Gold Rate Calculator (24K, 22K, 18K Jewellery Price & GST)

Calculate the final retail billing price of gold jewellery in India. Factor in purity (24K, 22K, 18K), weight, jeweler making charges, 3% GST, and BIS hallmarking fees.

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A 10-gram 22K (916 fineness) gold jewellery piece at a ₹75,000/10g 24K benchmark costs ₹68,700 in gold value plus ₹6,870 making charges (10%), totaling ₹77,890 including 3% GST (₹2,267) and BIS hallmarking (₹53.10).

Gold Jewellery Price Calculator

BIS 916 & 3% GST Norms

Calculate retail jewellery invoice cost or old gold exchange payout with accurate purity breakdown.

Gold Weight (Grams)

Gross weight of ornament in grams.

Gold Purity Level

22 Karat (916) is the standard for plain gold jewellery in India.

Benchmark 24K Gold Rate (per 10 Grams)

₹

Current 24-karat market gold rate (e.g. IBJA rate per 10 grams).

Making Charges Type

Making Charges Rate (%)

Typical making charges range from 8% to 20%.

Include BIS Hallmarking Fee

Statutory ₹45 + 18% GST = ₹53.10 per article.

Jewellery Billing Price

Total Invoice Price

₹77,890

Includes pure gold, making, GST & hallmarking

Effective Gold Rate

₹6,870/g

For 22K (91.6% pure)

Net Gold Value (10g):₹68,700

Jeweller Making Charges:₹6,870

Subtotal (Gold + Making):₹75,570

GST (3% on Gold + Making):₹2,267

BIS Hallmarking (with 18% GST):₹53.10

Final Retail Bill:₹77,890

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How does the Gold Price Calculator work?

Gold jewellery pricing in India follows a standardized formula mandated by the Bureau of Indian Standards (BIS): Final Price = (Weight in grams x Gold Rate per gram) + Making Charges + 3% GST on (Gold + Making Charges) + BIS Hallmarking Fee.

Purity Standards: 24 Karat is 99.9% pure, 22 Karat (916 Hallmarked) is 91.6% pure, and 18 Karat is 75.0% pure.

The effective rate per gram for 22K gold equals (24K rate per gram x 91.6) / 100.

Making charges can be billed as a percentage of gold value (typically 8% to 25%) or as a flat per-gram rate.

BIS Hallmarking fee is legally fixed at ₹45 per article plus 18% GST (total ₹53.10 per jewellery piece).

When selling or exchanging old gold, jewellers deduct melting loss and purity variance, but making charges and GST are non-refundable.

Worked example with an illustrative rate (enter today's rate in the calculator): if 24K gold is ₹13,000 a gram, 22K works out to ₹11,908 a gram (13,000 × 91.6%). A 10-gram 22K chain is then ₹1,19,080 of gold. With 12% making charges (₹14,290), 3% GST on the gold and making charges (₹4,001) and the ₹53.10 hallmarking fee, the bill comes to about ₹1,37,424.

Making charges are where jewellery prices differ most between shops, often more than the gold rate itself. Ask for the making charge as a percentage of gold value or per gram, and compare the total, not just the rate per gram. If you plan to borrow against gold, the Gold Loan EMI Calculator shows how much a lender will advance.

Gold rate per gram by purity

Purity	Gold content	Rate per gram if 24K is ₹13,000	10 grams
24K (999)	99.9%	₹13,000	₹1,30,000
22K (916)	91.6%	₹11,908	₹1,19,080
18K (750)	75%	₹9,750	₹97,500

Illustrative 24K rate only; enter today's rate in the calculator. Making charges, 3% GST and the hallmarking fee are added on top of these gold values.

Gold Price Calculator formula

Final Invoice = (Gold Value + Making Charges) x 1.03 + BIS Hallmarking (₹53.10)

Gold Value: = Weight in grams x (24K Rate / 10) x (Purity % / 100)
Making Charges: = Jeweller fee (% of gold value or ₹ per gram)
GST: = 3% statutory GST applied on gold value plus making charges
Hallmarking: = Statutory BIS fee of ₹45 + 18% GST = ₹53.10 per article

Exchange mode: jewellers deduct 1% to 2% melting loss; making charges and GST are not recovered.

Gold Price Calculator: worked example

10 Gram 22K (916) Jewellery Billing with 10% Making & 3% GST

Weight of Ornament: 10 Grams
Gold Purity Level: 22K (91.6% Pure)
Effective 22K Gold Rate: ₹6,870 / gram
Net Gold Metal Value: ₹68,700
Jeweller Making Charges (10%): ₹6,870
Subtotal Before Taxes: ₹75,570
GST on Gold & Making (3%): ₹2,267
Mandatory BIS Hallmarking Fee: ₹53
Final Retail Invoice Amount: ₹77,890

Gold Price Calculator: frequently asked questions

How is 22K gold rate calculated from 24K gold rate?

To find the 22K rate per gram, divide the 24K rate per 10 grams by 10 to get the 24K per gram rate, then multiply by 0.916 (91.6% purity). For example, if 24K is ₹75,000 per 10g (₹7,500/g), 22K is ₹7,500 x 0.916 = ₹6,870 per gram.

What is the GST rate on gold jewellery in India?

A 3% GST is charged on the combined total of gold value plus making charges. In addition, the mandatory BIS hallmarking fee carries an 18% GST (totaling ₹53.10 per article).

What is BIS hallmark 916 on gold jewellery?

BIS 916 signifies 22 Karat gold having 91.6% pure gold and 8.4% alloy metals (such as copper or silver) for structural strength. Every hallmarked piece contains a 6-digit alphanumeric HUID (Hallmark Unique Identification).

What is the typical making charge on gold jewellery?

Making charges typically range from 8% to 15% for plain machine-made jewellery, and from 15% to 25% or higher for intricate handcrafted or temple jewellery.

How much money do jewellers deduct when selling old gold?

When you sell or exchange old jewellery, you receive value only for the net weight of pure gold. Jewellers deduct 1% to 3% for melting loss, and do not refund past making charges or GST.

What is 18K gold used for in India?

18 Karat gold contains 75% pure gold. Because of its greater hardness and durability, it is the industry standard for diamond and gemstone-studded jewellery.

How is the gold jewellery price calculated?

Gold value = rate per gram for the purity × weight. Add the making charge, then 3% GST on the gold value plus making charges, plus the BIS hallmarking fee of ₹45 + GST per piece. The total is the bill amount.

Authoritative Sources

Bureau of Indian Standards (BIS) Gold Hallmarking Norms· verified 20 October 2026
India Bullion and Jewellers Association (IBJA) Daily Benchmarks· verified 20 October 2026

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Reviewed by Pradipta Ray, MBA (Finance) · Updated 10 November 2026