GOLD EXCHANGE BASICULLY METHOD OF YOU GIVE ME YOUR OLD GOLD AND I GIVE YOU PURE IN THAT OLD GOLD WITH SOME CHARGES.

 

Many factors are involved in the process of old gold exchange to new gold. The value of old gold ornament is determined based on three factors namely the weight of the gold, gold carat, and design. Where gold carat determines the purity of the gold, the most important factor in determining the old gold exchange rate. Pure gold or 24kt gold is often mixed with alloys such as copper to add strength and make the gold fit for use. Pure gold is malleable and breaks easily, hence, a part of gold is mixed with alloys to increase the shelf life. While 18kt gold is often preferred for gold ornaments for daily use, 22kt gold is a majorly used and preferred choice of gold. The weight of the gold is then calculated with respect to gold rates on the day of exchange and purity of gold. Weight and design play a pivotal role in deciding whether the gold is worthy of exchanging or not.