HUID Number 6-digit alphanumeric code unique to each piece — verify at bis.gov.in/hallmark
Jeweller Mark Registered BIS jeweller code — ensures accountability
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🏉 Gold Price Calculator India 2026 — 22K 24K 18K with Correct GST
India is the world's second-largest gold consumer, with gold deeply embedded in weddings, festivals (Akshaya Tritiya, Dhanteras, Dussehra), and investment portfolios. Today's gold rate (June 30, 2026): 24K = ₹14,302/gram, 22K = ₹13,110/gram, 18K = ₹10,727/gram. When buying gold jewellery, the final price has 4 components: gold value (rate × weight × purity factor), making charges (8-25% for machine-made, up to 40% for handcrafted), wastage charges (2-5% charged by some jewellers), and GST.
Critical GST rule (2026): Most calculators apply a flat 3% on total — but the correct GST on gold jewellery is 3% on gold value + 5% on making charges separately. For example: Gold value ₹1,00,000 (3% GST = ₹3,000) + Making ₹12,000 (5% GST = ₹600) = Total GST ₹3,600 — not ₹3,360 (flat 3%). Our calculator applies the correct split GST, giving you the most accurate jewellery price estimate in India.
Gold rates vary slightly by city — Mumbai (IBJA rate is the national benchmark), Delhi, Chennai, Hyderabad, Bengaluru, Kolkata, Pune, and smaller cities may differ by ₹50-200/gram due to local jeweller associations. Always check today's rate from your local jeweller or MCX India (mcxindia.com) before finalising a purchase. For BIS hallmark verification, visit bis.gov.in/hallmark and enter the 6-digit HUID number engraved on your jewellery.
📈 Is Physical Gold Better Than SGB or Digital Gold for Investment?
For pure investment (not for wearing), Sovereign Gold Bonds (SGBs) are superior to physical gold in almost every way: (1) No making charges — 100% of your money buys gold exposure; (2) 2.5% annual interest on the initial investment amount, paid every 6 months; (3) Capital gains at maturity (8 years) are completely tax-free for individuals; (4) No storage cost or theft risk; (5) Sovereign guarantee by Government of India. SGBs are available through banks, post offices, and stock brokers (Zerodha, Groww, Upstox).
Digital gold (available on PhonePe, Google Pay, Paytm Gold, Amazon) lets you buy 24K gold from as little as ₹1 — great for small, regular purchases without making charges. Gold ETFs (traded on BSE/NSE) have the lowest expense ratio (~0.5%) and can be bought in demat accounts. Physical gold jewellery remains the preferred choice for weddings, gifting, and ornamental use — the emotional and cultural value is irreplaceable. Use our Gold vs SGB tab above to compare your specific investment amount.
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❓ Frequently Asked Questions — Gold Price Calculator India 2026
What is the gold rate today in India (June 2026)? ▾
As of June 30, 2026: 24K (999 pure) gold is approximately Rs 14,302/gram, 22K (916) is approximately Rs 13,110/gram, and 18K (750) is approximately Rs 10,727/gram. These are approximate national average rates. Actual rates vary slightly by city (Mumbai, Delhi, Chennai, Hyderabad, Bengaluru may differ by Rs 50-200/gram). Always verify with your local jeweller or MCX India (mcxindia.com) before purchasing.
What is the correct GST on gold jewellery in India 2026? ▾
The correct GST structure (2026): 3% GST on the gold value (intrinsic value based on weight and purity) + 5% GST on making charges separately. Most calculators incorrectly apply a flat 3% on total. Example: Gold value Rs 1,00,000 + Making Rs 12,000. Correct GST = (1,00,000 × 3%) + (12,000 × 5%) = Rs 3,000 + Rs 600 = Rs 3,600 total GST. Total price = Rs 1,15,600. GST on gold bars/coins without making charges is simply 3%.
What is the difference between 24K, 22K, and 18K gold? ▾
24K (999): 99.9% pure gold — softest, highest value, not suitable for jewellery (bends easily). Used for coins, bars, and investment. 22K (916): 91.6% pure + 8.4% alloys (copper, silver). Most common for Indian jewellery — durable enough for daily wear, high gold content. 916 hallmark. 18K (750): 75% pure + 25% alloys. Preferred for diamond/studded jewellery and modern designs — harder, more durable, available in white and rose gold. 14K (585): 58.5% pure — used for casual jewellery, very durable.
What are making charges in gold jewellery? How much should I pay? ▾
Making charges are the labour and craftsmanship fees for converting raw gold into jewellery. Typical ranges in India (2026): Simple machine-made pieces — 8-12%; Standard handcrafted — 12-20%; Intricate designs (antique, temple jewellery) — 20-35%; Custom/designer pieces — up to 50%. Making charges attract 5% GST. Important: When selling old gold, you do NOT get making charges back — only the gold value. So high making charges reduce your effective investment return. Compare making charges across jewellers before buying.
How to verify BIS hallmark on gold jewellery? ▾
BIS hallmark (mandatory from April 2023) guarantees purity. Look for 4 marks: (1) BIS logo (triangle with IND BIS), (2) Purity code: 999=24K, 916=22K, 750=18K, 585=14K, (3) 6-digit HUID (Hallmark Unique Identification) alphanumeric code, (4) Jeweller's registered BIS mark. To verify HUID: visit bis.gov.in/hallmark or download the BIS CARE app. KDM gold (banned) has been replaced by hallmarked gold. Never buy gold without BIS hallmark.
How much will I get when selling old gold? ▾
When selling old gold: you receive only the gold value (rate × weight × purity) minus jeweller's deduction of 3-7% (testing/melting charges). Making charges are NOT refunded. Example: 10g of 22K gold, current rate Rs 13,110/g. Gold value = 13,110 × 0.916 × 10 = Rs 1,20,088. After 5% jeweller deduction = Rs 1,14,083. Compare rates at multiple jewellers. Banks (SBI, HDFC) and Kalyan Jewellers often give better rates than local shops. Exchanges (giving old gold for new) typically give better value than outright selling.
Is SGB better than physical gold for investment? ▾
Yes, for pure investment (not for wearing). SGBs (Sovereign Gold Bonds) advantages: (1) No making charges — 100% of investment buys gold; (2) 2.5% annual interest on initial investment value; (3) Capital gains at 8-year maturity are completely tax-free; (4) No storage risk or insurance cost; (5) Sovereign guarantee by GOI. The only disadvantage: 8-year lock-in (can exit at 5 years at market price, or trade on exchanges). For physical gold you intend to wear, there is no substitute. For investment, SGBs offer superior risk-adjusted returns.
What is the best time to buy gold in India? ▾
Historically, gold prices in India are lowest in June-July (post-wedding season, pre-festival season) and highest during October-November (Dhanteras, Diwali demand surge). Akshaya Tritiya (April-May) and Dhanteras are considered auspicious but prices are typically higher due to demand. For investment, time in market beats timing the market — systematic buying (Gold SIP via mutual funds or digital gold) averages out price fluctuations better than lump-sum buying. Gold has delivered approximately 10-12% CAGR over the past 20 years in India.