Enter the per-gram rate your jeweller is using. We'll show the markup over live spot and recompute the breakdown.
per g · INR
Live spot: — · Jeweller's rate: —
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Know the fair price before you make the purchase
GST on gold jewellery
Mandatory in India on all purchases
3%
Other charges
Wastage, hallmarking, or extras your jeweller adds
Enter the total price your jeweller quoted. We'll show you how it compares to the fair estimate.
Estimated fair price breakdown
Gold value (metal only)
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Making charges
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GST3% on gold + making charges
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Other charges
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You should pay approximately
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Compare this estimate with your jeweller's invoice before paying. The gold value is based on the latest live bullion rate — your jeweller may use a slightly different benchmark.
Email me this calculation
Get a clean copy for your records — useful at the counter, or to compare quotes later. The email includes a one-tap link to save it straight to a private vault on MyAurum.
One email. We don't add you to a list, don't sell this to anyone, don't run ads on it.
Once you've bought, record it in MyAurum — weight, purity, price paid. Your family will always know exactly what it's worth.
A note on what you'll see: MyAurum tracks holdings at LBMA spot — the global commodity benchmark. The retail price you pay (LBMA + duty + GST + jeweller's margin) is stored as your cost basis, so on day one the "vs purchase price" comparison may show a small negative — that's the retail premium you paid, not commodity loss. As gold appreciates, the gap closes.
Before you sell — know your floor price
Before you bequeath — value it for your family
BIS hallmark stamped
Visible BIS mark on the piece. Mandatory on Indian gold since 2021 — older pieces may not have it.
MyAurum · Floor Price
Don't accept less than
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A fair offer: —
Today's metal value at spot: —
What jewellers will try to deduct
Know these before you walk in — most are negotiable, some you should refuse outright.
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Making charges as "remelt loss"Making was your cost when you bought the piece — not their loss when they buy it back. Push back, especially at your original jeweller.
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Aggressive stone-weight estimatesAsk them to weigh stones separately on a digital scale. The standard "we'll deduct 15%" claim is rarely accurate — typical stones are 2–5% by weight.
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Karat downgrade on unhallmarked piecesThey should test the karat (acid test or XRF), not assume it's lower. If they refuse to test before quoting, walk away.
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A different per-gram rate than they sell atSome shops post one rate for selling-to-you and a quieter, lower rate for buying-from-you. Ask for the buyback rate before they weigh anything.
Email me this estimate
Email me this valuation
Get a clean copy of your floor price and the watch-outs — useful at the counter, or to compare offers from multiple jewellers. The email includes a one-tap link to save it into a private vault on MyAurum.
Get a clean valuation for your records — useful for insurance, family files, or just to know. The email includes a one-tap link to save it into a private vault on MyAurum.
One email. We don't add you to a list, don't sell this to anyone, don't run ads on it.
Lock this estimate before you walk in — then record what you actually got, so you have a clean number for tax, estate, and the next visit.
Know someone about to buy gold jewellery? Send them this — free, no login, no KYC. Works for anyone anywhere in the world.
Common questions
Gold pricing, plain-spoken — what jewellers do and don't include in your bill.
How is the fair price of gold jewellery calculated?
The fair price has three parts: the metal value (live gold rate × weight × purity), the jeweller's making charge (usually a percentage of the metal value), and 3% GST if buying in India. This calculator uses live bullion rates that mirror what Indian jewellers price against.
What gold price benchmark does this calculator use?
Live international spot prices, refreshed every 5 minutes. For Indian rupee pricing, the calculator applies the typical premium that local bullion benchmarks carry over spot — so the result tracks what jewellers are pricing against on a given day.
What is making charge — and what's a fair amount?
Making charge is the jeweller's fee for crafting the piece, expressed as a percentage of the metal value. Simple machine-made pieces are usually 6–10%. Standard hand-finished work is 10–15%. Bridal and intricate sets often run 20% or more — confirm the rate before agreeing to a piece.
Why does my jeweller's quote differ from this estimate?
Common reasons: a slightly different benchmark rate (each shop adds a small markup over the day's bullion rate), wastage charges layered on top of making, a flat per-piece hallmarking fee, or a different making percentage than you'd assumed. Always ask for an itemised invoice and compare line by line.
What is BIS hallmarking?
BIS Hallmark is the government-mandated purity stamp for gold jewellery in India, required on every piece sold since 2021. It encodes the karat purity, the BIS logo, the assay centre code, and the jeweller's identification mark. Hallmarking costs a flat ~₹45 per piece, regardless of weight.
Why is GST 3% on gold in India?
GST on gold jewellery in India is 3%, applied to the gold value plus making charges. It's mandatory on every retail purchase. The calculator includes it by default in INR mode and hides it in other currencies.
Jewellers add a markup to the bullion rate before making charges enter the picture. With a MyAurum account, enter their quoted rate and see what the rate alone is costing you — alongside live spot, for reference.
One account works for both the calculator and the MyAurum vault.