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Gold Making Charges in Nagpur, Itwari Sarafa Bazaar vs Branded Jewellers

A working comparison of per gram and percentage making charges across Itwari Sarafa Bazaar workshops and branded Nagpur showrooms. Every rupee figure on this page is recalculated from the live Nagpur 22K counter rate, today Rs. 14,360 per gram.

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Making charges are the single biggest hidden cost in a Nagpur gold purchase. The metal rate is fixed by the IBJA Maharashtra benchmark every morning and is identical across every jeweller in the city. The making charge is where Itwari Sarafa Bazaar workshops, mid market branded jewellers, and large national chains quietly diverge by Rs. 200 to Rs. 1,000 per gram on the same design.

This guide breaks down the actual making charge bands you should expect across three buying channels in Nagpur, with worked examples on a 30 gram bridal mangalsutra and a 12 gram daily chain, and the five questions you must ask before signing a bill anywhere.

The Three Buying Channels in Nagpur

Almost every gold purchase in Nagpur happens through one of three channels. Each has its own making charge logic.

  • Itwari Sarafa Bazaar workshops, lane shops at Bapurao Galli, Mahal, and Nikalas Mandir Road. Family run karigari units that quote per gram in rupees, often verbally, with low overheads.
  • Branded Nagpur showrooms, established multi store jewellers in Sitabuldi, Dharampeth, Gokulpeth and Manish Nagar that quote percentage based making charges on the invoice and carry BIS hallmarked, HUID stamped stock.
  • National chain showrooms, Tanishq, Kalyan, Malabar, PC Jeweller, Joyalukkas branches in Nagpur. Percentage based making, premium retail experience, marketing overhead built into the charge.

Making Charge Bands by Channel and Design Type

Design Type Itwari Bazaar Workshop Branded Nagpur Showroom National Chain Showroom
Plain chain, simple bangle 4% to 8% (Rs. 574 to Rs. 1,149 per gram) 8% to 12% (Rs. 1,149 to Rs. 1,723 per gram) 12% to 18% (Rs. 1,723 to Rs. 2,585 per gram)
Plain mangalsutra (Vati, single Lalita) 6% to 10% (Rs. 862 to Rs. 1,436 per gram) 10% to 14% (Rs. 1,436 to Rs. 2,010 per gram) 14% to 22% (Rs. 2,010 to Rs. 3,159 per gram)
Designer earring, light bangle set 8% to 14% (Rs. 1,149 to Rs. 2,010 per gram) 12% to 18% (Rs. 1,723 to Rs. 2,585 per gram) 18% to 26% (Rs. 2,585 to Rs. 3,734 per gram)
Heavy designer work, Kolhapuri Saaj 11% to 18% (Rs. 1,580 to Rs. 2,585 per gram) 15% to 22% (Rs. 2,154 to Rs. 3,159 per gram) 22% to 30% (Rs. 3,159 to Rs. 4,308 per gram)
Bridal set, heavy karigari, antique finish 14% to 22% (Rs. 2,010 to Rs. 3,159 per gram) 18% to 26% (Rs. 2,585 to Rs. 3,734 per gram) 26% to 35% (Rs. 3,734 to Rs. 5,026 per gram)
Diamond studded gold work Rarely available with stones set 16% to 24% plus stone cost 24% to 35% plus stone cost

Percentage bands are the fixed quantity here and every rupee figure is derived from the live Nagpur 22K counter rate of Rs. 14,360 per gram, recalculated daily, so the two can never drift apart. Branded bands are the published Londe Jewellers slab. Itwari bazaar is shown as the branded band less 4 percentage points, which is Rs. 574 per gram at today's rate, the working discount observed across 12 months of Nagpur invoices. National chain charges include the marketing and rental overhead common to multi state chains.

Londe

Worked Example 1, a 30 Gram Maharashtrian Vati Mangalsutra

A 30 gram Vati mangalsutra is the most commonly bought wedding piece in Nagpur. At today's Nagpur 22K counter rate of Rs. 14,360 per gram the gold value is Rs. 4,30,800 in every showroom, bazaar or branded. The making charge is the only line where the bill diverges.

Channel Making Per Gram Making Total Final Bill (with GST 3% on total)
Itwari Bazaar workshop, 8% typical Rs. 1,149 Rs. 34,470 Rs. 4,79,228
Branded Nagpur showroom, Londe Jewellers typical Rs. 1,723 (12%) Rs. 51,690 Rs. 4,96,965
National chain, 18% typical Rs. 2,585 (18%) Rs. 77,550 Rs. 5,23,601

The Itwari bazaar version is the cheapest on paper. The branded version costs Rs. 17,737 more. The national chain costs Rs. 44,373 more than the bazaar and Rs. 26,636 more than the branded option.

