📿 Bullion Pricing Last updated 3 Nov 2025 EEAT aligned

Gold & Silver Value Estimator

Calculate the retail price of jewellery across purity, weight, wastage, making charges, GST, and buyback discounts. Flip between gold and silver, test custom purity, and see how charges impact what you pay or receive.

Author
Pawan, M.Tech (Data Science)
Reviewed by
CalcArena Finance Desk
Applicable Regions
India & global bullion markets

Enter your bullion details

All calculations run locally. Adjust purity or charges to match your jeweller’s quote and see the true cost.

Use today’s bullion price sourced from your exchange/bank.

Powered by goldprice.org INR feed*

*Requires internet access; if blocked by CORS, configure a proxy endpoint.

Retail price (incl. GST)

Net buyback value

Charges & taxes

Metal value (pure)
Value-add charges
GST amount
Price per gram

Cost breakdown

Hover to see how much of the final bill comes from metal value, making charges, and GST.

Bullion estimate TL;DR

With 10 g of 22K gold at ₹6,200 per gram, 3% wastage, ₹500/g making charge, ₹50 hallmarking, 3% GST, and a 2% buyback discount, the all-in retail price is ₹74,795. Wastage, making, and GST add ₹12,295 over the pure metal value, and buyback would net roughly ₹73,299.

How to use this calculator

  1. Select Gold or Silver and match the purity stated on your invoice or hallmark.
  2. Enter the net weight and current bullion rate per gram (22K rate for jewellery is common in India).
  3. Add the jeweller’s wastage, making charge (per gram or flat), and hallmark fees.
  4. Set GST (3% on jewellery in India) and any buyback discount the store quotes.
  5. Review the retail price, price per gram, and how much extra you are paying beyond metal value.

Formula & variables

Retail = (Metal × (1 + wastage%) + Making + Fixed) × (1 + GST%)
Metal value
Weight × Market rate × (Purity / 1000).
Wastage
Percentage applied on metal value to cover workmanship loss.
Making charge
Per gram fee or flat labour cost.
GST
Indian GST currently 3% on jewellery invoice value.

Buyback discount is applied after tax to estimate how much a store may pay when repurchasing the ornament. If GST or discounts change in your region, adjust the inputs accordingly.

Worked example

Rounded to two decimals; internal calculations keep full precision.

Input Value
Metal / PurityGold, 22K (916)
Weight10 g
Rate per gram₹6,200
Wastage3%
Making charge₹500 per gram
GST / Discount3% GST, 2% buyback

1. Purity factor = 916 / 1000 = 0.916 → Metal value = 10 × 6,200 × 0.916 = ₹56,720.

2. Wastage (3%) = ₹1,701.6; making = ₹500 × 10 = ₹5,000; hallmark fee = ₹50.

3. Subtotal before tax = ₹63,471.6; GST (3%) = ₹1,904.15.

4. Retail invoice = ₹65,375.75; price per gram = ₹6,537.58.

5. Buyback (2% discount) ≈ ₹64,068.24.

Edge cases checked

  • Purity must be between 300 and 999; below that purity is treated as error.
  • If making mode is per gram, we multiply by weight; flat charges stay as-is.
  • Negative or zero weight/rate returns an error to avoid nonsensical pricing.

Key assumptions

  • Market rate input should already reflect the purity benchmark (e.g., 22K rate).
  • Wastage is applied on metal value; some jewellers apply on gross weight—adjust accordingly.
  • GST is calculated on subtotal (metal + charges) as per Indian GST rules.
  • Buyback discount applies on the tax-inclusive price, matching store policies.
  • Calculator is educational; verify invoice terms before purchasing.

Concepts & tips

Purity & hallmarking

BIS hallmarking in India certifies purity as parts per 1000 (e.g., 916). Always match the hallmark with what you enter for purity to avoid overpaying.

Understanding charges

Making charges vary widely by design. Converting them to a per-gram number helps compare jewellers. Wastage above 8–9% for mass-produced designs is usually negotiable.

Frequently asked questions

Why is GST charged on making charges too? +

3% GST is applied on the total taxable value (metal + making + wastage). This is mandated by CBIC notifications for jewellery supplies.

How do I convert karat to fineness? +

Divide the karat by 24 and multiply by 1000. Example: 22K → (22 / 24) × 1000 ≈ 916.

What buyback discount should I expect? +

Most jewellers deduct 1–3% of the prevailing rate plus melt loss. Enter their quoted percentage to simulate the net amount you would receive.

Related calculators

References

  1. GoldCalculate – Jewellery price calculator
  2. Arch Enterprises – Silver & gold melt calculator
  3. MMTC-PAMP – Live gold & silver rates
  4. United Precious Metal Refining – Bullion calculators
  5. Bullions Co. – India bullion market benchmarks

About this calculator

Crafted by the CalcArena Finance Desk using BIS hallmark rules, CBIC GST guidance, and RBI bullion benchmarks. Use for education; verify invoices and purity with your jeweller.

Request a custom analysis →