About the Gold Jewellery Price Calculator
This gold jewellery price calculator shows how a jeweller arrives at the final bill. Enter the net gold weight, the day’s rate per gram for the karat you are buying (22K or 18K, as displayed in the shop), and the making charge — as a percentage of the gold value, a rate per gram or a flat amount. Add any wastage (value addition) percentage and stone or hallmarking charges, and it applies GST to give the total and a line-by-line breakdown.
It is meant for anyone in India comparing quotes from different jewellers, checking an estimate before buying a wedding set, or understanding why two chains of the same weight cost differently. Making charges and wastage vary widely — from a few percent on plain machine-made chains to 20–25% or more on intricate handcrafted pieces — and are usually where the bargaining happens.
Gold and articles of jewellery attract GST at 3% (1.5% CGST + 1.5% SGST, or 3% IGST), a rate left unchanged by the September 2025 GST rate rationalisation, and when the jeweller sells you the finished piece, making charges, wastage and stones are part of the same taxable value. The default rate of ₹13,550 per gram for 22K is only an example; use the board rate on the day you buy. Check for the BIS hallmark and six-digit HUID on the piece.
With the default inputs, the final price incl. gst is ₹156,312.80. Change any value above to recalculate instantly.
How to use the gold jewellery price calculator
- 1Enter the net gold weight in grams from the price tag or estimate.
- 2Enter the jeweller’s rate per gram for that karat (22K, 18K…).
- 3Choose how making charges are quoted and enter the figure.
- 4Add wastage and any stone or hallmarking charges.
- 5Check the GST rate (3% for gold jewellery) and read the final price and breakdown.
Formula and method
The gold value is the net weight W in grams times the day’s rate R per gram for the karat being bought. Making charges are added either as a percentage of the gold value, a rate per gram × weight, or a flat amount. Wastage (sometimes called value addition) is a further percentage of the gold value, and stone, hallmarking or certification charges are added at cost.
GST is then applied to the whole taxable value. Gold and jewellery are in the 3% GST schedule, and when a jeweller sells a finished piece the making charges form part of the same supply, so the default applies 3% to everything. Some jewellers bill stones or services differently; adjust the GST rate if your invoice shows otherwise.
- W
- Net gold weight in grams
- R
- Gold rate per gram for the karat
- Making
- Making charge (% of gold value, per gram or flat)
- GST%
- GST rate, 3% for gold jewellery
Worked examples
10 g 22K jewellery, 12% making, 3% GST
10 g × ₹13,550 = ₹1,35,500 of gold. 12% making adds ₹16,260, giving a taxable value of ₹1,51,760. GST at 3% is ₹4,552.80, so the bill is ₹1,56,312.80 — about ₹15,631 per gram.
8 g at ₹1,200/g making plus 5% wastage
8 g × ₹13,550 = ₹1,08,400. Making at ₹1,200 per gram is ₹9,600 and 5% wastage is ₹5,420, so the taxable value is ₹1,23,420. Adding 3% GST (₹3,702.60) gives ₹1,27,122.60.
5 g 18K chain, ₹2,500 flat making
5 g of 18K at ₹11,100 per gram is ₹55,500. A flat ₹2,500 making charge brings it to ₹58,000, and 3% GST adds ₹1,740 for a total of ₹59,740.
Frequently asked questions
What is the GST on gold jewellery?+
Gold and articles of gold jewellery attract 3% GST — 1.5% CGST plus 1.5% SGST within a state, or 3% IGST across states. It is charged on the full invoice value, including making charges billed by the jeweller.
How are making charges calculated?+
Jewellers quote making charges as a percentage of the gold value (commonly about 8–25%), as a fixed rate per gram, or as a flat amount for a piece. Machine-made chains usually carry lower charges than handcrafted or antique designs.
What is wastage in gold jewellery?+
Wastage or value addition (VA) is an extra charge, usually a percentage of the gold value, meant to cover gold lost while cutting, soldering and polishing. Many jewellers now fold it into a single making charge, so compare total charges rather than one figure.
Why is the gold rate different from the news price?+
News reports usually quote 24K (999) prices, often excluding GST, while jewellery is mostly 22K (916) or 18K (750). Each jeweller also sets its own board rate, so use the rate shown in the shop for the karat you buy.
How do I check that my jewellery is genuine?+
Hallmarked jewellery in India carries the BIS mark, the purity grade (such as 22K916) and a six-digit HUID code. You can verify the HUID in the government’s BIS CARE app before or after buying.
Results are estimates for educational purposes and are not financial advice. Rates, fees and terms vary — confirm with your lender or a licensed advisor before making decisions.