Dr.S.Mahendiran advocate, Musiri.
People are not aware of gold ...!
Some ads claim that the wastage % is this much, and no making charges etc., What is the truth?
💫 Jewellery can only be made by adding 1.5 grams of copper to a Sovereign of gold chain ...!
Everyone knew this.
But out of 8 gms. Gold jewellery is made by adding 1.5 gms Copper and 6.5 grams of Gold to make a chain of 8 gms gold ...!
But when buying Gold by an ordinary man, 6.5 gold + 1.5 copper put together sold as 8 grams of gold in the bill.
In addition to that, they are selling the copper for the price of gold, saying that 1.5 grams of gold has been added by showing as wastage, but actually adding copper ...!
In which I mean 6.5 gold + 1.5 copper (as gold) + damage copper 1.5 = 9.5 grams. So buyers of 1 Sovereign jewelry not only add 6.5 grams of gold but also 3 grams of copper also as gold and charge the price of gold ...!
💫 So we pay 9.5 grams price of gold for 1 Sovereign 8 grams jewelery . Whom they are Cheating!
They are deceiving the poor and sucking the blood of the poor like parasites ...!
How did the money come in for them if one opens a new jewelry store and buys, constructs multiple buildings, floors in a short span of a few years? Do agree the above calculations are correct to become so rich. Is it not true!!
💫 What is the price of a gram of gold today? What is the price of one gram of copper when they are collecting at 3 grams as gold per Sovereign? Check this account ...!
1 gram of gold is worth Rs. 4760 / -
8 grams of gold worth Rs. 38,080 / -
1 gram of copper - Rs. 4.80
1.5 grams of copper - Rs. 7.20 or Rs. 7 / -
6.5 grams Gold - 30940 / -
6.5 grams of gold + 1.5 grams of copper - Rs. 30940 + Rs. 7.20 = 30947.2 / -
In 1 Sovereign of gold - Rs. 38080 - 30940 Profit = Rs. 7140
Wastage 1.5 g = Rs. 7140 / -
Gross profit per 1 Sovereign 14280
What dizziness? A privilege within me. But the price of gold will definitely go down whenever people realize this awareness ...
You should be the good souls who should to create awareness!
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