Gold Price Calculator — Jewellery Cost With Making Charges & GST
The price on the jeweller's tag is never just rate × weight. Purity (22K jewellery is 91.6% gold), making charges (8–25% or a flat per-gram fee) and 3% GST all stack on top. Enter today's gold rate and see the honest, complete price of any piece — and exactly how much of it is metal vs charges vs tax.
💍 Calculate Jewellery Price
Total price
Gold value
Charges + GST
GST: 3% on gold value + 5% on separately-billed making charges. Ask for a composite bill (3% on everything) to save a little.
⚠️ Disclaimer: CalcSmart is not a tax, financial, legal or medical advisor. Calculators and content here are for general information only, compiled from publicly available rules and rates that change frequently. Always verify the accuracy and freshness of figures with official sources (e.g. incometax.gov.in, cbic.gov.in, your bank) or a qualified professional before acting on any result.
How Jewellery Pricing Works
Final price = (rate per gram × purity factor × weight) + making charges + GST. Each component:
Rate: the rate quoted in the news is for 24K (99.9% pure). Jewellers display both 24K and 22K rates; the 22K rate ≈ 24K × 0.916.
Purity: 22K = 91.6% gold (hallmarked "916"), 18K = 75% ("750"), 14K = 58.5% ("585"). Always check the BIS hallmark — six-digit HUID is mandatory.
Making charges: 8–15% for machine-made chains, 15–25%+ for handcrafted or designer pieces. Some jewellers quote ₹ per gram instead. This is the most negotiable line on the bill.
GST: 3% on the gold value and 5% on separately-billed making charges (3% on everything if billed as one composite price). Details in our GST on gold guide.
What a 10g 22K Chain Really Costs
Say the 24K rate is ₹10,000/gram. The 22K effective rate is ₹9,160. A 10-gram chain with 12% making charges:
Component
Amount
Gold value (10g × ₹9,160)
₹91,600
Making charges @ 12%
₹10,992
GST: 3% on gold + 5% on making
₹2,748 + ₹550
Total
₹1,05,890
About 13.5% of what you pay is charges and tax — which is also roughly what you lose the moment you'd resell (jewellers buy back only the metal value, never making charges or GST).
💡 Buying for investment? Coins/bars carry lower making charges (2–6%) than jewellery, and digital gold or gold ETFs carry none at all (ETFs also avoid the 3% GST). Jewellery is the costliest way to hold gold.
Frequently Asked Questions
Multiply the 24K rate by 0.916 to get the 22K rate, multiply by the weight in grams, add making charges (typically 8–25% of the gold value), then add GST — 3% on the gold value and 5% on separately-billed making charges. The calculator above does all of it in one step.
Machine-made chains and bangles: 8–15% of gold value. Handcrafted, antique or designer pieces: 15–25% or more. Coins and bars: 2–6%. Making charges are negotiable — and the single biggest difference between jewellers for identical gold weight.
News rates quote 24K (99.9% pure) gold. 22K jewellery is 91.6% gold, so its rate is about 8.4% lower. Jewellers may also add small local premiums. Multiply the 24K rate by 0.916 for a fair 22K benchmark.
Roughly the making charges plus GST you paid — typically 12–20% — because buyers pay for the metal only. Selling may also trigger capital gains tax: 12.5% LTCG if held over 24 months, slab rates if sold earlier.
Yes. BIS hallmarking with a six-digit HUID (Hallmark Unique Identification) is mandatory for gold jewellery sales. The hallmark certifies purity — '916' for 22K, '750' for 18K. Never buy unhallmarked jewellery at hallmarked prices.