Old Gold Purchase Software for Gold Businesses
Eliminate undocumented scrap gold intake. Jexo generates legally binding Old Gold Purchase Vouchers with seller KYC, transparent melt deductions, and split payout accounting in under 60 seconds.
The Risks of Loose Paperwork in Old Gold Purchases
Handwritten slips or informal diary notes leave your jewellery showroom defenseless against police inquiries if surrendered jewellery turns out to be stolen. Furthermore, tax authorities scrutinize cash payouts for scrap gold. Jexo standardizes every transaction into an unalterable digital ledger with photo verification and signed customer declarations.
What Jexo Records on Every Old Gold Voucher
Consecutive Voucher Numbering
Every old gold transaction generates a unique sequential voucher code for easy retrieval and flawless store audits.
Accurate Purity & Melt Deductions
Record gross weight, stone weight, and melting loss deductions so the seller understands the net gold weight calculation clearly.
Legally Binding Seller Declarations
Print clear legal declaration clauses affirming ownership of the gold, shielding your business from stolen property disputes.
Item Photography Attachment
Embed clear photos of the ornaments as received directly onto the digital purchase record.
Split Payout Accounting
Record how much was paid in cash, transferred via IMPS/NEFT, or offset against a new jewellery purchase.
Instant WhatsApp Receipt
Dispatch a PDF copy of the Old Gold Purchase Voucher straight to the customer's WhatsApp.
Frequently Asked Questions About Old Gold Buying
Jexo requires staff to enter the seller's identification details (Aadhaar, PAN, or voter ID), records the ornament gross weight and melt deductions, captures a photo of the item, and prints a formal seller declaration on the voucher. This creates an unshakeable audit trail confirming lawful ownership.
Yes. In an exchange transaction, the calculated net payable from the old gold purchase voucher is automatically applied as a credit note against the customer's new jewellery sales invoice, balancing the final amount owed in one single transaction.
Under Section 269ST and related Income Tax rules in India, cash transactions have statutory limits. Jexo enables you to split payouts between cash counter disbursement and direct NEFT/IMPS bank transfer, maintaining compliant records.