Old gold exchange means trading gold you already own against a new piece at the day's live rate. Most jewellers in India subtract a percentage first, called wastage or refining loss. Londe Jewellers Gold & Diamonds in Nagpur deducts 0 percent on 22K and 24K from any jeweller, tests purity by XRF in front of you, and credits the full tested weight the same day.
Bring your old, broken, or outdated gold to any Londe Jewellers Gold & Diamonds store. Instant valuation, 0% deduction, and walk out the same day with stunning new jewellery.
Join the Londe Jewellers Gold & Diamonds Daily Gold Rate community. 22K, 24K and 18K rates delivered to your WhatsApp before 11 AM every day. Free. No spam.
| Jeweller type | Deduction on 22K old gold | Purity test method | Payout form | Original invoice needed |
|---|---|---|---|---|
| Branded national chain | Varies by chain. Ask for the percentage in writing before anything is weighed | Ask whether it is an XRF machine and whether you can watch the reading | Credit against a new piece from the same chain | Often asked for, and some counters quote differently when the piece was not bought there |
| Local Nagpur jeweller | Typically 5 to 12 percent, described as wastage or refining loss | XRF, or an acid and touchstone streak test which removes metal from the piece. Ask which one | Credit against a new piece | Varies by counter, ask for it in writing before you go |
| Bullion or cash for gold counter | Typically 3 to 6 percent below market, taken as dealer margin rather than a stated deduction | Varies by counter, ask in advance | Money. You leave with no jewellery | Varies by counter, ask for it in writing before you go |
| Londe Jewellers Gold & Diamonds | 0 percent on 22K and 24K, from any jeweller | XRF machine, in your presence, non destructive | Credit against any new piece the same day. Standalone payouts by bank transfer or UPI, never cash | Not needed for an exchange. Bring it if you have it |
Londe Jewellers Gold & Diamonds, Sitabuldi. Modi Number 2, opposite Datta Mandir, Sitabuldi, Nagpur 440012. Open 11 AM to 8:30 PM every day. Phone +91 90755 12053. The landmark is Variety Square, a short walk away, with Sitabuldi Fort and the Nagpur Railway Station both close by.
A routine valuation takes 25 to 40 minutes. Your gold is weighed on the counter scale and XRF tested while you watch, and you leave with a number in your hand. There is no charge and no obligation to buy. The same terms and the same hours run at our Gokulpeth, Manish Nagar and Nandanvan showrooms.
Old gold exchange at a jeweller means you hand over old jewellery and take its full metal value as credit against new jewellery the same day, at the same rate the shop is selling at. A bullion dealer or a cash for gold counter does something different: it buys the metal off you at a discounted buying rate, pays you money, and you leave with no jewellery. A gold loan does a third thing entirely: it lends money against the piece and holds it as security, so you still own the gold and you also owe a debt. Only the first of the three ends with you wearing something new, and only the first credits the full tested weight with no deduction.
| Old gold exchange at a jeweller | Bullion dealer or cash for gold counter | Gold loan | |
|---|---|---|---|
| What you hand over | Old jewellery, any condition, broken or dated | Old jewellery, coins or bars | Old jewellery, kept by the lender as security |
| What you walk out with | New jewellery, same day | Money | Money, and a debt |
| Do you keep the piece | No, it is credited and remade | No, it is sold | Yes, once the loan is repaid |
| Rate applied | The same rate the shop sells at that day, no separate lower buying rate | A discounted buying rate set by the dealer | A loan to value percentage, not a gold rate |
| Typical deduction | 10 to 20 percent at most jewellers. 0% at Londe Jewellers Gold & Diamonds on 22K and 24K | Refining and handling deducted from the payout | Interest plus processing charges |
| How you are settled | Credit against the new invoice, any balance by bank transfer or UPI | Commonly cash | Loan disbursal, repayable |
| Purity established by | XRF test at the counter, in front of you | The dealer's own assay | An appraiser's estimate |
The deduction number, stated plainly. Most jewellers deduct 10 to 20 percent of the weight of your old gold as wastage or refining loss before crediting it. Londe Jewellers Gold & Diamonds deducts 0 percent on 22K and 24K, so the credit is the full tested weight at that day's rate. There is no separate lower buying rate here: the same rate we are selling new jewellery at is the rate your old gold is credited at, and that holds whether the piece came from us or from any other jeweller in Nagpur or anywhere else in India.
