Get to know the Gold Rate in Kerala Today with Goldandsilverrate.com. This page offers you the exact prices of Gold Rate today of both 22 caret as well as 24 caret, which are verified and updated. Get to know the Date, Gold Rates based on rupees for both 1 grams as well as 8 grams. Explore the daily change Gold Rate in Kerala in this page. Get the latest updates on Gold rate in Kerala Today in matter of seconds.
Let’s take a look at the gold rate in Kerala. (See table below…)
Gold Rate In Kerala Today
|Date||Pure Gold 24 K (1gm)||Pure Gold 24 K (8gm)||Std Gold 22 K (1gm)||Std Gold 22 K (8gm)|
In Kerala, the gold rate is decided by the jeweler’s association in the city. Some jewelers decide their own rates rather than that of the associations.
The Indian bullion and jeweler’s association (IBJA) is 100 years old. It publishes gold rate daily, twice a day, morning and evening for gold of 999, 995 and 916 purities of gold. The gold rate given by the IBJA is followed the Indian government to arrive at the price of the sovereign gold bonds, they issue.
3% GST is added to the calculation. Additional costs are included like transport charges, the cost of guards is needed during transport and cost of insurance are also needed.
The jeweler’s association is based on the demand and the flexibility. They decide whether to give a discount on the rate. If the demand is high, not discount is given and when the demand is low, the discounts will be high.
Jewelers also have other charges like making charges, wastage charges, etc.
Gold jewellery ornaments in Kerala:
According to the recent survey by the world gold council, bangles and chains are the most popular gold jewellery ornaments in Kerala and contribute between 30% to 47% of the demand.
Necklaces contribute between 15% to 20% and rings, earrings and finger rings contribute between 5% to 15%.
The demand of gold jewellery in Kerala:
The demand for gold jewellery in Kerala remains on bridal jewellery (20% to 35%).
Daily wear jeweler contributes about 15% to 35% of gold demand and fashion jewellery contributes about 5% to 10% of gold demand.
Occasions – the Kerala buy its gold:
The occasions like wedding season and festivals like Diwali/dhanteras, Akshaya Tritiya, New Year and Makara Sankranthi are the gold-buying occasions in Kerala.
They also buy gold for birthdays and anniversaries.
Disclaimer: Goldandsilverrate.com makes every possible effort to ensure the accuracy of information in displaying prices of gold in the particular city. Goldandsilverrate.com makes no guarantee or warranty on the accuracy of the data provided on the page. The information about the prices is only for information purpose alone. There maybe some variance in the rates and hence customers are recommended to consult with their registered adviser to assist with their investment over buying and selling of the precious metal