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Home > Gold Cost Comparison Calculator Last Updated: Feb 22nd 2025

Gold Jewellery — Cost Comparison Calculator

Compare gold jewellery price quotes across two different gold shops. Calculate the cost of gold, value addition cost, GST, and total cost of jewellery.

Gold Cost Comparison Calculator from EZTax
   Gold — Cost Comparison Calculator
 GOLD SHOP - 1
 GOLD SHOP - 2
Gold Weight (in grams)
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Value Addition (%)
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{{numToStr(valueAddition1)}}
Discount (in Rs.)
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Gold Price (per gm)
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Cost of Gold (A) :
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Cost of Value Addition (B) @ ({{valueAddition}}%, {{valueAddition1}}% respectively) :
{{addValue.toLocaleString("en-IN")}}
{{addValue1.toLocaleString("en-IN")}}
GST @ 3% on (C=A+B) :
{{gstOnGld.toLocaleString("en-IN")}}
{{gstOnGld1.toLocaleString("en-IN")}}
Total Cost of Jewellery Shop-1 ( D = (A+B+C) ) :
{{itemCst.toLocaleString("en-IN")}}
Total Cost of Jewellery Shop-2 ( E = (A+B+C) ) :
{{itemCst1.toLocaleString("en-IN")}}

A word on Cost Comparison

Buying at Gold Shop {{((itemCst<=itemCst1)?1:2)}} saves you Rs {{(diffItemCst).toLocaleString("en-IN")}}

  1. Gold prices fluctuate every day and the prices might not be constant every day
  2. Value Addition will differ from shop to shop and item to item
  3. Mere cost is not the only parameter when buying gold as brand and trust other parameters.
  4. Make sure Hallmark certificate is received from the shop and verified the number using the hallmark app. It is possible to have fake Hallmarking.
  5. Insist for a Tax Invoice. Remember Tax Invoice is different from a regular Invoice / Bill.
  6. Many gold jewellers / shops do not give tax invoice, if given, there would be wrong bill-to, ship-to addresses (these are your addresses). Kindly check to make sure the information is accurate on the tax invoice.

Next Steps:

  1. Check other calculators from EZTax at Personal Finance & Money Calculators
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Refer Frequently asked Questions (FAQs) on Gold Price calculator below.

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Frequently asked Questions

1.What is 22K gold?

22K gold is the type of gold that most people use in their homes. Gems and other decorations are made from 22K gold.

Gold that is 22K is mostly pure gold (91.67%), but it also has copper, nickel, zinc, and silver making up 8.33% of the metal.

It's also called 916 gold. 24K Gold is made of 99.99% pure gold.

2.Does the prices of Gold remain constant?

Gold prices change every day, and 22K and 24K gold are priced differently. Gold prices are affected by things like supply and demand on the world market, changes in the value of the dollar, economic slowdown, and local events like festivals, weddings, happy days, and so on.

3.What is Value Addition in Gold?
  1. "Value addition" means that extra fees are added to the gold's base price. This includes the cost of materials, the time and skill of the workers, the overhead, and the profit margin.
  2. People often call it "tarugu" or "majuri" in Telugu Language.
  3. "Value Addition" is usually written as a proportion (%) of the value of gold.
  4. The value addition is different for each item and each store.
  5. Value addition percentages can change depending on things like location, brand reputation, level of craftsmanship, and complexity of the design.
4.Do I need to pay GST on gold?

Yes, you have to pay 3% GST to a registered supplier when you buy gold. This is based on the total value of the gold plus any discounts or value additions. GST can't be avoided.

Insist "Tax Invoice" when make the payment against a gold / jewellery purchase. Tax Invoice is not the same as Invoice.

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Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.