Gold Rate Calculation in India

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Gold Rate Calculator India | Calculate Jewellery Price with GST & Making Charges :root { –gold-primary: #d4af37; /* Gold color */ –gold-dark: #aa8c2c; –text-dark: #333; –bg-light: #f9f9f9; –white: #ffffff; –border-color: #e0e0e0; } body { font-family: 'Segoe UI', Roboto, Helvetica, Arial, sans-serif; line-height: 1.6; color: var(–text-dark); margin: 0; padding: 0; background-color: var(–bg-light); } .container { max-width: 800px; margin: 0 auto; padding: 20px; } /* Calculator Styles */ .calculator-wrapper { background: var(–white); padding: 30px; border-radius: 12px; box-shadow: 0 4px 20px rgba(0,0,0,0.1); margin-bottom: 40px; border-top: 5px solid var(–gold-primary); } .calc-header { text-align: center; margin-bottom: 25px; } .calc-header h2 { margin: 0; color: var(–text-dark); font-size: 24px; } .input-group { margin-bottom: 20px; } .input-group label { display: block; margin-bottom: 8px; font-weight: 600; color: #555; } .input-wrapper { position: relative; } .input-prefix, .input-suffix { position: absolute; top: 50%; transform: translateY(-50%); color: #777; font-weight: 500; } .input-prefix { left: 12px; } .input-suffix { right: 12px; } input[type="number"], select { width: 100%; padding: 12px 15px; padding-left: 35px; /* space for prefix */ border: 1px solid var(–border-color); border-radius: 6px; font-size: 16px; box-sizing: border-box; transition: border-color 0.3s; } /* Adjust padding for inputs without prefix/suffix */ select, input.no-prefix { padding-left: 15px; } input[type="number"]:focus, select:focus { outline: none; border-color: var(–gold-primary); } .btn-calc { width: 100%; padding: 14px; background-color: var(–gold-primary); color: var(–white); border: none; border-radius: 6px; font-size: 18px; font-weight: bold; cursor: pointer; transition: background-color 0.3s; text-transform: uppercase; } .btn-calc:hover { background-color: var(–gold-dark); } .results-area { margin-top: 30px; padding: 20px; background-color: #fffbf0; border: 1px solid #ffeeba; border-radius: 8px; display: none; /* Hidden by default */ } .result-row { display: flex; justify-content: space-between; margin-bottom: 12px; font-size: 16px; } .result-row.total { border-top: 2px solid #ddd; padding-top: 12px; margin-top: 12px; font-weight: bold; font-size: 20px; color: var(–gold-dark); } .result-label { color: #555; } /* Article Styles */ .content-article { background: var(–white); padding: 30px; border-radius: 12px; box-shadow: 0 2px 10px rgba(0,0,0,0.05); } .content-article h1 { color: var(–text-dark); font-size: 32px; margin-bottom: 20px; } .content-article h2 { color: var(–gold-dark); font-size: 24px; margin-top: 30px; margin-bottom: 15px; border-bottom: 2px solid #f0f0f0; padding-bottom: 10px; } .content-article h3 { font-size: 20px; margin-top: 25px; color: #444; } .content-article p { margin-bottom: 15px; color: #444; } .content-article ul { margin-bottom: 20px; padding-left: 20px; } .content-article li { margin-bottom: 10px; } .highlight-box { background-color: #f0f7ff; border-left: 4px solid #007bff; padding: 15px; margin: 20px 0; border-radius: 0 6px 6px 0; } @media (max-width: 600px) { .container { padding: 10px; } .calculator-wrapper { padding: 20px; } .content-article h1 { font-size: 26px; } }

Gold Jewellery Price Estimator

Based on Current Market Rates in India

₹
24 Karat (99.9% Pure – Coins/Bars) 22 Karat (91.6% Pure – Standard Jewellery) 18 Karat (75.0% Pure – Diamond/Stone Jewellery)
g
%
Typically ranges from 8% to 25% depending on design intricate.
Base Gold Cost (): ₹0
Making Charges (0%): ₹0
Subtotal (Before Tax): ₹0
GST (3% on Subtotal): ₹0
Final Price to Pay: ₹0

*Note: Prices at showrooms may vary slightly due to hallmarking charges (~₹45/item) or stone costs.

How to Calculate Gold Jewellery Price in India

Buying gold in India is not just a purchase; it's a tradition and a significant investment. Whether you are buying for a wedding, a festival like Dhanteras, or simply as a hedge against inflation, understanding how jewellers calculate the final price is crucial. Many buyers look at the gold rate in the newspaper and are surprised when the final bill at the showroom is significantly higher. This guide explains the exact math behind gold pricing in India.

The Gold Price Calculation Formula

The price of a piece of jewellery in India is never just the weight of gold multiplied by the rate. The final invoice includes the purity adjustment, making charges (labor/wastage), and the mandatory Goods and Services Tax (GST).

