Gold Rate Today in Kerala India – Price of 1 Pavan (8 Grams, 22 Carat), India Today
Gold rate today in Kerala [current_date format=’d-F-Y’] Find Gold Price Today in Kerala and also know the 22 Carat and 24 Carat precise Kerala Gold rate, which is verified and updated up to this minute. Discover Date, Gold Price in Kerala supported rupee 1 gram also as per 8 grams, find the precise change in Current Gold Price in Kerala from the previous day also explore the daily change in Kerala Gold Rate for the past few months accurately during this page and you will perceive all essential details and latest updates on Gold Rate Today in the metro journal online.
Gold Rate Today in Kerala – what’s the mandatory checklist for buying?
If you wish to buy gold in Kerala, note down the following things which you must know before buying gold in Kerala.
First, you should check the gold rate in Kerala.
while purchasing a gold Jewel, ask the making charges of that gold jewelry. The making charges vary for various Jewellery shops.
Get the receipt for your gold purchases. This receipt can be of immense value when you want to sell the gold at a later stage.
Need updates on Gold Rate Today in Kerala?
Gather Latest Updates and fluctuations of the Gold rate in Kerala instantly here. For future gold investors, it’s always good to shop for gold only the gold rate is low. From this page, Gold investors and buyers can immediately investigate consistent with their needs altogether probability cases.
Compare Gold Rate in Kerala – 22 K vs. 24K
The unit named “Karat” or “Carat” refers to the purity of gold. 24 Carat (24K) gold is taken into account as pure gold, i.e. 100% gold. 22 Carat (22 K) consists of some portion alloy mixed with gold, which suggests, 91.7% of the composition is pure gold and therefore the remaining is alloy in 22K Gold.
So, 24 Carat pure Gold (24 K) is usually slightly higher in price in comparison to 22 Carat (22 K) Gold price sleep in Kerala. Grab exact Gold Rate in Kerala for both 24 Carat and 22 Carat gold during this page.
Why it is important to check Gold Rate in Kerala?
It is very important to check today Gold rate in Kerala, before buying gold online or any retail shop, because even a little variation in gold prices Today can lead to a big loss. The price of gold today is extremely high in comparison thereto of 10 years ago. Therefore it is important to check the live gold rate on this page and to compare the current gold rate with each jeweler before buying gold in Kerala.
The larger and the more reputed jewelers in Kerala may charge more for making charges for your gold purchase. If you realize that the making charges of Gold are significantly high in one jewelry shop, then you should look at the other goldsmith or jeweler, where you would get a decent rate of gold.
What is Gold Rate in Kerala for 916 Hallmark gold?
916 gold means 22 Carat gold, which is 91.6 grams of pure gold in 100 grams of gold that has alloy. On this page, you’ll check the right rate of 916 Hallmark gold i.e, 22 carat Gold Rate in Kerala. Also, you’ll precisely get 1 gram gold price of 916 Hallmark gold i.e., 22 carat gold in Kerala.
How much is the Tax Levied on Gold Rate in Kerala?
Whenever you buy Gold in Kerala, you have to pay taxes on gold. If you buy or sell gold at a profit, a capital gains tax is levied. If your gold Rate crosses Rs. 30 lakhs, you need to pay a wealth tax on that gold. Before GST, total tax and duties on Gold Rate in Kerala are nearly 12.4%. After the implementation of GST, a tax on the gold rate marginally increased to approximately 14%.
How is Gold Rate Today in Kerala different from other cities?
The gold rate in Kerala slightly varies from the current gold rate in other states. There are several reasons for this variation in the live gold rate including internal also as external factors. Some factors affecting Gold Rate in Kerala are:
Making charges for gold Jewellery. Even for 1 gram gold Jewellery, price varies for various Jewellers thanks to variation in making charges.
Transportation expenses in and around Kerala.
Various taxes that are levied on buying gold in Kerala.
The current rate of gold in Kerala is greatly affected by these common factors.
