Gold & Jewellery Price Calculator
Work out a jewellery bill from weight, karat, today's gold rate, making charges, stone value and GST, with every line shown.
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GST as of 9 November 2026: 3%, unchanged by the 22 September 2025 rate revision. BIS hallmarking fee ₹75 per article from 14 September 2026.
The piece
Net weight of the gold, without stones.
Shown in the hallmark, e.g. 22K916.
Today's gold rate
= ₹12,824 per gram of 22K (916), at 916/1000 of the 24K rate.
Charges
The jeweller's labour charge, as a % of the gold value or rupees per gram.
Optional. Also called VA.
Optional. Diamond or stone value.
BIS fee: ₹75 a piece.
Hallmarked articles.
GST
3% on the whole bill when you buy jewellery, even if making is shown separately (CBIC). 5% is for job work done for a registered business; making jewellery from your own gold is generally taxed at 18% on the making charge. Rates as of 9 November 2026.
Old gold exchange
Jewellery price
Final price
₹1,45,373
Includes ₹4,234 GST. Rounded to the rupee. Uses the example rate.
Gold rate used
₹12,824/g
22K (916), before GST
All-in per gram
₹14,537/g
Bill ÷ gold weight
- Gold value 10 g of 22K (916) × ₹12,824/g
- ₹1,28,240
- Making charges 10% of gold value
- ₹12,824
- Hallmarking (HUID) 1 × ₹75
- ₹75
- GST 3% on gold and hallmarking CGST 1.5% + SGST 1.5%, or IGST 3%
- ₹3,849
- GST 3% on making CGST 1.5% + SGST 1.5%, or IGST 3%
- ₹385
- Final price
- ₹1,45,373
Making and wastage: 10% of the gold value.
How to use it
Enter the net gold weight and pick the purity from the hallmark (22K916, 18K750 and so on).
Type today's 24K rate per 10 g, or the per-gram rate for your purity, from your jeweller or IBJA.
Add making charges, any wastage, stones and hallmarking, then read the full bill with GST.
How a gold jewellery bill is worked out
Every jeweller's bill is built the same way, even when the names on it differ:
- Gold value = net gold weight × today's rate per gram for its purity.
- Wastage or VA, if charged, as a % of the gold value.
- Making charges, as a % of the gold value or rupees per gram.
- Stones and hallmarking are added.
- GST of 3% on the total.
- Old gold, if you exchange any, comes off the amount to pay.
From the 24K rate to your purity
| Purity | Hallmark | Gold content | Per gram at ₹1,40,000 / 10 g of 24K |
|---|---|---|---|
| 24K | 999 | 99.9% | ₹14,000 |
| 22K | 916 | 91.6% | ₹12,824 |
| 18K | 750 | 75.0% | ₹10,500 |
| 14K | 585 | 58.5% | ₹8,190 |
| 9K | 375 | 37.5% | ₹5,250 |
As IBJA's published rates do, the 22K rate is the 24K (999) rate × 0.916. On 6 November 2026 IBJA's opening rates were ₹1,41,023 per 10 g for 999 and ₹1,29,177 for 916, both before GST and making.
Worked example
A 10 g 22K chain, with the 24K rate at ₹1,40,000 per 10 g, 10% making and one hallmark:
- Gold: 10 g × ₹12,824 = ₹1,28,240
- Making charges, 10%: ₹12,824
- Hallmarking: ₹75
- GST at 3%: ₹3,849 + ₹385 = ₹4,234
- Total: ₹1,45,373
GST on gold jewellery and making charges
Jewellery (HSN 7113) carries 3% GST: 1.5% CGST and 1.5% SGST within a state, or 3% IGST across states. The rate did not change in the September 2025 revision: Notification 9/2025-Central Tax (Rate), in force from 22 September 2025, keeps heading 7113 at 1.5% central tax. CBIC's FAQ says the 3% applies to the total value of the jewellery whether the making charge is shown separately or not. The 5% you may hear about is for job work (Notification 15/2025-Central Tax (Rate), entry 26), which GST defines as work on goods belonging to another registered person, such as a goldsmith making jewellery from a jeweller's gold. When you give your own gold to a goldsmith, that isn't job work, and the making charge is generally taxed at 18%.
