Recommended from this result
Next toolsAssumptions and methodology
Transparent calculation notes for Gold Price Calculator.
Formula used
The calculator converts the selected weight unit to grams and applies the price per gram for the selected purity (IBJA rate or your own).
Methodology
- Convert the selected weight unit to grams.
- Use the live, fallback, stale, or entered price per gram for the selected purity; a per-10 g entry is divided by 10, and a per-tola quote by 11.6638038 g.
- Compute estimated metal value before local charges.
Core assumptions
- Your item's purity matches the selected hallmark grade.
- The gold item is comparable to the displayed purity benchmark.
- Weight is entered net of stones or non-gold components.
Not included
- GST, making charges, wastage, dealer spread, hallmarking charges, and city price differences are excluded unless entered separately.
- Market prices can change intraday.
About Gold Price Calculator
Guide1Understanding Gold Prices in India
Gold holds a special place in Indian culture and finance. India is one of the largest consumers of gold globally, with demand driven by jewelry, investment, and religious significance. Gold prices in India are influenced by international spot prices, the USD-INR exchange rate, and domestic demand and supply dynamics.
This calculator helps you determine the value of gold based on weight and purity, whether you are buying jewelry, gold coins, or gold bars.
2Factors Affecting Gold Prices
- International Spot Price: Global gold prices set by exchanges like COMEX and London Bullion Market
- USD-INR Exchange Rate: A weaker rupee makes gold more expensive in India even if global prices are stable
- Import Duty: India imports most of its gold; customs duty and GST impact the final price
- Domestic Demand: Festive and wedding seasons drive higher demand and sometimes premiums
- Central Bank Policies: RBI's gold reserves management and monetary policy influence prices
3Gold Purity and Karat System
Gold purity is measured in karats:
- 24K Gold: 99.9% pure gold — used for coins, bars, and digital gold
- 22K Gold: 91.6% pure — most common for Indian jewelry
- 18K Gold: 75% pure — used in some modern jewelry designs
IBJA publishes rates for 999, 995, 916 (22K), 750 (18K) and 585 (14K). Its 22K, 18K and 14K rates equal the 999 rate × 0.916, 0.75 and 0.585.
Look for the BIS hallmark, which shows the grade (for example 22K916) and a 6-character HUID.
4How to Use This Gold Price Calculator
- Step 1: Choose the purity (24K 999, 22K 916, 18K 750, 14K 585 or custom)
- Step 2: Check the price; we fill in today's IBJA rate for that purity, or type your jeweller's rate per gram or per 10 grams
- Step 3: Choose the unit (grams, tola, troy ounce or kg) and enter the weight
- Step 4: Read the metal value before GST, making charges and dealer margins