Gold & Silver Rate & Jewellery GST Calculator

Check live city-wise Gold & Silver rates across India. Calculate true jewellery purchase bills including 8-25% making charges, BIS hallmarking fee, and 3% GST, plus old gold exchange valuation.

Interactive Gold & Silver Rate & Jewellery GST Calculator
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Formula & Calculation Methodology

Jewellery Invoice = (Gold Purity Rate × Grams) + Making Charges + 3% GST on (Gold + Making) + Hallmarking Fee (₹53.10)

Total = (Weight 	imes Rate + Making) 	imes 1.03 + Hallmark

Step-by-Step Worked Example

22K Gold: 12.5g @ ₹8,107/g | Making Charges: 12% | 3% GST

  1. Raw Gold Cost: 12.5g × ₹8,107 = ₹1,01,338
  2. Making Charges (12%): ₹1,01,338 × 0.12 = ₹12,161
  3. Subtotal before GST: ₹1,13,499
  4. 3% GST: ₹1,13,499 × 0.03 = ₹3,405
  5. BIS Hallmarking: ₹53.10
  6. Grand Total: ₹1,16,957
Result: Payable Amount: ₹1,16,957 (Effective ₹9,357/g)

Frequently Asked Questions

What is the GST rate on gold jewellery in India?

GST on gold jewellery is 3% applied on the combined value of raw gold and making charges, plus 18% GST on the BIS hallmarking charge (₹45 + 18% GST = ₹53.10).

What is the difference between 24K, 22K and 18K Gold?

24K is 99.9% pure gold (used for bullion coins/bars), 22K (916) contains 91.6% gold with 8.4% alloy metals for durability, and 18K (750) contains 75% gold, typically used for diamond studded jewellery.

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