How much is my gold worth today?
Your payout is decided by three numbers and nothing else: net gold weight, tested purity, and the live 24K rate on the day you sell. The formula is net weight × purity ÷ 24 × live 24K rate per gram. If you know those three numbers, no buyer can confuse you with jargon.
A worked example. You bring a 20-gram chain. Stones and clasps weigh 1 gram, so net weight is 19 grams. XRF reads 91.6% purity — standard 22K. With a 24K rate of ₹15,000 per gram, the calculation is 19 × 0.916 × 15,000 = ₹2,61,060. At CMG that line appears on your bill exactly as printed here.
Two things move the number and both are visible to you: purity, which testing establishes, and the rate, which the bullion market sets. Anything else a buyer deducts should be named and explained before you agree.
Gold buyer vs pawn shop: which pays more?
A pawn shop or gold-loan lender is not buying your gold — it is holding it as security against money it lends you. Its valuation is deliberately conservative because it must be able to recover the loan if you never return. That is sound lending practice, and it is exactly why a pledge value is lower than a sale value.
A gold buyer such as CMG buys the metal outright and refines it. There is no risk buffer to build in, so the offer sits close to the bullion-linked rate. If you plan to redeem the item later, a loan is the right product. If you have decided to part with the gold, selling it normally puts more money in your hand.
If your gold is currently pledged, you do not have to choose blindly. Our gold loan release service settles the outstanding loan directly with the bank or NBFC and pays you the balance value of the metal.
- Pawn shop / gold loan: lower valuation, item returnable, interest payable
- Gold buyer: live-rate valuation, outright sale, no interest, no repayment
- Jeweller exchange: value usable only against new jewellery, plus making charges
How selling gold at CMG works, step by step
The process is deliberately visible. Nothing goes behind a curtain and nothing is decided before you can see it.
- Cleaning and inspection — dirt, thread, stones and non-gold parts are separated
- Weighing on certified electronic scales accurate to 0.01 g
- Free XRF testing, with the karat reading displayed on screen in front of you
- Valuation on the live 24K rate, calculated line by line
- KYC and billing — one photo ID, one itemised bill
- Payment — cash on the spot up to ₹2 lakh, or instant bank transfer
How to choose a reputable gold buyer
Most disappointment in gold selling comes from process, not price. A buyer who tests out of sight, quotes a single lump-sum figure and refuses to itemise deductions is asking you to trust a number you cannot verify. A reputable buyer makes every step checkable.
Ask four questions anywhere you go: Is the testing done in front of me? Is it XRF rather than touchstone and acid? Will you show me the weight, the purity and the rate separately? And will I get a bill? Four yeses mean you can compare offers honestly.
What CMG buys
If it contains gold, we evaluate it. Condition and fashion do not matter, because the metal is valued on weight and purity rather than design.
- Gold jewellery — chains, bangles, necklaces, rings, earrings, mangalsutra
- Broken, damaged, single-piece and unpolished jewellery
- Gold coins and biscuits from any mint, hallmarked or not
- Inherited and antique gold, including very old family pieces
- Dental gold, gold-plated scrap with recoverable content and gold-bearing waste
Where to sell gold with CMG
Our Indore counter is at 207, Shivom Complex, MG Road, and our Ahmedabad counter at 312, Golden Square, Kalyan Chowk, Nikol. Both are open Monday to Saturday, 10 AM to 8 PM, with XRF testing and cash float available at the counter — no appointment needed.
If travelling with gold makes you uncomfortable, book a free doorstep valuation instead. A trained CMG valuer arrives with portable XRF and certified scales, tests everything on your table, and settles payment before leaving.