18K gold is a preferred choice for fine jewellery due to its durability, aesthetic appeal, and versatility. The combination of gold with alloy metals enhances its strength, making it suitable for various ornaments.
- Engagement and wedding rings – 18K gold is commonly used in engagement rings due to its durability and elegance.
- Necklaces and pendants – Its rich golden tone makes it perfect for statement necklaces and delicate pendants.
- Bracelets and bangles – Sturdy and long-lasting, 18K gold bangles and bracelets are ideal for daily wear.
- Earrings – Available in various designs, from studs to chandelier earrings, with white, rose, or yellow gold finishes.
- Designer jewellery – 18K gold is used in high-end, custom jewellery pieces due to its refined look and malleability.
What is the current 18K gold exchange rate?
The 18K gold exchange rate fluctuates daily based on global gold prices, currency value, and market demand. In India, the rate is determined by factors such as the London Bullion Market, international trade policies, and domestic market conditions.
Unlike 24K gold, which is priced purely on its weight, 18K gold’s value is calculated based on its 75% gold content. Jewellers and financial institutions consider the current gold rate, weight, and deductions before offering an exchange value.
For accurate exchange rates, individuals should check live gold price updates from trusted sources such as the India Bullion and Jewellers Association (IBJA), banks, or major jewellery brands. Comparing prices from multiple sources ensures the best exchange value when selling or trading 18K gold jewellery.
How to calculate the exchange value for 18K gold?
The exchange value of 18K gold is calculated based on the current market price of 24K gold. Since 18K gold contains 75% pure gold, its value is determined using a simple formula:
Exchange Value = (Current 24K Gold Price per gram × 75%) × Weight of 18K Gold
Example:- If the 24K gold rate is Rs. 6,000 per gram, the 18K gold rate is Rs. 4,500 per gram (75% of Rs. 6,000).
- For 10 grams of 18K gold, the exchange value would be: Rs. 4,500 × 10 = Rs. 45,000.
- Jewellers may deduct making charges and other fees before offering the final amount.
Factors affecting the 18K gold exchange rate
Several factors influence the exchange rate of 18K gold, impacting its resale value.
- International gold prices – Global market trends determine the base price of gold.
- Currency exchange rates – The strength of the Indian rupee against the US dollar affects gold prices.
- Import duties and taxes – Government policies on gold imports influence domestic rates.
- Market demand and supply – Increased demand during festive seasons raises gold prices.
- Jeweller’s deductions – Making charges and refining costs affect the final exchange amount.
18K gold exchange vs 22K and 24K gold
Gold content varies based on karat value, with 24K being 99.9% pure, 22K at 91.6% purity, and 18K at 75% purity. Consequently, 24K gold commands the highest exchange value, followed by 22K, with 18K gold holding the lowest value in the market.
However, 18K gold is more durable than 22K and 24K, making it ideal for jewellery that withstands regular wear and tear. While 22K and 24K gold are more valuable in terms of resale, as they are in higher demand, 18K gold is less popular in the resale market.
When considering gold loans, 22K and 24K gold typically fetch higher loan amounts due to their greater purity and value. In contrast, 18K gold would provide a lower loan value but is still a viable option for borrowing against your gold assets. Always evaluate these factors to make informed decisions on purchasing, selling, or using gold for loans.
Best practices for exchanging 18K gold
To maximise value when exchanging 18K gold, follow these best practices:
- Check live gold rates – Refer to trusted sources before visiting a jeweller.
- Compare offers – Visit multiple jewellers to get the best exchange rate.
- Know your gold weight – Weigh your gold accurately before exchange.
- Negotiate deductions – Understand making charges and other fees deducted.
- Request purity certification – Ensure transparency in gold assessment.
Why do 18K gold exchange rates fluctuate?
The exchange rates of 18K gold fluctuate due to market dynamics and economic conditions. Global gold prices, currency value fluctuations, geopolitical events, and government policies contribute to these variations. Festivals and wedding seasons increase demand, pushing prices higher. Additionally, changes in international trade policies, interest rates, and inflation also impact gold prices, causing daily fluctuations.
Understanding the purity and exchange value of 18K gold
18K gold contains 75% pure gold, making it less valuable than 22K or 24K gold in exchanges. The exchange value is based on purity, weight, and current gold prices. Jewellers may deduct refining charges when exchanging 18K gold. Understanding purity standards ensures fair valuation, helping individuals get the best value when selling or trading their gold jewellery. With Bajaj Finserv Gold Loan, you can get a loan amount starting from
Rs. 5,000 to Rs. 2 crore against 18-22 karat gold jewellery.
How to get the best exchange rate for 18K gold
To get the best exchange rate for 18K gold, individuals should compare rates from multiple sources, negotiate deductions, and check the
gold loan interest rate if considering a loan. Selling gold during peak market prices ensures higher returns. Choosing reputable jewellers or financial institutions like Bajaj Finance ensures a transparent and profitable exchange process.
Gold exchange tips for 18K jewellery owners
When exchanging gold, following a few essential steps can help you get the best value for your jewellery.
- Clean your gold: Before heading to a buyer, ensure your gold is clean and polished. Presenting gold in its best condition enhances its appearance and can lead to a better valuation.
- Verify purity markings: Check for BIS hallmark certifications or other purity markings on your jewellery. These markings confirm the karat value, such as 18K, and assure buyers of the gold’s authenticity.
- Understand deductions: Inquire about any deductions, such as making charges, wastage fees, or taxes. These costs can affect the final exchange value, so it’s important to understand them upfront.
- Choose a trusted buyer: Always approach reputable jewellers or authorised gold buyers. Trusted dealers offer fair market rates, transparent processes, and minimal deductions, ensuring you receive the best value.
- Consider a gold loan: Instead of selling your gold, you can apply for a gold loan using your 18K gold as collateral. Bajaj Finance offers quick and hassle-free gold loans, allowing you to access funds while retaining ownership of your gold. This is a smart alternative if you need money without parting with your valuable assets.
Where to check live 18K gold exchange rates?
You can easily check live 18K gold exchange rates using the Bajaj Finserv App or by visiting the Bajaj Finance website. These platforms provide real-time gold price updates, helping you stay informed about the latest market trends. Whether you are looking to buy, sell, or invest in gold, Bajaj Finance offers accurate and timely information to guide your decisions. Additionally, the app allows you to track gold rate fluctuations and compare prices, ensuring you get the best value. This makes managing your gold investments simple and hassle-free, all from the convenience of your smartphone or computer.
How 18k gold exchange rates impact gold loan eligibility?
Gold loan eligibility is primarily determined by the purity, weight, and current market exchange rates of the gold jewellery you pledge. Higher purity gold, such as 22K or 24K, typically qualifies for larger loan amounts compared to 18K gold, which contains only 75% pure gold. Since 18K gold has a lower gold content, the loan value sanctioned against it is generally lesser.
At Bajaj Finance, we carefully evaluate the purity and weight of the gold before approving a loan application. This assessment ensures that you receive a loan amount that accurately reflects the current market value of your gold. Additionally, checking gold exchange rates before applying for a loan is beneficial, as fluctuations in these rates can significantly impact the valuation of your jewellery and the loan amount you qualify for.
Our gold loans come with flexible repayment options and competitive interest rates tailored to suit your financial needs. You can
apply for gold loan based on the prevailing market conditions and the quality of your gold. With a simple application process and quick disbursal, Bajaj Finance ensures that accessing funds through a gold loan is both convenient and efficient, helping you meet your financial goals effortlessly.
