நாம் தங்கம் வாங்கும் போது எவ்வாறு ஏமாற்றப்படுகிறோம்

[Jokerr]

தங்கம் நமது அனைவரது வாழ்விலும் ஒரு இன்றியமையாத பொருளாக மாறிவிட்டது ஆனால் அதை நாம் வாங்கும் போது எவ்வாறு ஏமாற்றப்படுகிறோம் அதைப்பற்றி எனக்குத் தெரிந்தவரை இங்கே பகிர்ந்து கொள்கிறேன் ஒரு சவரன் அதாவது 8 கிராம் ஆபரண தங்கம் இதில் தங்கத்தை தவிர வெள்ளி செம்பு துத்துநாகம் இவை மூன்றும் கலக்கப்படுகின்றன .260Gms வெள்ளி .460Gms செம்பு .040Gms துத்துநாகம் (zinc)என்ற அளவில் கலக்கப்படுகின்றது ஆனால் நாம் மொத்தமாக தங்கத்தின் அளவிலேயே பணம் கொடுக்கின்றோம் ஆக இன்றைய நிலவரப்படி 1gm தங்கம் 8000 ரூபாய் என்று வைத்துக் கொள்வோம் இந்த 8000 ரூபாய் நகைக்கடை நேரடி லாபம் அடுத்து நாம் சேதாரம் என்ற விஷயத்துக்கு வருவோம் ஒன்று நாம் தெரிந்து கொள்ள வேண்டும் சேதாரம் என்று ஒன்று கிடையவே கிடையாது எந்த ஒரு உலோகமும் அதுவும் தங்கம் போன்ற விலை உயர்ந்த உலோகம் சீதாராம் ஆவதில்லை அதன் வடிவு மட்டுமே மாறும் சிறிய துகள்களாக மாறும் இந்தத் துகள்களை யாரும் விட்டு வைப்பதில்லை இவை அனைத்தையும் ஒன்றாக்கி மற்றொரு ஆபரணம் செய்யும் போது கலைந்து விடுவார்கள் ஆக சேதாரம் என்பது நம்மிடம் அடிக்கப்படும் கொள்ளையே நாம் ஒரு தங்க சங்கிலி வாங்குகிறோம் என்று வைத்துக் கொள்வோம் அதற்கு 5% முதல் 7% வரை செய்தாராம் நம்மிடம் வாங்குகிறார்கள் எட்டு கிராம் தங்கத்தில் ஐந்து சதவீதம் சேதாரம் என்றால் .4gms

 

[Jokerr]

ஆக இந்த .4 grams கடைக்காரருக்கு லாபம் இது தவிர செய்கூலி நம்மிடம் வாங்குகிறார்கள் ஆக ஒரு பவுன் நகை வாங்கினால் கடைக்காரருக்கு பன்னிரண்டாயிரம் ரூபாய் லாபம் கிடைக்கின்றது அதாவது 25 சதவீதத்திற்கு மேல் லாபம் ஈட்டுகின்றார்கள் நாம் அவர்களிடம் எந்த பேரமும் பேசுவதில்லை இதை பதிவு செய்ய விரும்பினேன் பதிவுகளில்

 

[Jokerr]

நான் இங்கு லாபம் என்று குறிப்பிடுவது நம் கண்ணுக்குத் தெரியாமல் அவர்களை சென்றடையும் லாபம் இதைத் தவிர அவர்களது லாபம் என்று ஒன்று உண்டு அதுவும் இதே 25 சதவீதம் உண்டாகும் ஆக மொத்தம் ஒரு நகை விற்பனையில் 50 சதவீதம் லாபத்தை பார்க்கிறார்கள் நகை விற்பனையாளர்கள் இது என்னுடைய கணிப்பு இதில் மாற்று கருத்து ஏதேனும் முண்டங்கில் தங்களுடைய கருத்துக்களை தெரிவிக்கலாம்

 

[Titanium]

