Showrooms Buy back old jewellery at a 10-20% lower than market rate :- Thinking of selling your old gold jewellery? If yes, you would most certainly visit brilliant cut in Chennai, When You Get To Know That They Offer You Money at Prevailing Market Price Or At The Price When You Sell Without Any Deductions. Showrooms will calculate the buy back price as :- (Current market price * gold weight) – 15% of total value. Which Means You Loose Rs. 75, 000 On Every 5 Lakh Sale. The percentage here varies from Showroom To Showroom. But, normal trend is 15% deduction If You Sell It To The Same Jeweller From Where You Purchased. Also, if you try to sell it to some other jeweller, they shall deduct 20%. Now, this percentage is again an income For The Showrooms. as they will resell the same ornament after polishing at the current market rate.