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Silver jewellery calculator

A 50 g sterling (925) silver piece with 15% making is estimated at Rs 9,945 with GST, from today's IBJA silver rate of Rs 1,81,344 per kg.

Estimated bill with GSTRs 9,944.54
Metal value at 925 finenessRs 8,395.56
Making chargeRs 1,259.33
GST at 3%Rs 289.65
Silver rate used per gramRs 167.91

IBJA PM rate of 30 Oct 2026, without GST and making charges. IBJA publishes only 999 silver; other fineness is derived by proportion, so treat it as an estimate.

Results update as you type. Nothing you enter is stored.

How it works

IBJA publishes only the 999 silver rate. For lower fineness the calculator scales it by fineness / 999, which is an estimate; shops may price 925 silver differently. GST on silver jewellery is 3% of the total value including making (CBIC Sectoral FAQ, Q7).

Formula

Metal = weight x IBJA 999 rate per g x fineness / 999; total = (metal + making) x 1.03

Frequently asked questions

What is 925 silver?

Sterling silver: 925 parts silver per 1,000, one of the BIS hallmark grades.

How is the price of silver jewellery calculated?

Metal value plus making charge, plus 3% GST on the total.

Why is the 925 rate an estimate?

IBJA publishes 999 silver only; scaling by fineness is our approximation.

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.