Hallmarking and HUID
Hallmarked gold carries the BIS mark, the purity (such as 22K916) and a six-character HUID code you can check in the BIS CARE app. From 14 September 2026 the BIS fee is ₹75 per gold article, up from ₹45, with a minimum of ₹200 per consignment. Hallmarking is compulsory for 14K, 18K, 20K, 22K, 23K and 24K gold jewellery in the notified districts, and 9K can be hallmarked too.
Common mistakes
- Pricing 22K at the 24K rate. 22K gold is priced at 91.6% of it.
- Weighing stones as gold. The gold weight should be net of stones, which are billed separately.
- Adding 5% GST on making for a shop purchase. For jewellery you buy, it is 3% on the whole value.
- Comparing making charges alone. 8% making plus 6% wastage costs more than 12% making with none.
When it's worth software
A counter writing dozens of bills a day needs every one worked out the same way: purity-wise stock, making charges by design, HUID per piece and old gold on the same bill. That is what our jewellery software is built for. For HSN codes, see the HSN code and GST rate finder; for stone weights, the diamond mm to carat calculator.
Sources
- CBIC, GST sectoral FAQ: Gems & Jewellery (questions 7 and 8: GST on making charges and on job work).
- Notification No. 9/2025-Central Tax (Rate), Schedule IV, and No. 15/2025-Central Tax (Rate), entry 26, both dated 17 September 2025 and in force from 22 September 2025: GST Council list of CGST rate notifications.
- All India Radio News, "BIS raises hallmarking charges for gold articles", 16 September 2026.
- IBJA rates, 6 November 2026.
- PTI via Sakshi Post, "BIS makes hallmarking of 9 karat gold mandatory", 18 July 2025.
FAQ
Questions
How is the price of gold jewellery calculated?
Gold value (net weight × today's rate for the purity), plus wastage if charged, making charges, stones and hallmarking, then 3% GST on the total. For 10 g of 22K at ₹1,40,000 per 10 g of 24K with 10% making and ₹75 hallmarking, that comes to ₹1,45,373.
What is the GST on gold jewellery?
3%: 1.5% CGST plus 1.5% SGST within a state, or 3% IGST between states. It stayed at 3% when the new GST rates took effect on 22 September 2025, under Notification 9/2025-Central Tax (Rate).
Is GST on making charges 3% or 5%?
3% when you buy jewellery from a shop. CBIC's gems and jewellery FAQ says GST is 3% of the total value of the jewellery, whether the making charge is shown separately or not. 5% is for job work, which GST defines as work on goods belonging to another registered person. Giving your own gold to a goldsmith isn't job work, so the making charge is generally taxed at 18%.
How do I convert the 24K gold rate to 22K?
Multiply it by 0.916. If 24K is ₹1,40,000 per 10 g, 22K is ₹1,28,240 per 10 g, or ₹12,824 a gram. For 18K multiply by 0.75 and for 14K by 0.585. IBJA's published 916, 750 and 585 rates are worked out the same way.
What is the hallmarking charge on gold jewellery?
₹75 per article from 14 September 2026, up from ₹45, with a minimum of ₹200 per consignment, under the BIS (Hallmarking) Amendment Regulations, 2026. Jewellers pay it to the hallmarking centre. Some show it on the bill and others fold it into making charges.
How is old gold valued in an exchange?
Usually at today's rate for its tested purity, less a deduction the jeweller sets. 5 g of 22K at a 24K rate of ₹1,40,000 per 10 g is worth ₹64,120 before any deduction. Most jewellers charge GST on the full new bill and then subtract the old gold.
What are making charges and wastage?
Making charges pay for the labour of making the piece. Wastage, also called VA (value addition), covers gold lost while making it. Both are set by the jeweller, often as a % of the gold value, so ask for both in writing before you compare shops.
Jewellery software
Billing with purity-wise stock, making charges, HUID and old-gold exchange built in.
Mind Over Matter builds it for Surat businesses and clients across India. Reply within 24 hours.
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