Gold Price Calculator
Calculate the total value of gold based on weight, purity (24K, 22K, 18K), and current market rate. Includes making charges.
Results
Gold Price Calculation
Gold Value = Weight × Price per gram × (Purity / 24)
Making charges are calculated as a percentage of the gold value.
Frequently Asked Questions
What is the difference between 24K, 22K, and 18K gold?
24K gold is 99.9% pure gold. 22K is 91.6% gold (mixed with metals for durability, used in jewelry). 18K is 75% gold. Higher purity means higher price but softer metal.
What are making charges?
Making charges cover the cost of crafting raw gold into jewelry. They typically range from 8% to 25% of the gold value, depending on the design complexity and jeweler.
How is gold price determined?
Gold prices are influenced by international spot prices, currency exchange rates (USD/INR), import duties, and local demand-supply dynamics.