Gold & Silver Price Calculator
The full jewellery bill — metal, wastage, making and 3% GST — from the rate you enter.
What do you want to work out?
Bill
Working
Rates for other purities
Scaled from your rate by fineness. A jeweller’s own rate for a purity can differ slightly.
| Purity | Per gram | Per 10 g |
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Results are estimates for general information and planning, not financial advice. Banks and institutions may calculate differently (rounding, fees, rate changes). Confirm figures with your lender or a qualified adviser before deciding.
About the Gold & Silver Price Calculator
Work out what a piece of gold or silver jewellery — or a coin or bar — should cost before you pay. Enter the weight, the purity (24K, 22K, 18K or any fineness) and the rate you were quoted today; add the making charge (as a percentage, per gram or a fixed amount), any wastage or value addition, stones and other charges, and 3% GST. You get the full invoice, line by line, with the working, the pure-metal content and the effective price per gram.
Two more modes answer the other questions people ask at the counter: what weight a budget buys once every charge and GST is included, and what old gold is worth at its tested purity after the buyer’s deduction — and what you pay after exchanging it. The calculator has no live prices: it uses the rate you type, and nothing you enter leaves your browser.
How to use it
- Choose Gold or Silver and what you want to know: the jewellery price, what my budget buys or the old gold value.
- Type today’s rate as your jeweller, bank or the Indian Bullion & Jewellers Association quotes it, per gram, 10 grams, kilogram, tola or troy ounce, and say which purity that rate is for. A 24K rate is scaled to 22K or 18K by fineness.
- Enter the piece: its purity and weight (or your budget), the making charge, wastage or VA, stone and other charges, and GST (3% for gold, silver and jewellery in India).
- Read the bill. Tick I am exchanging old gold to deduct its value; Copy gives you the whole breakdown to check against the jeweller’s estimate.
Examples
Gold ₹1,20,000 + making ₹14,400 = ₹1,34,400 · GST ₹4,032 (CGST ₹2,016 + SGST ₹2,016) · Total ₹1,38,432
Wastage 0.8 g = ₹9,600 · Taxable ₹1,44,000 · Total ₹1,48,320
13,000 × 916 ÷ 999 = ₹11,919.92 a gram
7.223 g — bill ₹99,989.44, ₹10.56 left over
₹1,19,199.20 − ₹2,383.98 = ₹1,16,815.22
Common uses
- Checking a jeweller’s estimate before you buy, line by line.
- Comparing two shops that quote making charges differently — one as a percentage, one per gram.
- Seeing how much 22K, 18K or 14K jewellery a fixed budget buys after GST.
- Estimating what old jewellery is worth in an exchange.
How a jewellery bill is worked out
- Metal value = weight × the rate per gram for the purity of the piece.
- Wastage / value addition (VA) is a percentage of the weight, charged at the same rate: 8% of 10 g is 0.8 g.
- Making charge is a percentage of the metal value, an amount per gram, or a fixed amount — shops quote it in different ways, so compare the rupee amounts.
- Taxable value = metal + wastage + making + stones and other charges.
- GST at 3% on the taxable value: 1.5% CGST + 1.5% SGST within a State, or 3% IGST from another State. Gold, silver, platinum, jewellery and coins (headings 7106–7118) are in Schedule IV of Notification 9/2025-Central Tax (Rate): 1.5% CGST, matched by 1.5% SGST — 3% in all.
When the rate you have is for a different purity — usually 24K — it is scaled by fineness: rate for 22K = rate for 24K (999) × 916 ÷ 999. Jewellers often publish their own 22K rate, which can differ slightly; use their board rate if you have it.
Purity, carats and hallmarks
Purity is fineness in parts per thousand: 22-carat jewellery is 916 (91.6% gold), 18K is 750, 14K is 585 — type 916, not 91.6. The BIS hallmarking FAQ lists six grades of gold jewellery under IS 1417:2016 — 14K(585), 18K(750), 20K(833), 22K(916), 23K(958) and 24KS(995) — and six grades of silver under IS 2112:2014 — 800, 835, 900, 925, 970 and 990. BIS has amended the Hallmarking Order since then, so go by the mark on the piece; 9K (375) is offered here as a plain fineness.
A hallmark on gold jewellery has three marks: the BIS logo, the purity (for example 22K916) and a six-digit alphanumeric HUID that is unique to the piece. BIS says the HUID can be checked in the BIS Care app. For any other fineness — 875 for 21K, for example — choose Other purity and type it.
Units
- 1 troy ounce = 31.1034768 g exactly (480 grains); international prices are quoted per troy ounce.
- 1 tola = 180 grains = 11.6638 g.
- Rates in India are often quoted per 10 grams for gold and per kilogram for silver.
Old gold in exchange
Old gold is valued at the purity it tests at — which can be lower than the purity claimed for it — at today’s rate, less a deduction that the buyer sets for melting and refining. Stones are not counted: enter the gold weight only. Here GST is worked out on the full price of the new piece and the old-gold value is then deducted from the total; ask your jeweller how their invoice shows an exchange.
Limitations
- No live gold or silver prices are included — the result is only as current as the rate you type.
- Making charges, wastage and exchange deductions are set by each shop; the calculator uses the figures you enter.
- GST is applied at the single rate you enter on the whole taxable value. Job-work (making only, with your own gold), hallmarking fees and import duties are not modelled separately.
- Amounts are rounded to the paisa; a shop may round its bill to the rupee.
Privacy
Everything happens in your browser. What you enter or open here is not uploaded or stored by MySmartCoPilot.
Frequently asked questions
How do I calculate the price of gold jewellery?
Multiply the weight by the rate per gram for its purity, add wastage and making charges and any stone charges, then add 3% GST. For 10 g of 22K at ₹12,000 a gram with 12% making: ₹1,20,000 + ₹14,400 = ₹1,34,400, plus GST ₹4,032 = ₹1,38,432.
How much GST is charged on gold jewellery?
3% of the taxable value — the metal, making charges, wastage and other charges together. Within a State that is 1.5% CGST + 1.5% SGST; from another State, 3% IGST.
How do I get the 22K rate from the 24K rate?
Multiply by 916 ÷ 999 when the 24K rate is for 999 gold (or 916 ÷ 995 for 995 gold). ₹13,000 a gram of 999 gold gives ₹11,919.92 a gram for 22K. The calculator does this when you say the rate is for 24K.
What is the difference between making charges and wastage?
Wastage (or value addition, VA) is extra metal charged for what is lost while making the piece, as a percentage of its weight, at the metal rate. Making charges pay for the work, as a percentage of the metal value, per gram or as a fixed amount. Some shops combine them into one figure.
How many grams are in a tola and a troy ounce?
A tola is 11.6638 g (180 grains); a troy ounce is 31.1034768 g. So 10 g is about 0.857 tola.
Does the calculator know today’s gold rate?
No. Gold and silver prices change through the day and differ by city and shop, so it uses the rate you enter. Check your jeweller’s board rate, your bank or the Indian Bullion & Jewellers Association before you calculate.