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)
—
Making charges
—
GST3% on gold + making charges
—
Other charges
—
You should pay approximately
—
Compare this estimate with your jeweller's invoice before paying. The gold value is based on the latest recorded Indian 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.
Get a clean record of what your gold is worth today. Useful for insurance, estate notes, or personal tracking. 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.
This is a live estimate based on today's Indian Bullion estimate. Track the exact value of every piece in your collection — for free.
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 the live IBJA bullion rate — the benchmark Indian jewellers price against.
What is the IBJA rate?
The India Bullion and Jewellers Association publishes a per-10g rate for 24K gold twice every working day. It's the benchmark most Indian jewellers use for daily counter pricing, with a small premium for handling. International COMEX spot prices feed into it.
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 IBJA), 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.