Have I done right?
So my mother has certain broken jewellery, weigh around 42.42g( it was 1999s so without hallmarks). So we thought of selling it as we are in need of money, so first we went to Tanishq, we did karatmeter testing there, it showed around 19g as 86% and 23.3 g as 85% , estimation was 5.75 lakh than went to Malabar it showed 19 karats for 19g and 20 karats for 23.3g, estimation was around 5.20 lakhs.
But since we were looking for sale and they only exchanged so we went to local sarafa bazar in Nagpur. That guy did purity test without showing us results than estimated that we will get around 5 lakh rupees for this. My mother said yes for melting of gold, they melted it the weight we get after melting was 41.2 g than went for karatmeter testing again, it showed 79.60% in the test. And according to their rates it was 1.50 lakh per 10 g of 24k on 29th May 2026 ( although online it was 1.61 lakhs), they calculated that we will be getting around 4.95lakhs. Which was round 80k still less than what funds I required.
So they put the solution that since after melting the karatmeter shows the purity 79.60 something percentage, so according to that I will be having 32.9 grams of pure gold in all our jewellery, so they gave me 24k of 99.95% purity 32.5 gm gold piece and remaining .4g in cash ( approx ₹6300).
Now I am holding onto that gold piece of 24k and some cash, and waiting for rates to increase which is looking impossible in nearby future, so that I can sell it at expected prices. So I have to ask have I done right thing or should I have taken cash? Also is there any such thing as the market rate is different from internet rates? Also did I make mistake by going to local Jewellers ?
Feel free to comment anything without judgement, I am open to any harsh criticism as well, but I genuinely want to know if I made a mistake.