Standard Formula:
Final Price = (Price of Gold × Weight) + Making Charges + GST (3%)

1. Current Gold Rate (24K vs 22K)

Most advertised gold rates (in newspapers or online) are for 24 Karat (99.9% pure) gold per 10 grams. However, 24K gold is too soft for intricate jewellery. Most jewellery in India is made of 22 Karat (91.6% pure) gold.

  • 24K: Used for coins and bars.
  • 22K: Used for necklaces, bangles, rings, and chains.
  • 18K: Used for diamond and gemstone jewellery (stones need harder metal to hold them).

To find the rate per gram for your jewellery, you first convert the 10g 24K price to a 1g price, then adjust for purity. For example, if the 24K rate is ₹72,000 per 10g, the 1g rate is ₹7,200. The 22K rate per gram would be approx ₹7,200 × (22/24) = ₹6,600.

2. Making Charges (Wastage)

Gold does not shape itself. "Making charges" cover the cost of the skilled labor required to design and manufacture the piece. In India, this is often quoted as a percentage of the current gold price or as a flat rate per gram.

Making charges vary widely based on the design:

  • Simple Chains/Bangles: 8% to 12%
  • Intricate Temple Jewellery: 15% to 25%
  • Designer/Antique Pieces: 20% to 30%+

3. GST (Goods and Services Tax)

As per current Indian government regulations, a flat 3% GST is applied to the final value of the gold and the making charges combined. It is not just on the making charges; it applies to the entire value of the metal.

Example Calculation

Let's say you want to buy a 15-gram gold chain.

  • Market Rate (24K): ₹72,000 per 10g.
  • Purity Chosen: 22K (Standard for chains).
  • Making Charges: 12%.

Step 1: Find 22K Rate per gram
(72,000 / 10) × 0.916 = ₹6,595.20 per gram.

Step 2: Base Gold Cost
15 grams × ₹6,595.20 = ₹98,928.

Step 3: Making Charges (12%)
12% of ₹98,928 = ₹11,871.36.

Step 4: Subtotal
₹98,928 + ₹11,871.36 = ₹110,799.36.

Step 5: Add GST (3%)
3% of ₹110,799.36 = ₹3,323.98.

Total Price: ₹114,123 (approx).

Hallmarking Charges

Since the BIS (Bureau of Indian Standards) hallmark became mandatory, jewellers may add a nominal fee for hallmarking. This is usually a flat fee (around ₹45 + GST per item) and is not dependent on the weight of the jewellery.

function calculateGoldPrice() { // 1. Get input values var rate24kStr = document.getElementById("goldRate24k").value; var purityStr = document.getElementById("jewelleryPurity").value; var weightStr = document.getElementById("itemWeight").value; var makingStr = document.getElementById("makingCharges").value; // 2. Validate inputs if (rate24kStr === "" || weightStr === "" || makingStr === "") { alert("Please fill in all fields (Gold Rate, Weight, and Making Charges)."); return; } var rate24k_10g = parseFloat(rate24kStr); var purityKarat = parseFloat(purityStr); var weightGrams = parseFloat(weightStr); var makingPercent = parseFloat(makingStr); if (isNaN(rate24k_10g) || isNaN(weightGrams) || isNaN(makingPercent)) { alert("Please enter valid numbers."); return; } if (weightGrams <= 0 || rate24k_10g <= 0) { alert("Weight and Gold Rate must be greater than zero."); return; } // 3. Calculation Logic // Step A: Determine Rate per 1 Gram for 24K var rate24k_1g = rate24k_10g / 10; // Step B: Adjust rate based on selected purity (Karat / 24) // Formula: (24K Rate) * (Selected Karat / 24) var appliedRatePerGram = rate24k_1g * (purityKarat / 24); // Step C: Calculate Base Cost of Gold var baseGoldCost = appliedRatePerGram * weightGrams; // Step D: Calculate Making Charges // Making charges are calculated on the value of gold in this logic (common practice) var makingCost = baseGoldCost * (makingPercent / 100); // Step E: Subtotal var subtotal = baseGoldCost + makingCost; // Step F: GST (3% fixed in India for Gold) var gstAmount = subtotal * 0.03; // Step G: Final Total var finalAmount = subtotal + gstAmount; // 4. Update UI // Helper to format currency var formatINR = new Intl.NumberFormat('en-IN', { style: 'currency', currency: 'INR', maximumFractionDigits: 0 }); document.getElementById("purityDisplay").textContent = purityKarat + "K"; document.getElementById("baseCostDisplay").textContent = formatINR.format(baseGoldCost); document.getElementById("makingPercentDisplay").textContent = makingPercent; document.getElementById("makingCostDisplay").textContent = formatINR.format(makingCost); document.getElementById("subtotalDisplay").textContent = formatINR.format(subtotal); document.getElementById("gstDisplay").textContent = formatINR.format(gstAmount); document.getElementById("finalPriceDisplay").textContent = formatINR.format(finalAmount); // Show result container document.getElementById("resultContainer").style.display = "block"; }

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