Buying gold this Dhanteras? 6 extra charges that could increase your jewellery bill

Buying gold is a Dhanteras tradition for many Indian families. Whether it is a necklace, ring, bracelet, earrings or gold coin, shoppers often compare the latest gold rates before visiting a jewellery store.

1. Making charges

Making charges cover the labour and craftsmanship involved in turning gold into jewellery. These charges vary depending on the design, complexity and jeweller.

Some jewellers calculate making charges as a percentage of the gold value, while others charge a fixed amount per gram. Intricate designs and handcrafted pieces may attract higher charges.

2. Wastage charges

Wastage charges are sometimes added to account for gold lost during the jewellery-making process, including cutting, shaping and polishing.

The amount can vary depending on the design and manufacturing method. However, not every jeweller charges wastage separately.

3. GST

For instance, if your jewellery bill amounts to ₹1 lakh before GST, you will pay an additional ₹3,000 as GST, taking the total to ₹1.03 lakh.

4. Hallmarking charges

One cost buyers should be aware of this Dhanteras is the revised gold hallmarking fee. The Bureau of Indian Standards (BIS) increased the hallmarking fee payable by jewellers to recognised Assaying and Hallmarking Centres from ₹45 to ₹75 per gold article, effective September 14, 2026. This represents an increase of nearly 67%.

However, this is a fee payable by jewellers, not a separate mandatory amount prescribed for consumers.

5. Stone charges

If you are purchasing diamond-studded or gemstone jewellery, ask the jeweller for a clear breakup of the gold weight and stone weight.

The quoted jewellery price may include the cost of diamonds, precious stones or other decorative elements. These components can affect the final bill.

Also, remember that the resale or exchange value of stones may differ from their original purchase price. Ask about the jeweller's exchange policy before buying.

6. Buy-back deductions

Planning to exchange your jewellery or sell it in the future? Check the jeweller's buy-back policy before making the purchase.

Making charges and GST are generally not recovered when jewellery is resold. Ask whether the buy-back value will be based on the prevailing gold rate and whether any deductions will apply.

When is Dhanteras this year?