தங்கம் நமது அனைவரது வாழ்விலும் ஒரு இன்றியமையாத பொருளாக மாறிவிட்டது ஆனால் அதை நாம் வாங்கும் போது எவ்வாறு ஏமாற்றப்படுகிறோம் அதைப்பற்றி எனக்குத் தெரிந்தவரை இங்கே பகிர்ந்து கொள்கிறேன் ஒரு சவரன் அதாவது 8 கிராம் ஆபரண தங்கம் இதில் தங்கத்தை தவிர வெள்ளி செம்பு துத்துநாகம் இவை மூன்றும் கலக்கப்படுகின்றன .260Gms வெள்ளி .460Gms செம்பு .040Gms துத்துநாகம் (zinc)என்ற அளவில் கலக்கப்படுகின்றது ஆனால் நாம் மொத்தமாக தங்கத்தின் அளவிலேயே பணம் கொடுக்கின்றோம் ஆக இன்றைய நிலவரப்படி 1gm தங்கம் 8000 ரூபாய் என்று வைத்துக் கொள்வோம் இந்த 8000 ரூபாய் நகைக்கடை நேரடி லாபம் அடுத்து நாம் சேதாரம் என்ற விஷயத்துக்கு வருவோம் ஒன்று நாம் தெரிந்து கொள்ள வேண்டும் சேதாரம் என்று ஒன்று கிடையவே கிடையாது எந்த ஒரு உலோகமும் அதுவும் தங்கம் போன்ற விலை உயர்ந்த உலோகம் சீதாராம் ஆவதில்லை அதன் வடிவு மட்டுமே மாறும் சிறிய துகள்களாக மாறும் இந்தத் துகள்களை யாரும் விட்டு வைப்பதில்லை இவை அனைத்தையும் ஒன்றாக்கி மற்றொரு ஆபரணம் செய்யும் போது கலைந்து விடுவார்கள் ஆக சேதாரம் என்பது நம்மிடம் அடிக்கப்படும் கொள்ளையே நாம் ஒரு தங்க சங்கிலி வாங்குகிறோம் என்று வைத்துக் கொள்வோம் அதற்கு 5% முதல் 7% வரை செய்தாராம் நம்மிடம் வாங்குகிறார்கள் எட்டு கிராம் தங்கத்தில் ஐந்து சதவீதம் சேதாரம் என்றால் .4gms

English la solla mudiyuma? Padhi than purinjadhu :/ i really wanna know :/ few years munnadi I tried to buy a gold chain using old ones adhula they took lots of money kooli sedharam solli onnume purila but bought it felt like I was scammed.

 

[Jokerr]

never exchange your old ornaments the quality of gold which is in old gold is not the sane in the new one the mixture combination of other materials like silver copper and zinc are more and more is copper we pay the amount for gold but what we get is copper and wastage 5 to 7 % is really cheating and we can ask the shop owner give the wastage gold but reply we get is its wastage so they can't but ultimately there is no wastage that's what I am trying to tell

 

[Titanium]

never exchange your old ornaments the quality of gold which is in old gold is not the sane in the new one the mixture combination of other materials like silver copper and zinc are more and more is copper we pay the amount for gold but what we get is copper and wastage 5 to 7 % is really cheating and we can ask the shop owner give the wastage gold but reply we get is its wastage so they can't but ultimately there is no wastage that's what I am trying to tell

But if you want an exchange done to buy a new one at the shop in real time and asking for the wastage back, wouldn't it take time? Coz I remember wanting to see the wastage and they did show me something but couldn't understand :/ But thanks for this information you have provided and I'll be more careful the next time around. And also heard the old gold jewellery are more real and valuable than the ones you get these days. Thanks for this very informative post

 

[Balan72]

Its a set up we live in. In this country, this has become the norm of claiming wastages in the bill legitimately - which though tagged as wastage but actually it is making charges and overheads plus inventory carrying cost. Now blaming the jewellers alone is incorrect. I am listing the immoral side of the customers / buyers.

