GST on Gold Jewellery: How Much and How It Is Charged

Since GST came in, buying gold jewellery attracts a simple tax of 3%. Knowing how it is calculated helps you read your bill and compare quotes.

GST rate on gold

• Gold jewellery: 3%
• Gold coins and bars: 3%
• Silver jewellery and articles: 3%
• Diamond and stone jewellery: 3% on the jewellery value

Tax rules can change. Your bill will always show the GST charged.

How GST is calculated on a bill

GST is added on top of the total value of the jewellery: gold value, wastage, making charges and stone value. For example, if the jewellery value before tax is ₹1,00,000, GST of 3% is ₹3,000 and the total is ₹1,03,000.

Why rates are shown with and without GST

Rate boards often show the 22K rate per gram without GST, because GST applies to the final bill. Our homepage shows the 22K rate both without GST and with 3% GST so you can see the difference.

GST on a savara

One savara is 8 grams. At ₹13,500 per gram, 8 grams of 22K gold costs ₹1,08,000 before GST and ₹1,11,240 including 3% GST. See savara, tola and grams.

Always take a GST bill

A proper GST invoice shows the jeweller’s GSTIN, item details, purity, weight, HUID and tax. It protects you if you exchange, resell or insure the jewellery later.

Questions people ask

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