Gold Price Calculator India 2026
Calculate gold value in INR for 24K, 22K, 18K gold. Get accurate jewelry prices with making charges, GST, and convert between grams, tola, bhori, pavan
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What is Gold Price Calculator?
Gold Price Calculator helps you calculate the exact value of gold jewelry or gold in INR (Indian Rupees) based on weight, purity (24K, 22K, 18K, 14K), making charges, and GST. Whether you're buying jewelry, selling gold, or just checking today's gold value, our calculator gives you accurate pricing instantly.
The calculator supports multiple weight units including grams, milligrams, tola, bhori, pavan (pown), and anna - making it perfect for Indian gold buyers. You can calculate gold prices with making charges as a percentage or per-gram, and see the complete breakdown including GST (3% on gold in India).
Who Should Use This Calculator
- Jewelry buyers - Verify jeweler's quoted price before purchase
- Gold sellers - Estimate selling price when liquidating gold
- Gold loan applicants - Calculate maximum loan amount based on gold value
- Investors - Track gold portfolio value across different purities
- Traditional unit users - Convert tola, bhori, pavan prices to current rates
Important Considerations
- Gold rates fluctuate daily - always verify current rate before transactions
- Making charges vary significantly by jeweler and design complexity
- Buyback prices are typically 2-5% lower than current purchase rates
- GST and making charges are NOT refunded when selling back gold
Note: This calculator provides estimated values. Always get BIS hallmarked jewelry and itemized bills showing weight, purity, rate, making charges, and GST separately.
Tips & Hidden Charges to Watch Out For
Smart Buying Tips
- Always ask for BIS hallmarked jewelry (mandatory in India)
- Compare making charges across 3-4 jewelers before buying
- Buy during festival offers when making charges are waived
- Get itemized bill with weight, purity, rate mentioned separately
- For investment, consider gold ETFs (no making charges or GST)
Hidden Charges
- Wastage charges (3-10%) added on top of making charges
- Stone/Diamond charges calculated separately at premium rates
- GST 3% on BOTH gold value AND making charges
- Lower buyback rates (2-5% below spot) when selling
- Brand premium for designer/branded jewelry (10-30% extra)
Gold Price Calculator FAQs
Everything you need to know about gold pricing, making charges, GST calculation, and jewelry value in India
How is gold price calculated in India?
Gold price in India is calculated per gram based on international gold rates, converted to INR. The price varies by purity: 24K (99.9% pure) is the base rate, 22K (91.6% pure) costs about 91.6% of 24K rate, 18K (75% pure) costs 75% of 24K rate. Final jewelry price = (Gold weight in grams × Purity × Rate per gram) + Making charges + GST (3%). Making charges are typically 8-25% of gold value or a fixed amount per gram. Different cities have slightly different rates due to local taxes and transportation costs.
What is the difference between 24K, 22K, and 18K gold prices?
Gold purity directly affects the price: 24K Gold (99.9% pure) - Highest price, softest, not ideal for jewelry due to malleability. 22K Gold (91.6% pure) - Most common for jewelry in India, balances purity and durability, costs 91.6% of 24K rate. 18K Gold (75% pure) - More durable, often used for modern/designer jewelry, costs 75% of 24K rate. For example, if 24K gold is ₹6,500/gram, then 22K is ₹5,954/gram and 18K is ₹4,875/gram. Lower karat gold is mixed with other metals (copper, silver) for strength and durability.
How to calculate gold value for jewelry purchase?
To calculate total gold jewelry cost, follow this formula: Step 1: Calculate pure gold value = Weight in grams × Purity factor × Rate per gram. Step 2: Add making charges = Either percentage of gold value (8-25%) or fixed per gram (₹300-800/g). Step 3: Add GST = (Gold value + Making charges) × 3%. Example: For 10g of 22K gold at ₹5,954/g with 10% making charges: Gold value = 10 × ₹5,954 = ₹59,540. Making charges = ₹59,540 × 10% = ₹5,954. GST = (₹59,540 + ₹5,954) × 3% = ₹1,965. Total = ₹67,459. Always ask for itemized bill showing gold value, making charges, and GST separately.
What are making charges and how much should I pay?
