Understanding Gold Rates in Kerala

Gold rates in Kerala are influenced by several factors including international gold prices, local demand, making charges, and GST. Understanding these factors can help you make better purchasing decisions.

Factors Affecting Gold Rates

1. International Gold Prices: The base price is determined by global markets
2. Local Demand: High demand during festivals and wedding seasons
3. Making Charges: Additional charges for jewelry craftsmanship
4. GST: Government taxes applied to gold purchases

Tips for Buying Gold

• Compare rates across different districts
• Check for purity certification
• Understand making charges
• Buy during off-season for better rates