Question 1

How is gold jewellery price calculated?

Accepted Answer

Gold price = effective weight × rate per gram. Effective weight = actual weight × purity (e.g., 22K = 91.6%). Add making charges (% of gold value), wastage (% of gold value), then 3% GST on the subtotal.

Question 2

What is the difference between 22K and 24K gold?

Accepted Answer

24K gold is 99.9% pure and too soft for jewellery. 22K gold is 91.6% pure (mixed with alloys) and is the standard for Indian jewellery. 18K is 75% pure, used for diamond settings.

Question 3

What are making charges in gold jewellery?

Accepted Answer

Making charges cover the labour and craftsmanship of converting raw gold into jewellery. They range from 8% to 25% of the gold value depending on design complexity.

Question 4

What is the GST on gold jewellery in India?

Accepted Answer

Gold jewellery attracts 3% GST on the total value (gold + making + wastage). This was introduced under the GST regime in 2017.

Question 5

How do I use this Gold Jewellery Price Calculator online free?

Accepted Answer

Enter the gold weight, select karat purity, set today's gold rate, making charges %, and wastage %. Click Calculate to see the full price breakdown. Free with no sign-up.