What a gold necklace or ring should cost: rate, purity, making charges and GST
Estimates only, not financial advice. What you type stays on your device. Checked against sources on 23 Oct 2026, except the tola of 180 grains (Standards of Weights Act, 1939), not read that day; the Hindi page of the BIS FAQ, read 23 Oct 2026, shows Rs 35 a gold article, not the English page's Rs 45.A gold jewellery bill has four parts: the gold, priced at its purity share of the 24K rate (91.6% for 22K), the making charge, the hallmark charge, and 3% GST on the total. Enter the day’s 24K rate per 10 grams, the net weight and the jeweller’s making charge to check a quote before you pay.
Rates and rules read from the sources listed on this page (the earliest on 23 Oct 2026); they may have changed since. Not covered by that date: the tola of 180 grains (Standards of Weights Act, 1939), not read that day; the Hindi page of the BIS FAQ, read 23 Oct 2026, shows Rs 35 a gold article, not the English page's Rs 45.
Enter today's 24K rate per 10 g from your jeweller or a published rate.
Pick the Purity (hallmark) stamped on the piece and its Net gold weight.
Choose "Making charge as" a percent of gold value or rupees per gram, then enter the Making charge and Hallmark (HUID) charge.
Under "The gold is" choose the jeweller's gold (buying) or Mine (making only).
Read the Price of the jewellery with gold value, making, hallmark and GST shown separately.
You also see the price per gram once everything is added.
The calculator does three jobs: it prices a piece of gold jewellery the way a jeweller bills it, converts between karats, and converts tola, masha and ratti to grams.
How a jewellery bill is built. Gold rates are quoted for 24K (999) gold per 10 grams. A lower karat is charged at its purity share of that rate: 91.6% for 22K and 75% for 18K, the fineness the BIS hallmark stamps under IS 1417. The gold value is that rate per gram times the net weight. The making charge is added, either as a percentage of the gold value or as rupees per gram, then the hallmark (HUID) charge, which BIS collects from jewellers at ₹45 per article. GST is 3% on the total, making charges included, under Notification 9/2025-Integrated Tax (Rate), which kept gold at 3% when the GST rates changed on 22 September 2025.
What the calculator does not do. It does not fetch today's gold rate: enter the rate your jeweller or the day's bullion rate shows. It does not price diamonds or stones, and it does not work out old-gold exchange value, wastage or discounts.
The rest of the article, and all 6 questions about Gold Calculator, are on the Gold Calculator page.
Price equals the gold rate per gram for the purity, times the net weight, plus the making charge and the hallmark charge, plus 3% GST on that total. For 10 g of 22K at a 24K rate of ₹1,00,000 per 10 g with 12% making, the bill comes to about ₹1,05,716.
Gold and gold jewellery carry 3% GST, and a jeweller's making charge is part of the jewellery's price, so the 3% applies to it as well. The rate did not change on 22 September 2025. Making charges alone, when you supply your own gold, are job work taxed at 5%.
BIS charges the jeweller ₹45 per article for hallmarking, with a minimum of ₹200 per consignment. Many jewellers show it on the bill as a separate line, others build it into the making charge. The calculator starts at ₹45 and lets you change it or set it to zero.
No. Gold rates change every day and differ slightly between cities and shops, so the calculator uses the 24K rate you enter. The ₹1,00,000 figure is only an example. Use the rate on your jeweller's board or the day's published bullion rate.
Rates and rules change; check the source before you rely on a figure.
Still stuck? Ask about Gold Calculator and anybody who knows can answer. No account needed.
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