Free tool for jewellers and buyers
Gold price calculator: 22K, 24K and 18K with making charges and GST
Work out the price of gold jewellery the way a jeweller's bill does: weight × today's gold rate for the purity, making charges per gram or as a percentage, stones, discount, 3% GST and old gold taken in exchange. Share the result on WhatsApp.
For estimates only. The bill from your jeweller is final; confirm tax rates with your accountant.
How to calculate the price of gold jewellery in India
Price = (net weight × gold rate per gram for the purity + making charges + stones − discount) × 1.03. The 1.03 adds 3% GST, which in your own state is 1.5% CGST plus 1.5% SGST.
1. Metal value = net weight in grams × today's rate per gram for the purity. Rates are usually quoted per 10 g, so a 22K rate of ₹1,00,000 per 10 g is ₹10,000 a gram. Net weight leaves out stones.
2. Making charges are added as an amount per gram (₹500 a gram on 10 g is ₹5,000), a percentage of the metal value (12% of ₹1,00,000 is ₹12,000), or a fixed amount for the piece. Stones and other charges are added on top.
3. GST is 3% of the full value of the jewellery, making charges included, less any discount shown on the bill (CBIC sectoral FAQ on gems and jewellery). There is no separate 5% GST on making charges for a piece you buy.
4. Old gold taken in exchange is valued at the day's rate for its purity, less the shop's deduction, and taken off the amount payable after GST.
Source: CBIC: Sectoral FAQ on Gems and Jewellery. A bill over ₹2 lakh needs the buyer's PAN or Form 60 (Income Tax Rule 114B).
Updated 5 November 2026 by Infovion Technologies, makers of Infovion JMS jewellery software.
| Metal value | 12.5 g × ₹10,000 a gram (22K) | ₹1,25,000 |
|---|---|---|
| Making charges | 12% of metal value | ₹15,000 |
| Taxable value | ₹1,40,000 | |
| CGST 1.5% + SGST 1.5% | 3% of ₹1,40,000 | ₹4,200 |
| Price of the chain | ₹1,44,200 |
The rate is for illustration only; use the rate your jeweller or city association publishes today.
Gold rate per gram by purity
Convert the 24K rate to 22K, 18K or 14K
Gold rates are usually published for 24K per 10 g. The rate for a lower purity is the 24K rate × karat ÷ 24, so 22K (916) gold is 91.67% of the 24K rate. Enter today's 24K rate to see every purity.
| Karat | Fineness (hallmark) | Rate | Per 10 g | Per gram |
|---|---|---|---|---|
| 24KCoins, bars; too soft for most jewellery | 999 (99.9%) | 24K rate × 24/24 | — | — |
| 22KMost Indian gold jewellery ("916 gold") | 916 (91.6%) | 24K rate × 22/24 | — | — |
| 20KSome traditional jewellery | 833 (83.3%) | 24K rate × 20/24 | — | — |
| 18KDiamond and studded jewellery | 750 (75.0%) | 24K rate × 18/24 | — | — |
| 14KLight and daily-wear studded pieces | 585 (58.5%) | 24K rate × 14/24 | — | — |
Fineness grades from BIS hallmarking (IS 1417). 24K bullion is 995 or 999. Shops and city associations publish their own 22K and 18K rates, which can differ a little from this conversion.
Making charges, wastage and VA explained
Per gram or percentage. To compare two shops, turn both quotes into the same unit: a percentage = making per gram ÷ rate per gram × 100. At a 22K rate of ₹10,000 a gram, ₹800 a gram is 8%.
Wastage or VA (value addition), common in South India, is usually quoted as a percentage of the weight: 10% wastage on a 20 g piece charges 2 g of gold at the day's rate. Because it is charged at the gold rate, it works out the same as a 10% making charge; choose "% of metal value" above.
What drives making charges. Machine-made chains and plain bangles carry lower charges than handmade, antique, temple or filigree work. A fixed charge for the piece is common on light items and on diamond and studded jewellery.
FAQ
Frequently asked questions
How do I calculate the price of 10 grams of 22K gold jewellery?
Multiply 10 g by today's 22K rate per gram, add the making charges (for example ₹600 a gram is ₹6,000 on 10 g) and any stone charges, take off any discount, then add 3% GST on the total. Enter the weight, rate and making charges above and the calculator does it.
How do I calculate the 916 gold rate?
916 gold is 22K gold, 91.6% pure. Its rate is about the 24K rate × 22 ÷ 24, or × 0.9167. With 24K at ₹1,20,000 per 10 g, 22K works out to ₹1,10,000 per 10 g, or ₹11,000 a gram. Enter the 24K rate in the purity table above to see every karat.
How do I calculate the gold rate per gram?
Divide the published rate per 10 g by 10. A 22K rate of ₹1,10,000 per 10 g is ₹11,000 a gram. For a purity that is not published, multiply the 24K rate per gram by the karat ÷ 24.
How much GST is charged on 10 grams of gold jewellery?
3% of the full price before tax. If 10 g of 22K jewellery costs ₹1,10,000 in metal plus ₹8,000 in making, the GST is 3% of ₹1,18,000, which is ₹3,540 (₹1,770 CGST and ₹1,770 SGST), for a total of ₹1,21,540.
Is GST charged on making charges for gold jewellery?
Yes. For jewellery sold to a customer, GST at 3% applies to the full value, including making charges, whether or not they are shown separately on the bill.
How do I get the 22K rate from the 24K rate?
Multiply the 24K rate by 22/24 (about 0.9167). Choose "24K, convert" above and the calculator does it. Many shops publish their own 22K rate, which can differ a little from this conversion.
What are normal making charges on gold jewellery?
There is no fixed rate: making charges vary with the design, the work involved and the shop, and are usually lower on plain machine-made pieces than on handmade or detailed ones. Ask for the making charge in writing and compare shops by working it out as a percentage or as an amount per gram.
How do I calculate the selling price when I sell gold?
A jeweller buying your gold values it by net weight × tested purity × the day's 24K rate, less a deduction for melting and testing, which varies by shop. There is no GST when an individual sells their own jewellery to a jeweller. Ask for the purity test and the deduction in writing.
How is old gold valued in an exchange?
By its weight and purity at the day's rate, often less a deduction for melting and testing losses. The value is taken off the new bill. Ask the jeweller to test the purity in front of you and show the deduction on the bill.
More free tools
Other calculators for jewellers
Make these bills in seconds
Infovion JMS works out every jewellery bill like this, prints the GST invoice and keeps the stock right. Book a free demo call.