Gold Price Calculator
Live prices · results update instantly
How is the gold price calculated?
Gram price = (ounce price in USD ÷ 31.1035) × (karat ÷ 24) × 3.75 (USD/KWD peg).
Example today: ounce 4,009.00 $ → 24K = 40.020 KWD.
How to use the gold calculator
Enter the weight in grams and choose the karat. The calculator shows the raw gold value at today's price, the price with making charge, and what a shop would pay if you sell it used. Leave the making charge empty to use the average for that karat.
Worked example
A 20 g 22K necklace: raw value 20 × 36.685 = 733.698 KWD; with making charge 793.698 KWD; resale about 725.698 KWD. See used gold prices for details.
What is the making charge?
The making charge (labour fee) pays for design and craftsmanship. In Kuwait it is usually charged per gram – on average about 3 KWD/g for 22K and 5 KWD/g for 18K – and is higher for intricate or branded pieces. It is negotiable, especially in large souqs.
No VAT on gold in Kuwait
There is currently no VAT on gold in Kuwait: you pay the gold value plus the making charge only. Even so, gold bars are cheaper per gram than jewellery.
Karat, purity and hallmark
| Karat | Purity | Hallmark | KWD / gram today |
|---|---|---|---|
| 24K | 100.0% | 999 | 40.020 |
| 22K | 91.7% | 916 | 36.685 |
| 21K | 87.5% | 875 | 35.017 |
| 18K | 75.0% | 750 | 30.015 |
| 14K | 58.3% | 585 | 23.345 |
The hallmark stamped inside a ring or on a clasp tells you the karat – use it to choose the right karat in the calculator.