Exchange Old Gold From Any Jeweller in Nagpur — 0% Deduction on 22K and 24K
Bought your gold from Tanishq, Kalyan, Malabar, PC Jeweller, Joyalukkas, your family jeweller, or anywhere else? Londe Jewellers exchanges it at full value with the same 0% deduction policy.
Many Nagpur families have gold from a mix of sources — wedding sets from a chain like Tanishq or Kalyan, daily wear from a local jeweller, gifts from out of town, even gold coins from a bank or MMTC. When it is time to exchange, customers often discover that not every jeweller treats outside gold the same as their own.
Some showrooms quote a lower rate, apply higher deduction, or refuse the exchange entirely if the original invoice is from a competitor. That is not how it works at Londe Jewellers. Our policy is straightforward: any 22K or 24K gold, any original jeweller, same 0% deduction policy.
Why Source Should Not Matter — But Often Does
Gold purity is universal. A BIS hallmarked 22K bangle from Tanishq has exactly the same metal content as a BIS hallmarked 22K bangle from your local jeweller. The hallmark itself is a government-authorised assayer's certification — it does not change based on which showroom sold the piece originally.
Yet many Nagpur jewellers use the original-source as a lever to reduce your exchange value:
- Lower quoted rate if the gold is from a competitor — sometimes Rs. 100 to 250 per gram less.
- Higher deduction percentage applied to "outside" gold — claiming it needs more refining.
- Mandatory invoice from the original jeweller, otherwise treated as suspect-purity even if BIS hallmarked.
- Refusal to exchange at all — some smaller jewellers will only accept their own pieces.
What Londe Jewellers Accepts
| Original Source | Accepted at Londe? | Deduction on 22K / 24K |
|---|---|---|
| Tanishq jewellery (any showroom in India) | Yes | 0% |
| Kalyan Jewellers | Yes | 0% |
| Malabar Gold and Diamonds | Yes | 0% |
| PC Jeweller | Yes | 0% |
| Joyalukkas | Yes | 0% |
| Reliance Jewels, Senco, Tribhovandas Bhimji Zaveri | Yes | 0% |
| Local Nagpur jewellers (Rokde, Dass, Batukbhai, Sarafa Bazar pieces, etc.) | Yes | 0% |
| Family jeweller in another city or state | Yes | 0% |
| Gold coins from any bank, MMTC, India Government Mint | Yes | 0% |
| Imported gold (Dubai, Singapore, etc.) | Yes — XRF tested | 0% at tested purity |
| Inherited / heirloom gold (no invoice) | Yes — XRF tested | 0% at tested purity |
The XRF test happens in your presence. The karat reading is shown on screen. The full metal value at todays Nagpur rate is what we credit — same rate at which we sell new 22K and 24K gold today.
What You Need to Bring
- Your old gold — any condition. Broken, dated, mismatched, unworn — all eligible.
- Original invoice if you have it — speeds up the purity confirmation but is not mandatory.
- Photo ID — Aadhaar card and PAN for transactions above Rs. 2 lakh as per income tax rules.
You do not need a stack of paperwork for a routine exchange under Rs. 2 lakh. Walk in with the gold and a phone for UPI to pay any difference, and the full process from XRF test to tax invoice typically takes 25 to 40 minutes.
Real Customer Scenarios From Nagpur
Family from Civil Lines: 80g of 22K bridal jewellery purchased from Tanishq Mumbai 12 years ago. Brought to Londe Sitabuldi for exchange against a new bridal set. XRF confirmed 22K. Full Rs. 11,04,000 credited at todays rate. 0% deduction. Customer paid only the Rs. 4,80,000 difference for the new 130g bridal set.
Customer from Pratap Nagar: 5 pieces of 24K gold coins (10g each) — three from SBI, two from MMTC. Came to Londe Gokulpeth to convert into a gold chain for daughter's wedding. Total 50g of 24K credited at full rate. 0% deduction. New chain selected, paid only the difference plus making.
Senior couple from Manish Nagar: Heirloom 22K jewellery from grandmother — no invoice, no hallmark. Brought to Londe Manish Nagar with concern that the absence of paperwork would reduce value. XRF tested at 22.1K. Credited at the actual purity. 0% deduction. Used towards a modern lightweight design they would actually wear.
The Same Rate Promise — Both Directions
Apart from 0% deduction, the second thing that sets Londe apart is that we use the same prevailing Nagpur rate for both buying new gold and crediting old gold exchange. Most Nagpur jewellers run a Rs. 100 to Rs. 200 per gram spread between their buy and sell rates. Londe does not. Whatever rate you see today on our live gold rate page is the same rate we credit at the counter.
Related guides: Complete Gold Exchange Guide | Why Rates Vary Between Nagpur Jewellers | How Much Will I Get for My Old Gold