Calculate exact gold jewellery price including making charges, wastage and 3% GST · 22K rate today ₹14,930/g · auto-refreshes every 60s
The final price of gold jewellery in India is calculated using this formula: Jewellery Price = (Gold Weight × Gold Rate) + Making Charges + Wastage + 3% GST. Each component adds to the price you pay at the counter.
Step 1 — Gold Rate: The base gold rate is set by the IBJA (India Bullion and Jewellers Association) every morning. It is based on the international LBMA price converted to INR with 15% import duty + 3% cess applied.
Step 2 — Making Charges: This is the jeweller's fee for crafting the ornament. It ranges from 8% for plain chains to 25% for handcrafted temple jewellery. Branded stores charge more; local jewellers charge less. Always ask for the making charge percentage — it's negotiable.
Step 3 — GST: The Government of India levies 3% GST on all gold jewellery (1.5% CGST + 1.5% SGST). This is non-negotiable and applies to the total price including making charges.
Tips to save on jewellery: Buy during off-season (Feb–March, July–August). Compare at least 3 stores. Ask for making charge waiver on exchange. Prefer machine-made designs for lower making charges. Always check BIS hallmark to verify purity.