Gold tools
Calculate wastage charges (6-12%) and making charges for gold jewellery
Use the live reference first: gold rate today in India.
Wastage in gold refers to the gold lost during the jewellery-making process. When artisans cut, shape, file, and polish gold, small amounts are lost as dust, filings, and scrap. Jewellers charge wastage (typically 6-12% of gold weight) to compensate for this loss.
Wastage = Gold lost during making (charged as % of gold weight)
Making charges = Labour cost for craftsmanship (charged per gram or as % of gold value)
Both are added to the gold value, plus 3% GST, to calculate your final jewellery price.
Calculate total jewellery cost •Convert between purities •Verify BIS hallmark