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Everyday Tools

Gold and Silver Price Calculator

A jeweller's bill for gold jewellery has several parts: the value of the metal, making charges and GST. This calculator shows each part, so you can check a quote or compare shops.

Last reviewed:

g
₹

Enter today's rate from a jeweller or an official source. This tool does not fetch live prices. Use the rate of 24K gold, or pure silver, per gram.

%

Charged by the jeweller, as a percentage of the metal value.

%

GST on gold jewellery is currently 3%. Making charges are charged GST at a different rate in some invoices, so check your bill.

Total price
₹1,03,782.80
Metal value
₹91,600.00
Making charges
₹9,160.00
Price before GST
₹1,00,760.00
GST
₹3,022.80
  • The metal rate is entered by you, so the result is only as accurate as that rate. Stone or hallmarking charges are not included, and the jeweller's final bill governs.

You enter the rate per gram yourself, since prices change through the day and differ by city. Get the current rate from your jeweller or a trusted source before you calculate.

How to use this calculator

  1. Enter the weight of the jewellery in grams.
  2. Enter the current rate per gram for pure metal.
  3. Pick the purity, such as 22K.
  4. Enter the making charge percentage and the GST rate, then read the total.

Formula and variables

Metal value = Weight × Rate × Purity Making charges = Metal value × Making % GST = (Metal value + Making charges) × GST % Total = Metal value + Making charges + GST

  • Purity - fineness: 24K = 0.999, 22K = 0.916, 18K = 0.75, 14K = 0.585.
  • Rate - rate per gram of pure metal, entered by you.

Some jewellers charge making fees per gram or as a flat amount. Convert them to a percentage of the metal value to use this tool.

Worked example

10 grams of 22K gold jewellery, with the 24K rate at ₹10,000 per gram, 10% making charges and 3% GST.

Inputs and results for the worked example
Weight and purity10 g, 22K (0.916)
Rate, making, GST₹10,000 per gram, 10%, 3%
Metal value₹91,600
Making charges₹9,160
GST₹3,022.80
Total price₹1,03,782.80
  1. Metal value = 10 × 10,000 × 0.916 = ₹91,600.
  2. Making charges = 10% of 91,600 = ₹9,160.
  3. GST = 3% of (91,600 + 9,160) = ₹3,022.80, so the total is ₹1,03,782.80.

What changes the result

  • Daily rate. Gold and silver rates change through the day and differ across cities.
  • Purity. Higher carat means more pure gold and a higher price per gram. Look for the hallmark.
  • Making charges. These vary widely between jewellers and designs, and are often negotiable.
  • Stones. Stones are priced separately and are not included here.

Benefits and practical uses

  • Check a jeweller's estimate line by line.
  • Compare quotes across shops.
  • Understand how making charges change the bill.

Assumptions and limitations

  • The metal rate is whatever you enter. No live price is used.
  • Making charges are a percentage of the metal value.
  • One GST rate is applied on metal and making charges together.
  • Stones, hallmarking fees and old-gold exchange are not included.

Frequently asked questions

How is the price of gold jewellery calculated?

Weight × rate × purity gives the metal value. Making charges and GST are then added.

Does this show today's gold rate?

No. You enter the rate yourself because this tool does not fetch live prices.

What is the difference between 22K and 24K?

24K is almost pure gold and 22K is about 91.6% gold mixed with other metals for strength.

What GST applies to gold?

GST on gold and jewellery has been 3% on the metal value, with a different rate on making charges in some invoices. Check your bill and the latest GST notifications.

Can I use this for silver?

Yes. Enter the silver rate per gram, and choose the 24K (99.9%) option for pure silver, or adjust the rate for lower purity.

References

Page last reviewed on . This calculator gives estimates for planning only; it is not financial advice and not an offer from any lender.