Price = weight × that carat’s rate + making charge + 3% GST. 10 g of 22K worth ₹1.37 lakh, with 12% making and 3% GST, comes to about ₹1.58 lakh.
22K is 91.6% gold. Multiply the 24K rate by 0.916 for a rough 22K rate. 18K is 75% gold.
Gold jewellery carries 3% GST, charged on both the gold value and the making charge.
The BIS hallmark is the government’s guarantee of purity. Every hallmarked piece has a 6-character HUID code that you can verify in the BIS Care app.
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