Jewellery price calculator
Enter the weight, the purity, today's gold rate and the charges. You get the price line by line, with GST.
Free, with no sign-up. It runs on your phone or computer, and nothing you type is sent anywhere.
Gross, on the scale.
Taken off the gross weight.
Per gram, today. Use your jeweller's rate.
Extra percent of gold the jeweller adds to the weight. Leave blank if none.
Making charges
Hallmarking, packing and so on.
Discount (optional)
Worked out on the price after discount. 3% is the usual rate on gold jewellery; change it if yours is different.
Enter today's 24 carat gold rate per gram.
Turn the estimate into a bill
Sarraf AI prices every line the same way, adds GST, takes old gold and scheme money against the bill and prints the invoice.
Start 7-day free trialHow the price is built
- Net weight is the gross weight less the stones and anything else that is not gold.
- Fine gold is the net weight x (purity + wastage) / 100.
- Value of the gold is the fine gold x the 24 carat rate.
- Making charges are added as a percent of the gold value, per gram, or per piece. Stones and other charges are added too.
- Discount is taken off the subtotal, and GST is added on the result.
A worked example
A 12.5 g piece with 0.5 g of stones in 22 carat gold, with the 24 carat rate at ₹7,200 a gram, 3% wastage, 8% making charges and ₹1,500 of stone charges.
- Net weight 12 g. Fine gold 12 x 94.6 / 100 = 11.352 g.
- Gold value 11.352 x 7,200 = ₹81,734.40. Making 8% = ₹6,538.75.
- Add stones ₹1,500: subtotal ₹89,773.15. After a 2% discount: ₹87,977.69.
- GST 3% = ₹2,639.33. Price to pay ₹90,617.02.
The rate in this example is only to show the working. Use today's rate in the calculator.
Before you buy
- Ask for the breakdown: weight, purity, rate, making charges and GST, each on its own line.
- Check the hallmark on the piece matches the purity on the bill.
- Ask how old gold and any buy-back are valued before you agree.
Questions people ask
How is the price of gold jewellery worked out?
Gold value = fine gold weight x the 24 carat rate. Fine gold weight is the net weight x purity (plus any wastage). Then making charges, stones and other charges are added, any discount is taken off, and GST is added on what is left.
Which gold rate should I enter?
Enter today's 24 carat rate per gram, the one your jeweller quotes. The calculator applies the purity of your piece (22 carat is 91.6%) on its own, so do not enter the 22 carat rate.
What is the GST on gold jewellery?
GST on gold jewellery is usually 3%, charged on the total value including making charges. Other rates can apply to other kinds of work or items, so the rate box can be changed. Ask your jeweller or CA if you are unsure.
What are making charges?
Making charges pay for the labour of making the piece. Shops charge them as a percent of the gold value, as a rate per gram, or as a fixed amount for each piece. Pick the way your jeweller quotes them.
Why is my jeweller's price different from this?
Rates change through the day, and shops differ on wastage, rounding, stone charges and discounts. Use this to check that a quote is reasonable, and ask the jeweller to show the breakdown line by line.
What do the purity percentages mean?
They are the BIS hallmark fineness used in India: 24 carat 99.9%, 23 carat 95.8%, 22 carat 91.6%, 20 carat 83.3%, 18 carat 75% and 14 carat 58.5%.
Is this for customers or for jewellers?
Both. A customer can check a quote before buying. A jeweller can give a quick estimate. For full bills with old gold, scheme money and GST invoices, Sarraf AI does the same working on every line.
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