Gold Value Calculator
Calculate the value of gold based on weight, purity and current gold price. Includes making charges and GST.
How gold price is calculated
The price of gold jewellery in India has three components: the pure gold value based on purity, making charges, and 3% GST on the total.
Tips for buying gold in India
Always buy BIS-hallmarked gold (BIS 916 for 22K, BIS 750 for 18K). The 6-digit HUID (Hallmark Unique ID) lets you verify purity online at bis.gov.in. Avoid unlabelled or non-hallmarked jewellery.
Making charges vary from 8% to 25% and are fully negotiable. Machine-made jewellery has lower making charges (8–12%) vs handmade (15–25%). Ask for the charges separately before buying.
Gold ETFs track gold prices without making charges or storage costs. They trade on BSE/NSE like stocks. For pure investment, ETFs are more cost-efficient than jewellery, which loses 15–30% immediately due to charges.
Frequently asked questions
What is the current gold price in India?
Gold prices in India are quoted per 10 grams and vary daily based on international spot prices (in USD/troy oz), INR/USD exchange rate, and import duty (15% as of 2025). The pre-filled price of ₹7,200/gram (₹72,000/10g) for 24K is approximate for 2025. Check MCX or IBJA for live prices.
What is the difference between 22K and 24K gold?
24K gold is 99.9% pure (fine gold) — too soft for jewellery. 22K gold (BIS 916) is 91.6% pure gold mixed with silver/copper for strength — standard for Indian jewellery. 18K (75%) is used for diamond-studded jewellery. Coins and bars are usually 24K.
How much GST is charged on gold?
GST on gold is 3% on the total value (gold + making charges). Additionally, there is 5% GST on making charges alone (which is included in the 3% overall calculation). On gold coins and bars, GST is 3%. Customs duty of 15% applies on imported gold.
What is a tola of gold?
A tola is a traditional Indian unit of weight equal to 11.664 grams. It is commonly used in South Asia and the Middle East for gold trading. A "10 tola bar" = 116.64 grams. Today, most transactions have shifted to grams, but tola is still used in rural markets.
Can I sell back gold to any jeweller?
Yes, but most jewellers deduct 5–15% as a "melting charge" or buyback fee. Reputable jewellers like Tanishq and Kalyan offer buyback schemes at market rates minus exchange charges. Gold ETFs or Sovereign Gold Bonds can be sold on the exchange at spot price with no deduction.