Gold & Silver Price Calculator
Calculate values, estimate jewellery making costs, compare purities, and model Gold vs FD/CD returns for India and US markets.
Gold Value Calculator
Value Breakdown
Gold & Silver Calculations Guide
Precious metals like gold and silver represent major asset classes globally. In India, retail rates are calculated per gram (typically for 22kt and 24kt purities) and subject to custom duties, GST, and making charges. In Western markets like the United States, gold and silver spot rates are traded in Troy Ounces, while retail melt value is measured in Pennyweights (dwt) or Grams for 10kt, 14kt, 18kt, or 24kt purities.
Frequently Asked Questions
1. How is 22kt gold price calculated?
22kt gold is 91.6% pure gold. Its price per gram is calculated by multiplying the live 24kt (99.9% pure) gold rate per gram by 0.916.
2. What is the GST on gold jewellery in India?
The Government of India levies a flat 3% Goods and Services Tax (GST) on the final value of gold jewellery, which includes the metal cost and making charges combined.
3. What is 1 tola of gold in grams?
In India, 1 tola of gold is traditionally and legally standardized to 11.6638 grams (commonly rounded to 11.66 grams for retail calculations).
4. Is gold a better investment than FD or CD?
Historically, gold has provided long-term inflation-hedging returns ranging from 10% to 12% per annum, but with market volatility. Fixed Deposits (FDs) in India offer fixed returns around 6% to 8%, while Certificate of Deposits (CDs) or Treasury bonds in the US yield around 4% to 5.5%, providing lower risk but less inflation protection.
5. How often are prices updated on this page?
Prices on this page are updated live by querying precious metals markets every 30 minutes, cached locally to maintain fast responsiveness.
