Fair Price Gold Calculator (for India)

INPUT only yellow shaded portion with latest numbers. You will get the Fair price which takes into account Import duty and also Valu
be taking official invoice from the dealer. If you are buying without official bill, reduce Fair Price by 2%. You may compare the price
change the value in greyboxes. They will be automatically calculated

BASIC SAMPLE DATA

CONSTANTS
One Troy Ounce = Constant 31.1035 31.1035
Gold Purity Constant 0.9999 0.9999
Import Duty in Rs/10 gram Constant - Input 100 100
Insurance Cost Constant 0.50% 0.50%
VAT (Vaue Added Tax) Constant - Input 2% 2%
Dealer's Margin (Maximum) Constant - Input 3% 3%
VARIABLES
Gold In. Price $/Troy Ounce - 0.9999 Variable - Input 1,142.00
Gold Px $/ 10 Gram - 0.9999 Formula - Locked 0 367.1613
Exchange Rate Rs/$ Variable - Input 46.3
Gold Price Rs /10 Gram - 0.9999 Formula - Locked 0.00 16,999.57
ADD: Import Duty Formula - Locked 100 100
ADD: Insurance Cost Formula - Locked 0.00 85.00
LANDED COST (CIF in Rs) Formula - Locked 100.00 17,184.56
ADD: Value Added Tax (VAT) Constant 2.00 343.69
ADD: Dealer's Margin in Rs Formula - Locked 3.00 515.54
Fair Price in Rs per 10 Gm - 0.9999 (Inclusive of
Import Duty+ VAT + Dealer's Margin Formula - Locked 105.00 18,043.79
LOCAL GOLD PRICES
Purity Offered in India - X say, 0.9950 Variable - Input 0.9950
Gold Price in Rs /10 Gram - X Purity (Ex- VAT) Variable - Input 17,900.00
Gold Price Equivalent Intl. 0.9999 (Ex-VAT) Formula - Locked #DIV/0! 17,988.15
Gold Price Equivalent Intl. 0.9999 (Inc-VAT) Formula - Locked #DIV/0! 18,331.84
Parity Difference Rs (Local Px - Fair Px) Inc VAT Formula - Locked #DIV/0! 288.05
Parity Difference Rs % (< 2% okay) Formula - Locked #DIV/0! 1.60%

NOTE:Item 30-31 shows amount overcharged.

Negotiate this sum. We are presuming that the
dealer issues his official invoice (inclusive of VAT).
If he does not issue invoice, you are overcharged
even more by VAT already considered in formula
FACTS
Amount Paid by / Required from you (ex-VAT) Variable - Input 35,800.00
Grams bought by / Offered to you Variable - Input 20.00
Amount in Rs/10 grams (ex-VAT) Formula - Locked #DIV/0! 17,900.00

Using this Calculator for other Countries:

Each country has different Import duty, taxation rates, dealer's margin, exchange rates and weight units. If you want to
please do the following:
1. Go to Edit menu, select "Move or Copy sheet", a box will appear.
2. Select "Sheet2" under "Before Sheet", and click box "Creat the copy"
3. Press Okay. Sheet2 will be complete replica of this sheet. It will appear before Sheet2
4. Go to the bottom, and rename the Sheet2 as "Japan" if you are from Japan.
5. Change under "Basic" Item No. 10,12 and 13 as suitable to your country .
6 Copy the changes to all next 4 columns. eg: If Import duty is "0", C10 = 0 and it will be copied to all next 4 columns.
7. Dealer's margin remain same in all countries. If it varies, use that number & Copy to all columns
8. Replace "Rs" with symbols of your currency. eg: If you are in Singapore, go to edit column, use "Replace" function a
9. You are now ready to use this calculator for your Country. Replace title "India" with "your country" before use.
10. CAUTION: Before you use modified sheet for your country, Test it a few times before relying on it. This is IMPORTA
11. This tool is offered for download "without any responsibility or liability on the part of the Author" This is pre-condition
USE IT AT YOUR OWN RISK.
12. Prepared by Kalidas for use on its blog http://anilselarka.com and offered for free download subject to above limita
4. Go to the bottom, and rename the Sheet2 as "Japan" if you are from Japan.
5. Change under "Basic" Item No. 10,12 and 13 as suitable to your country .
6 Copy the changes to all next 4 columns. eg: If Import duty is "0", C10 = 0 and it will be copied to all next 4 columns.
7. Dealer's margin remain same in all countries. If it varies, use that number & Copy to all columns
8. Replace "Rs" with symbols of your currency. eg: If you are in Singapore, go to edit column, use "Replace" function a
9. You are now ready to use this calculator for your Country. Replace title "India" with "your country" before use.
10. CAUTION: Before you use modified sheet for your country, Test it a few times before relying on it. This is IMPORTA
11. This tool is offered for download "without any responsibility or liability on the part of the Author" This is pre-condition
USE IT AT YOUR OWN RISK.
12. Prepared by Kalidas for use on its blog http://anilselarka.com and offered for free download subject to above limita
r (for India)
unt Import duty and also Value Added Tax. It is presumed that you will
. You may compare the price from 3 dealers - Scenario 1 to 3. DO NOT
matically calculated

