How to calculate Gold Rate in India - 2025

By Team Gullak

Last updated : Aug 8, 2025

7 min read

Gold rate denotes the current gold price for every gram of Gold purchased. If you’re wondering, “How to calculate gold rate in India?”, use the Gold weight calculator below:

Table: 24K and 22K Gold rate calculator

Gold rate across different weight denominations

You can use the Gold gram calculator above or the tables below to quickly skim through current Gold prices across multiple weight denominations:

For 24K Gold, here are the prices -

Table: How much is 1 gram of gold(24Karat)

Table: How much is 5 grams of gold(24Karat)

Table: How much is 10 grams of gold(24Karat)

Table: How much is 20g of gold worth? - 24K

For 22K Gold, here are the prices -

Table: How much is 1 gram of gold(22 Karat)

Table: How much is 5 grams of gold(22 Karat)

Table: How much is 10 grams of gold(22 Karat)

Table: How much is 20g of gold worth(22 Karat)?

24K Gold vs 22K Gold

24 Karat vs 22 Karat Gold are the 2 major types of gold that are bought.

The key difference between them is that 24K gold is primarily used when buying digital gold or gold coins or gold bars. 24K Gold is the purest form of gold and is typically used as investment. This type of Gold is very fragile and is hardly ever used in jewellery.

On the other hand, 22K gold generally has gold + some other metal to make it more sturdy. This is why 22K Gold is used for making jewellery. This type of gold is less pure than 24K gold.

Gold Rate calculator - Why you should use it and how it works

As the name suggests, the gold rate calculator helps you understand how to calculate gold rate. Using this calculator, you can calculate the current gold rate for 22 Karat gold and 24 Karat Gold for any gold quantity(in grams).

Benefits of the Gold rate calculator:

How does the Gold Rate Calculator work?

When using Gullak's Gold rate calculator, you just need to input the Purity of Gold and gold grams. Upon providing the inputs and clicking on the "Calculate" button, you'll know how to calculate gold rate.

Benefits of a Gold rate calculator

A gold rate calculator massively eases up the process of how to calculate gold rate. With this calculator, you get the below benefits:

How to calculate gold in gram??

With the Gold rate calculator, we have 2 major components:

Formula used to calculate Gold rate: Gold Quantity * Gold Price. So, if the weight selected is 10 grams and current gold price is ₹10,000/gm, cost of 10 gms gold is ₹100,000.

While this gives the actual gold price, gold purchases generally attract a 3% GST and additional making charges in case you are buying jewellery.

If you're wondering, "How to calculate gold price per gram?" - If you have the gold gold price and the weight, gold price per gram = total gold price/gold weight

How to calculate Gold Rate while buying Gold jewellery?

While calculating the current gold rate is more straightforward, finding out the gold rate of your jewellery becomes slightly tricky, due to some additional factors that come into play.

Additional components of Gold jewellery purchase:

Gold purity: Generally, gold jewellery comes in 3 types of purity – 14 Karat, 18 Karat and 22 Karat. Since 24Karat gold is extremely soft and malleable it is rarely used in jewellery.

Gold Rate: While there’s a fixed gold rate determined by IBJA(India Bullion and Jewellers Association), by the time the gold comes to the end user there are multiple parties like gold refineries and jewellers involved, who charge small commissions on top of gold price.

Making charges: These are charges levied by jewellers on top of the gold price. Raw gold from the refineries needs to be converted into jewellery before they are sold to the consumer. The labour charge involved behind this artistry is called making charge.

Taxes: On every gold purchase, there’s a one time 3% GST charge applicable on the gold price.

Stones attached: Modern jewellery also comes with designer stones that add up to the aesthetic of the ornament. It is important to remove the stone price while taking out the gold rate.

Additional cost: Other costs Hallmark charge(typically ₹35/ornament), wastage charge(gold wasted when converting gold to gold jewellery), service charges are also applied to the total price.

How to calculate Gold Rate on jewellery?

Use the below formulas to calculate the gold price on your jewellery:

Total Gold price = Total jewellery price - (making charges + GST + wastage charges + Hall mark charges + stone price)

Once you have the Total Gold price, divide it by gold weight to arrive at the gold rate at which the jewellery is being sold i.e., Gold rate = Total gold price/gold weight

How to calculate Gold Rate on Digital Gold?

Unlike physical gold, digital gold doesn’t have as many components to the final price, hence it is easier to calculate the gold rate. Use the below formulas to accurately calculate the gold rate:

Let's say(example), you've purchased 9 gms Digital Gold worth ₹100,000. GST on Gold is 3%. Hence, GST paid = 3%*100,000 = ₹3000. So, Total Gold price = ₹100,000-₹3000 = ₹97,000.

Now, Gold rate per gram = 97000/9 = ~₹10778/gm

Historical Gold rate Trend

Gold prices have been consistently growing over the years. Which is why, if you require gold for any future event or as an investment, buying at current prices might be a good decision since prices are ever increasing. Below is the Historical Gold rate trend of 10 gms 24K Gold over the years.

Table: Gold prices over the years

Factors influencing the Gold rate

At its core, all the factors that influence gold price are tied to Demand and supply dynamics for the asset. In this section, we'll go through the major instances that lead to a change in this dynamic, in turn influencing the gold rates:

Conclusion

Using the above calculator and formulas, users can easily understand how to calculate gold rate for both physical and digital gold. This should be enough for investors to make educated choices when buying gold.