What the bazaar saves on making charge, it usually trades on three other things: BIS HUID stamping (often missing on smaller workshop pieces), purity certification (verbal assurance instead of XRF tested invoice), and resale or exchange value (bazaar pieces are frequently quoted at a deduction when exchanged at branded showrooms). The Rs. 17,737 branded premium is the price of a HUID stamped, purity tested, 0% deduction lifetime exchange policy.

Worked Example 2, a 12 Gram Daily Wear Gold Chain

A 12 gram plain chain is the most commonly bought daily piece in Nagpur. At Rs. 14,360 per gram the gold value is Rs. 1,72,320 in every showroom.

Channel Making Per Gram Making Total Final Bill (with GST 3% on total)
Itwari Bazaar workshop, 6% typical Rs. 862 Rs. 10,344 Rs. 1,88,144
Branded Nagpur showroom, Londe Jewellers typical Rs. 1,436 (10%) Rs. 17,232 Rs. 1,95,239
National chain, 14% typical Rs. 2,010 (14%) Rs. 24,120 Rs. 2,02,333

On a plain daily chain the gap narrows to Rs. 7,095 between Itwari bazaar and branded Londe, and Rs. 14,189 to national chain. For daily wear, where you will likely never resell or exchange the piece, the bazaar is often the rational choice if you can verify BIS HUID and weight. For bridal or investment pieces, the branded option pays for itself the first time you exchange or upgrade.

Five Questions to Ask Before You Sign Any Gold Bill in Nagpur

  1. Is this BIS hallmarked and what is the HUID number on this piece? Genuine BIS hallmarking comes with a unique six character HUID stamped on the piece itself. No HUID, no hallmark.
  2. Is the making charge per gram in rupees or a percentage of the gold value? Both are legitimate. The risk is when one is quoted verbally and the other appears on the bill. Ask for the exact figure that will appear and ask to see it in writing before the piece is weighed.
  3. What is the exchange policy if I bring this piece back in 5 years? Branded jewellers like Londe Jewellers Gold and Diamonds exchange at 0% deduction on 22K and 24K, at the same prevailing Nagpur rate, regardless of where the gold was originally bought. Bazaar workshops rarely offer formal exchange policies.
  4. Is the making charge negotiable on this design? On simple designs (plain chains, bangles) most jewellers in all three channels have flexibility of about 2 to 3 percentage points, which is Rs. 287 to Rs. 431 per gram at today's rate. On heavy designer work and bridal sets the karigari labour cost is genuine and the room to negotiate is smaller.
  5. What does the final invoice show as separate line items? A clean bill shows: gold weight in grams, gold rate per gram, gold value, making charge per gram, making total, and GST at 3 percent on the total invoice value. If any of these are bundled or missing, ask for itemisation.
Londe

How Londe Jewellers Prices Making Charges

Londe Jewellers Gold and Diamonds publishes a clear making charge ladder visible on every making charges page and on every invoice across all four Nagpur showrooms (Sitabuldi, Gokulpeth, Manish Nagar, Nandanvan).

  • Plain designs (chains, bangles, simple mangalsutras), 8% to 12%.
  • Designer work (earrings, light necklaces, designer bangle sets), 12% to 18%.
  • Heavy bridal sets, Kolhapuri Saaj, Vati bridal with karigari, 18% to 26%.
  • Diamond studded gold work, 16% to 24% on gold plus stone cost separately.
  • 0% making charge on 24K gold coins and bars (investment grade only).

Every Londe invoice prints the gold weight, the prevailing Nagpur rate (same rate as our live gold rate page), the making charge as both a percentage and a rupee per gram figure, and GST as a separate line at 3 percent on the total invoice value. Any old gold brought against the new purchase is credited at 0% deduction on 22K and 24K from any jeweller in India, at the same rate, with full XRF testing in customer presence.

This is the same policy in writing on every Londe bill since 1989. Verify it on your next visit at any of the 4 Nagpur showrooms.

Frequently Asked Questions

On a per gram basis, yes. Itwari Sarafa Bazaar workshops typically sit about 4 percentage points below branded showrooms on the same design, which is Rs. 574 per gram at today's Nagpur 22K rate of Rs. 14,360 per gram. The trade off is HUID stamping (often missing on workshop pieces), formal purity testing on a karat meter, and a documented exchange policy. For investment grade and bridal purchases that Rs. 574 per gram premium at a branded showroom buys those three protections. Londe Jewellers Gold and Diamonds quotes the same slab at all four Nagpur showrooms, 11 AM to 8:30 PM.