Scenerio - 1 Scenerio - 2 Scenerio - 3

31.1035 31.1035 31.1035

0.9999 0.9999 0.9999
100 100 100
0.50% 0.50% 0.50%
2% 2% 2%
3% 3% 3%

0.0000 0.0000 0.0000

0.00 0.00 0.00

100 100 100
0.00 0.00 0.00
100.00 100.00 100.00
2.00 2.00 2.00
3.00 3.00 3.00

105.00 105.00 105.00

#DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0!
#DIV/0! #DIV/0! #DIV/0!
#DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0!

weight units. If you want to tailor this calculator for your country,

pied to all next 4 columns. DO NOT FORGET to copy

olumns
n, use "Replace" function and replace Rs with SGD or S$
country" before use.
ying on it. This is IMPORTANT
Author" This is pre-condition before use.

oad subject to above limitations

 pied to all next 4 columns. DO NOT FORGET to copy
olumns
n, use "Replace" function and replace Rs with SGD or S$
country" before use.
ying on it. This is IMPORTANT
Author" This is pre-condition before use.

oad subject to above limitations

 Fair Price Gold Calculator (for Singapore)
INPUT only yellow shaded portion with latest numbers. You will get the Fair price which takes into account Import duty and also Valu
be taking official invoice from the dealer. If you are buying without official bill, reduce Fair Price by 2%. You may compare the price
change the value in greyboxes. They will be automatically calculated

BASIC SAMPLE DATA

CONSTANTS
One Troy Ounce = Constant 31.1035 31.1035
Gold Purity Constant 0.9999 0.9999
Import Duty in S$/10 gram Constant - Input 0 0
Insurance Cost Constant 0.50% 0.50%
VAT (Vaue Added Tax) Constant - Input 7% 7%
Dealer's Margin (Maximum) Constant - Input 3% 3%
VARIABLES
Gold In. Price $/Troy Ounce - 0.9999 Variable - Input 1,142.00
Gold Px $/ 10 Gram - 0.9999 Formula - Locked 0 367.1613
Exchange Rate S$/$ Variable - Input 1.3869
Gold Price S$ /10 Gram - 0.9999 Formula - Locked 0.00 509.22
ADD: Import Duty Formula - Locked 0 0
ADD: Insurance Cost Formula - Locked 0.00 2.55
LANDED COST (CIF in S$) Formula - Locked 0.00 511.76
ADD: Value Added Tax (VAT) Constant 0.00 35.82
ADD: Dealer's Margin in S$ Formula - Locked 0.00 15.35
Fair Price in S$ per 10 Gm - 0.9999 (Inclusive of
Import Duty+ VAT + Dealer's Margin (Fair Price) Formula - Locked 0.00 562.94
LOCAL GOLD PRICES
Purity Offered in Singapore - X say, 0.9950 Variable - Input 0.9999
Gold Price in S$ /10 Gram - X Purity (Ex- VAT) Variable - Input 535.00
Gold Price Equivalent Intl. 0.9999 (Ex-VAT) Formula - Locked #DIV/0! 535.00
Gold Price Equivalent Intl. 0.9999 (Inc-VAT) Formula - Locked #DIV/0! 570.82
Parity Difference S$ (Local Px - Fair Px) Inc VAT Formula - Locked #DIV/0! 7.89
Parity Difference S$ % (< 2% okay) Formula - Locked #DIV/0! 1.40%

NOTE:Item 30-31 shows amount overcharged.

