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Gold Price Calculator
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Calculate gold jewellery and coin prices by tola, gram or ounce. Pick 24K, 22K, 21K or 18K purity, add making charges, and see the price in SAR, PKR, INR or AED.
Today's gold rate
Your gold item
Total gold price
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Enter the gold rate and weight above.
Gold rates change daily — enter today's rate from your local market for an accurate price. Making charges vary by jeweller (often 10–20% of gold value or a flat fee). This tool is an estimate for shopping comparison, not investment advice.
Part of the Finance Tools collection — browse all related free tools.
How gold jewellery is priced
Jewellers price gold as: (weight in grams × rate per gram × purity factor) + making charges. The purity factor adjusts the pure-gold rate down to your karat: 22K jewellery contains 91.6% pure gold, so you pay for the gold content plus the craftsmanship.
Tola vs gram vs ounce
- Tola (11.6638 g) — the traditional unit in Pakistan and India; "gold rate today per tola" is the standard quote.
- Gram — the international standard for small jewellery.
- Troy ounce (31.1035 g) — used for gold coins, bars and international spot prices.
Karat guide
24K is 99.9% pure but too soft for jewellery. 22K is the South Asian jewellery standard. 21K dominates Gulf markets. 18K is harder and best for diamond settings. Higher karat = more gold value but softer metal.
Frequently asked questions
How is gold jewellery price calculated?
Jewellery price = (weight × gold rate per gram × purity factor) + making charges. The purity factor is 1.0 for 24K, 0.916 for 22K, 0.875 for 21K and 0.75 for 18K. Enter your values above for the exact price.
How many grams are in one tola of gold?
One tola equals 11.6638 grams (commonly rounded to 11.66 g). Gold buyers in Pakistan and India traditionally price gold per tola rather than per gram.
What is the difference between 24K, 22K, 21K and 18K gold?
24K is 99.9% pure gold (too soft for jewellery). 22K (91.6% pure) is the standard for jewellery in South Asia. 21K (87.5%) is common in the Gulf. 18K (75%) is used for diamond settings and Western jewellery.
Is this gold price calculator free?
Yes. It is 100% free with no signup required.
When is the best time to buy gold?
Nobody times it consistently — gold moves on inflation fears, currency shifts, and geopolitics, all unpredictable. The practical approach: buy jewellery when you need it (weddings, festivals), and compare the day's spot rate plus making charges across two or three jewelers. For investing rather than adornment, small regular monthly buys smooth out price swings far better than waiting for a dip.
How do I check if making charges are fair?
Compute the gold value yourself — weight × (karat ÷ 24) × today's rate — and subtract it from the quoted price; the remainder is making charges plus tax. On simple designs, making above 15–20% is worth negotiating down.
Is gold a good investment compared to stocks?
Gold preserves value and shines in crises, but its long-term real returns (~3–4%) trail equities (~7–10%). Treat jewellery as adornment that holds resale value; for actual investing, prefer sovereign gold bonds or ETFs over ornaments, which carry heavy making charges.
How gold jewellery pricing really works
A jewellery price has three layers: gold value + making charges + taxes. The gold value itself = weight × (karat ÷ 24) × current rate per gram — only the pure-gold fraction counts, since the alloy mixed in for strength is essentially free. Making charges (labor, design) are then added as a percentage, and GST/VAT goes on top.
The variables: W = weight in grams (1 tola = 11.6638 g), K = karat purity, R = today's rate per gram of 24K gold. Price = W × (K/24) × R, then + making % + tax. The karat fraction is the key check: 22K = 22/24 = 91.7% pure, 21K = 87.5%, 18K = 75%.
Worked example: an 8 g 22K ring with the 24K rate at $95/g. Pure gold = 8 × (22/24) = 7.333 g → 7.333 × 95 = $696.67 gold value. Add 12% making ($83.60) → $780.27 before tax. If a jeweler quoted you the 24K rate for this 22K piece, you'd overpay by over $60 — always verify the karat fraction in the math.
Practical tips: check the live spot rate on the day you buy (rates move intraday), insist on hallmarked/stamped pieces, and treat making charges as negotiable — anything above 15–20% on simple designs is worth haggling down. Limitation: the calculator uses the rate you enter; stale rates produce stale prices, so refresh it at purchase time.
Buying smart: spreads, buyback, and hallmarks: the buy-sell spread is gold's hidden cost — jewelers buy back below spot (often 5–15% under), so jewellery is a poor short-term investment no matter how pure. Always ask the buyback terms in writing before purchasing; "today's rate" verbal promises evaporate at resale. Hallmarks (BIS in India, 999.9/916 stamps elsewhere) certify purity — unmarked gold is routinely 2–5% less pure than claimed, which is pure profit for the seller. For investment (not adornment), sovereign gold bonds or ETFs track spot price with zero making charges and no storage risk; jewellery's 8–25% making charge is a guaranteed day-one loss as an investment. And if you're selling old gold, get quotes from three buyers — offers routinely differ 10%+ on identical pieces, because most sellers never check the math this calculator does in seconds.