Making charges (also called craftsmanship charges) are fees for converting raw gold into jewelry. There are two types: Percentage-based: 8-25% of gold value, depending on design complexity. Simple designs: 8-12%, Moderate designs: 12-18%, Intricate designs: 18-25%. Per gram charges: Fixed amount per gram, typically ₹300-800/g for plain jewelry and ₹500-1,500/g for designer pieces. Making charges are negotiable and vary by jeweler. During festival sales, many jewelers offer discounts or waive making charges. Always clarify making charges before purchase and get them mentioned in the invoice.
How to calculate gold price per tola, bhori, or pavan?
Indian traditional units can be converted to grams for price calculation: 1 Tola = 11.6638 grams, so Tola price = Gram price × 11.6638. 1 Bhori/Vori = 11.6638 grams (same as Tola). 1 Pavan/Pown = 8 grams, so Pavan price = Gram price × 8. Example: If 22K gold is ₹5,954/gram, then 1 Tola (22K) = ₹5,954 × 11.6638 = ₹69,464, 1 Pavan (22K) = ₹5,954 × 8 = ₹47,632. Use our calculator to automatically convert between units and get accurate pricing.
Why does gold price vary by city in India?
Gold prices vary slightly across Indian cities due to: Local taxes and levies - Different states have varying tax structures. Transportation costs - Moving gold from refineries to retail locations. Demand-supply dynamics - High-demand cities may have marginally higher prices. Typical variation is ₹50-200 per gram between cities. Major cities like Mumbai, Delhi, Chennai, Kolkata, and Bangalore generally have competitive rates due to high volume. Smaller cities may have slightly higher prices. Check local rates before purchase and compare with nearby cities if buying in bulk.
What is GST on gold and how is it calculated?
GST on gold in India is 3% and applies to the total of gold value plus making charges. GST calculation: GST = (Gold value + Making charges) × 3%. Important points: GST is on gross amount (gold + making), not just gold value. Making charges also attract 3% GST. When selling back gold, you won't get GST refunded. GST invoice is mandatory for claiming input tax credit (for businesses). Example: Gold value ₹60,000 + Making ₹6,000 = ₹66,000. GST = ₹66,000 × 3% = ₹1,980. Total = ₹67,980. Always ask for proper GST invoice with GSTIN mentioned.
How to calculate gold buyback or selling price?
When selling gold back, you typically get: 95-98% of current gold rate (without making charges and GST). Calculation: Selling price = Weight in grams × Purity × Current rate × 95-98%. You DON'T get back: Making charges paid, GST paid, Premium for branded jewelry. Example: Bought 10g 22K for ₹67,000 (including making + GST). Selling at current 22K rate ₹5,954/g: Max you get = 10g × ₹5,954 × 97% = ₹57,754. Loss = ₹67,000 - ₹57,754 = ₹9,246. Best practice: Hold gold for long-term appreciation, not short-term trading. Buy from reputable jewelers with good buyback policies.
What is the best time to buy gold in India?
Best times to buy gold for value: Akshaya Tritiya - Many jewelers offer discounts and waive making charges. Diwali/Dhanteras - Festival offers and reduced making charges. End of financial year - Jewelers clear inventory with discounts. Gold price dips - When international prices drop. Best practices: Track gold prices for 2-3 weeks before buying. Compare making charges across multiple jewelers. Buy during promotions when making charges are reduced/waived. Consider gold ETFs for pure investment (no making charges). Avoid buying during wedding season (higher demand = premium rates). Remember: Gold is a long-term investment, timing the market perfectly is difficult.
How to verify if I'm paying the right gold price?
Verify gold pricing with these steps: Check today's rate - Visit multiple jewelers or check online gold rates. Verify purity - Ensure BIS hallmark stamp (mandatory in India). Calculate manually - (Weight × Purity × Rate) + Making + GST. Compare making charges - Should be competitive with market rates. Get itemized bill - Must show weight, purity, rate, making charges, GST separately. Request certificate - BIS hallmark certificate for purity verification. Red flags: Prices significantly lower than market (may indicate purity issues), Jeweler refuses to give itemized bill, No BIS hallmark on jewelry, Unclear making charges. Use our calculator to verify the quoted price before making payment.
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