Gold Price Calculator in India
The Gold Price Calculator helps you calculate the exact value of gold based on weight, purity, making charges, and GST. Gold prices in India change daily and vary by city, jeweller, and purity level. This calculator gives you a clear and transparent estimate before you buy or sell gold.
How This Gold Price Calculator Works
The calculator uses the standard gold valuation formula used by jewellers in India. First, the market price of gold per 10 grams is taken as the base rate. This price is adjusted according to purity such as 24K, 22K, or 18K. The weight is then converted into grams and multiplied by the purity-adjusted rate.
Purity Adjustment Formula
Gold purity is calculated using the karat system:
- 24K = 99.9% pure gold
- 22K = 91.6% pure gold
- 18K = 75% pure gold
Gold Value = (Market Price per gram × Weight in grams) × (Purity ÷ 24)
Making Charges and GST
Making charges are added by jewellers for crafting gold jewellery. These charges can be fixed or percentage-based. After adding making charges, a GST of 3% is applied on the total amount as per Indian tax rules.
Why Gold Prices Differ by City
Gold prices differ across cities like Delhi, Mumbai, Chennai, and Bangalore due to local taxes, transport costs, and demand. This calculator allows manual price input so you can match your local jeweller’s rate.
Uses of Gold Price Calculator
- Buying gold jewellery
- Selling old gold
- Investment planning
- Gold loan evaluation