Gold Jewelry Cost & Sell Value Calculators
Estimate the true cost of buying jewelry and the amount you might receive when selling old gold. Enter the rate you see locally to get accurate, personalized results.
Buying Jewelry?
See the full cost including GST and making charges.
Sunk Cost: ₹12,696
When you sell this jewelry, you'll only recover the gold value (₹72,880), not the sunk costs.
Selling Old Gold?
Estimate how much you'll receive when selling your gold to a jeweler.
(Approximate)
Jewelry typically fetches 95% as jewelers deduct for impurities and testing.
→ Compare: If you sold this gold and invested in a SIP, how would it grow?
Understanding Gold Costs in India
Spot Price vs Jewelry Price
The spot price is the global reference for gold value. However, when you buy jewelry in India, you also pay:
- Spot price + Import duty (6%)
- Making charges (10-25% for craftsmanship)
- GST (3% on gold + making charges)
The "Sunk Cost" Reality
GST and making charges are not investments—they're expenses. When you sell your jewelry:
- You recover only the gold value
- Making charges are lost
- GST is not refunded
- Jeweler deducts 2-5% more
Frequently Asked Questions
Which gold rate should I use in these calculators?
Use the rate quoted by your local jeweler or a trusted benchmark like IBJA. Jewelry prices can vary by city due to taxes and logistics, so the calculator lets you enter the exact rate you see.
Why do jewelry prices differ from the spot rate?
Jewelry prices include making charges, GST, and sometimes import duties. The calculators help you see the full cost compared to the base gold rate.
Why are making charges considered sunk costs?
Making charges are the labor cost of crafting jewelry. When you sell your gold, jewelers only pay for the gold content, not the making charges you paid. This makes it an expense rather than an investment.
How does GST affect gold resale?
GST (3%) is charged on the purchase but not refunded on resale. This is a non-recoverable cost. When you sell, you receive only the current gold value minus the jeweler's margin.
What is the difference between 22K and 24K gold?
24K is 99.9% pure gold (999 fineness), too soft for jewelry. 22K (916 hallmark) is 91.6% gold mixed with alloys for durability, making it the preferred choice for Indian jewelry.
How much do I get when selling old gold jewelry?
Typically, jewelers pay 95-98% of the spot rate for jewelry due to testing and purity verification. Gold coins/bars fetch higher rates (~99%) due to standardized purity.
Important Disclaimer: Default rates are illustrative. Enter the rate quoted by your jeweler for the most accurate result. Final jewelry prices depend on design complexity, hallmarking, and local taxes.
Please verify with a BIS-hallmarked jeweler before making purchase decisions. Prices can differ across cities and vendors.