New Delhi, Oct. 25 -- Gold prices have risen sharply over the years, making inherited jewellery worth revisiting. A necklace passed down by a parent or a pair of old bangles may hold both financial and sentimental value. But should you sell the jewellery at current prices, keep it for future use, or exchange it for a new design?

According to Bullion data, gold prices today stand at Rs.1,42,500 per 10 grams for 24-karat gold. In 2016, the price was around Rs.28,624 per 10 grams, while 20 years ago, in 2006, it was Rs.8,400. In 1976, 50 years ago, the gold price was just Rs.432 per 10 grams, according to Bankbazaar data.

But the decision to sell inherited gold involves more than the prevailing gold rate and returns. Purity, resale value, ...