Old gold exchange calculator
20 g of 22K (916) old gold with a 5% deduction is worth about Rs 2,43,994 at today's IBJA 999 rate of Rs 14,005.40 per gram.
Results update as you type. Nothing you enter is stored.
| Purity | Pure gold in 10 g | Value of 10 g |
|---|---|---|
| 24K (995) | 9.960 g | Rs 1,39,493 |
| 23K (958) | 9.590 g | Rs 1,34,306 |
| 22K (916) | 9.169 g | Rs 1,28,418 |
| 20K (833) | 8.338 g | Rs 1,16,782 |
| 18K (750) | 7.508 g | Rs 1,05,146 |
| 14K (585) | 5.856 g | Rs 82,014 |
IBJA PM rate of 30 Oct 2026, without GST and making charges. Grades per BIS IS 1417:2016.
How it works
An old piece is valued by the pure gold it contains. The calculator converts the net weight (without stones) to 999 equivalent using the BIS grade, values it at the IBJA 999 rate, then applies the deduction the buyer quotes for melting and refining. Deductions are set by the buyer, so ask for them in writing; you can have purity tested at a BIS recognised assaying and hallmarking centre.
Formula
Value = weight x fineness / 999 x IBJA 999 rate per g x (1 - deduction)
Frequently asked questions
How is old gold value calculated?
Pure gold content times the current rate, minus the buyer's deduction.
Why is my old gold worth less than new jewellery?
You receive the metal value less deductions; making charges and GST paid on purchase are not refunded.
How do I check the purity of old gold?
Look for the BIS hallmark or have it tested at a recognised centre (BIS FAQ says testing costs Rs 200 by fire assay).
Related
This tool is for information only and is not investment, tax or legal advice. Results depend on the inputs and assumptions you enter; check important figures with the official source or a qualified professional.