Factors that Impact Gold Rates Today in Kerala
There are many reasons for the daily movement in gold rates today in Kerala.
One of the biggest of these is the international demand for the metal.
We have been constantly seeing that the demand for the precious metal has been tapering in the state. This has led to subdued price demand.
Another factor that impacts today’s gold rates in Kerala includes the currency movement. We have been seeing that the rupee has been weakening against the dollar. When this happens, prices tend to dip.
Gold rates in Kerala today are hence impacted by the same. Let us cite an example. Let us say rates were constant at $1000 per kg. Now, if the rupee moves from 68 to the dollar to 70 to the dollar, it would automatically make prices more expensive, since India imports a lot of gold. This is one of the top reasons why prices move higher in India and hence in the state of Kerala.
How the gold rate today in Kerala may differ?
The state of Kerala has one of the lowest gold rates today in the country. Many investors visit the state because of the renowned chain of jewelers that are present here.
If you are looking to buy the precious metal, it would be advisable to check a host of things, before you venture into buying.
First, it is important to remember that gold rates may differ from city to city, within the state. It is a must to check with your jeweler on the prices. Many jewelry shops in Kerala could change the gold rates at different times, so you need to enquire. Also, there is a possibility that a few of them may be charging a different rate. It is a good idea to always call and check.
Also, one needs to see and determine whether the gold is hallmarked. If it is, then you are sure about the quality and the various other aspects. In short, there are various factors that you should consider before you buy gold in Kerala.
Where to buy gold in Kerala?
Kerala features several jewelry shops spread across the length and breadth of the state. Every top city including Cochin, Thiruvanthapuram, Calicut has plenty of jewelry shops.
Apart from this, even the smaller towns have many jewelry shops. Among the more popular shops include Malabar Gold, Joy Alukkas, Jos Alukkas, etc. There are plenty of choices that buyers of gold in Kerala have. You need to visit some of the frontline shops in the top cities and can also engage in window shopping just to make inquiries if you so wish.
What to check while buying gold in Kerala?
Before buying gold in Kerala, it is worth checking the price. Remember, while gold rates may more or less remain the same across the state and the cities, the making charges are really what differs So, make sure that you check the making charges before buying.
Apart from that we strongly recommend that you look for purity. Make sure that you buy only hallmarked jewelry.
Gold rates and the rupee
The currency plays a very crucial role in the movement of gold prices. India imports almost all of the precious metal. This means to a large extent, we need to worry about the dollar movement against the Indian rupee. Today’s gold rates in Kerala nearly always reflect currency fluctuations. For example, if the dollar moves from levels of 67 to 70 to the rupee,
one would have to pay more for gold. In the past individuals coming to Kerala from the center, East would carry gold alongside them.
This would sometimes make it cheaper. However, there are some restrictions on importing the same and investors and consumers need to be aware of the same.
The restriction to hold gold within the sort of jewelry is different for men and ladies. In any case, those who are looking to buy the metal must keep in mind the exchange fluctuations that take place from time to time.
What determines the gold rate today in Kerala?
Gold prices in Kerala largely move in tandem with the international markets. So, if international prices go up, gold rates in Kerala would go up and vice versa. Similarly, if gold rates fall in the international markets, it would drop in Kerala as well.
Having said that we must say that 2017 has been a good year for investors in Kerala, who have got decent returns. Their returns may be close to 20 percent this year, since the start of the year.
Gold is a good investment for those looking at more steady returns. It is also a great diversification saving instrument.
How to Invest in Gold?
Gold, the yellow metal is respected throughout the world for its value and rich history, which has been interwoven into cultures for thousands of years. Unlike, paper currencies or other assets gold has maintained its value throughout the ages.
Jewelry: People of Kerala have an unparalleled affection towards gold. When it comes to jewelry, nothing can beat the gold ornaments that adorn a Keralite bride. Koduvally, a village is located 25-kilometers away from the city of Kozhikode in Kerala, has more than 100 jewelry shops within the one-kilometer radius.
