Silver Rate & Jewellery Price Calculator
Silver Jewellery & Bullion Price Calculator
Modern rings, earrings, necklaces, designer jewellery
Equivalent to ₹98/gram for 999 Fine Silver (₹90.74/gram for 925)
Deducted to compute Net Silver Weight
Calculated on pure metal value (attracts 5% GST)
Invoice Cost Distribution
How Silver Jewellery Pricing Works (Step-by-Step Statutory Breakdown)
When silver crossed historic highs of over ₹1,00,000 per kilogram in India, transparency in jewellery billing became paramount. Unlike gold where 22K is standard, silver articles range from 800 (anklets) to 999 (pure investment bars).
Jewellers must deduct all cubic zirconia, pearls, colored beads, and lac filling from the gross weight. Silver rate must strictly be applied to net metal only.
A benchmark rate quoted for 999 silver is adjusted: 925 Sterling = 999 Rate × (92.5 / 99.9). An 800 purity payal costs 20% less per gram than fine silver.
Under Indian tax law, pure metal carries 3% GST, while separate labor / making charges carry 5% GST, protecting buyers from double taxation.
The Statutory Billing Formula
BIS Silver Purity Grades & Application Directory
Compare purity grades, typical usages, and manufacturing characteristics recognized by the Bureau of Indian Standards:
| Purity Grade | Fineness | Common Usages | Typical Making Charges | Hardness / Durability |
|---|---|---|---|---|
| 999 Fine Silver | 99.9% | Investment Coins, Minted Bullion Bars, Pooja Coins | 2% to 5% (Low minting) | Very soft, bends easily |
| 925 Sterling Silver | 92.5% | Modern Rings, Studs, Necklaces, Oxidized Designer Jewellery | 12% to 20% (Intricate work) | High hardness with 7.5% copper alloy |
| 900 Utensil Silver | 90.0% | Dinner Thalis, Bowls, Spoons, Pooja Kalash, Idols | 8% to 14% (Sheet metal work) | Sturdy, food-grade safe |
| 800 Traditional Silver | 80.0% | Traditional Payals, Heavy Ghunghroo Anklets, Waist Chains | ₹10 to ₹18 per gram | Maximum tensile strength for daily wear |
Worked Example: Purchasing a 150g Traditional Payal (800 Silver)
Sunita visits a jewellery showroom in Jaipur to purchase a pair of traditional Rajasthani payals weighing 150 grams. The prevailing benchmark price of 999 fine silver is ₹98,000 per kg.
The Invoice Summary:
- Subtotal Before Tax: ₹11,772 (metal) + ₹2,250 (making) + ₹35 (hallmarking) = ₹14,057.
- Total Taxes: ₹466 in statutory Goods and Services Tax.
- Final Invoice Payable: ₹14,523 (yielding an effective all-inclusive cost of ₹96.82 per gram).
Frequently Asked Questions (Silver Rate & Jewellery Pricing)
Clear answers to common questions in your preferred language.