Major Jewelers or for that matter even nearby jewelers always quotation an increased price by the karat. Think the prevailing rate of gold as 3000 per gm for 24K. So one example is, If you're buying a 22K gold ring the price for each gm you should fork out is 22K/24K*3000 = 2750.? GST was released on several commodities as a means to replace many t