Gold Rate Calculator - India
Enter the weight of gold you want to buy or sell, select the karat purity, and choose your city. The calculator will give you an instant indicative value based on today's gold rates.
How to Use This Calculator
- Enter weight in grams - the total weight of the gold piece or the amount of gold you wish to buy. Common weights are 1g (small pendant), 8g (thin bangle), 10g (standard gold coin), or 100g (larger investment bars).
- Select the karat - choose from 24K (pure investment gold), 22K (standard jewellery), 18K (diamond jewellery), or 14K (fashion jewellery). If unsure, check the BIS hallmark on your jewellery for the exact karat.
- Choose your city - gold rates vary slightly across India. Select your nearest city for the most relevant rate estimate.
- Click Calculate- the tool will display the estimated gold value in INR based on today's indicative rates.
What the calculator does NOT include
- • 3% GST applicable on gold purchases
- • Making charges (8–25% of gold value for jewellery)
- • Wastage charges levied by some jewellers
- • Stone setting charges (if applicable)
- • Any local cess or octroi
Always ask your jeweller for a detailed itemised bill.
Understanding Making Charges
Making charges are the fee a jeweller charges for crafting the jewellery design. They can range from 8% for simple machine-made pieces to over 25% for handcrafted or temple jewellery. These charges are in addition to the gold rate and GST, so always negotiate making charges separately when buying jewellery.
Why Gold Prices Vary by City in India
If you switch between cities in the calculator above, you will notice slight differences in the gold rate across cities. These variations arise because gold prices in India are not uniformly set at a national level - they are influenced by local factors including state-level taxes, transportation costs, the concentration of wholesale bullion dealers, and local demand patterns.
Cities like Mumbai and Chennai, which are closer to major import ports, tend to have marginally lower logistical costs embedded in their gold prices. Cities in landlocked states like Uttar Pradesh, Madhya Pradesh, and Rajasthan may carry a small premium due to the additional transport leg from the coast. The state government's tax regime can also create inter-city differences.
For buyers, the practical implication is that if you are making a large gold purchase, it may be worth comparing prices across two or three jewellers rather than assuming all shops in your city charge the same rate. The base gold price per gram should be similar across reputable jewellers in the same city, but making charges and other levies can vary significantly.