How to use the gold price calculator
- Enter today's 24K (999) rate per gram from your jeweller's board or the IBJA rate.
- Enter the weight and choose the purity: 22K for most jewellery, 18K for diamond and gem-set pieces.
- Add making charges as a percentage or per gram, and the hallmarking charge if it is billed.
- Read the price breakdown, or switch to Sell old gold to see what a jeweller will pay.
Gold jewellery price formula
Price = W × R + M + 3% × (W × R + M) + H
W is the weight in grams, R the rate per gram for the purity (24K rate × purity), M the making charge and H hallmarking. If making is billed as job work at 5%, the GST on M changes accordingly.
Rate per gram by purity
At an example 24K rate of ₹15,000 per gram (enter the real rate in the calculator):
| Purity | Gold content | Rate per gram |
|---|---|---|
| 24K | 99.9% | ₹15,000 |
| 22K | 91.6% | ₹13,740 |
| 18K | 75% | ₹11,250 |
| 14K | 58.5% | ₹8,775 |
10 g of 22K jewellery at different making charges
With the 24K rate at ₹15,000, 3% GST and ₹75 hallmarking for one piece:
| Making | Gold value | Making | GST | Price |
|---|---|---|---|---|
| 8% | ₹1,37,400 | ₹10,992 | ₹4,452 | ₹1,52,919 |
| 12% | ₹1,37,400 | ₹16,488 | ₹4,617 | ₹1,58,580 |
| 16% | ₹1,37,400 | ₹21,984 | ₹4,782 | ₹1,64,241 |
| 20% | ₹1,37,400 | ₹27,480 | ₹4,946 | ₹1,69,901 |
At 12% making the piece costs ₹1,58,580. Sold back the next day at a 3% deduction, it would fetch about ₹1,33,278: the making charge and GST are the cost of owning jewellery rather than gold. If you are buying gold as an investment, coins or bars have much lower making charges. To borrow against your jewellery instead of selling it, see the gold loan calculator.
Frequently asked questions
How is the price of gold jewellery calculated?
Jewellery price = (gold rate for the purity × weight) + making charges + GST + hallmarking. For 22K, the rate is the 24K rate × 0.916. GST is 3% on the gold value and, when the jeweller sells you the finished piece, 3% on the making charges too.
What is the GST on gold jewellery?
GST on gold and gold jewellery is 3%. It did not change in the September 2025 GST rate revision. When you give your own gold to a goldsmith and pay only for making it into jewellery, that job work is taxed at 5% on the making charge.
Are making charges taxed at 3% or 5%?
When you buy finished jewellery, the making charge is part of the price of the jewellery, so the common retail practice is 3% GST on gold value plus making. 5% applies to job work, such as a goldsmith making or remodelling jewellery from gold you supply. Some invoices show making at 5%; check the bill and use the toggle.
What are typical making charges?
They vary by jeweller and design, commonly from about 8% to 25% of the gold value, or a fixed amount per gram. Machine-made chains are at the low end; intricate handmade or antique designs at the high end. Making charges are usually negotiable.
What is the hallmarking charge?
BIS charges jewellers ₹75 per gold article for hallmarking from 14 September 2026 (it was ₹45). Some jewellers show it on the bill; others absorb it. Every hallmarked piece carries a 6-character HUID you can verify in the BIS Care app.
How much will a jeweller pay for old gold?
They test the purity, value the pure gold content at the day's rate and usually deduct a few percent for melting and refining loss. Making charges and GST you paid earlier are not refunded. There is no GST when you sell your own old jewellery.
Is there tax when I sell gold jewellery?
Yes, on the profit. Jewellery held for more than 24 months gives long-term capital gains taxed at 12.5% without indexation. If held for 24 months or less, the gain is added to your income and taxed at your slab rate.