Today Gold Price (Gram, Oz, Tola) Jewellery calculator
Welcome to the Gold Jewelry Price Calculator. Here, you can calculate the jewelry price using any karat (e.g., 24k, 23k, 22k, 21k, 20k, 18k, 14k,10k, etc.), any unit type (e.g., Gram, Ounce, Tola, etc.) and any currency of the world (e.g., UK, USA, Europe, KSA, Australia, NZ, India, Pakistan, Dubai, Oman, Kuwait, etc.). The current Gold jewelry price is being provided in the local time zone of the desired currency. To view and calculate the price of Gold , select a unit (e.g., gram, tola, Oz, etc.), then enter jewelry making cost (in percentage or exact amount, select it from the dropdown list).
Similarly, enter a tax amount in percentage (that is a tax on both the Gold price plus the jewelry making cost) and then select your desired currency, then enter quantity, and click on the calculate button. All the calculation is based on the real-time live rates, which is given above. A calculator is an essential tool for Gold buyers and sellers, e.g., Goldsmiths. It is being used to estimate the worth of Gold Products (e.g., jewelry like the bracelet, nickles, bangles, Armlet, Friendship bracelet, Gospel bracelet, rings like Engagement ring, Wedding ring, Thumb ring, ankle bracelets, earrings, Brooch, Cufflink, Tie pin, Tie Clip, Belly Chain, Tie Chain, Hairpin, Pledge Pin, Nose Jewel and chain etc.)
The Gold carat calculation formula
The 24k is 99.99% pure gold, and a standard using around the world. Other karats like 22k are calculated from 24K using the following formula:
Desired Karat = (desired karat value / 24) * current spot gold rate
Following is the calculation of 22K jewelry gold
The current spot gold rate = 1815.67 USD
22K = (22/24) * 1815.67
= 0.916 * 1815.67
= 1663.15372 USD
Like above, you can calculate 18K
18K = (18/24) * 1815.67
= 0.75 * 1815.67
= 1361.7525 USD
Similarly, you can calculate all other karats.
Aspects of gold jewelry price calculation
Standard gold and Jewellery prices are always varied because of jewelry marking cost plus GST and other tax. Gold jewelry is often made of 22 karat gold that is 91% pure and the ideal form to design any jewelry. There are many factors listed below that affect gold jewelry price.
Spot gold rate
The current market rate is the most dominant factor in the calculation of The current market rate is the most dominant factor in the calculation of gold jewelry. In the international market, the spot gold is generally traded in ounce which is 99.99% pure, while other weights or units are also using like Gram, Tola, KG, Baht, Tael, Vori, Masha, Patti. You can find its detail on the home page.
Karat or Purity level of Gold
Karat plays a vital role to estimate the gold price. High karat value means more purity and expensive. For example, the 24K gold is 99% pure, while 22K gold is 91% pure.
Making Charges of Jewelry
Gold Jewellery mentioned above is available in many types and shapes with various designs. Every kind of different designs can be man or machine made that require specialized skills. The cost of making jewelry is not fixed, and it is varied everywhere.
Tax Rate of Jewellery
Around the world, different percentage of the tax rate is using for gold and its making. For example, mostly 3% in India.
Stones used in Jewelry
It should be removed while calculating the price of jewelry.
You can use this calculator to find the current price of jewelry in your desired currency.
The process is described in the following image:
1. Select a unit or weight. For example, gram, ounce, tola, etc
2. Enter the total number of units or weights, e.g., 1, 2, 3, 1.5, 2.5, etc
3. Enter the cost of making that jewelry
4. Cost of making jewelry can be in a percentage (e.g., 3%) or an exact amount ($12)
5. Enter the amount of tax on both (gold price + jewelry making cost)
6. Select purity or karat of gold (like 22k, 18, etc.)
7. Select your desired currency like EUR, USD, INR, AUD, NZD, QAR, KWD, SAR, PKR, etc
8. Click on the calculate button
9. You see the calculated rate as shown in the image
How to calculate the price of gold jewelry?
The formula for calculation of gold jewelry price is
Simple formula = Gold Rate + Making Cost + Tax
Detailed formula = Gold price per gram of desired Karat X (number of the Gram) + Jewelry Making cost + Tax (Gold Price per gram of desired karat + jewelry making cost)
Let suppose you want to buy 22 Karat gold jewellery, then
Gold price per Oz of 22k: 2000 USD
Number of Oz: 2
Gold price of 2 Oz = 2 * 2000 =4000
Jewelry Making cost: 2%, then (2/100 * 4000) = 40
Tax: 5%, then (4000 + 40 ) * 5/100 =202
=4000 + 40 + 202
Note: we used Oz in our calculation, but you can also use other weight units like gram, tola, etc.
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