Want to know the exact value of your gold right now? This calculator gives you today's gold rate in India, based on live international market prices, converted into Indian Rupees (INR).
Just enter the weight, pick your unit, choose the karat (purity), and you'll see the current value in seconds. No need to call your jeweller or check five different websites - it's all here.
How to Use the Gold Value Calculator
Enter the weight of your gold
Choose the unit - gram, tola, or troy ounce
Select the karat - 24K, 22K, or 18K
Get the live gold value in INR instantly
The rate updates from international gold markets, so what you see is the current, real-time price - not yesterday's number.
Gold Weight Unit Conversions (Gram, Tola, Troy Ounce)
India still runs on tola at many local jewellers, while global markets quote in troy ounces. Here's how they convert:
Sr No | Units | Equals |
|---|---|---|
1 | 1 Tola | 11.6638 grams |
2 | 1 Troy Ounce | 31.1035 grams |
3 | 1 Gram | 1 Gram |
Tola is the old, traditional unit - you'll still hear jewellers in India use it, especially in family-run shops. Troy ounce is what shows up in international rate charts and news headlines.
How Is Gold Price Calculated? (The Formula)
The calculator itself runs on one simple formula:
Gold Value = Weight (grams) × Price per Gram for Selected Karat
This is the base market value - the pure gold price, with no jeweller markup or city premium added. Think of it as the "wholesale" number before any shop adds their own charges.
Gold Value vs. Final Jewellery Price - What's the Difference?
Here's where people usually get confused. The gold value tells you what your metal is worth. But if you're buying a finished piece - a ring, chain, or bangle - the actual bill includes more than just gold value.
Final Price = Gold Value + Making Charges + GST
Purity Factor (Karat Explained Simply)
Karat shows how pure your gold is. Divide the karat by 24 to get the purity factor.
24 Karat gold → 24 ÷ 24 = 1.000 (99.9% pure - too soft for daily-wear jewellery)
22 Karat gold → 22 ÷ 24 = 0.916 - the standard for most Indian gold jewellery
18 Karat gold → 18 ÷ 24 = 0.750 - common in diamond and stone-studded pieces
Good news: this factor is already built into the karat-wise price shown by the calculator, so you don't need to calculate it separately.
Making Charges (Banwai) - What You're Really Paying For
Making charges cover the labour and craftsmanship - turning raw gold into an actual piece of jewellery. In Hindi, jewellers often call this banwai. Most shops charge it as a percentage of the gold value, usually between 5% and 25%, though some prefer a flat rate per gram.
A simple, heavily worked design will naturally cost more in making charges than a plain band. It's completely fair to ask your jeweller to explain their making charge before you agree to buy - a good jeweller won't mind the question.
GST on Gold
A flat 3% GST applies on the gold value plus making charges combined.
GST = (Gold Value + Making Charges) × 3%
Example: 10-Gram, 22K Gold Necklace
That's nearly ₹10,000 above the raw gold value - all from making charges and tax. Worth checking before you're at the billing counter.
Things to Check Before You Buy Gold
Stone weight is not gold weight. If your jewellery has diamonds, pearls, or kundan work, ask the jeweller to deduct that weight before calculating the gold rate. Any trustworthy jeweller will do this without hesitation.
Selling old gold pays differently. When you exchange or sell jewellery, buyers usually pay only for the melting value - the pure gold content. Making charges and GST paid at purchase don't come back, so resale value is always lower than the original bill.
Hallmarking matters. Always check for BIS hallmark on your gold - it confirms the purity (karat) is genuine and matches what you're being charged for.
Frequently Asked Questions
Q: What is the formula to calculate gold price in India?
A: Gold Price = Weight (grams) × Gold Rate per Gram × Purity Factor, plus making charges and 3% GST.
Q: How much is 1 tola in grams?
A: 1 tola equals 11.6638 grams.
Q: Is GST charged on making charges too?
A: Yes. GST at 3% applies to the gold value and making charges combined, not just the gold value alone.
Q: Why is 22K gold used for most jewellery instead of 24K?
A: 24K gold is very soft and bends or scratches easily, so 22K (91.6% pure) is preferred for daily-wear jewellery, mixed with small amounts of other metals for strength.
Q: Do jewellers deduct stone weight before charging for gold?
A: They should. A fair jeweller subtracts the weight of diamonds, pearls, or other stones before applying the gold rate.
Q: Can I invest in gold gradually instead of buying it all at once?
A: Yes. Many people prefer building their gold holdings slowly through fixed monthly contributions instead of one large purchase. Read our guide on monthly gold investment schemes to understand how they work and what to watch out for.
Q: Can I buy gold jewellery without paying making charges?
A: Some jewellers do offer zero making charge deals during select periods, though there are conditions attached. Check our complete guide to zero making charges before you rely on one of these offers.
Q: How are making charges different across jewellers in India and Dubai?
A: Making charges vary quite a bit by shop, city, and even country. For a full breakdown of how jewellers calculate them in India versus Dubai, see how gold jewellery making charges are calculated.
Q: Is GST charged only on the gold value or on making charges too?
A: GST applies separately to both - 3% on the gold value and, in many cases, a different rate on making charges. Our detailed GST on gold jewellery guide breaks down exactly how this is applied.
Q: Why isn't 24K gold used to make jewellery?
A: 24K gold is nearly pure, which makes it very soft and prone to scratching or bending. That's why jewellers mix it with other metals. Read why 24 carat gold isn't used for jewellery for the full explanation.
Q: What makes gold a preferred metal for jewellery over other metals?
A: Gold's malleability, non-reactive nature, and lasting shine make it uniquely suited for jewellery-making. Our guide on why gold is used for jewellery covers its properties and karat options in detail.
Q: Do gold prices usually rise after Lakshmi Puja?
A: Yes, demand-driven price movement is common around this period. See our coverage of gold price trends after Lakshmi Puja 2025 for city-wise 22K and 24K rates.
Q: Do gold prices typically fall after Diwali?
A: Prices can move either way depending on demand and global cues. Our Diwali 2025 gold price outlook walks through expert predictions and what shoppers should expect.
Q: When is the best time to buy gold during Dhanteras?
A: Timing your Dhanteras purchase can make a real difference to what you pay. Check our Dhanteras 2025 gold rate guide for the best time to buy and expected price ranges.
Q: How exactly is the daily gold rate in India worked out?
A: It starts with the international gold price in USD, which then gets converted to INR per gram, with import duties added. Our full guide to calculating gold rate in India explains each step.
Q: Why does gold hold special significance during Navratri?
A: Gold is considered auspicious during Navratri, tied to prosperity and divine feminine energy in Indian tradition. Read why gold matters during Navratri for the cultural context behind the buying trend.
Q: What's driving gold rates higher in India right now?
A: A mix of festival and wedding demand plus global economic uncertainty is pushing prices up. See our analysis on why gold rates are increasing in India for the full picture.
Q: Are gold prices expected to drop anytime soon?
A: Expert opinion is mixed - some predict short-term dips, others expect prices to hold or climb further. Our breakdown of whether gold prices will drop in the near future covers the key factors to track.