Jewellery Price Calculator

Gold Jewellery Price Calculator

Calculate jewellery price, making charges, wastage, and GST instantly with transparent billing. No guesswork — just clear, honest pricing.

Enter Gold Rate (₹/gram)

These are reference prices — enter the rate your jeweller is quoting, not live market data

18K
75.0% pure
₹/g
20K
83.3% pure
₹/g
22K
91.6% pure
₹/g
24K
99.9% pure
₹/g

Rates are ₹ per gram. Enter the rate your jeweller is quoting — this tool does not fetch live gold prices.

Jewellery Details

Enter weight and making charge information

Karat:
grams
%

Typical making charges: 8–15% for machine-made, 15–25% for handcrafted jewellery.

Optional Charges

Toggle to include wastage and GST in the bill

Wastage
GST

Your price appears here

Select a karat and enter the jewellery weight above to see a full transparent price breakdown instantly.

1Select karat & update gold rate
2Enter jewellery weight in grams
3Set making charges and GST

How Gold Jewellery Pricing Works

Every jewellery bill has four components. Understanding each one helps you verify the invoice you receive.

1

Gold Value

The base cost of gold in the piece. Calculated as Weight (grams) × Gold Rate (₹/g) for the chosen karat. This is the largest component of the bill.

Weight × Rate/g
2

Making Charges

Labour cost for crafting the jewellery. Charged as a percentage of gold value (8–25%) or a flat ₹ per gram. Handcrafted pieces attract higher charges.

Gold Value × % or Weight × ₹/g
3

Wastage

Gold lost during cutting, melting, and polishing. Typically 2–8% of gold value. Some jewellers include this in making charges; others show it separately.

Gold Value × Wastage %
4

GST (3%)

Goods and Services Tax at 3% on the total of gold value + making + wastage. Mandated by law and must appear on all jewellery invoices in India.

(Gold + Making + Wastage) × 3%

Understanding Making Charges & Wastage

Making Charges by Jewellery Type

Machine-made (plain)8–12%
Machine-made (studded)10–15%
Handcrafted (basic)15–20%
Handcrafted (intricate)20–30%
Flat ₹/gram rate₹200–₹500/g

Wastage by Design Complexity

Simple chains & bangles2–3%
Standard rings & earrings3–5%
Complex necklaces5–7%
Handcrafted temple jewellery6–10%
Antique / filigree work8–12%

Pro Tip: Always ask for a Hallmark-certified piece

BIS Hallmarking guarantees the karat purity of your gold. A hallmarked 22K piece must contain 91.6% pure gold. Always insist on the Hallmark certificate to avoid being sold lower-purity gold at higher-purity prices.

Gold Karat Guide

24K
99.9%
pure gold
Coins, bars, investment

Too soft for jewellery. Used for investment gold.

22K
91.6%
pure gold
Plain jewellery, traditional

Most popular for Indian jewellery. Rich yellow color.

20K
83.3%
pure gold
Mixed use

Less common. Slightly harder than 22K.

18K
75.0%
pure gold
Studded, diamond jewellery

Ideal for diamond settings. Greater durability.

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Frequently asked questions

Common questions about how jewellery pricing works, what making charges mean, and how to verify your jeweller's bill.

Gold jewellery price = (Weight × Gold rate per gram) + Making charges + Wastage + GST. The gold rate depends on the karat purity: 22K is 91.6% pure gold, so 22K rate ≈ (22/24) × 24K rate. Making charges cover the labour cost of crafting. Wastage accounts for gold lost in the making process. GST at 3% is applied on the total of all components.

Making charges are the labour and craftsmanship cost charged by the jeweller for designing and manufacturing the jewellery. They are either a percentage of the gold value (typically 8–25%) or a flat ₹ per gram charge. Handcrafted and intricate designs command higher making charges than machine-made pieces.

Wastage refers to the small amount of gold that is lost during the jewellery-making process due to cutting, filing, melting, and polishing. It is calculated as a percentage of the gold value, typically 2–8%. Some jewellers absorb this cost into making charges; others list it separately. This calculator lets you toggle it on or off.

Yes. As per India's GST rules, gold jewellery attracts a flat 3% GST on the total sale value, which includes the gold value, making charges, and wastage. Some jewellers may apply additional GST on making charges at a higher rate in certain interpretations, but the standard practice is 3% on the complete invoice value.

24K gold is 99.9% pure gold and is too soft for jewellery making. 22K gold contains 91.6% gold mixed with 8.4% copper or silver alloys, making it hard enough for jewellery while retaining a rich golden colour. 18K (75% gold) is commonly used in studded jewellery for greater durability. Higher karat = higher purity = higher price per gram.

You can verify the gold rate by checking the Multi Commodity Exchange (MCX) or the India Bullion and Jewellers Association (IBJA) website for the day's official rate. Note that retail jewellers typically charge 1–3% above the MCX spot price to cover their own procurement costs. Using this calculator with the current IBJA rate gives you a transparent baseline.

No. All calculations happen entirely in your browser using JavaScript. No data, rates, or results are sent to any server or stored anywhere. You can use this tool completely privately.