Gram Gold Rate Calculator

Gram Gold Rate Calculator

24K (99.9% Pure) 22K (91.6% Pure) 18K (75.0% Pure) 14K (58.3% Pure)

Estimation Result

function calculateGoldPrice() { var purity = parseFloat(document.getElementById('goldPurity').value); var weight = parseFloat(document.getElementById('goldWeight').value); var priceTenGram = parseFloat(document.getElementById('marketPriceTenGram').value); var makingPercent = parseFloat(document.getElementById('makingChargesPercent').value); var taxRate = parseFloat(document.getElementById('taxRate').value); var resultDiv = document.getElementById('goldResult'); var detailsDiv = document.getElementById('resultDetails'); if (isNaN(weight) || isNaN(priceTenGram) || weight <= 0 || priceTenGram <= 0) { alert("Please enter valid positive numbers for Weight and Market Price."); return; } // Calculation Logic var pricePerGram24K = priceTenGram / 10; var pricePerGramSelectedPurity = pricePerGram24K * (purity / 24); var actualGoldValue = pricePerGramSelectedPurity * weight; var makingChargesAmount = actualGoldValue * (makingPercent / 100); var subtotal = actualGoldValue + makingChargesAmount; var taxAmount = subtotal * (taxRate / 100); var finalTotal = subtotal + taxAmount; detailsDiv.innerHTML = "Gold Value (" + purity + "K): " + actualGoldValue.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}) + "" + "Making Charges (" + makingPercent + "%): " + makingChargesAmount.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}) + "" + "GST / Tax (" + taxRate + "%): " + taxAmount.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}) + "" + "

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" + "Total Payable Amount: " + finalTotal.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}) + ""; resultDiv.style.display = 'block'; }

Understanding the Gram Gold Rate Calculation

Buying gold is a traditional and strategic investment for many. However, the price you see on news scrolls is often the base rate for 24K gold per 10 grams. When purchasing jewelry or bullion, the final "on-the-road" price includes several factors. Our Gram Gold Rate Calculator simplifies this complex math for you.

The Formula Behind the Calculation

To calculate the final price of a gold item, the following mathematical formula is generally used:

Final Price = [Gold Value (Weight × Rate per Gram)] + Making Charges + GST/Taxes

Factors Influencing the Gold Rate

• Purity (Karat): 24K is 99.9% pure, whereas 22K contains 91.6% gold mixed with other metals for durability. The price shifts proportionally based on the karat (e.g., 18K is 18/24 of the 24K price).
• Weight: Gold is primarily measured in grams, but can also be calculated in Tolas or Ounces. 1 Tola is approximately 11.66 grams.
• Making Charges: These are labor costs for crafting the jewelry. They can range from 3% to 25% depending on the intricacy of the design.
• GST/Taxes: Most regions apply a Value Added Tax or GST on the sum of the gold price and making charges.

Practical Calculation Example

Suppose the 24K gold rate is 60,000 for 10 grams, and you want to buy a 10-gram chain in 22K purity with 10% making charges and 3% GST:

1. Base 24K Gram Rate: 60,000 / 10 = 6,000 per gram.
2. 22K Gram Rate: 6,000 × (22/24) = 5,500 per gram.
3. Value for 10g: 5,500 × 10 = 55,000.
4. Making Charges (10%): 55,000 × 0.10 = 5,500.
5. Total before Tax: 55,000 + 5,500 = 60,500.
6. GST (3%): 60,500 × 0.03 = 1,815.
7. Final Price: 60,500 + 1,815 = 62,315.

Why Use Our Calculator?

Using a digital Gram Gold Rate Calculator prevents manual errors and ensures you aren't overcharged at the jewelry store. By entering the daily market rate and the weight of your desired piece, you can walk into a transaction with transparency and confidence.