Gold jewellery price calculator, with making charges and GST

A published gold rate is the metal alone. What you actually pay adds the jeweller's making charges, then tax on top of both — which is why a counter total can sit several percent above the rate on any rate board, including this one. This calculator prices the whole build-up off live spot: weight, purity, making charge, tax, and a dealer spread if you are selling rather than buying.

What goes into the price

Metal value is weight × purity × the live rate for your market. Making charges are the jeweller's labour and design, usually quoted as a percentage of metal value, and they are set by each shop — 6% to 12% is common for machine-made pieces and can run far higher on intricate handwork. 3% GST applies in India on metal value plus making charges together. Wastage, where a shop charges it, is a further percentage on the metal; add it to the making-charge field if your quote itemises it.

Buying and selling are not the same number

Selling old jewellery back is not the reverse of buying it. A dealer buys under the rate, making charges are not refunded, and the tax you paid is gone. The calculator's sell side applies a dealer discount instead of making charges and tax, which is the shape a real buy-back quote takes. The default spread is a typical figure, not a quote — change it to whatever your dealer is actually offering.

Purity, in one line

24K is 999 fine, 99.9% gold. 22K is 916, 91.6%. 21K is 875 and 18K is 750. Each rate is an exact fraction of the 24K rate — 22/24, 21/24, 18/24 — before any making charge. Indian jewellery is overwhelmingly 22K; coins and bars are 24K. The purities offered here follow the market you have selected, because a market only quotes what its trade actually deals in. 22K vs 24K gold and what 916 means goes through the hallmark numbers, the alloy and how purity does and does not affect a bill.

The rate behind it

Every figure starts from the live XAU/USD spot price on the gold price board — spot, not futures — and is converted into your market's currency and unit. Indian figures carry 15% import duty and a trade premium; the derivation is published in full. For the Indian retail rate by city, see gold rate today in India. To be told when spot crosses a level, use price alerts.

What this cannot tell you

It cannot know your jeweller's making charge, their wastage convention, or the premium a particular design carries. It gives you the arithmetic and a realistic default so that you can compare a quote against something. Treat the result as a sanity check on a counter price, not as a valuation — see the risk disclaimer.