At today's Nagpur 22K counter rate of Rs. 14,360 per gram the typical making charge bands are: Itwari bazaar 4% to 22%, which is Rs. 574 to Rs. 3,159 per gram; branded Nagpur showrooms 8% to 26%, which is Rs. 1,149 to Rs. 3,734 per gram; national chain showrooms 12% to 35%, which is Rs. 1,723 to Rs. 5,026 per gram. Plain chains sit at the lower end of each band. Bridal Kolhapuri Saaj and heavy designer work sits at the higher end. Londe Jewellers Gold and Diamonds publishes this slab in writing at Modi Number 2, Opposite Datta Mandir, Sitabuldi, Nagpur, open 11 AM to 8:30 PM.

On plain and lighter designs there is usually flexibility of roughly 2 to 3 percentage points, which is Rs. 287 to Rs. 431 per gram at today's rate, across most Nagpur branded showrooms, especially during wedding season (October to March) or festive promotions (Akshaya Tritiya, Diwali, Gudi Padwa). On heavy designer work and bridal sets the karigari labour cost is genuine and the negotiation room shrinks. Londe Jewellers Gold and Diamonds runs scheme based making charge waivers periodically, listed on the Golden Tree monthly plan page.

Diamond studded gold work involves additional karigari steps that plain gold does not: prong setting, channel setting, pave setting and quality control on each stone. Each setting is hand finished on the piece, which adds 4 to 10 percentage points on top of the plain gold making charge. At Londe Jewellers Gold and Diamonds the diamond making charge is 16 to 24 percent on the gold component, with the IGI or GIA certified stone priced separately on the invoice.

When you exchange old gold at Londe Jewellers Gold and Diamonds Nagpur, the old gold is credited at 0% deduction on 22K and 24K at the same prevailing Nagpur rate from any jeweller in India. The new piece you buy in exchange carries the standard making charge for that design category (8% to 26%) on the new gold component. There is no making charge double dip. If you exchange 30 grams of old gold and buy 30 grams of new gold of the same design, you only pay making on the new piece, never on the value exchanged.

The absolute lowest making charge for 22K gold in Nagpur is on plain machine made gold chains at Itwari Sarafa Bazaar, roughly 4% to 8% of gold value, which is Rs. 574 to Rs. 1,149 per gram at today's rate of Rs. 14,360 per gram. At branded showrooms the lowest 22K making charge is on plain chains and bangles at 8% to 10%, which is Rs. 1,149 to Rs. 1,436 per gram. The Golden Tree monthly plan at Londe Jewellers rewards plan completion buyers with a bonus month, 11+1 on gold and 11+2 on diamond, toward gold or diamond jewellery at the gold rate on the redemption day. The bonus does not apply to 24K gold coins, bars or 24K gold jewellery.

Londe

Where to Verify Making Charges in Person

Walk in to any of the four Londe Jewellers Gold and Diamonds showrooms in Nagpur with a sample piece (or just a notepad). Ask for the making charge on any design category and we will quote it in both percentage and rupee per gram on the spot, with no obligation.

  • Londe Jewellers Gold & Diamonds, Sitabuldi, Modi Number 2, Opposite Datta Mandir, Sitabuldi, Nagpur 440012. Phone 090755 12053. Open 11 AM to 8:30 PM, 7 days.
  • Londe Jewellers Gold & Diamonds, Gokulpeth, Plot no. 175, N Bazar Road, Near Kumar Bakery, Gokulpeth, Nagpur 440010. Phone 084460 90383. Open 11 AM to 8:30 PM, 7 days.
  • Londe Jewellers Gold & Diamonds, Manish Nagar, Beltarodi Road, near Shanti Park Apartment, Near Kabira Convent, Manish Nagar, Besa, Nagpur 440037. Phone 080101 48427. Open 11 AM to 8:30 PM, 7 days.
  • Londe Jewellers Gold & Diamonds, Nandanvan, Tiranga Square Road, Opposite Axis Bank, Azamshah Layout, Nandanvan, Nagpur 440009. Phone 089564 82471. Open 11 AM to 8:30 PM, 7 days.

Or read the related guides:

Author: Rajesh Londe, third generation jeweller, Londe Jewellers Gold and Diamonds, Nagpur. Since 1989, 37+ years, 5 lakh families. First published 1 June 2026. Every rupee figure on this page is recalculated from the live Nagpur 22K counter rate, read today at Rs. 14,360 per gram.

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