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Jewellery Price Calculator

Breaks a jewellery price into gold value, wastage, making charges and tax, and shows what each adds over the metal.

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Charged on gross weight, not on the gold
Enter your figures and press Calculate.
In short A jewellery bill is the gold plus three things that are not the gold, and the three are where the money actually goes. Wastage covers metal genuinely lost in cutting, filing and polishing, and the trade quotes it on GROSS weight rather than on gold content — which is correct, because the alloy is lost too, but it means 8% wastage on a tola of 22K charges you for 0.933 grams when the piece only contains 10.692 grams of gold in the first place. Making charges are quoted either per gram of gross weight or as a percentage of the gold value, and the two produce very different bills on the same piece. Tax is then applied on the total of all three. On a worked example — one tola of 22K, a 24K tola rate of 300,000, 8% wastage, 1,000 per gram making and 3% tax — the gold is 275,000 and the bill is 319,984, so the extras add 44,984, or 16.4% over the metal. The number to negotiate is making and wastage together, because the metal price is not negotiable and they are. The harder truth is resale: making charges and wastage are not recoverable at all. Selling the piece back recovers the metal value and usually less, and that gap rather than the gold price is why jewellery performs poorly against coins and bars as a store of value.

How to use the Jewellery Price Calculator

  1. Enter the piece's weight, karat and your shop's gold rate.
  2. Enter the wastage percentage, making charge and tax the shop quotes.
  3. Read the itemised bill and the percentage it adds over the metal value.

About the Jewellery Price Calculator

A full jewellery bill broken into gold value, wastage, making charges and tax, with the percentage over metal.

What people use it for

  • Checking a shop's bill line by line before paying.
  • Comparing two quotes that use different making-charge conventions.
  • Understanding how much of a purchase you would lose on resale.

Details

Wastage basisgross weight, not gold content — that is the trade convention
Worked example1 tola 22K, 8% wastage, 1,000/g making, 3% tax → 16.4% over metal
Negotiablemaking and wastage; the metal price is not
Not recoverablemaking charges and wastage are lost on resale
PrivacyEverything runs in your browser. Nothing you enter is sent anywhere
Every figure comes from the rate and percentages you enter. Conventions differ by market — Gulf shops commonly charge making per gram while South Asian shops quote wastage as a percentage — so enter what your own bill actually says.

Where this tool stops

Karat, fineness and percentage are definitional and never change. Everything involving money depends on the rate, the charges and the deduction you enter — none of which are stored on this site, because they move constantly. Hallmarking law and the legal minimum karat differ by country; check your national assay office before relying on a stamp.

Frequently asked questions

Why is wastage charged on gross weight and not on the gold?
Because the metal lost in cutting, filing and polishing is alloy as well as gold, so the loss really is proportional to the whole piece. It is a genuine cost rather than a fiction. What makes it worth watching is the size — a percentage of gross is always more grams than the same percentage of the gold content.
What is a reasonable making charge?
There is no single answer and this page deliberately does not suggest one, because a plain machine-made chain and an intricate handmade set genuinely cost different amounts to produce. What the page does is show making and wastage together as a percentage of the gold value, which is the number that makes two quotes comparable.
Will I get making charges back if I sell?
No. Making charges and wastage are gone the moment the piece leaves the shop. A buyer pays for the metal and deducts a refining margin on top, so the resale figure is below the gold value, never above the purchase price minus a little.
Is jewellery a good way to invest in gold?
It is a worse way than coins or bars, and the reason is arithmetic rather than opinion: you buy above the metal value and sell below it, so the gold price has to rise by the whole of that spread before you break even. Jewellery is worth buying to wear.
Are there any usage caps on the Jewellery Price Calculator?
There is no cost and no cap. The Jewellery Price Calculator is not a demo of a paid product, so nothing is held back or watermarked.
Is what I paste into the Jewellery Price Calculator stored?
No. The Jewellery Price Calculator runs entirely in your browser using JavaScript. Nothing is transmitted, logged or stored, which you can verify yourself in the Network tab of your browser's developer tools.
When would I actually need the Jewellery Price Calculator?
Typical uses: checking a shop's bill line by line before paying. Comparing two quotes that use different making-charge conventions. Understanding how much of a purchase you would lose on resale. It is built for exactly those cases rather than being a general-purpose tool with this bolted on.
Where does the Jewellery Price Calculator stop being reliable?
Karat, fineness and percentage are definitional and never change. Everything involving money depends on the rate, the charges and the deduction you enter — none of which are stored on this site, because they move constantly. Hallmarking law and the legal minimum karat differ by country; check your national assay office before relying on a stamp. Knowing where a tool stops being trustworthy matters more than the cases where it works.
What are the key numbers for the Jewellery Price Calculator?
Wastage basis is gross weight, not gold content — that is the trade convention. Worked example is 1 tola 22K, 8% wastage, 1,000/g making, 3% tax → 16.4% over metal. Negotiable is making and wastage; the metal price is not. These are printed on the page itself, so you do not have to take them on trust.
Can I rely on this for exact work?
The calculation runs in double precision and the result is shown to ten significant figures, so converting a value and converting it back returns the original. What is displayed is rounded for readability; what is copied is not.

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