GST on gold jewellery in India is levied at 3% on the value of the jewellery. However, there is no GST on raw gold. The GST on gold jewellery is calculated based on the value of the jewellery, which includes the cost of the gold, the making charges and the value-added tax.

The GST rate for gold, gold jewellery, precious stones and precious metals is 3%. While purchasing gold jewellery or other gold items, the end consumer will have to pay 3% of the taxable value mentioned on the invoice. Since most gold sold in India is through offline mode, only SGST and CGST would be applicable to the purchase.

The Central Goods and Services Tax Act 2017 decides the GST on gold. Under Section 8 of the CGST Act, gold is a product; hence, a 3% GST is applicable when gold jewellery is sold or purchased. Earlier, the tax was 5% of the total value of the jewellery.