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Disclaimer
The calculator’s results are indicative in nature and are subject to change after the physical valuation of gold.
About gold rate calculator
A gold rate calculator helps you determine the current value of your gold based on today's market rates. It's built to quickly and accurately calculate the value of jewellery, ornaments, or coins.
The calculator factors in the current gold rate per gram and the weight of your gold item. Enter these details, and you'll get an approximate value in Indian Rupees within seconds.
How does the gold rate calculator work?
Whether you are planning to sell gold or apply for a gold loan, knowing your gold's exact value matters. This tool uses simple inputs like purity and weight to estimate market value (as per IBJA) using the current gold rate in India. It's especially handy for checking small quantities, like the price of 3 grams of gold.
Your final loan amount depends on the eligible LTV, actual karat, and whichever is lower: the previous day's closing price or the 30-day average closing price, both published by IBJA or a SEBI-regulated commodity exchange.
Steps to calculate:
- Input the weight of your gold item: For example, if you have a bangle weighing 15 grams, enter this value.
- Select the purity level: This typically ranges from 18K to 24K. If your bangle is 22K gold, choose that option.
- Get your market value: The tool multiplies the current gold price per gram (as per IBJA) by the weight and purity factor to estimate your gold's worth.
Example: If you have a 10-gram gold chain of 22K purity, and the current gold rate is Rs. 5,500 per gram, the estimated value would be approximately Rs. 55,000.
Planning to pledge gold? Use the result to see how your gold's value lines up with current gold loan interest rates.
The Gold cost calculator tool is built for quick, transparent gold evaluations before you make any financial decision. Whether you're assessing jewellery, coins, or ornaments, planning investments, or deciding whether to buy or sell, a gold rate calculator gives you fast, reliable estimates.
What is the formula for gold value calculator?
Jewellers employ the following formula to calculate gold rates:
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Final Jewellery Price = Gold Price per Gram (22 or 18 Carat) × Weight in Grams + Making Charges per Gram + Goods and Services Tax (GST) on (Jewellery Price + Making Charges). To illustrate, consider this scenario:
Example:
- Price for 10 grams of 22-carat gold: Rs. 32,000
- Price for 1 gram of 22-carat gold: Rs. 3,200
- 3 gram gold price for 22-carat gold: Rs. 9,600
- Weight of the gold item: 15 grams
- Making charge: Rs. 350 per gram
- GST: 3% (flat rate)
Total price: Rs. 3,200 × 15 grams + (15 grams × Rs. 350) = Rs. 48,000. Applying 3% GST brings the final amount to Rs. 49,440.
Check now and make informed purchase, investment, and gold loan decisions with ease.
Check now and make informed purchase, investment, and gold loan decisions with ease.
Benefits of using gold rate calculator in gold loan
Gold rate calculator estimates the gold's market value before pledging, based on factors such as its weight, purity and applicable gold rate. Using a gold rate calculator when applying for a gold loan online can help you estimate your potential loan amount and plan your borrowing.
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Accurate value estimation
The calculator uses your gold’s weight and purity to give a precise market value, helping you know exactly how much your gold is worth before taking a loan.
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Time-saving
Get results instantly online, no need to visit multiple lenders or jewellers.
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Transparency
Standardised valuations reduce confusion or disputes, giving both lenders and borrowers a fair, clear price.
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Better comparison
With a clear value estimate, you can compare loan offers from various lenders and choose the best terms.
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Improved financial planning
Knowing your gold’s value helps you borrow responsibly and plan repayment comfortably.
How does a gold rate calculator help?
Factors influencing gold rates in India
Several factors affect gold rates in India, and can affect the output of a gold rate calculator:
- Global gold prices: Gold is internationally priced in US dollars, so changes in global prices directly influence Indian gold rates.
- Currency exchange rates: A 1% depreciation in the Indian rupee against the US dollar can broadly increase the INR-denominated gold price by around 1%, assuming other factors remain unchanged.
