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What is One Gram Gold Jewellery: A Detailed Guide on Its Price and The Reasons to Buy It
In India, gold is not merely treated as a valuable metal, but its association is rather deep and religious. For centuries, gold has been treated as the most precious possession and is often marked as generational wealth, making it mandatory to buy it. Even on some occasions like Akshay Tritya or Dhanteras, purchasing gold is seen as the most auspicious thing.
However, the skyrocketing price of gold has made it impossible to purchase it for everyone, and many are struggling to h
ave a full set in their possession. Here we have an ultimate solution for buying 1 gram of gold. While it is not possible to have gold for everyone, some occasions and events call for the need of wearing gold. You may have a set of real gold earrings, but to get a full look, you require a lot more, from rings to bangles and necklaces.
Considering the high prices, it is normal not to have everything, but you still can have a gold lookalike 1-gram gold jewellery. You may have heard about it, but not know every detail about it, and here we will help you with understanding what is one gram gold jewellery, its cost, and other things.
One-gram jewellery is made using a base metal like brass or copper, and a thin layer of gold plating is done on it that weighs around 1 gram. To retain the shine and durability, this jewellery goes through the process of electroplating. This jewellery is made to mimic the design and aesthetic of the real gold jewellery, but at a very cheap rate.
These jewellery are ideal to wear on certain occasions, and regular use may result in wearing of the gold plating, but again, getting them fixed or replating them with gold is way too cheap than buying the real gold.
Price of 1 Gram Gold Jeweller
The price of 1 gram of gold jewellery is determined based on several factors since it uses gold, the price often fluctuates based on the gold price. However, the simple rule that is applied to calculate what is 1 gram gold jewellery worth is shared below:
Jewellery cost = cost of the actual gold + chemical cost used to form gold + cost of the base jewellery + making charges + taxes.
To give you a rough estimate, the cost of 1 gram of gold jewellery will come to about 4000 to 5000. It is also subject to change based on the fluctuation of the gold price and base metal price.
To understand better how much 1 gram of gold jewellery will cost you, you can ask for the detailed breakdown of the jewellery itself.
Reasons to Invest in 1 Gram Gold Jewellery
Now that you know 1 gram of gold jewellery costs way less than the pure gold jewellery worth lakhs, you might think about whether you really need to invest in it. Here are some of the reasons why you should purchase it:
Regular Use
Wearing gold jewellery might make you feel rich, but it also comes with the constant fear of being robbed even in broad daylight. You can wear these 1 gram gold jewellery at any function and no one would be able to identify them based on their looks. You can flaunt and keep your gold jewellery safe in a locker. As it is mandatory in some households to wear a certain piece of gold jewellery all the time, you could use it even for daily use. It is also safe to travel with because even if it gets stolen, you won’t lose a lot.
Multiple Designs to Own
Not just the artificial jewellery has a wide range of designs to wear on multiple occasions, but gold jewellery too is witnessing some of the great designs being introduced on a regular basis. But owning a lot of gold jewellery in different designs is next to impossible because of the soaring price. However, you can turn to 1 gram gold jewellery and own multiple designs to wear on different occasions like weddings, office wear, casual parties, and others at a fraction of the cost of the gold jewellery.
Ideal for Gifting
We have reached a point where we are running out of gifting options, and people literally have everything due to the huge exposure. Then there are certain groups of people whom you want to give something special, other than the usual gifts, but without spending a fortune. 1 gram gold jewellery is the best gifting option in such situations because they don’t come for really cheap and anyone would use it without thinking much.
Resale Value
As one gram of gold jewellery uses real gold for plating, it does have a resale value, but then certain factors influence it. First, the karat that has been used for the gold plating, like 24 karat, 22 karat, or 18 karat. Many jewellery items you are buying from already state the rules for the resale value, so you will have to check for it. It works exactly as you get value for reselling your pure gold jewellery, like deduction is made on making charges and others.
Affordable
The main reason to invest in one gram of gold jewellery is the affordability but with a resale value. Buying gold is indeed a good investment, but the same factor makes it difficult to wear it regularly because of the constant fear of it getting stolen. 1 gram of gold jewellery offers the same look at a much lesser cost, and it also has a resale value. It combines the look of gold, the affordability of imitation jewellery, and a long-lasting feature.
What to Look for When Buying 1 Gram Gold Jewellery?
1 gram of gold jewellery is not like any other imitation jewellery that you can buy without much consideration. You must consider below mentioned factors when buying 1 gram gold jewellery:
Purity
Do not live under the cloud that 1 gram of gold jewellery doesn’t require purity testing. The fact that it uses gold for plating, you must check for its purity because in the future, you may want to exchange or resale it for any reasons. Also, 1 gram of gold comes with hallmarking, and you must ask the shop to provide you with one. Hallmarking should be available with the BIS log and the karat.
Reputed Seller
While 1 gram of gold jewellery is available even in random stores where you can buy other imitation jewellery, it is best that you buy it from a reputed seller who also deals with pure gold jewellery. The reason to reach out to a reputed jeweller is that you get the hallmark ones and even certification of the genuineness. Another thing you get is that most of these jewellers offer exchange of 1 gram jewellery with added benefits that you won’t get at a random store.
Requiring about the Karats
Just like pure gold jewellery, even 1 gram of gold jewellery is made using different karats of gold like 24, 22, or even 18. When you are making a purchase, inquire about the karat being used because it will also determine the resale value of the jewellery. Also, ensure to get it weighed because you can easily get fooled with a lesser weight.
Final Words
1 gram of gold jewellery is becoming popular because it offers the same look as pure gold jewellery at a very nominal cost and still maintains your status. While it is always a good call to invest in pure gold jewellery for an investment purpose, buying 1 gram of gold jewellery is good for regular use and travel. It has a lot of benefits when you compare it with pure gold jewellery or even imitation jewellery.
FAQs
Is it worth buying 1 gram of gold jewellery?
Yes, buying 1 gram of gold jewellery is worth it because it comes at a much lesser cost than pure gold jewellery and also has a resale value.
What is one gram of gold jewellery worth?
The price of one gram of gold jewellery depends on various factors like the current charges of gold, what karat of gold you are using for plating, making charges, the type of jewellery, and taxes.
What jewellery can be made with 1 gram of gold?
Every type of jewellery can be made with a 1-gram gold necklace, a 1-gram gold necklace set, bangles, and any jewellery that you get made with pure gold.
What’s a good price for 1 gram of gold?
For an approximate price, the good price of 1 gram of gold is between 1000 to 5000, but it depends on what type of jewellery you are buying.
How many carats of gold are best for jewellery?
22 karat is considered best for making jewellery because it uses a little other material to make the jewellery sturdy.
Is 1g of gold a good investment?
Yes, 1 g of gold jewellery is a good investment, considering it costs about a fraction of the pure gold jewellery cost and has a resale value.
What can I do with 1 gram of gold?
You can use 1 gram of gold jewellery for daily use, multiple occasions, and even exchange or resell it.
Is it worth buying small amounts of gold?
It is always a good decision to buy small amounts of gold because the price is increasing every day, and it makes for a good investment for the future.
Is it worth it to buy lightweight gold jewellery?
To wear for regular occasions, office wear, and casual hangouts, lightweight gold jewellery is an ideal choice.