# Calculating The Accurate Gold Jewellery Price

Have you ever found yourself being curious to find out the exact making charge or the accurate value of the gold jewellery you just purchased from the Jeweller of your choice?

More often than not, we find ourselves scratching our heads, unable to confirm if the making charge percentage of what the Jeweller states is actually true or not. To address this hurdle, we build the Jewellery Price Calculator.

With this free online tool, you are empowered with the ability to check either the total price or making charge effortlessly and flawlessly.

## How to use Jewellery Price Calculator

- Go to Jewellery Price Calculator in GoldZouq
- Choose either the Total Price Calculator or the Making Charge Calculator. (You can either confirm the total price with the given making charge percentage or confirm the making charge percentage with the given Total Jewellery Price.)
- Fill in the Day’s Gold Rate, Jewellery Weight, Stone Price and weight (If any) and either the making charge in the total price calculator or the total price in the making charge calculator. And finally, hit submit.

So there you have it, you will get either percentage of the Making charge applied or confirm the total price of the jewellery as hassle-free as possible.

**Click the button below to use Jewellery Price Calculator**

**Formula for finding total price of gold jewellery ?**

**Prerequisites **

1 gram Gold rate, Gross weight of the ornament, Stone weight of the ornament, Stone rate of the ornament, Making Charge & GST.

**Formula**** **

Gold jewellery/ornament with stone

**((Gross Weight – Stone Weight) * 1 gram Gold rate) + Making Charge % of ((Gross Weight – Stone Weight) * 1 gram Gold rate) + 3% GST of total price = Total Price**

Let’s see an example: **Gold Ring**

1 gram Gold rate: 5260/- (04/10/2023)

Gross weight of the ornament: 3.310

Stone weight of the ornament: 0.720

Stone rate of the ornament: 250

Making Charge: 10%

**Step 1**

(Gross Weight – Stone Weight) * 1 gram Gold rate = A

3.310 – 0.720 = 2.590

2.590 * 5,260 = 13,623

**A = 13,623**

**Step 2**

A + Making Charge% of A = B

13,623 + 10 % of 13,623 = 14,985

**B = 14,985**

**Step 3**

B + Stone Rate = C

14,985 + 250 = 15,235

**C = 15,235**

**Step 4**

C + 3%(GST) of B = Total price

15,235 + 3% of 15,235 = 15,692

**Total Price = 15,692/-**

**Formula**** **

Gold jewellery/ornament without stone

**(Gross Weight * 1 gram Gold rate) + Making Charge % of (Gross Weight * 1 gram Gold rate) + 3% GST of total price = Total Price**

Let’s see an example: **Gold Ring without stone**

1 gram Gold rate: 5260/- (04/10/2023)

Gross weight of the ornament: 2.80

Making Charge: 8%

__Step 1__

Gross Weight ***** 1 gram Gold rate = A

2.80 * 5260 = 14,728

**14,728 = A**

__Step 2__

A + 10% of A = B

14,728 + 1178.24 = 15,906.24

**15,906.24 = B **

__Step 3__

B + 3%GST = Total price

15,906.24 + 477.1872 = 16,383.42

**16,383.42 /- = Total Price**

**For Easier Solution Visit Our Calculator Page **

**Formula for finding making charges of gold jewellery ?**

Now let’s find making charges using the prerequisites given below.

**Prerequisites **

1 gram Gold rate, Gross weight of the ornament, Stone weight of the ornament, Stone rate of the ornament, Total price including GST.

**Formula**** **

Gold jewellery/ornament with stone

**( (Total Price – GST%) – Stone Rate ) – ((Gross Weight – Stone Weight) * 1 Gram Gold Rate ) = Making Charge**

Let’s see an example : **Gold Ring with stone**

1 gram Gold rate: 5260/- (04/10/2023)

Gross weight of the ornament: 3.310

Stone weight of the ornament: 0.720

Stone rate of the ornament: 250

Total Price(including GST): 15,692

__Step 1__

Subtract GST from total price

Total Price * (100/103)

15,692 * (100/103) = 15,235

15,235 – Stone Rate = A

15,235 – 250 = 14,985

**14,985 = A**

__Step 2__

Gross Weight – Stone Weight

3.310 – 0.720 = 2.590

2.590 * 1 gram gold rate = B

2.590 * 5260 = 13,623

**13,623 = B**

__Step 3__

A – B = Making Charge

14,985 – 13,623 = 1362

**1362 = Making Charge **

__Final Step__

(Making Charge/B) *100 = Making Charge%

(1362/13623) * 100 = 10%

**Making Charge = 10%**

__Formula__** **

Gold jewellery/ornament without stone

**( Total Price – GST% ) – ( Gross Weight * 1 Gram Gold Rate ) = Making Charge**

Let’s see an example : **Gold Ring without stone**

1 gram Gold rate: 5260/- (04/10/2023)

Gross weight of the ornament: 2.80

Total Price(including GST): 16,383.42

__Step 1__

Subtract GST from total price

Total Price * (100/103)

16,383.42 * (100/103) = 15,906.23

**A = 15,906.23**

__Step 2__

Gross Weight * 1 Gram Gold Rate

2.80 * 5260 = 14,728

**B = 14,728**

__Step 3__

A – B = Making Charge

15,906.23 – 14,728 = 1178.23

__Final Step__

(Making Charge/B) *100 = Making Charge%

(1178.23/14,728) * 100 = 8%

**Making Charge = 8%**

**For Easier Solution Visit Our Calculator Page **