(1) Making gold into an ornament is a heavily labour intensive work - not any simple labour but it involves highly skilled workmanship. I am not even counting the designing here which is very very important in bringing the final product. The making charges mostly depends on the complexity of the design but the workmanship is involved in each gram that goes into the jewel. So complex designs take more workmanship so more wage and simpler designs take lesser wages. You may see the same reflecting in wastages too. Making charge would be relative to the work involved so it may take 5 to 8% of the grammage cost of material.

(2) The king customer walks into the jewellers outlet and he need to be received by staff, greeted and shown many many designs before he chooses one piece. Now here what about the shop overhead such as rent for the place which is usually placed spot on a main bazzar, the Air conditioning, the safe storage of those jewels, the staff that attend and show all the designs? Would the customer king be satisfied if the jeweller only shows 3 or 4 pieces and ask to select from those? Each has their own liking and the design offered will have to wait till it is seen by the king who like that piece.

3. As those pieces are sitting into the chest for months before being liked by some customer king, the material cost - gold bought and used to make that ornament and the making charges paid to the gold smith incurs interest say for 4 to 6 months - i.e., half years practical rate of interest becoz bankers rate of interest isn't applicable as it will not be practicable to fund working capital from bankers loan. That may work out to 12-14% pa which for half year is about 6-7%.

All these added together makes a 14% to 22% wastage with zero making charge depending on the design complexity.

Alternative model:
If the king customers are okey with browsing the designs in paper and confirms order by paying some advance, the jeweller is going to get the job done and verifies quality finish and hand over the jewel to the king customer who ordered.

In this case, the jewel could be delivered without wastage, no inventory carrying cost as the stock is delivered immediately thereby a good 7% is saved plus risk of not selling is avoided. But the reasonable making charge and profit should be borne by the customer king. Of course nothing comes for free.

Are the customers kings are honest enough to take the alternative of browsing the design in book, select and pay an advance and honestly pay for the making charges?

வாணிபம் செய்வார்க்கு வாணிபம் பேணி
பிறவும் தமபோற் செயின்

 

[Titanium]

Its a set up we live in. In this country, this has become the norm of claiming wastages in the bill legitimately - which though tagged as wastage but actually it is making charges and overheads plus inventory carrying cost. Now blaming the jewellers alone is incorrect. I am listing the immoral side of the customers / buyers.

(1) Making gold into an ornament is a heavily labour intensive work - not any simple labour but it involves highly skilled workmanship. I am not even counting the designing here which is very very important in bringing the final product. The making charges mostly depends on the complexity of the design but the workmanship is involved in each gram that goes into the jewel. So complex designs take more workmanship so more wage and simpler designs take lesser wages. You may see the same reflecting in wastages too. Making charge would be relative to the work involved so it may take 5 to 8% of the grammage cost of material.

(2) The king customer walks into the jewellers outlet and he need to be received by staff, greeted and shown many many designs before he chooses one piece. Now here what about the shop overhead such as rent for the place which is usually placed spot on a main bazzar, the Air conditioning, the safe storage of those jewels, the staff that attend and show all the designs? Would the customer king be satisfied if the jeweller only shows 3 or 4 pieces and ask to select from those? Each has their own liking and the design offered will have to wait till it is seen by the king who like that piece.

3. As those pieces are sitting into the chest for months before being liked by some customer king, the material cost - gold bought and used to make that ornament and the making charges paid to the gold smith incurs interest say for 4 to 6 months - i.e., half years practical rate of interest becoz bankers rate of interest isn't applicable as it will not be practicable to fund working capital from bankers loan. That may work out to 12-14% pa which for half year is about 6-7%.

All these added together makes a 14% to 22% wastage with zero making charge depending on the design complexity.

Alternative model:
If the king customers are okey with browsing the designs in paper and confirms order by paying some advance, the jeweller is going to get the job done and verifies quality finish and hand over the jewel to the king customer who ordered.

