Gold Snake Chain: Weight, Today’s Rate & Resale Value

A gold snake chain is a smooth, flexible chain made of tightly-fitting round links that create a smooth, snake-like surface. The design is popular for both men and women and is commonly used to hold pendants. It weighs slightly more than other chain styles for the same length due to its dense link structure.

At resale, only gold weight and purity determine cash value – the smooth snake-style finish adds no premium.

At a Glance

Live Rate Today

At today’s IBJA rate of ₹15,250 per gram for 24K, a 22K piece yields ₹13,965 per gram.

Designs & Weight Comparison

Common Types & Use Cases

·       Thin daily-wear snake chain – 4g–10g, common for women

·       Standard length snake chain – 8g–20g, men or women

·       Heavy snake chain – 18g–35g, men’s statement piece

·       Snake Chain with pendant – chain and pendant weighed together

·       Selling chain only (keeping pendant) – chain weighed alone

Resale Value & Worked Example

For a 12g 22K snake chain: 12 × 0.916 × ₹15,250 = ₹1,67,628.

For a 22g chain: ₹3,07,318. Chains above ~16g at today’s rates exceed ₹2,00,000 – bring PAN.

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