Gold Jewellery Price Calculator

• Gold rate: on the jeweller's rate board or a previous bill. Choose the karat it is for (24K, 22K or 18K) and whether it is per gram or per 10 grams, then type the figure. The box is pre-filled to save typing; the updated rate goes in its place, and this browser remembers it.
• Purity: the karat on the hallmark or the price tag, for example 22K916.
• Weight: the net gold weight on the tag or the quote, in grams or tola. No weight yet? Choose "I know my budget" to see how much gold an amount buys.
• Making charge: from the jeweller's quote, as a percentage, an amount per gram or one flat amount.
• Wastage or VA: from the quote, if it shows one; otherwise 0.

A jeweller's price is built from the value of the gold, any wastage, the making charge and GST. The calculator builds the same price from those parts, using the gold rate in the rate box.

• Gold value = weight × gold rate per gram × (karat of the piece ÷ karat of the rate)
• Wastage = gold value × wastage %, when the quote includes it
• Making charges = gold value × making %, or weight × the amount per gram, or one flat amount
• GST: 3% of the whole invoice, or 3% on the gold and wastage plus 5% on making charges billed separately
• Estimated total = gold value + wastage + making charges + GST

Jewellers quote making charges in three forms, and the calculator takes each as quoted. The same 10 g of 22K gold at a 24K rate of ₹1,50,000 per 10 g (gold value ₹1,37,500), with 3% GST on the total:

• 8% of the gold value: making ₹11,000, total ₹1,52,955
• ₹500 per gram: making ₹5,000 (3.64% of the gold value), total ₹1,46,775
• A flat ₹8,000: making ₹8,000 (5.82% of the gold value), total ₹1,49,865

Because a per-gram or flat charge is also shown as a percentage of the gold value, two quotes in different forms can be put side by side. The making charge is used exactly as entered: a quote at 15% or 20% is estimated at that figure.

Some jewellers add wastage, also billed as value addition: extra gold charged as a percentage of the gold value, on top of the making charge. The calculator adds it to the gold value and taxes it with the gold. With 5% wastage and 8% making on the same piece: wastage ₹6,875, making ₹11,000, GST ₹4,661.25, estimated total ₹1,60,036.25.

Leave wastage at 0 when a quote does not show it; many quotes fold it into the making charge.

Choose "I know my budget" to work backwards: the calculator finds the weight whose price, with the same making charge, wastage and GST, comes to the amount you enter. At a 24K rate of ₹1,50,000 per 10 g, 22K and 8% making with 3% GST on the total, ₹2,00,000 buys about 13.076 g.

Compare an actual bill with the Gold Bill Check, which shows how much of a total is above the gold value.

Stones, hallmarking and hand-made designs are usually priced separately. There is no single settled rule for GST on making charges: some jewellers treat the whole invoice as one supply at 3%, others bill making as separate job work at 5%. The calculator offers both; the GST treatment chip matches it to an invoice. Rates change through the day, so the rate on the day of purchase is the one to enter.

Karat and fineness are two ways of saying the same purity: 22K is stamped 916 in India. The gold purity converter shows the pure gold weight in a piece.