Calculator
Gold Jewellery Price Calculator
Estimate the final cost of any piece of gold jewellery — gold value plus making charges plus 3% GST.
Gold value
Making
GST (3%)
Total payable
How to calculate the price of a gold jewellery piece in India
A correctly itemised Indian gold jewellery bill has four components: gold value, making charges, any stones or diamonds, and 3% GST. The formula is:
Total = (Net gold weight × Per-gram rate × Purity factor) + Making charges + Stone value + 3% GST
where the purity factor is 1.0 for 24K, 0.916 for 22K, and 0.75 for 18K. The gold value is calculated on net weight (after subtracting any stones), and stones are billed at the jeweller's stone rate, not added back to gold.
Typical making charge ranges
- Plain chains, bangles, simple rings: 8–12%
- Earrings, mid-complexity necklaces: 12–18%
- Intricate handcrafted, antique-finish, designer: 18–25%
- Branded chain premium pieces: 20–30% (Tanishq, Malabar special collections)
Negotiation tips
- Always ask for an itemised bill, never a "consolidated" bill — itemised bills are easier to verify, exchange, and resell.
- Making charges are the most negotiable component. Branded chains may not budge but local jewellers will.
- The per-gram rate at the jeweller should be no more than 1% above today's IBJA rate. Anything more is a margin you don't need to pay.
- Verify the BIS hallmark and 6-digit HUID before paying. Use the BIS Care app to verify the HUID against the BIS database.
- For investment-purpose buying, prefer 24K coins or bars over 22K jewellery — making charges on jewellery are non-recoverable on resale.