- Import duty: India’s gold import duty can directly affect the landed cost of imported gold. The applicable rate is subject to government policy and can change.
- GST: Gold purchases attract 3% GST. The applicable treatment of making charges depends on how they are billed.
- Seasonal demand: Gold demand typically rises during major festivals and wedding seasons, which can influence local prices.
Understanding these factors can help you interpret changes in a gold cost calculator and estimate your gold costs more effectively. Check your gold loan eligibility to see how much you can borrow today.
How to calculate the gold rate in India?
Calculating the gold rate in India is simple with a gold calculator, especially when you're planning to apply for a Bajaj Finance Gold Loan. This tool estimates your jewellery's value using two inputs: gold rate per gram and the weight of your item.
Get the value your gold deserves. Check your gold loan eligibility and see how much you can avail based on purity and weight.
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Frequently asked questions
Gold Price
Gold Purity
GST
To calculate gold price using a gold rate calculator, input the weight and gold purity item. The calculator then computes its market value (as per IBJA gold rate) based on the current gold rate. This process provides an accurate estimation of the gold's worth, aiding in informed buying, selling, or loan decisions.
In India, to calculate the price of 1 gram of gold, multiply the current gold rate per gram by the purity percentage of the gold item. For instance, if the current gold rate is ₹4,000 per gram and the gold item is 22-carat (91.6% pure), the price for 1 gram would be ₹4,000 × 0.916 = ₹3,664.
Yes, you can use the Gold Price Calculator to estimate the value of gold jewellery. Simply input the current price of gold per gram and the weight of the jewellery in grams. The calculator will then provide an estimate of the value of the gold content in your jewellery based on the provided information.
To calculate the 18 carat gold rate from 24 carat gold, first understand that 24 carat gold is considered pure gold, while 18 carat gold contains 75% gold and 25% other metals. To find the 18 carat rate, multiply the current 24 carat gold rate by 0.75. For example, if the 24 carat gold rate is Rs. 5,000 per gram, the calculation would be Rs. 5,000 × 0.75 = Rs. 3,750 per gram for 18 carat gold. This method provides a clear understanding of the value based on the purity of the gold.
You cannot check gold loan eligibility directly with a gold rate calculator, as it only estimates your gold’s value. To know if you qualify for a gold loan, you must review the gold loan eligibility criteria today.
To calculate scrap gold price, first determine the weight and purity of the gold item. Then, multiply the weight by the purity percentage to find the pure gold content. Finally, multiply the pure gold content by the current market price of gold per gram. Additional factors like refining costs may also affect the final price.
Yes, you may use the gold rate calculator to calculate the gold rates for different purities.
To calculate the gold rate including wastage, you need to factor in the wastage percentage charged by the jeweller, which typically ranges from 2% to 10%. First, determine the weight of the gold you plan to purchase and the current gold rate. For instance, if you're buying 10 grams of gold at Rs. 5,000 per gram, the total gold cost would be Rs. 50,000. Then, if the jeweller charges 5% wastage, calculate 5% of Rs. 50,000, which is Rs. 2,500. Add this to the total cost, resulting in a final price of Rs. 52,500.
You can calculate your jewellery’s gold value using its weight, purity and applicable gold rate. A gold rate calculator can simplify this calculation. Enter the jewellery weight and purity, then use the relevant market rate to estimate the gold value before considering making charges and applicable taxes.
The basic formula is Gold value = Gold weight × Applicable gold rate per gram. For example, if 10 grams of gold is priced at Rs. 10,000 per gram, its estimated gold value is Rs. 1,00,000. Jewellery making charges and applicable taxes may be added separately.
To calculate the GST on gold jewellery, you typically add the applicable Goods and Services Tax (GST) rate to the base price of gold. This total price includes the cost of the gold along with the GST percentage, resulting in the final rate.
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Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.