Gold Exchange Schemes in India - 2025

By Team Gullak

Last updated : Aug 21, 2025

4 min read

What are Gold exchange schemes?

Gold exchange schemes are programs run by jewellers that allow you to exchange your old gold jewellery in exchange for new gold jewellery, coins, bars. These schemes are popular in India for -

Popular Gold exchange schemes include programs run by:

In this article, we'll discuss the Gold exchange schemes provided by these jewellers.

Old Gold Exchange Schemes from Jewellers

1. Tanishq Gold exchange policy

Tanishq is one of the most trusted names when it comes to gold in India. Their exchange scheme, also known as Tanishq Exchange Advantage, allows you to bring in old gold jewellery (even from other jewellers) and exchange it for brand-new Tanishq jewellery. The best part is that Tanishq typically offers 100% value on the net gold weight (after testing purity) and only charges making charges for the new jewellery you buy. Their exchange scheme is available through out the year. During festive periods, they sometimes run special gold exchange offers with waived or reduced making charges. Till now, Tanishq has 3139557+ exchange customers. Tanishq's Exchange Advantage accepts gold from 9KT to 22KT, even in the smallest quantities. Read about other schemes from Tanishq here.

2. CaratLane Golden Exchange

Customers can exchange their old gold (whether purchased from CaratLane or elsewhere) for trendy new pieces. CaratLane offers transparent gold purity checks using Karatmeters and provides the full market value of your old gold after deductions. Since CaratLane focuses on contemporary designs, this scheme is particularly popular among younger buyers who frequently like to upgrade their jewellery collections. The jewellery exchange rates are based on prevailing gold prices. Here's the detailed standard deduction charged by CaratLane on their Old Gold exchange scheme -

Please note that these charges might change in the future. You can check the gold exchange rates are CaratLane's website

3. Bluestone(Big Gold Upgrade)

Bluestone offers a lifetime exchange policy for jewellery bought from them, in addition to a standard gold exchange program. For Bluestone products, you can exchange for the full value of gold at prevailing market rates, with only making charges applied on new items. For gold not purchased at Bluestone, the value is determined after purity checks, and certain nominal deductions may apply. Their exchange scheme is customer-friendly for those who like to keep their collection fresh and modern. Under Bluestone's Big Gold Upgrade, your gold gets upgraded in value to the next available Carat. More than 1047725 gms of Gold has been upgraded at Bluestone. Here's how it works:

The Big Gold Upgrade benefit can be availed up to a limit of 10 grams (in gross weight) within a year. For any gold exchange exceeding 10 grams within a year, BlueStone will provide a benefit of 2% over the current market gold rate. Once the purity gets verified the amount gets credited to the customer's Bluestone account. These credits can be used to redeem new jewellery at Bluestone within a year.

4. Joyalukkas Gold Exchange

Joyalukkas runs frequent gold exchange offers that are popular across South India and the Middle East. Customers can bring in their old jewellery (from any jeweller) and convert it into brand-new Joyalukkas ornaments. They are known to waive off making charges or give additional value during special promotions like Akshaya Tritiya, Vishu, or Diwali. Their exchange program is widely used by families upgrading jewellery for weddings and festive occasions. The exchange policies come with exclusive gold exchange offers like getting ₹100 Extra per Gram on exchange of old gold jewellery. The offers generally are limited to jewellery and don't include coins and bars. Please note that this is a time bound scheme that may not be available when you are reading this article. Read about other schemes from Joyalukkas here.

5. Malabar Gold & Diamonds Gold Exchange

Malabar Gold & Diamonds has a zero-deduction gold exchange policy for jewellery purchased from them—meaning you get the full value of gold weight and purity. For jewellery from outside, Malabar conducts a purity check and provides the net value accordingly. They often run festive special gold exchange offers where you get benefits on making charges like 25% off on gold jewellery. Read about other schemes from Malabar here.

Are Gold Exchange Schemes the Best Option?

Gold exchange schemes are handy in situations where gold prices rise sharply and you need jewellery for an upcoming occasion, if you’re a jewellery lover who frequently upgrades to new designs, or when you’ve been accumulating coins or smaller pieces over time for a big goal like a wedding.

A Smarter Alternative: Accumulate with Gullak

Instead of waiting to exchange old gold later, you can accumulate gold over time through daily/weekly/monthly SIPs with Gullak. Every rupee you save is converted into gold at live market rates. When the time comes, you’re free to buy ornaments at any jeweller of your choice. Gullak is partnered with all major jewellers like Tanishq, Malabar, Joyalukkas etc.

With Gullak, you’re essentially building your wedding fund, festive jewellery budget and truly accumulating gold over time.

TL;DR: Gold Exchange Schemes in a Nutshell

Gold exchange schemes let you swap old jewellery for new ones, coins, or bars at leading jewellers like Tanishq, CaratLane, Bluestone, Joyalukkas, and Malabar. They’re most useful if you’ve been collecting coins/smaller pieces for a wedding, want to upgrade designs frequently, or need jewellery when gold prices are high but you’re on a budget. A smarter long-term hack is to accumulate gold over time with Gullak and buy at any jeweller, deduction-free.