With gold prices hovering near record highs, buying jewellery this festive season—especially around Akshaya Tritiya—requires more than just checking the daily gold rate. The actual cost of gold jewellery includes making charges and GST, which can significantly increase your final bill.
If you’re planning to get a 10-gram necklace and a 5-gram ring made, here’s a simple, transparent calculation to help you understand the real expense.
Latest Gold Prices (Delhi)
As of April 16, 2026:
- 24K Gold: ₹1,55,510 per 10 grams
- 22K Gold: ₹1,42,560 per 10 grams
Since jewellery is usually made from 22K gold (due to better durability compared to 24K), all calculations below are based on 22K rates.
Cost of a 10-Gram Gold Necklace
Let’s break it down step by step:
- Gold Price (10g): ₹1,42,560
- Making Charges (10% approx): ₹14,256
- Subtotal: ₹1,56,816
- GST (3%): ₹4,704
👉 Total Cost: ₹1,61,520
Cost of a 5-Gram Gold Ring
Now, for a smaller item like a ring:
- Gold Price (5g): ₹71,280
- Making Charges (10% approx): ₹7,128
- Subtotal: ₹78,408
- GST (3%): ₹2,352
👉 Total Cost: ₹80,760
Total Cost for Both Jewellery Items
If you buy both together:
- Necklace: ₹1,61,520
- Ring: ₹80,760
👉 Grand Total: ₹2,42,280 (approx.)
This shows how the final price goes well above the base gold rate, mainly due to additional charges.
Why Making Charges Matter
Making charges can vary widely depending on:
- Design complexity
- Brand or jeweller
- Craftsmanship involved
Typically, they range between 8% to 15%, but for intricate designs, they can go even higher.
Important Tips Before Buying Gold Jewellery
To avoid surprises and ensure value for money, keep these points in mind:
✔ Check Hallmark Certification: Always look for BIS hallmark to confirm purity
✔ Ask About Making Charges: Clarify whether it’s fixed or percentage-based
✔ Demand a Detailed Bill: Ensure gold price, making charges, and GST are listed separately
✔ Understand Resale Policy: Ask about deductions during resale or exchange
✔ Avoid Overpaying for Design: Heavier or complex designs mean higher charges
Final Takeaway
Gold jewellery buying is not just about the metal price—it’s a combination of gold rate + making charges + GST. Understanding this breakdown can help you plan your budget better, especially during festive occasions like Akshaya Tritiya.
Before making a purchase, compare prices across jewellers, evaluate design vs cost, and always prioritize transparency in billing.
Disclaimer: Prices used in this article are indicative and may vary by city and jeweller. Always verify current rates and charges before making a purchase decision.
