaluate 18k gold jewellery, they focus on:

• Purity: 18k gold contains 75% pure gold, which directly impacts the loan amount.
• Weight: Heavier pieces generally allow for higher loan values.
• Market rate: Current gold prices play a key role in determining the loan’s worth.
• Design and condition: Well-maintained, intricate, or detailed jewellery may be valued more.
• Lender policies: Interest rates, repayment options, and maximum loan limits vary, so it’s important to understand each lender’s terms.

Keeping these points in mind ensures a fair appraisal and helps you make the most of a loan against 18k gold jewellery.

Why let your gold sit idle when it can power your financial goals? Apply for a Bajaj Finserv Gold Loan now!