u/Hot_Sun2185

People who have actually exchanged 24K gold coins of Tanishq/Kalyan/Malabar/MMTC-PAMP for jewellery — how much value was deducted?

Looking for responses only from people who have personally done this themselves recently — not advice from jewellers, relatives, or “I heard” stories.

I have 24K gold coins/bars (MMTC-PAMP / Augmont / BRPL type) and I’m planning to exchange them for 22K jewellery at stores like Tanishq, Kalyan Jewellers, Malabar Gold, etc.

Can people who have ACTUALLY exchanged coins for jewellery share:

• Brand and purity of the coin/bar

• Exact weight in grams

• Which jewellery store accepted it

• Gold rate of that day (24K and/or 22K if you remember)

• How much deduction happened during exchange/refining/conversion

• Final jewellery value you received against the coins

• Whether making charges were waived/reduced or fully charged

• Whether they accepted only their own minted coins or outside brands too

Example format:

“Exchanged 20g MMTC-PAMP 24K coins at Malabar in Feb 2026. That day 24K rate was ₹X/g. They deducted Y% / ₹Z per gram and gave jewellery value of ₹____. Full making charges applied.”

Trying to understand the REAL practical loss/conversion difference people faced while converting investment gold coins into jewellery

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u/Hot_Sun2185 — 8 days ago