Bullion & BIS Hallmark Tool
Gold Price Calculator: 24K, 22K & 18K Karats with 3% GST
Calculate the exact purchase or resale value of gold jewellery, coins, and bars. Compute karat adjustments for 24K, 22K (916), and 18K gold, include making charges, wastage, hallmark fees, and 3% GST.
Gold Valuation Parameters
BIS Hallmarking Standard
22K (916 Hallmarked) is the Indian standard for traditional bridal jewellery.
₹
Equivalent to ₹7,250.00 / gram (24K Pure)
1.00 Sovereign (Pavan)
BIS Hallmark Fee (₹45 + GST)
Statutory Bureau of Indian Standards fee
Total Jewellery Bill (with GST)
22K 916 Hallmark
Final Estimated Price
₹61,048
Effective Rate: ₹7,631.00 / g
| Base Gold Rate (22K): | ₹6,641.00 / g |
| Gold Metal Value: | ₹53,128.00 |
| Making Charges: | ₹6,375.36 |
| BIS Hallmark Certification: | ₹45.00 |
| Taxable Pre-GST Subtotal: | ₹59,548.36 |
| GST (3% on Gold & Jewellery): | ₹1,786.45 |
| Total Bill Amount: | ₹61,334.81 |
Standard Indian Gold Jewellery Pricing Formula
Official Jeweller Billing Formula
Under BIS regulations and Indian consumer guidelines, jewellery price must be transparently split into metal cost, making charges, and taxes:
Final Price = (Gold Weight × Karat Rate/g) + Making Charges + Hallmark Fee + 3% GST
- 22K Rate/g: (24K Rate per 10g / 10) × (22 / 24) = 91.6% of 24K price.
- 18K Rate/g: (24K Rate per 10g / 10) × (18 / 24) = 75.0% of 24K price.
- Making Charges: Compensation for the craftsman / goldsmith (ranges from 8% to 25% depending on intricacy).
- GST (3%): Levied on the total of Gold Metal Value + Making Charges.
What is a 6-digit HUID in gold jewellery?
Every hallmarked gold article sold in India must bear a 6-digit alphanumeric Hallmark Unique Identification (HUID) number along with the BIS triangle logo and purity mark (e.g. 22K916). Customers can verify its authenticity using the official BIS Care mobile app.
Compliant Jewellery & Goldsmith GST Billing
Print elegant jewellery retail invoices with gross weight, stone weight, net gold weight, HUID codes, and UPI QR codes.
