India Gold Jewellery Price & GST Calculator
Accurately determine final billing price for gold ornaments including making charges, BIS hallmarking fee, and 3% Goods and Services Tax.
Direct Statutory Calculation Result
Calculation Parameters (Finance Act 2024, GST Council & Central Acts)
Statutory Itemized Breakdown
| Statutory Element | Assessed Value | Legal Reference & Notes |
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Frequently Asked Statutory Questions
What is the GST rate on gold jewellery in India?
Under Indian GST laws, a uniform 3% Goods and Services Tax (GST) is levied on the total taxable value of gold jewellery, which comprises the base metal value plus the making charges.
How is the gold price calculated for 22K jewellery?
The price for 22 Karat gold is derived from the pure 24K price: (24K Rate per 10g ÷ 10) × (22 / 24) = 22K rate per gram. 22K contains 91.67% pure gold.
What is the mandatory BIS Hallmarking fee in India?
Bureau of Indian Standards (BIS) mandates hallmarking on gold jewellery. The government prescribed hallmarking charge is a fixed ₹45 per piece plus 18% GST (total ₹53.10 per article).
Can you negotiate on making charges with jewellers?
Yes. While the gold rate per gram is generally standardized based on daily spot market prices, making charges vary widely from 8% to over 25% and are subject to commercial discount or negotiation.
Is GST charged on old gold exchange?
If you exchange old gold for new jewellery, GST is levied only on the net invoice difference (value of new jewellery minus the agreed purchase value of your old scrap gold).
Engr. Muhammad Shahzad
Verified Fiscal & Statutory AlgorithmistLead software architect and statutory modeling specialist with over a decade of experience designing enterprise-grade algorithmic frameworks, double-entry financial models, and statutory compliance engines across European and global regulatory jurisdictions.
Engr. Muhammad Shahzad
Principal Financial Systems Architect & Indian CBDT & EPFO Statutory Systems Principal Architect
Lead software and systems architect specializing in high-performance browser computing, algorithmic validation, financial models, and zero-telemetry client-side privacy architecture.