Gold Lariat Necklace: Weight, Today’s Rate & Resale Value

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Gold Lariat Necklace: Weight, Today’s Rate & Resale Value

A gold lariat necklace (also called a Y-necklace or lasso necklace) is a long necklace without a clasp that wraps around the neck and hangs with two open ends, often with a pendant or decorative drop at each end. Lariat necklaces are a popular modern Western jewellery style.

At resale, only gold weight and purity determine cash value.

At a Glance

TODAY'S GOLD RATE

24K

₹14,500/-

₹13,292/-

Per gram

Designs & Weight Comparison

Common Types & Use Cases

·         Thin plain gold lariat — minimalist daily wear, 8g–18g

·         Standard Y-drop lariat with pendant drops — 14g–28g

·         Heavy statement lariat — bold fashion piece, 22g–40g

·         Stone-set lariat drops — stones removed at resale

·         Selling lariat without its end drops — each section weighed separately

Resale Value & Worked Example

For an 18g 22K lariat: 18 × 0.916 × ₹15,250 = ₹2,51,442.

For a 28g heavy piece: ₹3,91,132. All lariat necklaces above ~14g exceed ₹2,00,000 — PAN required.

Tax Treatment When You Sell

Gold held over 24 months attracts 12.5% LTCG when sold; held under 24 months, your gain is added to slab income. Aadhaar is mandatory; PAN is required if your sale exceeds ₹2,00,000.

What to Watch For

·         Stones or lac weighed with gold — insist on removal before weighing

·         Visual purity check instead of XRF — always request machine testing

·         No written receipt — a signed receipt is a legal requirement

·         Making charge deductions at resale — these do not apply

Why Choose Attica Gold Company

Attica Gold Company is ISO 9001:2015 certified with 200+ branches across Karnataka, Tamil Nadu, Andhra Pradesh, Telangana and Pondicherry. Your wait is over.

Frequently Asked Questions

How much is a gold lariat necklace worth today?

An 18g 22K lariat is worth ₹2,51,442. A 28g piece brings ₹3,91,132.

What is a lariat necklace?

A lariat is a long necklace without a clasp that loops around the neck and hangs open-ended, typically with decorative drops at each end.

Do I need PAN to sell?

Yes for most pieces above ~14g — the value exceeds ₹2,00,000.

What purity?

Most are 18K or 22K. XRF confirms.

Can I sell the drops separately?

Yes. Each section can be weighed separately.

How long?

15–25 minutes.

Are stones in the lariat drops paid?

No. Stones removed and returned.

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