If you own old gold jewellery and are planning to purchase new jewellery, a gold exchange can be a convenient way to use the value of your existing gold toward a new purchase. PC Jeweller offers exchange and buyback facilities, subject to its applicable terms and conditions.
However, the amount you receive for old gold is not necessarily the same as the original purchase price. The value can depend on the current gold rate, gold weight, purity, applicable deductions, making charges, taxes and other policy conditions.
In this guide, we explain the PC Jeweller Gold Exchange Process in 2026, applicable charges, important rules and things customers should check before exchanging their jewellery.
What Is PC Jeweller Gold Exchange?
Gold exchange means giving your eligible old gold jewellery to PC Jeweller and using its assessed value toward the purchase of new jewellery.
The value of the old gold is generally determined using the applicable current gold rate and the assessed gold weight and purity, subject to PC Jeweller’s exchange policy.
PC Jeweller’s current buyback policy states that for gold jewellery, 97% of the current value of gold is applicable under the stated buyback terms. The current value is calculated using the current gold price multiplied by the gold weight.
PC Jeweller Gold Exchange Process
The exchange process can generally be understood through the following steps.
Step 1: Visit a PC Jeweller Store
Take your old gold jewellery to a PC Jeweller showroom and ask about the gold exchange facility.
It is advisable to confirm the applicable terms with the showroom before proceeding because policies and eligibility can vary according to the product and transaction.
Step 2: Gold Jewellery Assessment
The jewellery will be assessed to determine its relevant gold content, weight and purity.
The final valuation is based on PC Jeweller’s applicable assessment process and current gold rate.
Step 3: Check the Valuation
Before confirming the exchange, ask the showroom for a clear valuation of your old jewellery.
Check:
- Gold weight
- Purity
- Applicable gold rate
- Exchange value
- Any deductions
- Taxes on the new jewellery
- Making or other applicable charges
Step 4: Select New Jewellery
After the value of your old jewellery has been determined, you can select new jewellery.
The value of the old gold can then be adjusted against the eligible purchase according to the applicable PC Jeweller policy.
Step 5: Pay the Remaining Amount
If the new jewellery costs more than the exchange value of your old jewellery, you will need to pay the difference.
For example:
New jewellery price: ₹1,00,000
Eligible exchange value: ₹60,000
Remaining amount: ₹40,000
The actual calculation can also include applicable taxes and charges.
Step 6: Complete the Exchange
After you agree to the valuation and purchase terms, the exchange transaction can be completed according to PC Jeweller’s applicable process.
Always keep the final invoice and exchange documentation safely.
PC Jeweller Gold Exchange Charges
One important point is that the value of old jewellery is not necessarily equal to its original purchase price.
According to PC Jeweller’s current buyback policy, 97% of the current value of gold is applicable for gold jewellery under the stated policy. The current value is calculated using:
Current Gold Rate × Gold Weight
The policy also states that making charges, wastage charges, taxes and discounts given on the original invoice may be deducted at the time of exchange/refund, depending on the transaction and applicable policy.
Therefore, customers should ask for a complete calculation before finalising the exchange.
Example of Gold Exchange Calculation
Suppose you have old gold jewellery weighing 20 grams.
Assume the applicable current gold value is ₹7,000 per gram.
The gross gold value would be:
20 × ₹7,000 = ₹1,40,000
If the applicable policy provides 97% of the current gold value:
₹1,40,000 × 97% = ₹1,35,800
This is only an example to explain the calculation. The actual value may differ based on the applicable gold rate, purity, assessment and PC Jeweller’s current terms.
Does PC Jeweller Pay Making Charges for Old Jewellery?
Generally, customers should not expect to receive the original making charges as part of the gold value.
PC Jeweller’s buyback policy specifically states that making charges, wastage charges, taxes and discounts from the original invoice may be deducted during exchange or refund.
This is why the exchange value of old jewellery can be considerably different from the amount originally paid.
PC Jeweller Gold Exchange Rules
Before exchanging your jewellery, keep the following points in mind.
1. Current Gold Rate Is Important
The valuation is linked to the applicable current gold rate rather than simply the price you paid when purchasing the jewellery.
2. Gold Weight Matters
The gold value is calculated based on the relevant gold weight after assessment.
3. Purity Can Affect Valuation
Different jewellery pieces can have different gold purity levels. The applicable assessment determines the relevant value.
4. Original Invoice Can Be Important
Keep your original purchase invoice and any available certificates or documents. Documentation can help with verification and transaction processing.
5. Making Charges Are Not the Same as Gold Value
Making charges paid when purchasing jewellery generally do not become part of the gold’s resale value.
6. Discounts May Affect the Calculation
PC Jeweller’s current buyback policy states that the value of offers, discounts or free gifts received at the time of purchase may be deducted where applicable.
PC Jeweller Gold Jewellery Exchange vs Buyback
These terms can be confusing.
