How the jewellery price is calculated
Metal value = Weight × Rate per gram, then Making charges = Metal value × Making %, and GST of 3% is added on both: Final price = (Metal value + Making) × 1.03.
Gold purity
- 24K is 99.9% pure gold, used for coins and bars.
- 22K (916 hallmark) is 91.6% gold, the most common for jewellery.
- 18K is 75% gold, often used for diamond and stone jewellery.
Before you buy
- Check the BIS hallmark and the 6-digit HUID code on the jewellery.
- Rates change daily and differ slightly by city and jeweller.
- Compare making charges across shops. They can change the final price a lot.