Coins: The gold coins are available in different karats and weights. People buy gold coins for gifting purposes apart from the investment.
Commodity Exchange: Gold is traded as a commodity for a variable time duration in the Multi Commodity Exchange popularly known as MCX, National Spot Exchange Limited or in the National Commodity & Derivatives Exchange (NCDEX).
Bullion: Precious metals in bulk, in the un-coined form such as gold bars, considered in mass rather than value.
Factors affecting Gold rate today in Kerala
Gold is seen as an important asset in Kerala. It plays a vital role in festivities and celebrations. The factors which affect the price of gold in Kerala are as follows:
– Investing in gold is considered to be safe at all times. It becomes right during the time of inflation. Inflation reduces the purchasing power of an individual. The right form of investment during inflation is to invest in something stable. Gold is the best option to invest in during inflation time and hence naturally the price of the gold increases during inflation.
Change in Global Prices
– The majority of gold requirements in India are met through imports. Naturally, any change in the prices at the global level will have its fair share of impact even on the prices at the domestic level. The worldwide change in the yellow metals price may be due to the political crisis, economic turmoil, change in supply, change in demand and so on.
– the jewelry market plays an important role in affecting the gold rates within the country. In India, most of the gold purchased is used in the form of ornaments and jewelry. The jewelry market in India is vast. The increase or decrease in the demand for gold depends on the festival seasons and sentiments. The requirement for the precious metal will trend upwards during the festive season, and it slides down during the non-festive season.
Central Bank’s Gold Reserve
– RBI, the country’s central bank holds massive reserves of gold, in addition to currencies. When the central bank of a nation starts to acquire and maintain gold, the price of the yellow metal shoots up. The rise in price is due to the increase in the supply of money and a decrease in the supply of gold.
The rate of Interest
– The rate of interest on the bank deposits and financial instruments also play a significant role in determining the price of the gold. Higher interest rates imply that people will sell their gold and put their money to some better use and vice versa.
Figuring the gold price trend in Kerala
Gold prices within the city of Kerala have had an outstanding run within the last one year. This is largely riding piggy-back on international prices of gold. Will gold rates move higher in Kerala? This is always a difficult question to answer. We believe that the precious metal has already gone up by 24 percent this year and to keep going up defies all logic.
Hence, in the more medium term, we believe that gold prices could be going lower. If you are looking to invest, do not jump in at the current high prices. Wait for gold prices to fall before entering the same.
Checking of gold purity in Kerala
You can contact the office for testing centers, to test the purity of gold. What we suggest is that you buy hallmarked gold, which will save you time and effort to buy gold in Kerala.
There is a small triangular mark, which would signify the quality of gold. That is the BIS mark and you can see the same for quality. A lot of individuals from Kerala also buy gold from the Gulf. However, there are restrictions on getting gold into India. A lady traveler can only get up to Rs 1 lakh worth of gold, while a male traveler can get only Rs 50,000 worth of gold, without paying duties.
On amounts above this, you have to pay the applicable duty. So, you need to ensure that you do not get the value of gold into India, over the above-mentioned limit.
Today, it is also easy to get golds of similar purity in India. Gone are the days when we struggled for good quality gold. Not to mention the patterns, which are the finest.
How to buy gold in Kerala?
If you thought that this was a very funny question, the answer is no. You can buy gold in several ways, including gold through Exchange Traded Funds schemes. There are, of course, the gold bonds that have also come up. So, if you thought that the only answer to buy gold in Kerala, was through the physical gold buying route, you are making a mistake. Gold can be bought in various ways. If you use the electronic form of buying gold, that is through the exchanges in the forms of gold ETFs, it is better for you.
We suggest that you look at various other forms of gold, in place of the usual gold ETFs and the gold bonds. Kerala has one of the finest chains of jewelry shops that you also find extending to many of the Gulf countries. So, there are a plethora of choices, when it comes to buying gold in India.
