When you look at your friend’s finger and notice that elegant, lustrous piece of jewellery with a grand 25-carat diamond stone on top, what is the first thing you think of? “ Arrey Iska keemat kitna hoga” which translates to “How much would this have cost?
So, calculating the value of a gold ring in India, How is it done?!
How much does a gold ring cost in India? Let us examine the factors!
Also check out our article on understanding the returns on gold.
What influences the Calculation of the Value of Gold Rings in India?
When it comes to calculating the value of a gold ring, there are a few factors to consider.
Weight
Calculating the value of a gold ring in India depends on one of the most important and obvious factor, that is the weight of the gold used in the ring.
The price of gold fluctuates based on market conditions, so the cost of a gold ring will vary depending on the current price of gold.
However, as a general rule of thumb, the heavier the gold, the more expensive the ring will be.
Design
Calculating the value of a gold ring in India also depends on another factor that is the design and craftsmanship of the ring.
A simple, minimalist design will typically be less expensive than a more elaborate, ornate design.
Similarly, a ring that is handcrafted by a skilled artisan will be more expensive than a mass-produced ring.
Purity
The purity of the gold is also an important factor to consider while calculating the value of a gold ring.
Pure gold is 24 karat, but most gold jewellery is made from 18-karat gold or 14-karat gold. 18-karat gold is 75% pure gold, while 14-karat gold is 58.3% pure gold.
The higher the karat, the higher the gold content, and therefore the higher the price.
Medium of purchase
It’s also important to note that gold rings can be purchased at different places like a jewellery store, online store or a goldsmith.
Jewellery stores generally have a higher price than goldsmiths because they have to cover their operational costs as well. Online stores often have lower prices than both because they have lower operational costs.
Region
Furthermore, the price of gold rings may also vary based on the region of the country you are in. In general, gold rings will be more expensive in urban areas such as Mumbai or Delhi, compared to more rural areas.
How much is a Gold Ring going to Cost you?
Gold rings for women in India can vary greatly in price. Calculating the value of a gold ring in india depends on the weight, design, and purity of the gold used.
A simple, minimalist 18-karat gold ring weighing 2 grams can cost around Rs. 12,000, while a more elaborate, ornate 14-karat gold ring weighing 5 grams can cost around Rs. 35,000.
The Best Places to Buy your next Gold Ring
Here are some of the best options in India to buy your next Gold Ring:
Tanishq
Tanishq is one of the largest and most well-known gold jewellery brands in India. It is known for its exquisite designs, superior craftsmanship, and high-quality gold.
It offers a wide range of gold rings in various styles, designs, and price ranges.
Kalyan Jewellers
Kalyan Jewellers is another popular gold jewellery brand in India, known for its beautiful designs and quality craftsmanship.
It offers a range of gold rings for every occasion, from simple designs to elaborate and ornate pieces.
Malabar Gold and Diamonds
Malabar Gold and Diamonds is a leading gold jewellery brand in India, with a wide range of gold rings in various styles and designs.
It is known for its high-quality gold and intricate designs that cater to different tastes and budgets.
PC Jeweller
PC Jeweller is a well-known gold jewellery brand in India that offers a range of gold rings in traditional and contemporary designs.
It is known for its excellent craftsmanship, high-quality gold, and transparent pricing.
Joyalukkas
Joyalukkas is a popular gold jewellery brand in India, known for its exquisite designs and quality craftsmanship.
It offers a range of gold rings in different styles and designs, including simple bands and ornate designs with diamonds and other gemstones.
Senco Gold and Diamonds
Senco Gold and Diamonds is a popular gold jewellery brand in India that offers a range of gold rings in different styles and designs.
It is known for its high-quality gold and diamonds, and its commitment to transparency and fair pricing.
Conclusion
Gold rings are a popular choice for women in India, not only for their beauty and elegance but also for their cultural significance. Whether it’s for a special occasion such as a wedding or a religious ceremony, or simply as a fashion accessory, gold rings hold a special place in the hearts of many Indian women.
It’s important to keep in mind that the price of gold fluctuates based on market conditions, so the cost of a gold ring can vary over time.
Additionally, the price may also vary based on the region of the country you are in and the place where you are purchasing the ring. The value of a gold ring is calculated depending on various factors like weight, design, purity, medium of purchase etc.