Negotiate this sum. We are presuming that the
dealer issues his official invoice (inclusive of VAT).
If he does not issue invoice, you are overcharged
even more by VAT already considered in formula
FACTS
Amount Paid by / Required from you (ex-VAT) Variable - Input 535.00
Grams bought by / Offered to you Variable - Input 10.00
Amount in S$/10 grams (ex-VAT) Formula - Locked #DIV/0! 535.00

Using this Calculator for other Countries:

Each country has different Import duty, taxation rates, dealer's margin, exchange rates and weight units. If you want to
please do the following:
1. Go to Edit menu, select "Move or Copy sheet", a box will appear.
2. Select "Sheet2" under "Before Sheet", and click box "Creat the copy"
3. Press Okay. Sheet2 will be complete replica of this sheet. It will appear before Sheet2
4. Go to the bottom, and rename the Sheet2 as "Japan" if you are from Japan.
5. Change under "Basic" Item No. 10,12 and 13 as suitable to your country .
6 Copy the changes to all next 4 columns. eg: If Import duty is "0", C10 = 0 and it will be copied to all next 4 columns.
7. Dealer's margin remain same in all countries. If it varies, use that number & Copy to all columns
8. Replace "Rs" with symbols of your currency. eg: If you are in Singapore, go to edit column, use "Replace" function a
9. You are now ready to use this calculator for your Country. Replace title "India" with "your country" before use.
10. CAUTION: Before you use modified sheet for your country, Test it a few times before relying on it. This is IMPORTA
11. This tool is offered for download "without any responsibility or liability on the part of the Author" This is pre-condition
USE IT AT YOUR OWN RISK.
12. Prepared by Kalidas for use on its blog http://anilselarka.com and offered for free download subject to above limita
4. Go to the bottom, and rename the Sheet2 as "Japan" if you are from Japan.
5. Change under "Basic" Item No. 10,12 and 13 as suitable to your country .
6 Copy the changes to all next 4 columns. eg: If Import duty is "0", C10 = 0 and it will be copied to all next 4 columns.
7. Dealer's margin remain same in all countries. If it varies, use that number & Copy to all columns
8. Replace "Rs" with symbols of your currency. eg: If you are in Singapore, go to edit column, use "Replace" function a
9. You are now ready to use this calculator for your Country. Replace title "India" with "your country" before use.
10. CAUTION: Before you use modified sheet for your country, Test it a few times before relying on it. This is IMPORTA
11. This tool is offered for download "without any responsibility or liability on the part of the Author" This is pre-condition
USE IT AT YOUR OWN RISK.
12. Prepared by Kalidas for use on its blog http://anilselarka.com and offered for free download subject to above limita
or Singapore)
unt Import duty and also Value Added Tax. It is presumed that you will
. You may compare the price from 3 dealers - Scenario 1 to 3. DO NOT
matically calculated

Scenerio - 1 Scenerio - 2 Scenerio - 3

31.1035 31.1035 31.1035

0.9999 0.9999 0.9999
0 0 0
0.50% 0.50% 0.50%
7% 7% 7%
3% 3% 3%

0.0000 0.0000 0.0000

0.00 0.00 0.00

0 0 0
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00

0.00 0.00 0.00

#DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0!
#DIV/0! #DIV/0! #DIV/0!
#DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0!

weight units. If you want to tailor this calculator for your country,

pied to all next 4 columns. DO NOT FORGET to copy

olumns
n, use "Replace" function and replace Rs with SGD or S$
country" before use.
ying on it. This is IMPORTANT
Author" This is pre-condition before use.

oad subject to above limitations

 pied to all next 4 columns. DO NOT FORGET to copy
olumns
n, use "Replace" function and replace Rs with SGD or S$
country" before use.
ying on it. This is IMPORTANT
Author" This is pre-condition before use.

oad subject to above limitations