Today's Gold Rate in Kerala

FAQs on Gold Rate in Kerala

1. What factors do I check before buying gold in Kerala?

   A few important things to keep in mind before buying gold in Kerala are: The price of gold per gram, The level of purity, Certification of the metal, Buy-back terms of the lender.

2. Why is the gold rate in Kerala different from the gold rate in other cities?

   Gold rates vary across Indian cities due to differences in state taxes (VAT/GST components applied differently), local jewellers' associations, transportation costs, and demand-supply dynamics in each city. Kerala's rate reflects its specific local pricing.

3. Where can I buy gold in Kerala?

   You can buy gold in Kerala at certified jewellery stores (look for BIS hallmark certification) and bank branches (for gold coins). 

4. What to check while buying gold in Kerala?

   There are various things which you have to check while purchasing gold in Kerala such as purity level, making charges, certificate of purity, and the weight.

5. What determines the gold prices in Kerala?

   Gold price keeps on fluctuating in Kerala depending on various factors such as inflation, government gold reserves, demand, jewellery market, interest rate trends, supply, and global movement.

6. What is the best place to buy gold in Kerala?

   Kerala is famous for gold as people prefer wearing and gifting gold during festive seasons such as Onam and Vishu. So, there are many reputed gold dealers which sell genuine and certified gold jewelleries and ornaments.

7. Will the gold price in Kerala keep changing?

   Yes, the gold price in Kerala may keep fluctuating or changing due to various factors which affect the price of gold in the country. Some of these factors include the value of the rupee against the U.S. dollar, the price of crude oil, the trend of the equities market, etc.

8. Is gold cheap in Kerala?

   The prices of the gold are cheaper in Kerala in terms of 24 karats and 22 karats gold because of the movement in the international market.

9. What is the gold rate today in Kerala?

   The gold rate in Kerala today is updated live on BankBazaar. You can check the current 24K, 22K, and 18K gold prices per gram and per 10 grams on this page, refreshed daily based on MCX rates and local market data.

10. What are the taxes applicable when buying gold in Kerala?

    When buying gold in Kerala, you pay 3% GST on the gold value and an additional 5% GST on the making charges for jewellery. Import duty on gold is currently 15%, which is already factored into the base price.