Gold Jewellery Rate Calculator

Gold Jewellery Rate Calculator

Price Breakdown

function calculateJewelleryPrice() { var rate10g = parseFloat(document.getElementById('goldRate10g').value); var weight = parseFloat(document.getElementById('jewelWeight').value); var purity = parseFloat(document.getElementById('purity').value); var makingPercent = parseFloat(document.getElementById('makingCharges').value); var gstPercent = parseFloat(document.getElementById('gstRate').value); if (isNaN(rate10g) || isNaN(weight) || isNaN(makingPercent) || isNaN(gstPercent)) { alert("Please enter valid numbers in all fields."); return; } // Logic: Gold Rate is usually quoted for 24K 10 grams var ratePerGram24K = rate10g / 10; var actualRatePerGram = ratePerGram24K * (purity / 24); var goldValue = actualRatePerGram * weight; var makingChargeAmount = (goldValue * makingPercent) / 100; var subtotal = goldValue + makingChargeAmount; var gstAmount = (subtotal * gstPercent) / 100; var finalTotal = subtotal + gstAmount; var resultArea = document.getElementById('resultArea'); var breakdown = document.getElementById('breakdownContent'); breakdown.innerHTML = "

Price of Gold (" + purity + "K): " + goldValue.toFixed(2) + "

" + "

Making Charges (" + makingPercent + "%): " + makingChargeAmount.toFixed(2) + "

" + "

Sub-Total: " + subtotal.toFixed(2) + "

" + "

GST (" + gstPercent + "%): " + gstAmount.toFixed(2) + "

" + "

Final Jewellery Price: " + finalTotal.toFixed(2) + "

"; resultArea.style.display = 'block'; }

How Gold Jewellery Prices are Calculated

Buying gold jewellery involves more than just the market price of gold. To get the final price you pay at the showroom, several factors are added together. Our Gold Jewellery Rate Calculator simplifies this complex math for you.

The Standard Formula

Final Price = (Price of Gold × Weight) + Making Charges + GST

Key Components Explained

• Gold Purity (Karat): 24K is 100% pure gold and is too soft for jewellery. Most jewellery is made in 22K (91.6% pure) or 18K (75% pure) to ensure durability. The price per gram decreases as the Karat decreases.
• Making Charges: These are the costs involved in designing and manufacturing the jewellery piece. They can be a flat fee per gram or a percentage of the gold's value. Modern intricate designs usually carry higher making charges.
• GST (Goods and Services Tax): In many regions, a standard tax is applied to the sum of the gold value and making charges. For example, in India, a 3% GST is typically applied to gold jewellery.

Example Calculation

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

1. Gold Price per Gram (22K): (60,000 / 10) * (22/24) = 5,500 per gram.
2. Value for 10 grams: 5,500 * 10 = 55,000.
3. Making Charges (10%): 10% of 55,000 = 5,500.
4. GST (3%): 3% of (55,000 + 5,500) = 1,815.
5. Total Price: 55,000 + 5,500 + 1,815 = 62,315.

Use our calculator above to instantly find the actual cost of your desired gold ornaments before visiting the store, ensuring transparency in your purchase.