How is the gold price converted between different karats?
24 karat is pure gold (about 999.9 purity) and is the reference for all other karats. Price for any karat = 24k price × (karat number ÷ 24). For example, 21k price = 24k price × (21÷24) ≈ 87.5% of the 24k price.
Why don't I get the making charge back when I sell my jewelry?
The making charge is a labor and craftsmanship cost you paid the goldsmith at purchase, not part of the metal's own value. When reselling, the goldsmith usually buys just the raw gold weight at the current market price, and doesn't pay for the making charge again.
What's the difference between buying jewelry and bullion as an investment?
Bullion is sold very close to the actual market price with a small dealer margin, and barely includes any making charge — making it the more suitable choice for someone who wants to invest in the metal's value itself. Jewelry includes making charges and design that aren't recovered on sale.
Where do I get the current gold price to enter into the calculator?
Check the real-time price via your bank's app, specialized gold price websites, or a trusted gold shop — prices change daily.
