Gold Jewellery Price Calculator
Work out what a piece of jewellery will actually cost at the counter: today's gold rate × weight, plus making charges, plus 3% GST. The rate is pre-filled live and stays editable, so you can enter your jeweller's exact board rate.
Last updated: 11:30 am IST, 7 July 2026
Worked example at today's rate
Say you are buying a 10 gram 22K gold chain with 10% making charges at today's rate of ₹13,195 per gram. The gold value is 10 × ₹13,195 = ₹1,31,949. Making charges add 10% of that, ₹13,195, taking the subtotal to ₹1,45,144. GST at 3% adds ₹4,354, so the final bill is ₹1,49,499.
Understanding each component of the price
Gold value is the purity-specific rate times net weight. Jewellery is priced on the weight of gold alone — if a piece has stones, the stone weight should be billed separately, not at the gold rate. The 22K (916) rate applies to most Indian jewellery; 18K (750) is common for diamond-studded pieces.
Making charges pay for the craftsmanship and are where quotes differ most. Machine-made chains sit at the low end; handmade, antique-finish and bridal work costs more. Making charges are negotiable at most traditional shops, and large chains run frequent promotional caps — comparing two or three quotes on the same weight and design is worth the time.
GST at 3% applies to the subtotal of gold value plus making charges. Insist on a proper tax invoice that shows the rate, weight, making charges and GST as separate line items — it protects your resale and exchange value later, and it is your proof of purity if a dispute ever arises.
One more tip: if you exchange old gold as part of the purchase, the exchange value is deducted before GST is applied on the remainder in most billing systems — check how your jeweller structures it. Use the old gold value calculator to know what your exchange gold is worth before you walk in.
Frequently asked questions
How are making charges calculated on gold jewellery?
Jewellers charge either a percentage of the gold value (common for chains and bangles, typically 6–14%) or a flat rupee amount per gram (common for machine-made items). Handcrafted, antique and bridal pieces carry higher charges. The type matters: on heavy items a per-gram charge is often cheaper than a percentage.
How much GST applies when buying gold jewellery?
3% GST applies on the total of gold value plus making charges. There is no separate GST slab for making charges when billed as part of the jewellery — the whole invoice value attracts 3%.
Why do two jewellers quote different prices for the same item?
The board rate can differ by a few rupees per gram, but the real difference is making charges — the same 10 g chain at 8% versus 14% making changes the final bill by hundreds of rupees. Always compare the total price, not just the gold rate.
Does hallmarked jewellery cost more?
Hallmarking itself adds only a nominal per-piece charge (a few tens of rupees). If a shop quotes a big premium 'for hallmark', that is a red flag — BIS hallmarking is mandatory for gold jewellery in India.
More tools
Old gold value · Gold loan per gram · Purity & weight converter · Today's gold rate in India