At your marriage anniversary, you obviously want to gift your wife a beautiful gold ring, necklace or breslet. You find for the one that matches her beauty, you may not care too much about how much it costs you. At all costs, you would want to gift the perfect piece—in terms of beauty as well as authenticity.
This is why you need to look so before finalizing that ring or necklace. If you are going for branded jewellery, it is not an issue and you simply pay the 
minimum retail price (MRP). To get the right price and authentic jewellery from your local family jeweller, you need to understand how the metal is priced.
When you buy gold jewellery, you basically pay two sets of charges—the price of gold and the makers or labour charges.
The price of gold may change in a day depending on the market rate for gold, also known as the bullion rate.
The purity of gold is measured in carats (K), 24K is the purest form. Gold is alloyed with other metals to give it strength. Gold jewellery is typically 18-22K.
The bullion rate, typically, is the price of 10g of 24K gold. Most shops that don’t sell at MRP display the bullion rate as on that day.
This should work as a reference point to deduce the price of the amount of gold used for your jewellery.
If the bullion rate is Rs16, 411 per 10g of gold, the price for 22K gold would be 91.67% of the amount, or Rs15, 044. Bargain for the right price if you notice an anomaly.
Typically, reputed shops also display the price of 22K and 18K gold, along with the bullion rate for 24K gold.
Most branded shops don’t factor in this fluctuation as they sell at MRP. However, the MRP can change from time to time.
If you wanna buying diamonds, the price fluctuation is not much. In fact, the pricing of diamonds 
is determined on totally different factors, carat, clarity, cut and colour. Keep in mind that each of these can be measured. Obviously, diamonds of greater weight (carat), clarity, brilliance in cut and colour will be more expensive. Sandeep Kulhalli, vice-president of Tanishq, the jewellery business group of Titan Industries Ltd, “The most famous price reference chart for diamonds is the one published by Rapaport. However, the prices are adjusted as this is just a reference point.”
