Calculate accurate gold jewellery and bullion prices in Indian Rupees (INR) based on weight (grams, tolas, sovereigns), karat purity (24K, 22K, 18K), making charges, and 3% GST.
Enable to input a custom per-gram rate quoted by your local store.
Jeweller crafting/wastage fees (typically 6% to 25%).
Standard rate across India is 3%.
Typically 5% on crafting job work.
| Karat | Rate/g | Final Amount |
|---|---|---|
| 24K(99.9%) | ₹8,600 | ₹97,610 |
| 22K(91.67%) | ₹7,883 | ₹89,472 |
| 18K(75%) | ₹6,450 | ₹73,208 |
| 14K(58.33%) | ₹5,017 | ₹56,943 |
When purchasing physical gold jewellery in India, the final bill includes several distinct components beyond just the raw metal price: Final Price = (Weight in Grams × Rate per Gram for specific Karat) + Making Charges + GST on Gold + GST on Making Charges.
The Bureau of Indian Standards (BIS) mandates hallmarking across all gold jewellery sold in India. Every hallmarked piece features three key markings: the BIS standard triangular logo, the purity grade (such as 22K916 for 91.6% purity or 18K750 for 75% purity), and a 6-digit alphanumeric HUID (Hallmark Unique Identification) code that guarantees exact purity and traceability.
Making charges (crafting and wastage fees) vary across jewellers — typically ranging from 6% to 25% of the gold value depending on whether the design is machine-crafted or handmade filigree. Under Indian taxation, a flat 3% Goods and Services Tax (GST) applies to the gold metal value, along with applicable GST on crafting services.
| Parameter | Details & Guidelines |
|---|---|
| 24 Karat (24K / 999) | 99.9% pure gold. Used for investment coins, bullion bars, and mint ingots. Too soft for durable studded jewellery. |
| 22 Karat (22K / 916) | 91.67% pure gold alloyed with copper/zinc for strength. Standard benchmark for traditional Indian bridal and everyday jewellery. |
| 18 Karat (18K / 750) | 75.0% pure gold alloyed with silver/palladium. Preferred industry standard for diamond, gemstone, and modern designer jewellery. |
| 14 Karat (14K / 585) | 58.33% pure gold. Highly durable, scratch-resistant, and cost-effective for lightweight daily wear ornaments. |
| Standard GST on Gold | 3% GST uniformly levied across India on physical gold metal purchases, gold coins, and jewellery. |
| Indian Weight Units | 1 Sovereign / Pavan = 8 Grams | 1 Tola = 11.6638 Grams | 1 Troy Ounce = 31.1035 Grams | 1 Kg = 1,000 Grams. |
Offers tangible possession and cultural utility for weddings and gifts. Incurs making charges (8%–25%), storage/locker costs, and 3% GST on purchase.
Issued by RBI on behalf of the Govt of India. Offers 2.50% annual interest payout, zero making charges, zero storage cost, and complete capital gains tax exemption if held to 8-year maturity.
Paperless digital gold tracking 24K wholesale gold prices on NSE/BSE. Highly liquid, zero making charges, and low expense ratios (~0.3%–0.6%).