In this case, the jewel could be delivered without wastage, no inventory carrying cost as the stock is delivered immediately thereby a good 7% is saved plus risk of not selling is avoided. But the reasonable making charge and profit should be borne by the customer king. Of course nothing comes for free.

Are the customers kings are honest enough to take the alternative of browsing the design in book, select and pay an advance and honestly pay for the making charges?

வாணிபம் செய்வார்க்கு வாணிபம் பேணி
பிறவும் தமபோற் செயின்

He was talking abt the impurity of the gold jewellery as well. The metal that are added additionally to make and sell it as 22k and pay the full price of the current rate. I think that comes under the category of scamming.
I think any kinda business needs pleasing, advertising, welcoming, etc to run it. That's how business world works. And the king customers are not always millionaires they could be just poor class or middle class ppl and it's their hard earn money. So when they buy something big like gold they would like to check the quality of the products, the design etc whatever is involved in it and to be treated like a king and I find nothing wrong in it.

 

[Agnii]

Its a set up we live in. In this country, this has become the norm of claiming wastages in the bill legitimately - which though tagged as wastage but actually it is making charges and overheads plus inventory carrying cost. Now blaming the jewellers alone is incorrect. I am listing the immoral side of the customers / buyers.

(1) Making gold into an ornament is a heavily labour intensive work - not any simple labour but it involves highly skilled workmanship. I am not even counting the designing here which is very very important in bringing the final product. The making charges mostly depends on the complexity of the design but the workmanship is involved in each gram that goes into the jewel. So complex designs take more workmanship so more wage and simpler designs take lesser wages. You may see the same reflecting in wastages too. Making charge would be relative to the work involved so it may take 5 to 8% of the grammage cost of material.

(2) The king customer walks into the jewellers outlet and he need to be received by staff, greeted and shown many many designs before he chooses one piece. Now here what about the shop overhead such as rent for the place which is usually placed spot on a main bazzar, the Air conditioning, the safe storage of those jewels, the staff that attend and show all the designs? Would the customer king be satisfied if the jeweller only shows 3 or 4 pieces and ask to select from those? Each has their own liking and the design offered will have to wait till it is seen by the king who like that piece.

3. As those pieces are sitting into the chest for months before being liked by some customer king, the material cost - gold bought and used to make that ornament and the making charges paid to the gold smith incurs interest say for 4 to 6 months - i.e., half years practical rate of interest becoz bankers rate of interest isn't applicable as it will not be practicable to fund working capital from bankers loan. That may work out to 12-14% pa which for half year is about 6-7%.

All these added together makes a 14% to 22% wastage with zero making charge depending on the design complexity.

Alternative model:
If the king customers are okey with browsing the designs in paper and confirms order by paying some advance, the jeweller is going to get the job done and verifies quality finish and hand over the jewel to the king customer who ordered.

In this case, the jewel could be delivered without wastage, no inventory carrying cost as the stock is delivered immediately thereby a good 7% is saved plus risk of not selling is avoided. But the reasonable making charge and profit should be borne by the customer king. Of course nothing comes for free.

Are the customers kings are honest enough to take the alternative of browsing the design in book, select and pay an advance and honestly pay for the making charges?

வாணிபம் செய்வார்க்கு வாணிபம் பேணி
பிறவும் தமபோற் செயின்

This one is beautifully articulated... Explains why jewellers put a mark-up on gold price... This is essential for them to sustain in their business... Also there is always a demand for gold jewellery... Ppl are willing to pay that extra price for the designs they like

For the ones who are not attracted so much on jewellery but considering gold as investment have many options like Gold ETFs or Gold coins... Accumulating gold in such forms ensures fair market value of Gold

 

[Balan72]

who are not attracted so much on jewellery but considering gold as investment have many options like Gold ETFs or Gold coins...

Thats perfect option for plain investment. Sans ornamental extravaganza.