How the money actually moves. Old gold is settled as credit against the new invoice, and any balance reaches your own account by bank transfer or UPI, never in cash. That is the working difference between a jeweller counter and a cash for gold shop, because every rupee leaves a record on both sides. Ask for the invoice to show the old gold credit as a separate line from the new purchase, since a single netted figure makes it impossible to check afterwards what rate your gold was actually credited at. GST is a flat 3% of the total invoice, charged once, and every piece you take home is BIS hallmarked with its HUID.
Where to exchange old gold in Nagpur. Bring the piece to any of the four Londe Jewellers Gold & Diamonds showrooms, all open 11 AM to 8:30 PM every day. It is XRF tested free at the counter in front of you, credited at 0% deduction on 22K and 24K, and you can choose new jewellery and walk out with it the same day. No bill and no hallmark on an inherited piece is normal and does not reduce what the machine reads.
If even 2 of these feel true, Londe Gold Exchange is made for you.
Londe Jewellers Gold Exchange accepts gold of any type. Visit any of our 4 stores. XRF purity test done right in front of you. 0% deduction. Choose from 10,000+ new designs. Walk out with new jewellery the same day.
Yes, I Want to Exchange My Gold!No paperwork. No hidden charges. Just a simple, transparent process.
Any type of gold: chains, bangles, coins, broken pieces. Any karat, any condition.
XRF machine tests purity in your presence. No hidden deductions. 100% transparent.
Choose from 10,000+ designs: gold, diamond, silver. Pick exactly what you love.
Just pay the making charges difference (if any). Same day exchange. No waiting.
Select weight and purity to get an instant value at today's live rate
Today's value of your gold
Deduction at Londe Jewellers
You Will Receive for New Jewellery
* Rates based on today's live market price. Exact rate confirmed at the store.
Bring gold in any condition. We accept everything and give full value.
Any weight, any condition
Accepted even if damaged or bent
Old fashioned mangalsutra, haar, all accepted
Any karat, any brand
Latest designs in 22K BIS hallmarked gold
Browse all gold jewelleryIGI certified natural diamonds in modern settings
Browse all natural diamond jewelleryExchange your old gold and get silver too
Explore the silver collectionMany families exchange old gold and then put the value into a monthly plan. You can route it into a gold saving scheme in Nagpur such as the Golden Locker, which books 22K gold at each deposit day's rate with 0% making charges at maturity. Buying in bulk for a company or function instead? See custom gold and silver coin gifting.
How gold exchange works at Londe, tap for sound
Things to take care of while exchanging your old gold, tap for sound
Why gold rates vary everywhere but not at Londe, tap for sound
The old gold exchange process, step by step, tap for sound
Other jewellers deduct 10 to 20 percent. We do not. You receive the full value of your gold, not a rupee less.
Our advanced XRF machine tests purity right in front of your eyes. No guesswork, no deception. 100% transparent. Not exchanging yet? Get a free jewellery valuation first.
No waiting. Come in the morning with your old gold and leave in the evening wearing new jewellery. Instant process.
Gold, diamond, silver, traditional, modern, bridal, daily wear. You will definitely find the design you love.
Gokulpeth, Sitabuldi, Manish Nagar, and Nandanvan. Visit the store nearest to you. Exchange available at all stores.
Three generations, serving Nagpur since 1989. 4.8 Google rating.
Real families. Real exchange. Real happiness.
My mother's old bangles and a broken chain had been sitting in the locker for 8 years. Londe tested them right there and gave full value. I walked out with a new necklace set. Zero deduction, I could not believe it!
