What is the difference between 22K and 24K gold?

24K gold is 99.9% pure and is mostly used for coins, bars and investment. 22K gold (91.6% purity) is alloyed with metals like copper and silver for hardness, and is the most common choice for jewellery in India.

What is 1 tola in grams?

1 tola equals 11.664 grams in India. This calculator converts tola, 10-gram and pavan (8 grams) inputs to grams automatically before computing the price.

Is GST applicable on gold jewellery?

Yes. As of 2026, GST is 3% on the total value of gold plus making charges. An additional 5% GST applies only on making charges in some interpretations, but the most common practice is a flat 3% on the combined total — which is what this calculator uses by default.

Gold Rate Calculator — India

Gold Price Calculator
22K · 24K · 18K · 14K

Instantly calculate the final price of gold jewellery — purity, making charges, wastage, GST & hallmarking fee, all in one place.

Purity

Weight

Unit

Today's Gold Rate (24K, per gram)

₹

Tap a city to pre-fill an indicative 24K rate. Always confirm with your jeweller before purchase.

Making & Wastage

Making charges

Wastage

Hallmark fee

₹

Taxes & Adjustments

Apply GST 3% On gold value + making + wastage (as per current Indian GST on bullion / jewellery)

Discount

Old gold exchange

₹

Want to know how much gold you can buy for a fixed budget? Enter your budget below — we'll subtract GST, making and hallmarking to estimate the pure-gold weight you can take home.

Your Budget

₹

Purity & Rate

Purity

24K rate / gram

₹

Making charges (%)

GST

You can buy approximately

— g

at the entered rate and making charge.

Estimated Price

Live breakdown updates as you type.

Grand Total

₹0

For 0 g of 24K gold

Effective rate / gram 22K @ 91.6% of 24K ₹0

Gold value ₹0

Making charges ₹0

Wastage ₹0

Subtotal ₹0

GST @ 3% ₹0

Hallmark fee ₹0

Weight in other units

Gram

10 g

Tola

Pavan

Quick answer

The price of gold jewellery in India is calculated as: (today's 24K rate per gram × purity factor × weight in grams) + making charges + wastage + 3% GST + hallmarking fee. Making charges are the largest variable and are negotiable at most jewellers. This calculator shows every component separately so you can check a bill line by line.

Purity factors: 24K = 0.999, 22K = 0.916, 18K = 0.750, 14K = 0.583
GST on gold jewellery is 3%, charged on gold value plus making charges
Weight units: 1 tola = 11.664 g, 1 pavan = 8 g
Example: 10 g of 22K at ₹7,000/g for 24K = 10 × 7,000 × 0.916 = ₹64,120 before making, wastage and GST

How the calculation works

1. Purity factor

Today's 24K rate is multiplied by a purity factor — 0.916 for 22K, 0.750 for 18K, 0.583 for 14K — to get the effective rate per gram for your gold.

2. Making charges

Most jewellers charge making either as a percentage of the gold value (typical: 8–25%) or as a flat ₹/g. Heavier or hand-crafted pieces usually cost more.

3. Wastage

An optional charge for the gold lost during crafting. Many modern brands now include this inside making charges and quote 0% wastage.

4. GST & Hallmark

GST is 3% on (gold + making + wastage). BIS hallmarking fee is a fixed ₹45 per article (you can edit it if your jeweller charges differently).

Frequently Asked Questions

Final price = (Today's 24K rate × purity factor × weight in grams) + Making charges + Wastage + GST 3% on (gold + making) + Hallmarking fee. This calculator does all of that for you and shows the breakdown.

24K is pure gold (99.9%), used for coins and bars. 22K (91.6%) is alloyed with metals like copper and silver for hardness — the standard for Indian jewellery. 18K (75%) is used for fine work and stone-set pieces. 14K (58.3%) is harder still, ideal for daily-wear and lighter on the pocket.

1 tola = 11.664 grams. A pavan (used in Kerala/Tamil Nadu) is 8 grams. This calculator converts your input automatically — just pick the unit.

Yes. As of 2026, GST is 3% on the total value of gold plus making charges. Some jewellers split it as 3% on gold and 5% on making — but the prevailing market practice and what this calculator uses by default is a flat 3% on the combined gold + making + wastage.

No — the city chips are indicative rates to help you start quickly. Gold prices change multiple times a day. Always confirm today's exact rate with your local BIS-certified jeweller before any purchase.

The exact formula this calculator uses

Every figure is derived in this order, so you can check a jeweller's bill line by line:

Effective rate = 24K rate per gram × purity factor — where 24K = 0.999, 22K = 0.916, 18K = 0.750, 14K = 0.583
Gold value = effective rate × weight in grams — input converted using 1 tola = 11.664 g, 1 pavan = 8 g
Making = gold value × making%, or a flat per-gram amount if you switch modes
Wastage = gold value × wastage%
GST = (gold value + making + wastage) × 3%
Total = gold value + making + wastage + GST + hallmark fee − discount − old gold value

Worked example. A 15 g plain 22K chain where today's 24K rate is ₹9,470 per gram and the jeweller charges 11% making: effective rate is 9,470 × 0.916 = ₹8,674, gold value is 8,674 × 15 = ₹1,30,110, making is ₹14,312, GST at 3% on the combined figure is ₹4,333, giving roughly ₹1,48,755 before hallmarking.

Sources and further reading

Gold rates move several times a day and are set by the market, not by this page. The purity factors, unit conversions and tax rate used here are stable; the rate you type in is not. Verify against these sources before transacting.

Bureau of Indian Standards (BIS) — the hallmarking authority. BIS hallmarking of gold jewellery is mandatory in notified districts; the hallmark carries the purity grade and a HUID. Check a jeweller's registration and verify a HUID here.
India Bullion and Jewellers Association (IBJA) — publishes the reference bullion rates that most Indian jewellers price from.
CBIC-GST — official GST rate notifications, including the rate applicable to gold and to making charges.
Reserve Bank of India — Sovereign Gold Bond issuance and gold-related monetary policy, relevant if you are buying gold as an investment rather than as jewellery.
IGS guide: how today's gold rate in India is set — how the retail rate is derived from the international spot price, and 11 buying rules.

Published by Intech Global Solutions, Patna. Last reviewed 24 July 2026. Estimation tool only — not investment advice. Always confirm the prevailing rate and making charge with a BIS-registered jeweller before buying.

Disclaimer: The rates shown in the city chips are indicative and may not reflect the live market price. This tool is provided for estimation only — Intech Global Solutions is not liable for purchase decisions based on these calculations. Always verify the prevailing rate with a BIS-certified jeweller before transacting.