 

[Balan72]

He was talking abt the impurity of the gold jewellery as well. The metal that are added additionally to make and sell it as 22k and pay the full price of the current rate. I think that comes under the category of scamming.

Nooo. Its not.
They are charging only the price of such mixed gold at 22 carat price not the pure 24 carat price. You may arrive at the 22 carat price from the current spot rate which is traded for pure gold that is 24 carat. The conversion factor being 0.916.

If only they weigh the 22 carats mixed with copper zinc etc. and charge at 24 carat price, its fraud. Billing at reduced rate is correct only. Kindly verify.

 

[Titanium]

Nooo. Its not.
They are charging only the price of such mixed gold at 22 carat price not the pure 24 carat price. You may arrive at the 22 carat price from the current spot rate which is traded for pure gold that is 24 carat. The conversion factor being 0.916.

If only they weigh the 22 carats mixed with copper zinc etc. and charge at 24 carat price, its fraud. Billing at reduced rate is correct only. Kindly verify.

Oh Ok. I know gold is a hard metal to make jewellery out of it so they had to add copper, I knew that before. But these days you do get 24c gold jewellery and hope its pure. What do you think about the quality? Heard from many that gold jewellery from decades ago is better than the gold we buy these day? Is it true?

 

[Balan72]

I think any kinda business needs pleasing, advertising, welcoming, etc to run it. That's how business world works. And the king customers are not always millionaires they could be just poor class or middle class ppl and it's their hard earn money. So when they buy something big like gold they would like to check the quality of the products, the design etc whatever is involved in it and to be treated like a king and I find nothing wrong in it.

Absolutely. Nothing wrong in it. Such a treatment involves cost. A coffee in roadside shop costs ₹15 whereas the same or a little variation of that when served at ccd is billed at ₹600 or so. That amenities costs are added in the bill thats all.

Expecting jewel with zero making charge is atrocious on the part of customers. Its like every other business. The inventory carrying cost is added into the product price. Not that that piece interest to that piece price. Becoz if some unique design stays non moving for long, it will loom large interests so its absorbed into product costs.

Here i want to cite what jewellers also honestly waive wastage upto certain percentage if the customers pay monthly chit. Since they fund the working capital, the inventory carrying cost i.e., is waived and they just bill the cost of gold. In this cases the jewellers may loose the making charges they paid to the gold smith.

Anyways, letting the trade go straight with making charges and no wastages would be a welcome practice. The substance of my argument is its not plain loot, but other costs disguised as wastage. It was an approximation. Otherwise to lure innocent non techincal customers they tell zero making charges and tuck in all costs and profits into the term wastage.

 

[Balan72]

Oh Ok. I know gold is a hard metal to make jewellery out of it so they had to add copper, I knew that before. But these days you do get 24c gold jewellery and hope its pure. What do you think about the quality? Heard from many that gold jewellery from decades ago is better than the gold we buy these day? Is it true?

Yes partially correct. 22 carat is a standard mix of 11:1. The mix again depends on the jewel they intend to make. For example diamond jewels are made with 18 carat gold only. Some do with 14 carat because the importance is in strength to hold the diamond strong as diamond is much much more pricy than gold. By having a pure 23:1 ratio mix, the malleable metal will loose the precious stone. So they don't make with 23 or more.

Yes some old jewels are made with 23+ purity because in those days gold was relatively cheaper and they made the jewel solid so strength would be maintained unlike now, jewel design are mostly hollow which is not suited for thin malleable sheets of gold.

 

[Balan72]

I know gold is a hard metal to make jewellery out of it so they had to add copper, I knew that before.

On the contrary, gold is soft and highly malleable metal. For making it hard the goldsmith has to add more and more copper. So diamond jewels are made with 18 carat / 14 carat gold so that they can be assured of that strong gold holding the diamonds / precious stones safely without letting go.

The more the carat, the lesser the strength of that jewel. That's the physics of gold as metal or mixed with copper and zinc becomes an alloy so to say.

