Jewellery Price Calculator (India)
Enter the per-gram gold rate for your purity, the net weight, the making charge, any stone charges and the HUID fee, and the calculator gives the final bill with 3% GST, the effective price per gram and how far it sits above the gold value.
Today's indicative gold rate in India (₹)
| Weight & purity | Price (INR) |
|---|---|
| 24K gold · 1 gram | live |
| 24K gold · 10 grams | live |
| 22K gold · 1 gram | live |
| 22K gold · 10 grams | live |
| 18K gold · 1 gram | live |
| 18K gold · 10 grams | live |
Indicative Indian rate = live international gold price in rupees (FX_IDC:XAUINRG) plus 6% import duty, before 3% GST and making charges. Your jeweller's board rate may differ slightly. Method
Jewellery price calculator (India)
How to use the calculator
- Gold rate per gram: enter the rate for the purity you are buying. Use your jeweller's board rate, or enter the price from the live table above (for 22K jewellery use the 22K row).
- Net gold weight: the weight of gold only, excluding stones, beads or lac.
- Making charge: choose % of gold value, ₹ per gram or a flat amount, then enter the figure from the jeweller's quote.
- Stones / other charges: the price of diamonds, gems or any separately billed work.
- Hallmark (HUID) charge: charged per piece; ₹45 is pre-filled because it is a commonly quoted figure. If you are buying several pieces in one bill, enter the total (for example 3 pieces × ₹45 = ₹135).
- GST: 3% is pre-filled.
The formula
Gold value = rate × net weight
Making = gold value × % (or ₹ per gram × weight, or flat)
Taxable value = gold value + making + stones + hallmark
GST = taxable value × 3%
Total = taxable value + GST
GST on jewellery is charged on the whole invoice, making charge included, not just on the gold. The 5% rate applies only to job work, where you give your own gold to a goldsmith. See GST on gold.
Worked example
Suppose the 22K rate is ₹12,250 per gram (illustrative), and you buy a 15 g bangle with a 10% making charge, no stones and one HUID fee of ₹45.
| Item | Calculation | Amount |
|---|---|---|
| Gold value | 15 g × ₹12,250 | ₹1,83,750.00 |
| Making charge | 10% of ₹1,83,750 | ₹18,375.00 |
| Hallmark (HUID) | 1 piece | ₹45.00 |
| Taxable value | ₹2,02,170.00 | |
| GST | 3% of ₹2,02,170 | ₹6,065.10 |
| Total | ₹2,08,235.10 |
Effective price: ₹2,08,235.10 ÷ 15 = ₹13,882.34 per gram, 13.3% above the gold value.
Interpreting the result
- The % above gold value is the best single number for comparing shops. A lower board rate with a higher making charge can cost more.
- Some jewellers quote wastage separately from making. Add both together as a percentage.
- Making charges are not refunded when you sell or exchange; see making charges explained.
- The live table is national; city board rates differ slightly. Check your city on the gold rate in India page.