How is gold jewellery price calculated in India?

The standard formula is: Total Price = (Gold Weight in grams × Gold Rate per gram according to Karat purity) + Making Charges + 3% GST on (Gold Value + Making Charges) + Hallmarking Fee (₹45 + 18% GST = ₹53.10) .

What is the difference between 24K, 22K, and 18K Gold?

24 Karat is 99.9% pure gold (too soft for delicate jewellery). 22 Karat (916 Hallmark) contains 91.6% pure gold alloyed with 8.4% copper/silver for strength. 18 Karat contains 75% gold, commonly used for diamond and gemstone studded ornaments.

How much GST is applicable on gold purchases?

A flat 3% GST (1.5% CGST + 1.5% SGST) applies to the total value of gold plus making charges. In addition, hallmarking charges carry 18% GST (₹45 + ₹8.10 = ₹53.10 per piece).

Gold Rate & Jewellery Calculator

Calculate 24K, 22K, 18K Price with Making Charges & 3% GST

24K Pure Gold Rate (per 10 Grams)

₹ / 10g

Equivalent to ₹7250.00 / gram for 24K 99.9% pure gold.

Gold Purity (Karat)

24K
99.9% Pure

22K (916)
Hallmark

18K (750)
Jewellery

14K (585)
Diamond

Gold Weight

Making Charges

Percentage (%) Per Gram (₹/g)

% of Gold Value

BIS Hallmark Fee (₹53.10)

₹45 HUID fee + 18% GST

3% Jewellery GST

1.5% CGST + 1.5% SGST

Price Breakdown

Estimated Final Payable Price

₹0

22K Gold (10.00g)

Gold Rate per Gram (22K) ₹0

Total Weight in Grams 0 g

Raw Gold Value ₹0

Making Charges ₹0

BIS Hallmarking Fee ₹0

GST on Gold & Making (3%) ₹0

Understanding Gold Purity & Pricing Standards

Gold pricing in India follows standard market rules set by bullion associations. 24 Karat gold is the benchmark rate (100% purity), but because pure gold is ductile and fragile, commercial jewellery is forged primarily in 22 Karat (91.6% purity, marked with HUID 916) or 18 Karat (75.0% purity, marked with 750).

Karat	Purity Percentage	BIS Hallmark Mark	Best Suited For
24K	99.9% Pure	999	Gold Coins, Bullion Bars, Investment
22K	91.6% Pure	916	Standard Traditional Jewellery, Chains, Bangles
18K	75.0% Pure	750	Diamond Jewellery, Engagement Rings, Daily Wear
14K	58.5% Pure	585	Budget Stone-Studded Fashion Jewellery