 

[Balan72]

But if you want an exchange done to buy a new one at the shop in real time and asking for the wastage back, wouldn't it take time? Coz I remember wanting to see the wastage and they did show me something but couldn't understand :/

I think you are mixing up things here.
The invisible wastage that was charged at the time of buying is to cover other costs overheads and profits as i explained in my reply post.

Whereas while you are trying to sell your old jewel in a shop, what wastage are you talking about? Kindly clarify.

As for purity of the gold in your old jewels, no loss for you. They will burn that and melt before your very eyes, take off copper etc and take pure gold and its measured precisely to its micro gram and they pay at current spot rate. No cheating there unless you are naive. Don't worry.

 

[Balan72]

What is 916 kdm

Kdm refers to cadmium. That metal is not healthy so banned by bureau of indian standards. So other metals like zinc and copper are used for mending the alloy to make jewel.

22 carat is 916??

Yesss. Plain mathematics. 22/24 is 0.916

?? In biscuits and coins 24 carat they have written

Yes the gold biscuits / bars from the mines are minted with 0.9999 purity. Its almost 24 carats. That is the commodity market traded spot price. That price if you multiply by 0.916 you will get 22 carat rate. That simple.

 

[Jokerr]

to balans message correct me if I am wrong the price we pay for ornaments which is mixed with copper zinc and silver where copper takes the majority among above metals for mixing but we are charged for the entire as gold rate only second thing marker fluctuations where the gold being purchased at an economical rate and stored I accept the inventory cost but when it has gone sky rocket price what happens to the profit 3 rd thing yes Customers are king size whether a gold shop or thatukadai idli shop they are being treated with high esteem and because of them only the business runs and u make profit but me posted this topic related to yesterday's topic on உண்மை சம்பவம் where we bargain with road side vendors who make a few penny's as profit rather we don't bargain much when we buy a jewelery .
4th point I accept making charges take hard workmanship as labour Do you think they will run their business of making gold jewelry free of service or with any margin or income I accept earlier days machines were not available to make gold stings fir ornaments but now more or off machinery designs and machine made and the cost included in the gold jewelry nothing comes free we know that and as far as wastage no metal is wasted its being recycled when it becomes as powders nothing will be left out so easily as far as my knowledge and that's being charged as wastage which customer pays

 

[Balan72]

price we pay for ornaments which is mixed with copper zinc and silver where copper takes the majority among above metals for mixing but we are charged for the entire as gold rate only

No sir. Sorry you got it wrong.
Copper zinc is not majority. Its mixed at the ratio of 11 gold : 1 copper zinc etc. So only this BIS hallmarking 916 is made. And the jewellers wont charge at pure gold rate. They charge only at 916 rate which is 91.6% of the spot gold rate. Kindly check it anywhere.

second thing marker fluctuations where the gold being purchased at an economical rate and stored I accept the inventory cost but when it has gone sky rocket price what happens to the profit

That's speculation. The price goes up and falls down. Few times it fell. But mostly it rises. Sudden shoot of price becomes his profit. Would we sell old jewel at old rate because we bought at cheap rate?

3 rd thing yes Customers are king size whether a gold shop or thatukadai idli shop they are being treated with high esteem

I used the word customer is the king to show that the choices customers want while selecting. With these high prices, making and storing large amount of inventory of finished goods becomes a necessity of the jewellery business. A shop cannot run with 8 chains; 12 rings: 4 necklaces, 20 ear ring sets. The stock turnover is slow and it costs huge interest as it lock so much working capital. Where to recover that from?

and as far as wastage no metal is wasted its being recycled when it becomes as powders nothing will be left out so easily as far as my knowledge and that's being charged as wastage which customer pays

Thats common knowledge. Real invisible wastage is not even 0.001%. Its just named as wastage but actually it is making charges, inventory cost aka interest on working capital locked and overheads and profit. That simple. (Okey i am not a jeweller)

 

[Goodfriendforyou]

Once you lose jewelry, it is very difficult to get it back.