Old Gold Exchange in Hyderabad: How It Works
Most families have old gold lying in a locker: broken chains, single earrings, designs nobody wears any more. Exchanging it for new jewellery is one of the easiest ways to refresh your collection without spending the full amount.
Step 1: Weighing
Your jewellery is weighed in front of you. If it has stones, beads or lac (wax filling), their weight is estimated and removed to find the net gold weight.
Step 2: Testing purity
The purity of old gold is tested, often with an XRF machine (karat meter) that reads the metal without damaging it. Hallmarked pieces still get tested, because older hallmarks may not have HUID and purity can vary.
Step 3: Working out the value
The value is based on net gold weight × purity × the day’s rate. Some jewellers make a deduction for melting loss and refining. Ask the jeweller to write the weight, purity and any deduction clearly.
Step 4: Choosing new jewellery
The value of your old gold is adjusted against your new jewellery. You pay the difference, plus applicable charges on the new piece.
Tips for a fair exchange
- Carry your old bills if you have them. They help confirm purity and weight.
- Watch the weighing and testing yourself.
- Ask for the purity reading and net weight in writing.
- Compare the final amount you pay for the new piece, not only the value given for old gold.
- Carry a photo ID, as jewellers may need it for larger transactions.
SDG Gold Re:New: turn old gold into something new
At Sri Darshan Gold, our SDG Gold Re:New scheme lets you give your old gold today and redeem it after 6 months for new jewellery, with:
- 0% making charges
- 0% wastage
- 10% off diamond and stone charges
Conditions apply. Call or WhatsApp 92741 41419 for details.
Questions people ask
Can I exchange gold without a bill?
Yes. Jewellers test purity and weigh the gold, so a bill is helpful but not always required. A photo ID may be needed.
Do I get the full gold rate for old jewellery?
The value depends on net weight, tested purity and the day’s rate. Some jewellers deduct for melting loss, so ask for the calculation in writing.
What is SDG Gold Re:New?
It is Sri Darshan Gold’s scheme where you give old gold today and redeem it after 6 months for new jewellery with 0% making charges, 0% wastage and 10% off diamond and stone charges. Conditions apply.
Visit Sri Darshan Gold, Somajiguda
Vista Grand Tower, 4th Floor, Somajiguda, Hyderabad. Open every day, 10:30 am to 7:30 pm. Our team explains purity, weight and every charge line by line before you buy.
Ask us on WhatsApp See today’s gold rateTurn your old gold into something new.
Give your old gold today. After 6 months, redeem it for new jewellery.
*Conditions apply
Pay 11 months. Get jewellery with no making charges.
Every monthly payment turns into gold at that day’s rate. In the 12th month, take your jewellery with zero making charges and zero wastage.
Your budget, our jewellery.
Tell us how much you want to spend and what you have in mind. We design a piece that fits your budget, in 22K, 18K, 14K or 9K gold.