Old gold, melt & assay

Metal that walks back in

Old jewellery arrives untagged, unweighed and of unknown purity, often against a purchase the customer wants to complete in the next ten minutes. It deserves a proper document, not a discount line.

1 · Intake

Write it down before it leaves the customer's hand

The first minute is where old-gold disputes are won or lost. JewellerGen makes a receipt out of it.

  • Item by item — description, count, gross weight, stone weight, net weight and declared purity.
  • Photographs taken on the tablet and attached to the intake, before anything is cut or melted.
  • Hallmark type recorded where there is one, so a BIS-marked piece is not tested as scrap.
  • Printed receipt the customer signs, with your terms on it.
  • Two routes — inside a sale as an exchange, or as a standalone purchase when they only came to sell.
Intake · OG/25-26/00318
R. Krishnan · Counter 1 · Valuer: Suresh
Draft
Chain, yellow, plain link
1 pc · gross 12.180 g · declared 22K
Ring with stones
2 pcs · gross 9.460 g · stones 1.450 g
Photos attached Receipt printed
2 · Testing

Purity is a measurement, not an opinion

Declared purity is what the customer believes. Tested fineness is what you pay on, and the gap between them is where the money is.

XRF

Non-destructive, per item or per lot. The reading can be captured from the instrument and signed onto the lot rather than typed in from a screen across the room.

Touchstone & acid

Entered as a tested fineness with the method recorded, so a later query knows how the number was arrived at.

Karat meter

Same treatment: a reading, an instrument, a person and a time — attached to the lot it belongs to.

Fineness, not karat. Everything is held as parts per thousand at one decimal place — 912.0, not "about 22 carat" — and the karat label is only how it is displayed. Rounding to a karat band before the arithmetic is how a shop loses a gram a day without noticing.
3 · Valuation

Fine weight × your buy rate, less what you deduct

Simple arithmetic, done the same way every time, shown to the customer in full. The deduction is your policy — per customer category, with an override that records who allowed it.

There is also the question the customer actually asks, which is the other way round: "what will this take off the necklace?" JewellerGen solves that backwards from a target, so the salesperson is not doing algebra on a calculator while somebody watches.

  • Deduction as a percentage, defaulted per customer category and overridable with an approval.
  • Charges — melting, testing, handling — with tax applied to the charge where it is due.
  • Match-to-invoice reverse solve against a target exchange credit.
  • Buy rate from your board, stamped onto the document like any other rate.
Valuation
Lot 1 · tested by XRF
Tested
Net weight20.190 g
Tested fineness912.0
Fine weight18.413 g
Buy rate 24Kboard 09:14₹ 7,318 / g
Gross value₹ 1,34,747
Deduction 2%override · approved by Owner− ₹ 2,695
Melting charge− ₹ 350
Payable to customer₹ 1,31,702

Illustrative figures.

4 · Settlement

Paying for it

Cash or bank

With the cash-limit warning applied and a voucher PDF produced either way.

Metal credit

Grams held to the customer's account, drawn down against a future purchase, with a statement.

Exchange

Set against the sale on the same bill, while remaining a purchase document in its own right.

TDS where it applies

194Q on qualifying purchases from a resident seller, with financial-year running totals per deductee and a 26Q-shaped report.

5 · Disposition

Resell it, melt it, or send it to the refinery

What happens to the metal afterwards is where the weight either reconciles or quietly does not.

  • Resell as-is — re-tag the piece, put it on a counter, and it re-enters stock with its provenance intact.
  • Melt into a scrap lot — weight in, weight out, loss percentage recorded per batch.
  • Fire assay — per-lot fine weight from the assay result rather than the field test.
  • Refinery consignment — a full lifecycle: sent, received, assayed, settled, with what came back reconciled against what went out.
  • Old-gold register — everything taken in, by metal and by period, for the day somebody asks.

Weight has to close

Melting is the one operation where metal legitimately disappears. That makes it the one place a loss percentage has to be recorded against every batch and reviewed, not averaged away at the year end.

Scrap in14 intake lots642.180 g
Bar outafter melt637.940 g
Loss4.240 g · 0.66%
Assayed fineness918.4
Fine weight585.880 g
Control

The document you least want edited quietly

Edit window

After settlement, changes are only possible inside a window you set — and after it, only by reversal.

Reversal needs approval

Unwinding a settled buyback is an approved action with a reason, never a delete.

Threshold alerts

A buyback above your value threshold, or one raised outside trading hours, notifies the owner as it happens.

Show us your worst old-gold day

Mixed lots, stones to weigh out, a customer who wants it against a necklace, and TDS on top. We will run it.