Check the current gold spot price per troy ounce
Convert the spot price to the required unit: gram, kilogram, or tola
Determine the gold purity or karat
Calculate pure gold content using purity percentage
Multiply the pure gold content by the current spot price
Add making charges, dealer margin, taxes, and fees if applicable
Subtract any deductions for impurities or wastage if applicable
Use the formula: Gold Price = Spot Price × Weight × Purity + Charges + Taxes
For 24K gold, use 99.9% purity
For 22K gold, use 91.6% purity
For 18K gold, use 75% purity
Convert ounces to grams using 1 troy ounce = 31.1035 grams
Convert grams to kilograms by dividing by 1000
Convert tola to grams using 1 tola = 11.6638 grams