Physical Gold Vs Gold ETF’s in Kerala
Many investors in Kerala are interested in gold. But, the problem is that they are not sure about where to invest in. Two options, that is ETF’s and physical gold is confusing the investors.
Physical Gold comes with many issues, such as storage problems, prone to theft and many more. In gold ETF’s, there are no issues regarding theft and storage. The return will be the same.
The liquidity of ETF is very high when compared to physical Gold. Trading is a few clicks or a call away. Just by some clicks on the mobile phone or by making a call to the fund manager or broker, the money will be credited into your account.
When it comes to physical gold, one needs to visit a jeweler or bank to buy or sell the jewelry.
The only advantage associated with physical gold is, they can take the loan on it, which is not possible for gold ETF.
ETF’s are also tax efficient. It won’t be added to your wealth. If you sell the ETF after one year, there will be no long-term capital gains tax.
Should you opt for gold as an investment?
It is a good idea if you are diversifying your portfolio to look at the precious metal as an investment. This is because you do not want to place all eggs in one basket. However, the most important thing when investing is to time your investment. This is because, if you buy gold at any and every price, you will end up making losses.
The ideal strategy here would be to seek the expert opinion or where gold prices are headed before you buy into the same. Chances are that a patient investor may still end-up making decent money. However, one should hold for the long term, as gold has only given returns in the very long term. Do remember to check the daily price of gold in Kerala, before you decide to buy or sell the precious metal.
Taking Gold Loan In Kerala
Most individuals in Kerala raise money in bad situations by taking a Gold loan because Banks and other NBFC (Non-Banking Financial Services) give loans against gold in a matter of minutes. A most popular way of getting a gold loan is by visiting gold loan companies in Kerala such as Muthoot Finance and Mannapuram Finance. These two NBFC’s are popular not only in Kerala but all over south India. There are many more NBFC but because of the interest rate and other facilities, these companies offer.
Muthoot Finance and Mannapuram Finance offers good interest rates, it will be better to compare the same with bank gold loans and also with other gold loan companies before you go for the loan. There might be a marginal variation in interest rates which will be changing from time to time, So it is hard to tell which would be better. Also, compare gold rates in Kerala before you take a loan because the gold rates in Kerala will be fluctuating depending upon a few economical conditions. It is advisable to go for a gold loan when the gold prices in Kerala are high.
Good Demand For Gold In Kerala?
In Kerala, Gold acts as a status symbol. The amount of gold one shows how wealthy the family is. Thus the demand for gold is increasing exponentially. Gold plays an integral role in religious ceremonies as well. Regardless of the faith and gold rates in Kerala. Gold has its prominence regardless of the reasons. Either Hinduism, Sikhism or Christianity, gold has its prominence across all religions. Purchasing gold on religious Occasions is a common thing in Kerala.
In Kerala, Gold is always considered the safest investment. Individual investors in Kerala do at least thirty percent of their investments in gold. Gold is attached to Keralites sentimentally as well. Gifting gold is the highest form of gifting, They believe by doing, so it showcases the value of an individual and purity of their intent.
Keralites love gold a lot so if they need to liquidate an asset to make money, then gold will be the last resort. Though there are some savings and investment strategies people in Kerala prefer gold as the only practical form of savings. So whatever the season and however the gold prices in Kerala are moving. The demand for gold will not go down.
How gold rates today in Kerala get impacted?
Today’s gold rates in Kerala are impacted by several things. the most important of those is that the global movement of the valuable metal.
for instance, when global prices move, we see, prices of gold in Kerala also rising. the opposite reason for the upper or the lower movement of the valuable metal is that the currency rates. Over a previous couple of years, the dollar has been moving consistently higher against the rupee, this has helped gold prices to maneuver higher. The rates of gold within the various cities of Kerala may differ a touch.
it might be an honest idea if investors call and make themselves conscious of gold rates before buying. this can make sure that they get maximum value for the worth they buy the jewelry.