Gold Selling Rates Today
24K (Pure)
Pure₹ --
Date: --
Last Updated: --
22K (Standard)
Standard₹ --
Date: --
Last Updated: --
Gold Selling Rate Today in India
Live selling prices updated every minute with real-time market data
Gold Resale Value Calculator
Resale Value
₹ 0
Formula: Weight × Purity × Gold Rate Today
How Jewellers Calculate Selling Price
When you sell gold to a jeweller, they don't pay the full market rate. Here's the actual process jewellers use to calculate what they'll pay you:
Step-by-Step Calculation Process
- 1 Measure Gross Weight: Jeweller weighs your entire jewellery piece.
- 2 Remove Stone Weight: Stones, pearls, and other non-gold materials are deducted.
- 3 Check Purity: Verify if it's 24K (99.9%), 22K (91.6%), 18K (75%), or other purity.
- 4 Convert to Pure Gold: Calculate pure gold weight = Net weight × Purity.
- 5 Apply Today's 24K Rate: Multiply pure gold weight by current 24K gold rate.
- 6 Deduct Charges: Subtract melting charges, testing fees, and jeweller margin (typically 1-5%).
Typical Deductions by Jewellers
| Gold Type | You Receive | Deduction |
|---|---|---|
| Gold Coins | 98–99% | 1–2% |
| Hallmark Jewellery | 96–98% | 2–4% |
| Non-Hallmark Jewellery | 94–96% | 4–6% |
| Old/Damaged Jewellery | 90–95% | 5–10% |
Formula Used by Jewellers
Final Sell Price = ((Weight − Stone Weight) × Purity × Gold Rate) − Deduction − Melting Charges
Or simplified: Sell Price = (Weight × Purity × Gold Rate) − Nominal Deductions
Example Calculation
Your Gold: 10 grams of 22K hallmark jewellery
Today's 24K Rate: ₹6,000 per gram
Calculation:
- • Pure gold = 10 × 0.916 = 9.16 grams
- • Gold value = 9.16 × 6,000 = ₹54,960
- • Deduction (2%) = ₹1,099
- • Melting charges = ₹200
- • You receive ≈ ₹53,661
Why You Don't Get Full Gold Rate
Key Factors Affecting Your Selling Price
- • Net Weight: Stones and non-gold materials are removed from the total weight.
- • Purity Level: 24K gold is worth more than 22K or 18K gold per gram.
- • Melting & Testing Charges: Jewellers charge for refining and testing your gold.
- • Jeweller Margin: Dealers keep 1-5% as their profit margin.
- • Hallmark Status: Hallmarked jewellery gets better rates than non-hallmarked.
- • Condition: Old or damaged jewellery receives lower rates.
FAQs
Jewellers deduct charges for melting, testing, and their margin (typically 1-5%). Additionally, stones and non-gold materials are removed from the weight. The actual amount you receive depends on the type of gold (coins get 98-99%, hallmark jewellery gets 96-98%, non-hallmark gets 94-96%).
Jewellers first weigh your entire jewellery (gross weight). Then they remove the weight of stones, pearls, and other non-gold materials. The remaining weight is your net gold weight, which is used to calculate the selling price.
Hallmarked gold has been certified for purity by an official assay center, so jewellers trust the purity and deduct less (2-4%). Non-hallmark gold requires more testing, so jewellers deduct more (4-6%) to account for potential impurities and testing costs.
Jewellers typically deduct: (1) Melting charges - to refine and purify the gold, (2) Testing charges - to verify purity, (3) Jeweller margin - their profit (1-5%), and (4) Wastage loss - gold lost during the melting process. Total deductions typically range from 1-10% depending on the gold type.
Our selling prices are updated every minute based on live market data. The prices reflect the current 24K gold rate with typical jeweller deductions applied. Prices change throughout the day based on market conditions, so check back frequently for the most current rates.