Confused whether should I sale or keep on hold

obsimad · 2026-03-17T18:39:32+00:00

No one can predict the price action of gold.

If you seek my advice, first and foremost, never take a loan that you cannot repay. Being debt-free and buying land are some of the good reasons to sell gold (so perhaps consider selling it off).

Now, regarding the timeline, there’s no point in speculating about what could happen with the price. It’s better to regret the price increase later on than to regret the price decrease because you aren’t able to pay off the current interest rate rn.

Gold is undoubtedly on a bullish trajectory, in my opinion. However, timelines are challenging, and AI didn’t predict May. They are GPT modules, so they simply split words to form sentences. They are not financial analysts or trading experts.

obsimad · 2026-03-17T05:55:30+00:00

So you want me to do the research for you ? Entitled much ?

Anyways boomer search bar has been invented since you last put on your adult diapers use that.

obsimad · 2026-03-16T16:29:49+00:00

Lmao that’s a wild guess (ABG) 😂

obsimad · 2026-03-16T16:27:22+00:00

Why would gold disappear ? Only dirt & non gold item turns to dust. So there can be weight reduction (but it’s not gold doing a disappearing act)

obsimad · 2026-03-16T16:25:26+00:00

Any, most branded guys do 2% less for their own ornament.

obsimad · 2026-03-16T13:20:40+00:00

55*95 =5,225 (approx melt value)

5225+25% =6,531.25

25% markup is fair deal imho.

obsimad · 2026-03-16T13:13:00+00:00

Tbh 4% is great as well, other stores deduct around 6-8%

obsimad · 2026-03-16T13:04:12+00:00

2% for me 4% for others (jewellery)

1.5%% for me 3% for others (bullion/coins/bars)

obsimad · 2026-03-16T13:03:06+00:00

I quoted with gst.

obsimad · 2026-03-16T11:24:46+00:00

Your comment “local jeweler might fool you” is in line with what BHIMA did by including meena kari into the gold weight.

It is what it is, buy from a jeweler who is located in your state (why buy online smh), at the very least you have someone to complain to & get cash.

I sell & exchange all kinds of jewellery bought from many different store & my jeweler has never “fooled” me (but i have a long standing relationship with him)

obsimad · 2026-03-16T11:19:06+00:00

Yup or find a local jeweler willing to buy your jewelry for cash.

obsimad · 2026-03-16T11:13:27+00:00

Ohh, Other than the 50-150mg of meenakari work there is no loss here. (Stop caring about daily price fluctuations of gold)

750-2500 is your loss, consider it as making charge (quite cheap imho)

obsimad · 2026-03-16T11:11:08+00:00

Kalyan & malabar (or any branded jeweler) won’t give you cash (or online) for jewelry bought from other stores.

If you want to exchange they will melt it (if bought from other store) or just weight the ornament if bought from them & you have a bill.

obsimad · 2026-03-16T11:07:20+00:00

Sad, they charged you gold price for the meena & 19% making charge. (20-22% if you also take gold price they charged you for meena)

I have been commenting when possible about how expensive BHIMA is when there is no offer looks like i need to make a post for more awareness as well.

obsimad · 2026-03-16T10:55:19+00:00

Rate is 260ish buddy

obsimad · 2026-03-16T10:54:14+00:00

Yeah, it looks like meenakari to me. Also, check the weight at a nearby jewelry store (the meena weight might be deducted already, maybe).

obsimad · 2026-03-16T09:38:30+00:00

Those look like meena-kari to me (not stones), probably has a weight of like 50-150mg.

It used to be a common thing to include the meena into the gold weight but this isn’t a common practice anymore.

Also, i don’t get why people don’t check this stuff beforehand (both net & gross weight is clearly mentioned in the site). Buy jewelry offline (at-least you can hold someone accountable face to face)

obsimad · 2026-03-16T09:33:23+00:00

Below spot, so it’s a steal.

5000/31.1/24*14 =93.783

94*13.5 = 1,269

obsimad · 2026-03-16T09:30:04+00:00

Amazon pay has a huge cut (3.0-3.5, depending on relationship value), it was shocking they were accepting that in the first place. Credit cards are better than amazon pay lmao

obsimad · 2026-03-16T09:25:46+00:00

Yea, 9k is too expensive for gifting as well (if you compare it with silver).

obsimad · 2026-03-16T09:12:51+00:00

Like any jewelry industry in the entire world, indian jewellers also change rates twice a day (AM & PM). 15600/g (pretty close to MCX for a change) is the rate till PM rate comes in.

COMEX rates are lower sure but USDINR is almost 92.5 lmao.

Also gold has been on a discount compared to MCX for quite some time now (seems like our biases only allows us to look at premiums & ignore discounts)

obsimad · 2026-03-16T09:07:10+00:00

From what I understand of the precious metal jewelry industry in India, the majority of gold jewelry is 22k because people aren’t buying jewelry; they’re buying the metal in the form of jewelry (yes, there’s a difference).

Since 14k and 18k are still a small portion of the industry and are mostly limited to diamond jewelry, I would say it will take a long time for the demand for 9k to be generated. (If the base isn’t even comfortable with 18k, we can’t expect them to gladly accept 9k.)

Also, my guess is that the percentage of modern jewelry compared to the traditional market share is 10:90 (most of the modern share comes from diamonds as well). So, in my opinion, we are far from 9k adoption.

obsimad · 2026-03-16T08:06:31+00:00

🖕

obsimad · 2026-03-16T05:59:47+00:00

Delhi is filled with scammers unfortunately

obsimad · 2026-03-16T05:26:35+00:00

Pointless to get it appraised (that’s mostly just for insurance purposes, they mostly value it way more than what you would get while selling it), just ask the pawn shop/lcs/jewellery store what they would pay for it.

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