How is gold price calculated for different purities?

Gold price for different purity = (24K price per gram × purity carats / 24) × weight in grams. For 22K: multiply 24K price by 22/24 = 0.9167. For 18K: multiply by 18/24 = 0.75.

What is the GST on gold in India?

GST on gold jewellery in India is 3% on the gold value plus 5% GST on making charges separately. Total GST paid = (gold value × 3%) + (making charges × 5%).

What is a tola in gold measurement?

1 tola = 11.6638 grams. This is a traditional Indian unit used by jewellers. 10 tola = 116.638 grams = approximately 4.11 troy ounces.

How are making charges on gold calculated?

Making charges are typically 8–35% of gold value for traditional jewellery and can be even higher for designer pieces. Some shops charge a flat per-gram rate (₹300–₹800/gram). Making charges are NOT included in gold price — they are added separately.

Gold Rate Calculator – Gold Price by Purity, Weight & GST India

Q: What is the difference between 24K, 22K, 18K and 14K gold?

24K = pure gold (99.9% purity) — too soft for everyday jewellery. 22K = 91.67% gold — most common for Indian jewellery. 18K = 75% gold — more durable, used in diamond/gemstone settings. 14K = 58.33% gold — common in international jewellery, very durable.

Calculate the pure gold value for any weight and purity based on today's 24K rate.

Today's 24K Gold Rate (₹/gram)

Gold Purity

Custom Karat (1–24)

Weight

Weight Unit

Please enter a valid gold rate, weight, and select purity.

Calculate total jewellery cost including making charges, GST on gold (3%) and GST on making (5%).

24K Gold Rate (₹/gram)

Gold Purity

Weight (grams)

Making Charges

Making Charge Value

Wastage % (optional)

Enter valid weight and gold rate.

Convert gold weight between grams, tola, troy ounce, and kilograms.

Weight Value

From Unit

Please enter a valid weight value.

Gold Price Formulas: Gold Value = (24K Rate/gram × Purity/24) × Weight in grams GST on Gold = Gold Value × 3% GST on Making = Making Charges × 5% Total Cost = Gold Value + Making Charges + GST on Gold + GST on Making

How to Use

Enter Today's Gold Rate

Enter the current 24K gold price per gram from your city's official rate (MCX/IBJA rate or jeweller's displayed rate).

Select Purity & Weight

Choose your gold purity (22K for most Indian jewellery) and enter the weight. Use grams or tola as preferred.

Get Complete Breakdown

Use the Jewellery Cost tab for full cost including making charges, wastage, and GST — so you know the exact final price.

Frequently Asked Questions

How is gold price calculated for 22K?

22K gold rate per gram = 24K rate × 22/24 = 24K rate × 0.9167. So if 24K is ₹7,500/gram, then 22K = ₹7,500 × 0.9167 = ₹6,875/gram. Total gold value = 22K rate × weight in grams.

What is the GST on gold jewellery in India?

GST on gold in India: 3% on gold value + 5% on making charges. These are charged separately. For example, if gold value = ₹1,00,000 and making = ₹12,000: GST = ₹3,000 + ₹600 = ₹3,600 total GST.

What is 1 tola of gold in grams?

1 tola = 11.6638 grams. This is the traditional Indian unit for gold. Many jewellers still quote prices in tola. Use our Weight Converter tab to convert between tola, grams, troy ounce, and kilograms instantly.

What are typical making charges on gold jewellery?

Making charges in India typically range from 8–12% for machine-made jewellery to 20–35% for handmade or antique designs. Some jewellers charge flat per-gram rates (₹300–₹800/gram). Making charges are negotiable and not regulated — always ask before buying.

What is the difference between 24K, 22K, 18K and 14K gold?

24K = 99.9% pure gold — softest, most valuable, used for coins/bars. 22K = 91.67% — most popular in India for jewellery. 18K = 75% — used for diamond rings, more durable. 14K = 58.33% — common internationally, very durable, least expensive per gram.

Gold Rate Calculator

How to Use

Frequently Asked Questions

Related Tools