Gold Ruby Pendant: Weight, Today’s Rate & Resale Value

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Gold Ruby Pendant: Weight, Today’s Rate & Resale Value

A gold ruby pendant features a ruby (manik) gemstone set in a gold setting. Ruby is one of the most prized coloured gemstones in Indian jewellery, associated with the sun (Surya) in Vedic astrology and worn both for beauty and astrological significance.

At resale, the gold setting and the ruby are valued separately. A gold buyer pays for the gold weight at the IBJA rate; the ruby must be separately assessed by a certified gemstone appraiser.

At a Glance

TODAY'S GOLD RATE

24K

₹14,500/-

₹13,292/-

Per gram

Designs & Weight Comparison

Common Types & Use Cases

·         Small plain gold ruby pendant – 2g–5g gold setting

·         Standard ruby pendant (Vedic/astrological) – 4g–10g gold

·         Large ornate ruby pendant (bridal) – 7g–16g gold

·         Ruby pendant on a gold chain – pendant and chain weighed separately

·         Heirloom ruby pendant – age adds no gold premium; ruby assessed separately

Resale Value & Worked Example

For a 5g 22K gold setting: 5 × 0.916 × ₹15,250 = ₹69,845.

For a 10g setting: ₹1,39,690. The ruby stone is removed and returned to you. Its value depends on its quality (colour, clarity, carat weight) and requires assessment by a certified gemstone appraiser or jewellery valuer, not a gold buyer.

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 ruby pendant worth at a gold buyer?

Only the gold setting is paid. A 5g 22K setting is worth ₹69,845. The ruby requires separate gemstone valuation.

Does the ruby stone add value at a gold buyer?

No. A gold buyer pays only for the gold weight. The ruby must be separately assessed by a gemstone appraiser.

How is the ruby removed?

At the Attica branch before weighing. The stone is carefully removed and returned to you.

Do I need a GIA/IGL certificate for my ruby?

A certificate is not required to sell the gold portion. However, for accurate ruby valuation, a GIA or IGL certificate significantly helps the separate gemstone assessment.

What documents?

Aadhaar mandatory. Most ruby pendants well below ₹2L PAN threshold.

What purity are gold ruby pendant settings?

Most are 22K or 18K (18K common for prong settings). XRF confirms.

How long to sell?

15–20 minutes for the gold portion.

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