Free format · no sign-up
Old gold purchase voucher format
For buying old gold from a customer: the seller and their ID, each piece's gross weight, stones and dirt deducted, the tested touch and fine weight, the 24K rate, your deduction, the amount paid in words, and the seller's declaration that the gold is theirs.
How is old gold valued when a jeweller buys it?
The jeweller weighs each piece, deducts stones and dirt to get the net weight, tests the purity (touch) and works out the fine gold: net weight × touch ÷ 100. The fine gold is valued at the day's 24K rate per gram, and the shop's deduction for melting and testing losses is taken off. A purchase voucher records the seller and their ID, the weights, touch, fine gold, rate, deduction and the amount paid, with the seller's signed declaration that they own the gold.
Print blank keeps your shop's name and leaves the rest empty, for pads. In the print window, choose Save as PDF to keep a copy. Figures for illustration; confirm tax rates with your accountant.
How to fill the old gold purchase voucher format
- 1Enter your shop's details once.
- 2Fill the voucher number and date, the seller with their ID proof, and their PAN for a large purchase.
- 3For each piece, enter the gross weight, the less weight (stones, dirt) and the tested touch %; the fine weight and value follow.
- 4Enter today's 24K rate per gram and your deduction %.
- 5Have the seller read and sign the declaration, and pay by the method shown.
FAQ
Frequently asked questions
Is GST payable when a jeweller buys old gold from a customer?
A registered jeweller buying old gold from an individual who is not registered pays no GST on the purchase: reverse charge on purchases from unregistered persons applies since February 2019 only to categories the government notifies, and old gold is not one of them. See our page on GST on old gold.
How do I work out fine gold from touch?
Fine gold = net weight × touch ÷ 100. 20 g at 91.6 touch is 18.32 g of fine gold.
Why take the seller's ID?
To know who sold the gold if it is ever questioned, to meet the KYC your bank or the law asks for, and to apply the PAN and cash rules on large amounts.
Related
More for jewellers
Stop writing bills by hand
Infovion JMS makes these bills, girvi receipts, vouchers and karigar slips from your stock and records, and keeps every balance right. Book a free demo call.