Gold Jewellery Price Calculator
Work out what a piece of gold jewellery should cost from its weight, karat and today's gold rate, plus the jeweller's making charges and any wastage.
Per tola or per gram, as you choose below.
Per tola, per gram, in percent, or in total, depending on what you chose above.
Price
Rs 493,750
- Gold value
- Rs 477,750
- Making charges
- Rs 16,000
- Weight
- 23.3276 g (2 tola)
2 tola of 21-karat jewellery comes to about Rs 493,750: Rs 477,750 of gold and Rs 16,000 in making charges.
How it's worked out
- Gold at 21 karat
2 tola × Rs 273,000 × 21/24Rs 477,750 - Making charges
2 tola × Rs 8,000Rs 16,000
- When you sell jewellery back, jewellers usually pay only for the gold, often after a deduction, not the making charges. Ask for a written receipt showing the weight and karat.
The formula
Price = weight × (1 + wastage) × 24K rate × karat ÷ 24 + making charges
Worked example
2 tola of 21-karat jewellery at Rs 273,000 a tola: 2 × 273,000 × 21 ÷ 24 = Rs 477,750 of gold. With making charges of Rs 8,000 a tola, the price is Rs 493,750.
Questions people ask
How is the price of gold jewellery calculated?
Weight × today's 24-karat rate × the karat ÷ 24, plus making charges. 2 tola of 21-karat gold at Rs 273,000 a tola is Rs 477,750 of gold.
What are making charges?
The jeweller's fee for crafting the piece (mazdoori), charged per tola, per gram, as a percentage of the gold's value or as a fixed amount. The calculator takes any of these, and the gold rate per tola or per gram.
What is wastage (kaat)?
Gold lost in making the piece, which some jewellers add to the weight you pay for.
About this calculator
Formula and rules last checked 25 October 2026Written and tested by the CalculatorDex teamReport a problem