Gold Price Calculator — Calculations & Slabs for FY 2026-27

Karat (K) indicates gold purity. 24K gold is 99.9% pure gold but is too soft to make durable jewelry. 22K gold contains 91.67% pure gold mixed with 8.33% alloy metals (standard for Indian bridal jewelry). 18K gold contains 75% pure gold, making it harder and suitable for diamond and stone-studded jewelry.

The final price of gold jewelry is calculated as: Final Price = [Gold Value (weight × rate based on purity) + Making Charges] + 3% GST on the subtotal. Some jewelers may also charge a small hallmarking fee per item.

Making charges represent the cost of labor and design wastage incurred to craft raw gold into jewelry. They can range from 8% to 25% of the gold value depending on design complexity. Jewelers often offer discount promotions on making charges, which are highly negotiable.

If you exchange old gold jewelry for new jewelry at the same jeweler, GST of 3% is only charged on the net value of the new purchase (i.e., new jewelry value minus the buyback value of your old gold) plus the making charges of the new item.

You can verify the values against the official notifications listed in our data sources section at the bottom of the page.