Gold & Jewellery Price Calculator
What a piece of jewellery actually costs — live gold value, making charges, GST/VAT, and an old-gold exchange credit, all in one pass.
Gold & Jewellery Price Calculator
Gold value + making charges + tax − old gold exchange credit
Making-charge %, GST/VAT, and old-gold buyback % all vary by jeweller and region — enter your own jeweller's figures for an accurate quote. For informational purposes only, not financial or purchase advice.
For educational and informational purposes only — not financial, investment, trading, legal or tax advice. See our full Financial Disclaimer.
How gold jewellery is actually priced
A jewellery price tag is never just the metal. It starts with the live gold spot price — the same international rate that moves every converter and gold calculator on this site — then layers on three things a raw spot quote never includes: purity, craft, and tax. Together they explain why two shops quoting the “same” gold rate can hand you very different final bills for what looks like an identical piece.
Purity comes first. Spot price is quoted for 24-karat (99.9% pure) gold, but very little everyday jewellery is actually made at 24K — it's too soft to hold its shape in a ring or bangle. South Asian and Gulf jewellery is usually 22K (91.67% pure) or 21K, and Western-style pieces are often 18K (75% pure) mixed with stronger alloy metals. Each karat step down scales the metal value down proportionally, which is why this calculator asks for karat before anything else.
Making charges are the jeweller's labour — cutting, soldering, polishing, stone-setting — charged either as a percentage of the gold value (commonly 8-25%, higher for intricate handwork) or as a flat rate per gram or tola. Two jewellers selling the same design can set very different making-charge percentages, which is usually the single biggest source of price variation between shops — bigger than any day-to-day move in the gold rate itself.
Tax — GST in India, VAT in the Gulf, or a local sales tax elsewhere — is then applied on top of metal value plus making charges, not on the metal alone. And if you're trading in old jewellery toward a new piece, the buyback credit almost never equals the new piece's fresh spot value: jewellers typically credit 90-98% of it to cover re-refining losses, wastage, and the cost of verifying purity on something they didn't sell you originally.
This calculator walks through all four steps — spot value, karat, making charges and tax, plus an optional old-gold trade-in — using the same live gold rate the rest of OmniFin Portal fetches. None of it replaces your own jeweller's actual invoice, since their making-charge percentage, local premium over spot, and buyback rate are theirs to set; it's here so you can walk in already knowing roughly what a fair number should look like.
Formula used:
Final Price = (Gold Spot Price × Weight × Karat Purity) + Making Charges + Tax − Old-Gold Exchange Credit
Key rates:
- 24K gold purity: 99.9%
- 22K gold purity: 91.67%
- 21K gold purity: 87.5%
- 18K gold purity: 75%
- Typical making charges: 8–25% of gold value
- Typical old-gold buyback credit: 90–98% of fresh spot value
Quick answer
A gold jewellery price calculator values a piece from its metal weight and karat purity (e.g. 22K gold is 91.6% pure, 18K is 75%), then adds the jeweller's making charges (typically 8–25% of gold value) and applicable taxes — this tool does that live against current gold spot rates and also estimates an old-gold exchange credit, usually 90–98% of fresh spot value.
Gold & Jewellery Pricing — Guide & FAQs
Making charges, old-gold exchange, and karat purity, explained.