What is the Gold Ruler?
The wage of gold is the wage of its maker, which is usually paid on new gold and not on second-hand gold. For this reason, second-hand gold is called gold without wages, and the percentage of wages is not calculated for its purchase. When we buy a piece of gold, like any other product, in addition to the price of the product itself, we have to pay a series of surplus profits to the seller, which includes the following:
7% of the seller's profit (the maximum profit of the gold sellers that must be included in the invoice is 7% and it should not be more than this and be sure to check it in the invoice)
Usually, 15% to 30% of the production fee (depending on each piece of gold, this percentage is different and you cannot consider a specific percentage for everyone)
Tax on the seller's profit (and not on the original weight of gold, be aware of this. Read here "How is the price of gold calculated?")
All these are added together and when we buy a gold ring, we give the seller about 30% more gold than our net weight, which is not attractive for investment, but it is good for the ornamental gold we want to use.
What is Gold Without Gold?
What does gold without pay mean? When a person takes his second-hand gold to a gold shop to sell it, if the second-hand gold is not old and can be repaired, the gold shops will repair it and make it like new gold by gold plating. When gold shops buy gold from customers, they only pay the amount of gold used in that product (the pure gold weight of the product) and after they renew the gold, they do not pay for design and manufacturing.
Therefore, the gold that has been put up for sale is priced without considering the cost of production or the wage of production, and it is called gold without wages or low-wage gold. Of course, according to the explanations we gave, naturally, free gold products usually have old designs and their quality may be lower than new gold. Usually, the purpose of buying gold without payment for a person is not only to use the product and its beauty, but they intend to save their capital by buying this type of gold.
How to figure out how much we need to pay?
The price of gold is calculated in two ways, either a percentage of the weight of gold or a fixed amount of riyals that is taken into account by the workshop that made the gold. If the wage is a percentage, according to the law, it should not be more than 21%, but the fixed amount is not like that and you cannot define a standard for it, and it depends on the gold piece that is made and the delicate work on it.
Another point is that heavier gold is not necessarily more expensive and usually lighter gold is more expensive. It is true that a contradiction can be seen, but the reason is that gold, which is light, requires more precision in order to perform delicate work on it, and since it has to be cheap for the manufacturer, he gets a higher percentage of the wage when he spends a piece of gold on it.
But in general, the gold bangle has the lowest amount of gold among all types of gold artifacts. After that, there are rings, and then bracelets and finally gold necklaces. For this reason, the percentage of the gold manufacturing fee is different based on the type of product. The following table is a guide to generally understand how much we should pay for each piece of gold, and in the same way, how much should be deducted when we want to sell gold.
Buy for gold investment?
Free necklace and free bracelet or free bangle are the best type of low-paid gold for investment. The necklace includes chains, both for women and men. We should pay attention to the fact that gold without wages or zero wages is different from gold with low wages, and when our goal is to invest, we tell the seller to give us gold without wages and not gold with low wages. Because some manufactured and new gold that is made with a machine usually has a low price due to high production.
Is the new gold without a reward?
Yes, new gold can be low paid. Because today technology has grown a lot and many goods are produced on machines, gold is no different, and gold manufacturing factories and workshops produce a lot of gold in a short time, which makes the production cost not high and as a result, the wages are low. Or without pay. Of course, an unethical method is also common among some gold dealers, and that is buying second-hand gold from a customer, repairing and polishing it, and then selling it as new gold with a price. Be careful of such scams and do not buy cheap gold instead of new gold.
So, the term free gold is not only used for second-hand gold, but it is also used for some new gold. In fact, free gold is used for new gold that has a very low price (such as a free gold bracelet). Among gold jewelry, the manufacturing fee is different for different products; For example, if you decide to buy gold textiles (such as gold rings, gold bangles, gold chains), you will pay a lower fee compared to jewelry (which has precious stones such as diamonds, turquoise, etc.).
There is also new gold without pay or low pay when a gold becomes old. Old gold is not the taste of the market, and gold dealers are forced to sell it with a lower production fee and profit, or even without a fee, so we also have new gold without a fee. Of course, these days due to the increase in the price of gold, there is less possibility of such a price decrease.
Is the gold medal or jewelry more?
The commission for buying jewelry is much higher than the commission for buying gold because, as mentioned, precious stones like brilliants or diamonds are hard to work with and may break due to carelessness and it costs a lot for the manufacturer. For this reason, the cost we have to pay for cutting and polishing the diamond will be much higher.
What are the best gold products for investing and buying gold without payment? (gold bracelet without payment, gold bracelet without payment, gold service with low payment, gold ring without payment)
In addition to the gold pieces that people produce in gold workshops, many workshops take help from CNC machines. These devices are usually used to make simple gold pieces that are not very difficult to make. As a result, the fees in these cases will not be so high and they are almost gold without fees.
The gold pieces of this device require less effort from the user, and for this reason, they are considered free gold. Usually, when people around you hear that you plan to buy gold for investment, they will tell you to "buy a bracelet, because the fee is low!". The reason for this statement is precisely that the bracelet does not require much effort from the manufacturer in its manufacture and is made with a machine.
What are the advantages of buying gold without pay?
Purchasing free gold has advantages that can make it attractive, including the following:
As we mentioned above, there is no construction fee; At least 15% less money is paid.
Very good for investment.
It is cheaper than new gold.
Since free gold is ornamental, it can be used at the same time as an investment.
