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Gold Purchase Calculator
Calculate total cost including making charges, wastage charges, and GST for jewelry purchase
Calculate Your Purchase Cost
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Enter current rates manually or click "Use Live Price" to fetch
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Moderate Charges
Moderate charges. Consider negotiating or comparing with other jewelers.
Total charges: 20.51% of base price
Total Price
₹78,332
Base Price
₹65,000
Total Charges
₹13,332
Charges % of Base
20.51%
Cost Breakdown
Price Comparison by Purity
Detailed Breakdown
10g × ₹6,500/g₹65,000
Making Charges (15%)₹9,750(15.00%)
Wastage Charges (2%)₹1,300(2.00%)
Subtotal₹76,050
GST (3%)₹2,281.5(3.00%)
Total Price (You Pay)₹78,331.5
Smart Recommendations
General Tips
- Always ask for BIS hallmark certification (for gold)
- Compare prices across 2-3 jewelers before purchasing
- Negotiate making charges - they are often flexible
- Check the current market rate before buying
- Verify weight and purity at the time of purchase
- Keep purchase receipts and certificates safe
Understanding Jewelry Charges
Making Charges:
- • Simple designs: 8-12% (rings, chains, bangles)
- • Moderate designs: 12-18% (necklaces, earrings)
- • Intricate designs: 18-25% (heavy sets, designer pieces)
- • Custom designs: 25-35% (bespoke jewelry)
Wastage Charges:
- • Standard wastage: 1-2% of base price
- • Accounts for metal lost during manufacturing
- • Higher for intricate designs (up to 3-4%)
- • Should be clearly stated by the jeweler
GST:
- • Gold/Silver/Platinum jewelry: 3% GST
- • Applied on subtotal (base + making + wastage)
- • Mandatory tax as per Indian law
- • Always ask for GST invoice
Purity Standards:
- • 24K Gold: 99.9% pure (soft, mainly for investment)
- • 22K Gold: 91.6% pure (most common for jewelry)
- • 18K Gold: 75% pure (durable, modern designs)
- • 14K Gold: 58.3% pure (very durable, less expensive)
- • Always verify purity with BIS hallmark
Disclaimer: This calculator is for estimation purposes only. Results are approximate and may vary from actual values. Please consult with a financial advisor for personalized advice.