Gold Exchange
In an exchange transaction, the value of eligible old jewellery is generally used toward purchasing new jewellery.
Gold Buyback
Under the buyback policy, PC Jeweller provides a specified value for eligible jewellery based on its current valuation rules.
For gold jewellery, the current policy states 97% of the current value of gold under its stated buyback terms.
Therefore, always ask the showroom whether your transaction is being processed as an exchange or buyback and what calculation applies.
PC Jeweller Gold Coin Exchange
Gold coins have separate terms.
PC Jeweller’s current buyback policy states that gold coins are valued at 97% of the current value of gold, calculated using the current gold price and gold weight.
However, ICC Gold Coins have a separate provision in the policy under which 100% of the current value of gold may apply, subject to requirements such as original packaging and certificate.
Customers should verify the exact terms applicable to their coin before proceeding.
Diamond Jewellery Exchange
Diamond jewellery can have different exchange and refund calculations compared with plain gold jewellery.
PC Jeweller’s current buyback policy specifies different deductions for diamond, solitaire and Polki jewellery depending on whether the transaction is an exchange or refund. It also states that the current material value of diamonds and gemstones and the current gold rate are determined at PC Jeweller’s discretion under the policy.
Therefore, diamond jewellery should not be valued in exactly the same way as plain gold jewellery.
What Documents Should You Carry?
When visiting a showroom, it is useful to carry:
- Original purchase invoice, if available
- Jewellery certificate, if applicable
- Diamond certificate, if applicable
- Identity documents if requested
- Original packaging where relevant
For certain products, documentation can be particularly important for verification.
Important Things to Check Before Gold Exchange
Before handing over your old jewellery, ask the showroom for a detailed calculation.
Check the following:
1. Current gold rate
Ask which gold rate is being used.
2. Gold weight
Confirm the weight recorded during assessment.
3. Purity
Confirm how the purity of your jewellery is being considered.
4. Exchange value
Ask for the exact value being offered.
5. Deductions
Ask whether any deductions apply.
6. New jewellery price
Check the complete price of the jewellery you are purchasing.
7. GST and other taxes
Confirm applicable taxes separately.
8. Making charges
Ask about making charges for the new jewellery.
9. Final amount payable
Get the final amount in writing before completing the transaction.
Is PC Jeweller Gold Exchange Worth It?
Gold exchange can be convenient if you already own old jewellery and want to purchase a new design.
However, customers should compare the total exchange value and final purchase cost rather than focusing only on the headline gold rate.
A good exchange transaction should have a clear calculation showing the old jewellery valuation, deductions, new jewellery price, taxes and final amount payable.
Tips to Get the Best Value for Old Gold
Here are some practical tips:
- Carry the original invoice if available.
- Check the current gold rate before visiting.
- Get the jewellery weighed and assessed clearly.
- Ask for a written valuation.
- Understand all deductions.
- Compare the final exchange value with other available options.
- Check the making charges on the new jewellery.
- Ask about GST and other applicable taxes.
- Keep copies of all transaction documents.
- Read the current exchange/buyback terms before completing the transaction.
Frequently Asked Questions
Can I exchange old gold jewellery at PC Jeweller?
PC Jeweller provides exchange and buyback facilities subject to applicable product and policy terms. Customers should confirm eligibility and current terms with the showroom.
How is old gold valued at PC Jeweller?
Under the current buyback policy, gold jewellery is valued at 97% of its current gold value, calculated using the current gold price and gold weight, subject to the stated terms and deductions.
Do I get my old jewellery’s making charges back?
Making charges are generally not treated as gold value. PC Jeweller’s policy states that making charges, wastage charges and taxes may be deducted during exchange/refund.
Can I exchange gold jewellery for a new design?
Yes, eligible jewellery can be exchanged subject to PC Jeweller’s applicable terms. The assessed value of the old jewellery can be used toward the new purchase according to the transaction conditions.
Does the gold exchange value depend on today’s gold price?
Yes. The current gold rate is an important component of the valuation under PC Jeweller’s stated buyback policy.
Can I exchange diamond jewellery?
PC Jeweller has separate terms for diamond jewellery, including different exchange/refund calculations. The exact value depends on the applicable policy and assessment.
Final Verdict
The PC Jeweller Gold Exchange 2026 process can be useful for customers who want to replace old jewellery with a new design. However, the amount you receive depends on the current gold rate, weight, purity, applicable policy and deductions.
For gold jewellery, PC Jeweller’s current buyback policy states 97% of the current value of gold under the stated terms. Making charges, wastage charges, taxes and applicable discounts may also affect the final calculation.
Before completing an exchange, always ask for a transparent breakdown of the old gold valuation and the complete cost of the new jewellery.
Disclaimer: Gold rates, exchange policies, deductions, taxes and jewellery prices can change. The information in this article is based on PC Jeweller’s published policy available at the time of writing and is intended for general information only. Always confirm the latest exchange terms, valuation and charges directly with PC Jeweller before completing a transaction.