Gold Rate Calculator Kerala

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Gold Rate Calculator Kerala

Price Breakdown

Basic Gold Price:
Making Charges:
GST (3%):
Total Amount:
function calculateGoldPrice() { var weight = parseFloat(document.getElementById('goldWeight').value); var rate = parseFloat(document.getElementById('goldRate').value); var makingPercent = parseFloat(document.getElementById('makingCharge').value); var gstPercent = 3; if (isNaN(weight) || isNaN(rate) || isNaN(makingPercent) || weight <= 0 || rate <= 0) { alert("Please enter valid positive numbers for weight, rate, and making charges."); return; } var basicPrice = weight * rate; var makingChargeAmount = (basicPrice * makingPercent) / 100; var subTotal = basicPrice + makingChargeAmount; var gstAmount = (subTotal * gstPercent) / 100; var finalPrice = subTotal + gstAmount; document.getElementById('resBasic').innerText = "₹ " + basicPrice.toLocaleString('en-IN', {minimumFractionDigits: 2}); document.getElementById('resMaking').innerText = "₹ " + makingChargeAmount.toLocaleString('en-IN', {minimumFractionDigits: 2}); document.getElementById('resGST').innerText = "₹ " + gstAmount.toLocaleString('en-IN', {minimumFractionDigits: 2}); document.getElementById('resTotal').innerText = "₹ " + finalPrice.toLocaleString('en-IN', {minimumFractionDigits: 2}); document.getElementById('resultArea').style.display = 'block'; }

Understanding Gold Rate Calculations in Kerala

In Kerala, gold is not just an investment but a significant cultural asset. Whether you are buying for a wedding or as a hedge against inflation, understanding how the final billing is done at jewelry showrooms is crucial. The price you see on the news or displayed in shops is the base rate per gram, usually for 22 Karat gold.

How the Final Price is Derived

The final price of gold ornaments in Kerala is calculated using a specific formula that includes the live market rate, craftsmanship costs, and government taxes:

  • Base Gold Price: The weight of the gold multiplied by today's prevailing rate (e.g., 8 grams x ₹6,500).
  • Making Charges (Pani Kooli): This is the fee for converting raw gold into jewelry. In Kerala, this usually ranges from 3% to 25% depending on the complexity of the design.
  • GST: A standard Goods and Services Tax of 3% is applied to the sum of the gold price and the making charges.
  • HUID Charges: A small fixed fee per piece for hallmarking (Hallmark Unique Identification).

22K vs 24K Gold in Kerala

Jewelry is primarily made in 22 Karat gold (91.6% purity) because 24 Karat gold is too soft for intricate designs. When you check the "Kerala Gold Rate," it almost always refers to 22K gold. 24K gold is reserved for coins, bars, and investment purposes.

Practical Example

If you are buying a "Pavan" (8 grams) of gold today:

Component Amount
Gold Weight 8 Grams (1 Pavan)
Rate (Assumption) ₹6,500 per Gram
Making Charges (5%) ₹2,600
GST (3%) ₹1,638
Final Payable ₹56,238

Tips for Buyers in Kerala

1. Check the Purity: Always look for the BIS 916 Hallmark and the HUID code laser-etched on the ornament.
2. Compare Making Charges: Different jewelers in Kerala offer different making charge slabs. Some offer flat rates during festival seasons like Onam or Vishu.
3. Buyback Policy: Ensure you understand the jeweler's buyback policy. Most reputable Kerala jewelers offer 100% value on the gold weight when you exchange it for new ornaments.

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