1. What is Gold Price Calculator?

The Gold Price Calculator helps you calculate the current value of gold based on weight and the prevailing market rate. It provides accurate pricing for gold investments, jewelry purchases, and financial planning.

2. How Does the Calculator Work?

The calculator uses the simple gold price formula:

Where:

• \( Weight \) — Gold weight in grams
• \( Rate \) — Current gold rate per gram in Indian Rupees
• \( Price \) — Total price in Indian Rupees

Explanation: The calculation multiplies the weight of gold by the current market rate to determine the total value.

3. Importance of Gold Price Calculation

Details: Accurate gold price calculation is essential for investment decisions, jewelry purchases, financial planning, and understanding the current market value of gold assets.

4. Using the Calculator

Tips: Enter gold weight in grams and the current gold rate per gram. The calculator uses ₹12,589/g as the default 24k gold rate from October 23, 2025, but you can update it with current rates.

5. Frequently Asked Questions (FAQ)

Q1: What is the difference between 24k, 22k, and 18k gold rates?
A: 24k is pure gold (99.9%), 22k is 91.6% gold, and 18k is 75% gold. Rates vary based on purity, with 24k having the highest value per gram.

Q2: How often do gold rates change?
A: Gold rates fluctuate daily based on international markets, currency exchange rates, and local demand. Rates typically update multiple times per day.

Q3: Are there additional charges when buying gold jewelry?
A: Yes, jewelry prices include making charges, GST, and other taxes beyond the pure gold value calculated here.

Q4: What factors affect gold prices in India?
A: International gold prices, USD/INR exchange rate, import duties, local demand, and economic conditions all influence gold prices.

Q5: Is this calculator accurate for gold coins and bars?
A: Yes, for pure gold items. However, collectible coins may have additional premium value beyond their gold content.