Gold Holds Steady After Opening: What Jewellery Buyers Should Compare Before Finalising Today’s Bill
- Devyani
- 1 day ago
- 2 minutes read
With gold prices largely steady by late morning on May 4, buyers may need to look beyond the per-gram rate and compare the full bill before paying.
By late morning on May 4, gold was not making a dramatic move. GoodReturns’ 11:23 AM update said 24K gold stayed unchanged at ₹15,093 per gram, while 22K gold held at ₹13,835 per gram. Silver was also flat at ₹2,65,000 per kg.
NDTV Profit’s morning tracker, using India Bullions data, had earlier listed 24K gold at ₹1,51,830 per 10 grams and 22K gold at ₹1,39,178 per 10 grams at 7:05 AM. For Kolkata, it listed 24K gold at ₹1,51,360 per 10 grams and 22K gold at ₹1,38,747 per 10 grams.
So yes, the rate is calm. But the shopping counter? That is where things get interesting.
Why Buyers Should Not Rush
The Economic Times reported at 9:34 AM that gold and silver opened nearly flat on MCX, with investors watching inflation risks and global cues. MCX gold futures for June delivery were little changed at ₹1,51,257 per 10 grams, while July silver futures were at ₹2,51,237 per kg.
For jewellery buyers, this steadiness gives one small advantage: time. No need to buy in a panic because someone said, “Rate badh jayega.” Maybe it will. Maybe it won’t. But today’s late-morning trend does not scream hurry.
What To Compare Before Paying
Here is the practical bit most rate stories miss. A ₹200 or ₹500 movement in the gold rate may matter less than the shop’s making charges.
Before finalising the bill, buyers should compare:
- Gold rate used in the invoice
- Purity, such as 22K or 18K
- Making charges, fixed or percentage-based
- GST calculation
- Stone weight, if any
- exchange value for old gold
- BIS hallmark and HUID number
BIS says hallmarking officially records the proportion of precious metal in jewellery, and consumers can verify hallmarked gold through the BIS Care App using the “Verify HUID” feature. BIS also says consumers can get jewellery tested at recognised Assaying and Hallmarking Centres.
Gold staying steady gives buyers breathing room, not a discount guarantee. The smarter move today is to compare the final invoice, verify hallmarking, and ask clearly about every charge before swiping the card.
