6 October 2026 · Source: IBJA + local market data
GST on Gold Calculator
Calculate the complete cost of buying gold in India including GST on gold value and making charges. Get an accurate breakdown of all taxes applicable on your gold purchase.
Calculator
Calculate GST on gold
Enter gold value and making charges to see the full tax breakdown.
Enter Purchase Details
22K price: ₹12,068/gram
GST Breakdown
Base Gold Value (10g x ₹12,068)
₹1,20,685
GST on Gold (3%)
+ ₹3,621
Making Charges (10%)
₹12,068
GST on Making Charges (5%)
+ ₹603
Total GST
₹4,224
Final Price (incl. GST)
₹1,36,977
GST Rate Quick Reference
Tax rules
Current GST rules on gold in India
Understanding the dual GST structure on gold purchases.
Under the GST regime in India, gold attracts a 3% GST on the base value of gold. Additionally, making charges on gold jewellery attract 5% GST. This means when you buy gold jewellery, you pay two separate GST components — one on the gold value and another on the making charges.
Reference
GST breakdown for gold purchase
Tax rates and HSN codes for different gold products.
| Component | Rate / Code |
|---|---|
| GST on gold (bars, coins, jewellery) | 3% of gold value |
| GST on making charges | 5% of making charge amount |
| Gold coins and bars | Only 3% GST (no making charges) |
| HSN Code for gold | 7108 |
| HSN Code for gold jewellery | 7113 |
Impact
How GST affects gold prices
Comparing pre-GST and post-GST tax structure on gold.
Before GST, gold attracted 1% excise duty and 1.2% VAT (varying by state), totalling approximately 2.2%. With the introduction of GST, the tax rate became a uniform 3% across India. While this slightly increased the tax burden, it simplified the tax structure and eliminated inter-state tax differences. The 5% GST on making charges replaced the earlier service tax.
Example
Example calculation
Purchase of 10 grams of 22K gold at ₹60,000/10g with 10% making charges.
| Item | Amount |
|---|---|
| Gold value | ₹60,000 |
| GST on gold (3%) | ₹1,800 |
| Making charges (10%) | ₹6,000 |
| GST on making charges (5%) | ₹300 |
| Total GST | ₹2,100 |
| Total cost | ₹68,100 |
Tips
Tips to save on gold GST
Ways to reduce the tax impact on your gold purchase.
- Buy gold coins or bars if you only want to invest — no making charges, only 3% GST
- Compare making charges across jewellers — lower making charges mean lower GST
- Digital gold purchases also attract 3% GST but no making charges
- Sovereign Gold Bonds (SGBs) are exempt from GST
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