Gold Jewellery Price Calculator

How to use the gold jewellery price calculator

1. Enter today's gold rate per gram for the purity you are buying (22K or 24K) — check your city's rate online first.
2. Enter the weight of the jewellery in grams (ask the shop for the exact weight).
3. Enter the shop's making charges % and wastage % — these are printed on the bill or can be asked before billing.
4. Press Calculate — you get the full breakup and the final price you should pay, including 3% GST.

What is making charge and wastage?

Making charges are the labour cost for designing and crafting the jewellery. They are usually a percentage of the metal value (commonly 8% to 15%) or a flat rate per gram.

Wastage is an old jeweller practice that charges for the gold "lost" during crafting. In organised showrooms wastage is often zero; in many local shops it is still charged at 5% to 12%. Ask clearly whether wastage is being charged, and negotiate it — a lower wastage directly reduces your final price.

GST on jewellery is 3% on the total (metal + making + wastage). It is compulsory and printed on every bill.

How to save money when buying gold jewellery

Compare the total, not just the gold rate — a shop with a lower rate but 18% making charges can be more expensive than a shop with a slightly higher rate and 8% making. Ask for the making charge percentage in writing before you choose a design. Check whether the design can be bought at a lower making charge in a lighter version. Always insist on a proper bill with purity (hallmark), weight and the full breakup — this protects you if you ever resell.

Frequently asked questions