Gold Calculator — Calculate Gold Value by Weight, Purity & Today's Rate
Calculate the value of your gold jewelry, coins, or bars based on weight, purity (karat), and current gold rate. Understand making charges and buyback value.
Gold is India's favorite investment — households hold an estimated 25,000+ tonnes, worth over ₹100 lakh crore. But most people don't know the exact value of the gold they own because pricing depends on weight, purity, and daily rates. The CalcHub Gold Calculator computes your gold's value instantly.
Gold Purity — Karat Explained
| Karat | Purity (%) | Parts Gold (out of 24) | Common Use |
|---|---|---|---|
| 24K | 99.9% | 24/24 | Coins, bars, digital gold |
| 22K | 91.67% | 22/24 | Indian jewelry (most common) |
| 18K | 75.0% | 18/24 | Western jewelry, watches |
| 14K | 58.33% | 14/24 | Budget jewelry, accessories |
| 9K | 37.5% | 9/24 | Very budget accessories |
Gold Value Formula
Gold value = Weight (grams) × Purity (%) × Today's rate per gram (24K) Example: 50 grams of 22K gold, gold rate ₹7,500/gram (24K)- Gold value = 50 × 91.67% × ₹7,500 = 50 × 0.9167 × 7,500 = ₹3,43,763
Quick Gold Value Table
At ₹7,500/gram (24K rate) — adjust proportionally for current rates:| Weight | 24K Value | 22K Value | 18K Value |
|---|---|---|---|
| 1 gram | ₹7,500 | ₹6,875 | ₹5,625 |
| 5 grams | ₹37,500 | ₹34,375 | ₹28,125 |
| 10 grams | ₹75,000 | ₹68,750 | ₹56,250 |
| 50 grams | ₹3,75,000 | ₹3,43,750 | ₹2,81,250 |
| 100 grams | ₹7,50,000 | ₹6,87,500 | ₹5,62,500 |
| 1 tola (11.66g) | ₹87,450 | ₹80,163 | ₹65,588 |
Buying Gold: Total Cost
When you buy gold jewelry, you pay more than just the gold value:
| Component | Typical % | On ₹3,00,000 gold value |
|---|---|---|
| Gold value (22K) | Base | ₹3,00,000 |
| Making charges | 8–25% | ₹24,000–₹75,000 |
| GST (3% on gold + 5% on making) | ~3.5% | ₹10,500 |
| Hallmarking charges | Nominal | ₹200–500 |
| Total purchase price | ₹3,34,700–₹3,86,000 |
Selling Gold: What You Actually Get
When selling gold jewelry back:
| Component | Impact |
|---|---|
| Weight | Only gold weight counts (stones are excluded) |
| Purity | Tested via XRF machine or acid test |
| Market rate on that day | Based on 24K international rate |
| Deductions | 5–10% for impurities and dealer margin |
| Making charges | You get ₹0 back for making charges |
| Typical buyback | 70–90% of purchase price |
Gold as Investment: Forms Compared
| Form | Making Charges | GST | Purity | Liquidity | Storage |
|---|---|---|---|---|---|
| Jewelry (22K) | 8–25% | 3% + 5% on making | Varies | Low (need to sell physically) | Home/locker |
| Gold coins/bars | 0–3% | 3% | 24K certified | Medium | Home/locker |
| Digital gold | 0% | 3% | 24K | High (sell anytime) | Online |
| Gold ETF | 0% (expense ratio ~0.5%) | Nil | 99.5% | High (stock exchange) | Demat |
| Sovereign Gold Bond | 0% | Nil (if held to maturity) | NA (paper gold) | Medium | Demat/physical cert |
How to Use the Calculator
- Open the CalcHub Gold Calculator
- Enter weight in grams (or tola)
- Select purity (24K, 22K, 18K, etc.)
- Enter today's gold rate per gram (24K)
- See the value of your gold instantly
How do I check if my gold jewelry is actually 22K?
Look for the BIS hallmark — a triangular logo with "22K" or "916" stamped on the piece. Since June 2021, hallmarking is mandatory for gold jewelry sold in India. "916" means 91.6% pure gold (22K). If your jewelry doesn't have a hallmark, get it tested at a BIS-certified center.
Why does gold price change daily?
Gold is traded globally in USD per troy ounce. The Indian price reflects: (1) international gold price in USD, (2) USD/INR exchange rate, (3) import duty (currently 6%), and (4) GST (3%). All four variables fluctuate, causing daily price changes.
Is gold a good investment?
Gold is a store of value and inflation hedge, not a growth investment. Over 20+ years, gold returns roughly match inflation (8–10% in INR terms). Equity markets have historically outperformed gold over long periods. Gold works best as 10–15% of a diversified portfolio — not as your primary investment.
Related Calculators
- SIP Calculator — compare gold vs mutual fund returns
- Inflation Calculator — gold as inflation hedge
- Compound Interest Calculator — project investment growth
- Percentage Calculator — purity and making charge calculations