Gold Price Calculator
Calculate gold value by weight and karat using live gold rates. Supports grams, tola, and sovereign.
Gold price calculator shows today's gold rate in India and lets you calculate the value of any quantity of gold. Enter weight in grams, tola, or sovereign. Select karat: 24K for pure gold, 22K for most jewellery, 18K for lightweight pieces. Add making charges as a percentage to estimate total jewellery cost. Prices update hourly from live international gold markets.
1 tola = 11.6638g · 1 sovereign = 8g
22K is standard for Indian jewellery · 24K is pure gold
Frequently Asked Questions
- What is today's gold rate in India?
- Gold rates in India change throughout the day based on international spot prices and the USD/INR exchange rate. The rate shown by this tool updates hourly. For the most current price, check the live rate displayed at the top of the calculator.
- What is the difference between 24K, 22K, and 18K gold?
- 24K gold is 99.9% pure. 22K gold is 91.67% pure, with 8.33% other metals added for durability. Most Indian jewellery uses 22K. 18K gold is 75% pure, used for lightweight or diamond-studded pieces. Price per gram scales with purity.
- What is a tola in gold measurement?
- A tola is a traditional Indian unit of weight equal to 11.6638 grams. Gold dealers and older jewellers in India still price gold per tola. One sovereign equals 8 grams and is common in South India, particularly for weddings.
- Why does gold price differ between cities in India?
- The base price is the same nationally, but local import duties, state taxes, and transport costs create small city-wise variations. Major bullion markets in Mumbai, Delhi, and Chennai set the benchmark. Most city differences are within ₹50 to ₹200 per 10 grams.
- What are making charges on gold jewellery?
- Making charges are fees for labour and craftsmanship, charged separately from the gold price. They range from 8% to 35% depending on design complexity and the jeweller. Branded jewellers typically charge 12% to 25%. Plain gold coins and bars carry near-zero making charges.
- Is GST charged on gold purchase?
- Yes. Buying gold jewellery attracts 3% GST on the gold price plus 5% GST on making charges. Gold coins, bars, and ETFs attract 3% GST only. Both charges are in addition to import duty already factored into the market price.
What is Gold Price Calculator?
Gold price calculator shows the value of any quantity of gold using live international spot prices in Indian rupees. Enter the weight and karat purity and the tool returns the intrinsic gold value. Add a making charges percentage to estimate the total cost of jewellery at that weight.
Gold rates update hourly from international commodity markets. The price reflects the spot market rate, not retail jeweller prices, which include additional margins.
How does it work?
International gold trades in troy ounces on commodity markets. One troy ounce equals 31.1035 grams. The price in USD per troy ounce converts to Indian rupees using the USD/INR exchange rate. Dividing by 31.1035 gives the price per gram for 24K gold.
For lower karat gold, the price per gram scales by purity. A gram of 22K gold is 22/24 of the 24K price. A gram of 18K gold is 18/24 of the 24K price.
Tola conversion: 1 tola = 11.6638 grams. Sovereign conversion: 1 sovereign = 8 grams. Enter the weight in whichever unit you know and the tool handles the conversion internally.
Making charges are a percentage of the gold value, not the total price. A 10% making charge on ₹50,000 worth of gold adds ₹5,000 for a total of ₹55,000 before GST.
Gold Price Calculator in India
India is the second-largest consumer of gold globally after China. The country imports around 700 to 800 tonnes per year, most for jewellery. Gold is deeply embedded in cultural practices: weddings, festivals like Dhanteras and Akshay Tritiya, and as a financial asset.
India levies import duties on gold that are included in the market price by the time gold reaches a jeweller. The Union Budget 2024 reduced the basic customs duty from 10% to 6%, bringing total import costs to around 9%.
The 2021 Hallmarking and Jewellery Order requires all gold jewellery sold in India to carry a BIS hallmark with HUID. A hallmark with a 6-digit HUID confirms the karat purity certified by a BIS-recognised assaying centre. Always verify hallmarks before purchasing.
Gold Sovereign Bonds (SGBs) issued by the RBI offer an alternative to physical gold. SGBs pay 2.5% annual interest on the issue price and are exempt from capital gains tax on maturity. They carry the same gold price exposure without storage risk.
Tips to get the best results
- Use 22K for standard Indian jewellery calculations. Most ornaments sold by Indian jewellers are 22K, not 24K.
- Making charges vary widely. Check the exact rate your jeweller quotes. Exchange offers during repurchase often apply lower making charges.
- The spot price shown excludes GST. Add 3% GST on gold value plus 5% GST on making charges for the actual invoice total.
- Compare the calculator output against your jeweller's quote. A large discrepancy in the gold component merits a question about the karat purity of the item.
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