My sister got scammed in gold jewellery buying.

251°
Post Mogul
Loot.Machao

As per 31 July 24 the 18 Karat gold price was around 5300 Rs Per gm
But he has given the rate of 5699 gm rate
Please help how can I take action
Even the making charges is not mentioned imagepicker93D2D93F-5152-4380-A28A-3479CA775626-34594-000004CEA260E9EA

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Deal Cadet Deal Cadet
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Go to showroom itself. I used to go caratlane and Tanishq to avoid these etc.

Heart of Gold Heart of Gold
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This looks like reverse calculation from 70k.

Merchant and customer would have bargained and finalised 70k, so he made bill of 70k.

Now whatever was the price, if you go and ask he will say remaining is making charges.

Heart of Gold Heart of Gold
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67961/10.74 = 6328/gm for 75%

So 999 24k would be 8436/gm

Considering making charge + wastage + stone charges 10-20%, it can vary with the kind of design.

Price in 31st July for 24k was 6982.

6982*1.1 = 7680 (10% making charge)

6982*1.2 = 8380 (20% making charge)

So in this the making charge is 20%+, which is quite steep, but this would have been bargained and agreed upon during the same.

Also I am quite sure it wouldn't be 75% purity, generally I have seen 70-72% for 18karat.

My friend bought so I will also trust blindly and buy without asking or checking anything.

There is no point in going to the shop and asking him as it is a done deal and you can never argue  making charge/wastage after you have paid.

Next time please accompany your sister for any purchases and don't let her feel bad about this incident. She would have been all happy after the purchase, until you pointed out high charges by shopkeeper.

Happy Shopping.


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Deal Cadet Deal Cadet
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Go to showroom itself. I used to go caratlane and Tanishq to avoid these etc.

Helpful Helpful
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Tanisq price of gold is around 5% premium to market rate. It's daylight robbery 🤕

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making charge is not clear
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making charge is not written anywhere
Helpful Helpful
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and i think he have charged additional gst. he should charge gst on gold amount only not on the making charge
Finance Mentor Finance Mentor
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It's goods and services tax. Making is a service, so gst will be charged on that as well.

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jhol dikha raha hai isme-calculation seems to be fishy
Deal Cadet Deal Cadet
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Making is charged per gm. 

Also, there's always variation between the exchange and market gold rate. 

Deal Subedar Deal Subedar
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can any give the breakdown calculation.. i am not getting how 67961 value was calculated

Heart of Gold Heart of Gold
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This looks like reverse calculation from 70k.

Merchant and customer would have bargained and finalised 70k, so he made bill of 70k.

Now whatever was the price, if you go and ask he will say remaining is making charges.

Deal Cadet Deal Cadet
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Sone employees shows the bill of big amount becuz sone time u will get more return

Generous Generous
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300-400 diff is always there in diff part of country . 

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So your sister paid the bill without even verifying the details?
Post Mogul Post Mogul
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Bro her friend had also bought jewellery from there so she trust the jeweller but today when I saw the bill i got shocked for this much of variation how he is making fool of innocent customers.

I shared him kalyan jewellers price chart and google price chart he said my price is different.

He called my sister and said you agree with the price then why your brother is calling.

This is daylight robbery.

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Deal Major Deal Major
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How much do we get on selling gold at local shops ie how much less

Deal Newbie Deal Newbie
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Complaint in consumer forum 

Heart of Gold Heart of Gold
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67961/10.74 = 6328/gm for 75%

So 999 24k would be 8436/gm

Considering making charge + wastage + stone charges 10-20%, it can vary with the kind of design.

Price in 31st July for 24k was 6982.

6982*1.1 = 7680 (10% making charge)

6982*1.2 = 8380 (20% making charge)

So in this the making charge is 20%+, which is quite steep, but this would have been bargained and agreed upon during the same.

Also I am quite sure it wouldn't be 75% purity, generally I have seen 70-72% for 18karat.

My friend bought so I will also trust blindly and buy without asking or checking anything.

There is no point in going to the shop and asking him as it is a done deal and you can never argue  making charge/wastage after you have paid.

Next time please accompany your sister for any purchases and don't let her feel bad about this incident. She would have been all happy after the purchase, until you pointed out high charges by shopkeeper.

Happy Shopping.


Post Mogul Post Mogul
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Thanks bro for your input

Analyst Analyst
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Is 18k gold prevalent in market? I thought ornament gold is 22k or 916 that comes with bill and certificate. Atleast that’s how I bought so far. Do you have purity certificate from shop?


sad whatever happened, if you can fight visit the shop, might get small gift in return to this overpricing 

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