Question 1

How is gold price calculated?

Accepted Answer

Gold jewellery price is based on the metal value (price per gram × weight × purity), plus making charges (as % or fixed ₹) and GST (3%). We use the daily MCX snapshot for the base rate.

Question 2

Is MCX price same as jewellery price?

Accepted Answer

No. MCX gives the bullion rate. Jewellery includes making charges, purity (e.g. 22K), and GST. Our calculator adds these so you get an estimated retail price.

Question 3

What are making charges?

Accepted Answer

Making charges are the labour and design cost added by the jeweller. They can be quoted as a percentage of metal value or a fixed amount. Typical range is 8–20% for gold jewellery.

Question 4

How accurate is this calculator?

Accepted Answer

Metal rates are from MCX; historical data is RBI FY average. Results are estimates. Actual jewellery prices depend on the jeweller and location. Use for planning, not as a final quote.

Period	Start price	End price	CAGR %
3Y (3Y)	₹52,731	₹1,37,346	37.6%
5Y (5Y)	₹48,723	₹1,37,346	23.0%
10Y (10Y)	₹26,534	₹1,37,346	17.9%
20Y (20Y)	₹6,901	₹1,37,346	16.1%
40Y (40Y)	₹2,125	₹1,37,346	11.0%

Gold CAGR / Returns