10 g of 22K, 24K rate ₹10,000/g
Gold ₹91,667. Making 10% ₹9,167. GST 3% ₹3,025. Total ₹1,03,858. Selling with a 5% deduction returns ₹87,083.
Gold value calculator
Gold moves every day and differs by city, so the 24K rate is yours to enter. GST is 3% on the gold and 5% on making charges at jewellers who charge it separately; this tool applies 3% on both as a simple estimate. Buy-back deductions vary by jeweller.
I want to
grams
Enter the today's 24k rate per gram.
karat
22K is 91.6% pure, 18K is 75%.
%
You pay
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Type today's 24K gold rate per gram, from a jeweller or your bank's app.
How jewellery is priced, and why you get back less
A gold ornament has three parts in its price: the gold itself, the making charge, and GST. The gold value is weight times the rate for pure gold times the purity fraction. Ten grams of 22K at ₹10,000 per gram of 24K is 10 × 10,000 × 22/24 = ₹91,667 of gold.
Add a 10% making charge, ₹9,167, and 3% GST on the total, ₹3,025, and you pay ₹1,03,858. So the final price is about 13% above the value of the metal. On intricate pieces with 20% or more making, the premium is larger, which is why plain coins and bars are cheaper for investment.
When you sell, the story reverses. The jeweller values the metal at the day's rate, usually deducts a few percent, and does not pay for the making or the GST. Selling those same 10 grams with a 5% deduction brings back about ₹87,083, which is 16% less than you paid. Gold needs to rise by that much before you break even.
To protect yourself, buy hallmarked pieces only, ask for the day's rate and a breakdown on the bill, and compare making charges between shops. Do not rely on a quote that bundles everything into a per-gram price.
Sources
What this calculator does not account for
- Today's actual rate, which you must enter.
- Hallmarking, stone and wastage charges on some pieces.
- The buy-back terms of your jeweller.
How this is calculated
Formula: Jewellery price
gold =weight × 24K rate × karat ÷ 24; price =(gold + making) × (1 + GST)What the symbols mean
- karatPurity. 24K is pure; 22K is 91.6% gold; 18K is 75%.
- makingThe jeweller's charge, as a percentage of the gold value.
Good to know
- Always ask for the rate on the day. The purity on the piece should carry a BIS hallmark.
- Gold gains are taxed when you sell. See capital gains tax.
Read the full methodologyFound an error? Contact us
Worked examples
Each example is worked out by the same code as the calculator above.
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<iframe src="/embed/gold-value-calculator" title="Gold value" width="100%" height="720" style="border:0;max-width:42rem" loading="lazy"></iframe>Questions
What is 22K gold?
Gold that is 22 parts in 24 pure, or 91.6%. The rest is other metals that make it harder. Most jewellery in India is 22K.
What are making charges?
The jeweller's fee for crafting the piece. It ranges from about 8% for plain pieces to 25% or more for intricate designs, and it is usually not returned when you sell.
How do I check the purity?
Look for the BIS hallmark with the purity number and a six-character HUID. Hallmarking is mandatory for gold jewellery.
How much will a jeweller pay when I sell?
Usually the market value of the gold, minus a deduction of a few percent for melting or the jeweller's margin, and nothing for making charges.