Today's Metal Rates

The 916 gold rate in Kerala today refers to the price of 22-carat gold per gram. The term '916' indicates that the alloy is 91.6% pure gold, with the remaining 8.4% composed of metals like silver or copper to add durability. This is the standard benchmark for jewelry purchases across Kerala.

To calculate the final cost of jewelry in Kerala: 1. Multiply the gold weight (in grams) by today's 22K gold rate. 2. Add the making charges (Panikooli), which typically range from 5% to 25% depending on the complexity of the design. 3. Apply a 3% Goods and Services Tax (GST) on the combined sum of the gold value and making charges. Formula: Final Price = (Gold Weight × Daily Rate + Making Charges) × 1.03.

Historically, gold rates in Kerala fluctuate based on international demand and currency volatility. Prices often dip slightly during the monsoon season (June to August) before rising due to wedding and festival demand in the autumn (Diwali, Akshaya Tritiya). Tracking our daily price trend charts helps you lock in rates during market dips.

Yes, you can easily verify the 6-digit alphanumeric HUID (Hallmarking Unique ID) code online using the Bureau of Indian Standards' official 'BIS Care' mobile app. Entering the HUID reveals the registration details of the jeweler, the hallmarking center, the purity test results, and the exact weight of the gold.

The daily gold rate in Kerala is determined by the All Kerala Gold and Silver Merchants Association (AKGSMA). It is based on the international market gold prices (represented in USD per ounce), Indian Rupee exchange rate vs. the US Dollar, customs import duty rates set by the Indian government, and banking transaction fees. Local supply and demand adjustments are then factored in.

24K gold is 99.9% pure gold and is very soft, making it unsuitable for durable jewelry. It is mostly sold as bars or coins. 22K gold (often called 916 gold) contains 91.6% pure gold mixed with 8.4% alloying metals like copper or silver, providing the strength required for daily-wear jewelry. 18K gold is 75% pure gold, often used for stone-studded and diamond jewelry.

In Kerala and southern India, gold jewelry transactions are heavily measured in sovereigns, locally known as 'Pavan'. One sovereign is exactly equal to 8 grams of gold. It is a traditional unit of measurement for dowries, savings, and temple offerings.

Making charges (panikooli) cover the craftsmanship and metal wastage during design creation. In Kerala, making charges typically range between 5% and 25% of the metal value, depending on the complexity of the ornaments. Machine-made simple designs have lower charges, while antique, hand-crafted, or temple designs command higher rates.

A flat Goods and Services Tax (GST) rate of 3% is applicable on the total taxable value of the gold purchase (which includes the value of the pure metal plus the making charges). This tax is uniform across all states in India.

BIS Hallmarking is a purity certification system established by the Bureau of Indian Standards. As of June 2021, the Government of India has made hallmarking mandatory for 14K, 18K, 20K, 22K, 23K, and 24K gold jewelry. It protects consumers against adulteration and guarantees that a piece marked 22K is indeed 91.6% pure.

Yes, you can exchange or sell old gold jewelry at current daily rates. However, jewelers will first verify the purity of your gold. When selling or exchanging, they will deduct the weight of any non-gold stones, subtract a standard melting loss/alloy deduction (usually 1% to 3% for hallmarked gold), and calculate value based on the day's buyback rate. GST paid on the original purchase is not refundable.

While the base gold price is similar nationwide, slight variations occur due to local jeweler association rates (e.g., AKGSMA in Kerala vs. Mumbai Jewelers Association), varying local transportation costs, state-level trade associations, and differences in local supply structures.

Silver is priced per gram and per kilogram. Unlike gold, which is heavily traded in sovereigns, silver is measured strictly in grams. It experiences higher volatility than gold due to its high industrial utility alongside its status as a precious metal.

Gold is globally recognized as a safe-haven asset. During geopolitical instability, wars, inflation, or economic recessions, global investors buy gold, driving international rates up. Conversely, during economic stability or high-interest-rate environments, investors sell gold, causing prices to dip, which directly impacts daily rates in Kerala.