Yes, Kalyan Jewellers does acquire old gold, specifically through their buyback policy for plain gold jewellery. This policy provides a structured way for customers to sell their existing gold pieces back to the jeweller.
Understanding Kalyan's Gold Buyback Policy
Kalyan Jewellers implements a clear buyback policy for both plain gold and plain platinum jewellery. This policy is designed to offer customers liquidity for their valuable assets, enabling them to sell or exchange their jewellery based on current market valuations.
Key details of their buyback policy include:
- Plain Gold Jewellery: For plain gold jewellery, Kalyan offers a buyback value equivalent to 90% of the current market value of the product. This valuation is precisely determined by the net weight of the metal at the time of the transaction.
- Plain Platinum Jewellery: Similarly, for plain platinum jewellery, the buyback value stands at 75% of the current market value, also assessed based on the net weight of the metal.
This table summarizes the buyback rates:
| Jewellery Type | Buyback Value (as % of current market value) | Basis of Valuation |
|---|---|---|
| Plain Gold Jewellery | 90% | Net weight of metal |
| Plain Platinum Jewellery | 75% | Net weight of metal |
How the Buyback Process Generally Works
While specific procedures may vary by showroom, the general process for Kalyan's jewellery buyback involves several straightforward steps:
- Jewellery Assessment: Your old gold or platinum jewellery undergoes a thorough assessment to determine its purity and accurate net weight.
- Current Market Rate Application: The prevailing market rate for gold or platinum on the day of the transaction is applied.
- Value Calculation: The final buyback amount is calculated based on the determined market value and the specified percentage (90% for gold, 75% for platinum).
- Transaction Completion: The customer receives the calculated amount, which can often be in the form of cash, store credit, or used against the purchase of new jewellery.
It is always advisable to visit your nearest Kalyan Jewellers showroom to get a precise valuation and understand the complete terms and conditions applicable to your specific piece of jewellery.
