Gold Jewellery Price & Making Charges Calculator

Don't get overcharged at the jewellery shop. Calculate the exact breakdown of your gold necklace, ring, or chain with BharatUtility's Gold Jewellery Price Calculator. Includes 22K 916 purity conversion, making charges, and statutory 3% GST.

Interactive Gold Jewellery Price & Making Charges Calculator
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Formula & Calculation Methodology

Final Price = [Raw Gold Value (Weight × Purity Rate) + Making Charges + ₹45 Hallmarking] × 1.03 (3% GST).

Step-by-Step Worked Example

Gold: 10 Grams | Purity: 22K (916 Hallmark) | 24K Rate: ₹7,250/g | Making: 12%

  1. 22K Rate = (22 ÷ 24) × ₹7,250 = ₹6,646 / gram
  2. Raw Gold Value = 10g × ₹6,646 = ₹66,460
  3. Making Charges (12%) = ₹7,975
  4. Hallmarking Charge = ₹45
  5. Taxable Amount = ₹74,480
  6. GST (3%) = ₹2,234
  7. Total Jewellery Invoice Price = ₹76,714
Result: Raw Gold: ₹66,460 | Making: ₹7,975 | 3% GST: ₹2,234 | Total: ₹76,714

How Indian Jewellers Calculate Gold Bill

Jewellery in India is primarily crafted in 22 Karat (91.6% purity with BIS 916 HUID hallmark) or 18 Karat (75% purity for diamond studded jewellery).

Making charges vary between 8% to 18% depending on the complexity of the craftsmanship. GST of 3% is applied on the total sum of gold value plus making charges.

Frequently Asked Questions

What is BIS 916 Hallmarking on gold?

BIS 916 indicates 22 Karat gold purity (916 parts pure gold out of 1000) certified with a 6-digit alphanumeric HUID (Hallmark Unique Identification) code by the Bureau of Indian Standards.

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