Calculate gold jewellery price with making charges, wastage, and GST. 22K, 24K, 18K rates.
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Type a gram weight or budget for an instant answer.
= ₹1,47,183
= 2.04 g
Need making charges, wastage, or full jewellery bill? Use the calculator below.
At a sample 24K rate of ₹15,600/g, 10g of 22K (916) is about ₹1,47,183 (incl. 3% GST). 1 tola (11.664g) of 22K is about ₹1,71,674. ₹30,000 buys about 2.04g of 22K. ₹1 Lakh buys about 6.79g. Adjust the rate above to match your local jeweller.
Gold Value (22K (916))
10g x ₹15,600 x 91.6%
₹1,42,896
Making Charges
10g x ₹500/g
₹5,000
GST
3% on gold + making
₹4,437
TOTAL PRICE
₹1,52,333
Approx. Resale Value
~95% of gold value (no making/wastage/GST)
₹1,35,751
24K (99.9%)
₹15,584.40 /g
22K (916)
₹14,289.60 /g
18K (75%)
₹11,700.00 /g
14K (58.5%)
₹9,126.00 /g
Rates shown per gram based on your 24K input price.
Gold rate must be entered manually. Check your local jeweller or Google "gold rate today [city]" for current rates.
GST: 3% on the total jewellery value (gold + making + wastage). Retail jewellery is a composite supply; the separate 5% rate applies only to job-work or repair, not a retail sale.
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Gold jewellery price in India = (weight x per-gram rate x purity) + making charges + wastage, then 3% GST on that whole total. As of June 2026, 24K (999) gold is around Rs 15,600/g and 22K (916) around Rs 14,300/g - these are illustrative sample values, not a live feed: IBJA revises rates twice daily (11 AM and 4:30 PM IST), so enter today's actual rate for an exact figure. Purity: 24K = 99.9%, 22K = 91.6%, 18K = 75%, 14K = 58.5%. 1 tola = 11.664 g. Every hallmarked piece carries three marks - a BIS triangle, the purity grade and a 6-character HUID. Making charges (3-25% of gold value) and wastage are sunk costs at resale, so jewellery is a weak investment versus Sovereign Gold Bonds or gold ETFs.
| 24K sample rate (Jun 2026) | ~Rs 15,600/g (999, illustrative - not live) |
| 22K sample rate (Jun 2026) | ~Rs 14,300/g (916, illustrative - not live) |
| Purity grades | 24K = 999 (99.9%), 22K = 916 (91.6%), 18K = 750 (75%), 14K = 585 (58.5%) |
| 1 tola | 11.664 grams |
| GST (retail jewellery) | 3% on the total value (gold + making + wastage) - composite supply; the 5% rate applies to job-work/repair only |
| Making charges | 3-25% of gold value (higher for intricate designs) |
| Import duty | 15% effective (10% BCD + 5% AIDC), from 13 May 2026 |
| IBJA rate updates | Twice daily, 11 AM and 4:30 PM IST |
| BIS hallmark | 3 marks: BIS triangle + purity/karat grade + 6-character HUID (the old jeweller and assay-centre marks were retired when HUID became mandatory on 1 April 2023) |
| Price formula | [(weight x rate x purity) + making + wastage] x 1.03 (3% GST on the total) |
Buying gold jewellery in India involves more than just the current gold rate. The final bill includes making charges (the cost of crafting), wastage (gold lost during manufacturing), 3% GST on the total transaction value (gold plus making and wastage), since a retail jewellery sale is a composite supply. Understanding each component lets you compare prices across jewellers and negotiate better. The default 24K rate seeded in the calculator is a recent representative value - replace it with today's actual rate from IBJA or your local jeweller for an accurate result.
Gold purity is measured in karats: 24K (999) is 99.9% pure (too soft for jewellery on its own), 22K (916) is 91.6% pure (the workhorse of Indian gold jewellery), 18K (750) is 75% pure (used for diamond settings) and 14K (585) is 58.5% pure (more common in Western jewellery). The numbers in brackets are the millesimal fineness shown on the BIS hallmark - 916 is just another way of saying 22K.
Indicative pure gold value (no making charges, no GST) at illustrative June 2026 rates - 24K at Rs 15,600/g, 22K at Rs 14,300/g. These are sample values, not a live feed: actual rates are revised twice daily by IBJA at 11 AM and 4:30 PM IST and vary by city. Use the calculator above with today's rate from your jeweller for the precise figure.
| Weight | 24K @ Rs 15,600/g | 22K @ Rs 14,300/g |
|---|---|---|
| 1 g | Rs 15,600 | Rs 14,300 |
| 5 g | Rs 78,000 | Rs 71,500 |
| 8 g (typical chain) | Rs 1,24,800 | Rs 1,14,400 |
| 10 g | Rs 1,56,000 | Rs 1,43,000 |
| 11.664 g (1 tola) | Rs 1,81,958 | Rs 1,66,795 |
| 20 g (typical bangle) | Rs 3,12,000 | Rs 2,86,000 |
| 50 g | Rs 7,80,000 | Rs 7,15,000 |
| 100 g | Rs 15,60,000 | Rs 14,30,000 |
Add making charges (3-25% of gold value), wastage and 3% GST to get the final jewellery price. Formula: Total = [(weight x rate per gram x purity) + making + wastage] x 1.03. Retail jewellery is a composite supply taxed at 3% on the whole value; the 5% GST rate applies only to standalone job-work or repair.
Tola is a traditional Indian unit of mass still widely used in north Indian gold jewellery markets. The official conversion is 1 tola = 11.664 grams. Some older shops loosely round to 11.66g, but the precise value is 11.664g. To convert tola to grams, multiply by 11.664; to convert grams to tola, divide by 11.664. The calculator above takes weight in grams - enter (tolas x 11.664) if your jeweller quoted in tolas.
The BIS hallmark is the official quality stamp from the Bureau of Indian Standards under the BIS Act 1986. Mandatory hallmarking for gold jewellery rolled out in stages from June 2021. Since April 2023, every hallmarked piece must also carry a 6-character alphanumeric Hallmark Unique Identification (HUID) number that traces it to a specific assaying centre and date.
Since 1 April 2023, a genuine BIS hallmark on jewellery carries three marks:
Always check for the BIS triangle and HUID before paying. You can verify any HUID on the BIS Care app or website. Without a hallmark, you have no guarantee of the claimed purity, and a 22K-marked piece could secretly be 18K or lower.
If your goal is wealth-building rather than wearing it, jewellery is one of the worst forms of gold investment. The 10-25% making charges and 2-10% wastage are sunk costs - they vanish the moment you walk out of the shop, since resale value is based only on the gold weight, not what you paid for craftsmanship. Add 3% GST on top and you are typically 15-30% underwater on day one.
For investment, consider the alternatives. We compared physical gold, Sovereign Gold Bonds (SGB) and gold ETFs in detail in this guide on what Rs 1 lakh in each looks like after 5 years. Short version: SGBs pay 2.5% additional annual interest and are GST-exempt at purchase. Note: under Union Budget 2026 (effective 1 April 2026), the capital-gains tax exemption at maturity now applies only to original subscribers who hold the bond continuously to redemption. Secondary-market SGB buyers pay 12.5% LTCG (over 12 months) or slab-rate STCG.
Gold rates fluctuate with global spot prices, the rupee-dollar rate, import duty (15% as of 13 May 2026 - 10% BCD plus 5% AIDC) and city-level taxes. The rates and tax structure mentioned here can change with each Union Budget - verify before acting on large purchases.