GoldRate by INDOSYS
Live Sovereign Gold Rates & Accurate Retail Ornament Calculator
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Official Benchmark: Updated: 13 Oct 2026, 03:58 PM IST (IBJA Morning Session (AM Opening Rate))
24K ₹14,929.00/g
22K ₹13,688.65/g
18K ₹11,207.96/g
14K ₹8,742.21/g

1. Select Carat & Today's Rate

Choose ornament purity and current retail gold price per gram.

Current benchmark for selected carat
₹

2. Ornament Weight & Purity Weight

Deduct stone/enamel weight to charge gold solely on pure net weight.

g
g
Net Gold Weight
10.000 g
Need weight in Tola, Pavan/Sovereign, or Milligrams?
11.664 grams

3. Making Charges (Labour Fee)

Artisan crafting, design complexity, casting & polishing fee.

Standard retail is 8% to 20%
%
Quick Presets:

4. Wastage & BIS Hallmarking

Covers melting loss during fabrication and official BIS hallmarking.

Typically 0% to 5%
%
Quick Presets:
Statutory BIS Hallmarking Standard ₹45 statutory fee per article with laser HUID
₹
Additional Charges, Stones & Quotation Info Click to Expand ▾
₹
₹
₹
%
Estimated Retail Price
₹1,60,778.48
Rate/g: ₹16,077.85/g GST (3%): ₹4,682.87

Price Breakdown Summary

Accurate itemized calculation as per BIS retail standards

Base Gold Price 10g @ Today's Rate ₹1,36,886.50
Making Charges (Labour) 12% of base price ₹16,426.38
Wastage Charges (Vastad) 2% of base price ₹2,737.73
BIS Hallmarking Fee ₹45 × 1 pc ₹45.00
Subtotal (Sum of Components) ₹1,56,095.61
GST (3%) Unified jewellery tax ₹4,682.87
Final Retail Price (Subtotal + GST) ₹1,60,778.48
Print Quotation Slip
Mathematical Formula Walkthrough
Step 1 & 2: Base Gold Value
Net Weight × Today's Rate per Gram
10g × ₹13,688.65 = ₹1,36,886.50
Step 3: Making Charges (Labour)
Base Gold Value × Making %
12% of base price = ₹16,426.38
Step 4: Wastage (Vastad)
Base Gold Value × Wastage %
2% of ₹1,36,886.50 = ₹2,737.73
Step 5 & 6: Subtotal
Sum of Base + Making + Wastage + Hallmarking
₹1,36,886.50 + ₹16,426.38 + ₹2,737.73 + ₹45.00 = ₹1,56,095.61
Step 7: Goods & Services Tax (GST 3%)
Subtotal × 3%
3% of ₹1,56,095.61 = ₹4,682.87
Final Retail Price
Subtotal + GST
₹1,56,095.61 + ₹4,682.87 = ₹1,60,778.48

Institutional Benchmark References & Trusted Market Intelligence

Official numbers, release sessions, and statutory regulations verified by RBI, IBJA, BIS & Ministry of Finance.

● Auto-Sync Active (Official Sessions: 11:45 AM & 5:00 PM IST)
RBI Recognized

Daily Sovereign Benchmark Rate Published

Official benchmark rates released for 13 Oct 2026, 03:58 PM IST. Utilized by commercial banks for gold loan valuation and Sovereign Gold Bonds (SGB).

India Bullion & Jewellers Association (IBJA) 13 Oct 2026, 03:58 PM IST
Statutory Gazette

Mandatory Laser Assaying & HUID Hallmarking

Statutory hallmarking charge maintained at flat ₹45.00 (+ GST) per article for 14K, 18K, 20K, 22K, 23K, and 24K gold jewellery articles.

Bureau of Indian Standards (BIS) Official Regulation
Central Tax Law

Unified 3% GST on Gold Ornaments (HSN 7113)

Goods & Services Tax applicable across India at 3% (1.5% CGST + 1.5% SGST) on total fabrication value.

GST Council & CBIC (Ministry of Finance) Statutory Law
Market Trade

Domestic Bullion Trading Trends

Gold futures and spot delivery contracts trading steady in alignment with international macroeconomic indices and festive demand.

Multi Commodity Exchange (MCX) Active Session

Frequently Asked Questions (Gold Pricing & BIS Standards)

Essential insights to help Indian consumers buy gold with 100% confidence.

Read All Detailed Guides →

1. How is retail gold jewellery price calculated in India?

The authentic Indian jewellery calculation formula is: [ (Net Gold Weight × Gold Rate/Gram) + Making Charges + Wastage + BIS Hallmarking Fee (₹45) ] + 3% GST. Always deduct stone weight so that gold rates apply strictly to pure net gold.

2. What is the difference between 24K and 22K gold?

24K gold is 99.9% pure bullion gold, which is very soft and suitable for investment coins and bars. 22K gold (BIS 916) contains 91.6% pure gold alloyed with zinc/copper to give the tensile strength required for intricate, durable jewellery.

3. Why must jewellers deduct stone weight from gross weight?

Synthetic stones, cubic zirconia (CZ), and enamel do not have the monetary value of gold. If a 12g necklace has 2g of stones, paying gold price on the full 12g results in significant financial loss. Gold rates must strictly be billed on the 10g net weight.

4. What is the mandatory BIS Hallmarking fee?

Under Central Government Gazette mandate, the statutory BIS laser hallmarking fee is fixed at ₹45.00 (+ GST) per article. It guarantees laser assay testing and assigns a mandatory 6-digit alphanumeric HUID code that can be verified on the official BIS CARE app.

5. How much GST is applicable on gold jewellery purchases?

Under Central Tax law (HSN Code 7113), gold jewellery is subject to 3.0% GST (1.5% CGST + 1.5% SGST), computed on the composite fabrication value of base metal, labour, wastage, and hallmarking.