Gold Jewellery Price Calculator India — With Making Charges & 3% GST

How a jewellery bill is calculated

Gold value     = net weight (g) × gold rate for that purity (₹/g)
Making charges = % of gold value, or ₹ per gram, or a flat amount
Subtotal       = gold value + wastage + making + stones/other
GST            = 3% of the subtotal
Final price    = subtotal + GST

Worked example

A 10 g, 22K chain at ₹7,400/g with 12% making: gold value ₹74,000; making ₹8,880; subtotal ₹82,880; GST 3% = ₹2,486.40; final ₹85,366.40. A 2-point difference in making charges on this chain is about ₹1,500 — worth negotiating.

Purity and rate

The purity number on the hallmark is parts per thousand of gold: 916 means 91.6% (22 carat), 750 means 75% (18 carat), 585 is 58.5% (14 carat). Jewellers usually quote a separate rate for 22K. If you only know the 24K rate, tick the box and the calculator multiplies it by the purity — the jeweller’s own 22K rate may be slightly different.

Things to check on the bill

Net weight vs gross weight. Gold value should be charged on the net gold weight. Stones should be weighed and priced separately.
Making charges vary from about 3% for plain coins to 20–25% or more for intricate designs. Ask for them in writing before you choose.
Wastage is sometimes added on top of making charges. Ask whether the quote includes it.
HUID hallmark. Hallmarked gold jewellery sold in India must carry a 6-digit HUID — check it here.
Exchange value. Many jewellers deduct a percentage when buying back old gold. Ask for the deduction before you agree.

Questions people ask

Is GST charged on making charges?

Yes. Jewellers usually charge 3% GST on the whole value of the jewellery, including making charges, because it is sold as one item.

Should I use the 24K or 22K rate?

Use the rate for the purity you are buying. Most jewellery is 22K, and shops display a 22K rate. 24K (999) is used for coins and bars.

Why is my jeweller’s price higher than this?

Common reasons are wastage, stone charges, hallmarking fees or a higher making charge than you expected. Ask for an itemised bill and compare line by line.

How much will I get for old gold?

Roughly weight × today’s rate for its purity, minus the jeweller’s deduction. Purity is often tested at the counter; hallmarked items usually get a better rate.

Sources

This calculator does not fetch live gold rates — type the rate your jeweller quotes. GST shown at 3%, the rate for gold jewellery at the time of review; you can change it above. Last reviewed: November 2026.

Gold jewellery price calculator

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