Other jewellers were charging 15 to 18 percent deduction. A friend suggested Londe. They tested purity right in front of us and gave the full market rate. We exchanged 35 grams and got our daughter's bridal set. Best decision!
I had gold coins and some old earrings that I never wore. Londe exchanged everything in one hour. The staff showed me so many beautiful new designs. I saved Rs 15,000 compared to the other jeweller I visited!
Fill the form and our team will call you within 24 hours with today's gold rate and the full process. No obligation.
Every term below applies at all four Londe Jewellers Gold & Diamonds showrooms in Nagpur, on the same day, with no branch to branch variation.
| Term | What applies at Londe Jewellers Gold & Diamonds |
|---|---|
| Deduction on 22K and 24K gold | 0 percent |
| Karats accepted | 24K, 22K, 18K, 14K and any other purity, valued proportionally |
| Gold bought from another jeweller | Accepted on the same terms |
| Rate used for your old gold | The same prevailing Nagpur counter rate we sell at that day. There is no separate lower sell rate |
| How purity is established | XRF machine test, done in your presence, non destructive. No acid test and no estimate |
| Melting charge | None |
| Refining charge | None |
| Wastage charge | None |
| How you are paid | By bank transfer or UPI. Never in cash |
| Turnaround | Same day. You can choose new jewellery and walk out with it |
| Where it applies | All four Nagpur showrooms, open every day 11 AM to 8:30 PM |
The single question worth asking at any counter in Nagpur, ours included, is this: ask for the rate you are being credited at and the rate you are being sold at, written down side by side. If those two numbers differ, that gap is the real cost of the exchange, and it is usually larger than the making charge everyone argues about. To bring old gold in for a valuation with no obligation to buy, walk in to Sitabuldi, Modi Number 2, opposite Datta Mandir, 440012, 090755 12053. Gokulpeth, Plot No. 175, N Bazar Road, 440010, 084460 90383. Manish Nagar, Beltarodi Road, near Shanti Park, Besa, 440037, 080101 48427. Nandanvan, Tiranga Square Road, opposite Axis Bank, Azamshah Layout, 440024, 089564 82471.
Everything you need to know about gold exchange at Londe Jewellers Gold & Diamonds
Most Nagpur jewellers quietly take 8 to 20 percent off your old gold value. Londe Jewellers Gold & Diamonds does not. Here is what makes our gold exchange different, read it before you exchange anywhere else in Nagpur.
Most Nagpur jewellers run two rates at once: a higher purchase rate when you buy from them, and a lower sell rate when you exchange your old gold. The Rs. 100 to Rs. 200 per gram gap is a hidden margin you pay twice.
Londe Jewellers Gold & Diamonds uses one single prevailing Nagpur rate for both. The rate at which we sell new 22K or 24K gold today is the exact rate at which we credit your old 22K or 24K gold today. Same number, both directions, every customer.
Bring your 22K bridal set, 24K coin, or jewellery purchased from Tanishq, Kalyan, Malabar, PC Jeweller, Joyalukkas, your local family jeweller, or any showroom anywhere in India.
We test purity by XRF in your presence and apply zero deduction. No melting fee, no refining fee, no wastage charge. You get the full metal value at todays Nagpur rate.
Worked example: 100 grams of old 22K gold at Rs. 13,800 per gram
At Londe Jewellers Gold & Diamonds = Rs. 13,80,000 credit. At a typical Nagpur jeweller charging 10% deduction plus a Rs. 150 per gram sell rate spread = Rs. 12,28,500 credit. Difference: Rs. 1,51,500 in your favour at Londe. Same gold, same day, same Nagpur city.
Read the full gold exchange guide with step by step process and FAQs, or check the live Nagpur gold rate before you visit.
Do not let old gold collect dust in your locker. Exchange it for stunning new jewellery at 0% deduction. Visit any Londe Jewellers Gold & Diamonds store or chat with us on WhatsApp.
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