Gold Rate in Calicut Today

Keep tracking the current gold rates in Calicut that help you buy strategically. The price of gold can rise or fall due to local demand, currency fluctuations, and broader economic factors. By checking today’s gold price in Calicut, you can be confident whether you will buy or not the precious metal. 

Check out the gold price today in Calicut for different weights below.

Gram	22 Carat Gold Rate Today	22 Carat Gold Rate Yesterday	Daily Price Change
1 Gram	₹7,885	₹7,885	₹0
10 Gram	₹78,850	₹78,850	₹0
100 Gram	₹788,500	₹788,500	₹0

Gold price in Calicut with fluctuations in the last few days, is shown below:

Gold price in Calicut with fluctuations in the last few days, is shown below:

Investing in gold can enhance your portfolio and shield against inflation. Once you check the current gold prices in Calicut, here are some options for making your investment: 

• Sovereign Gold Bonds (SGBs)

SGBs are one of the safest forms of investment and an excellent alternative to physical gold. They come with a fixed interest rate, and you can redeem them for cash at maturity. The Reserve Bank of India (RBI) issues SGBs on behalf of the Indian government.

• Digital Gold

This is a form of gold investment where you can acquire gold units online. These units are kept in secure vaults at no additional charge. You can effortlessly sell the gold you purchase whenever you wish and exchange it for physical gold of equivalent value.

• Gold Futures

Investing in gold futures is an excellent way to stay protected against the price changes of gold.

• Gold Exchange Traded Funds

Gold ETFs are funds that mirror the local price of physical gold. These passive investment vehicles rely on gold prices and invest directly in gold bullion.

Before buying gold in Calicut, keep these factors in mind that make you a more informed and secure gold purchase:

• Current Gold Rate

Keep informed about the latest gold prices in Calicut by checking trustworthy sources or financial platforms. Being aware of this information enables you to identify fair and consistent prices with market norms.

• Jeweller’s Reliability

Look for well-known, reputable jewellers who have a solid reputation. To be sure your jewellery purchase is legitimate and of high quality, look up reviews online and visit reputable jewellery retailers.

• Hallmark Certification

Always choose gold jewellery that has been certified by a hallmark. Check for the Bureau of Indian Standards (BIS) logo, the purity in karats and the Hallmark Unique Identification (HUID) number.

• Making Charges

It is important to be aware of the making charges and any extra taxes or fees associated with the purchase. Sometimes, jewellery makers might impose higher making charges, which can affect the total price.

• Documentation

Make sure to obtain proper receipts and documentation for your purchase. These documents serve as proof of transaction, assisting in future dealings or when filing an insurance claim or while applying for a gold loan.

If you are planning for gold purchases, it is essential to know the factors that affect current gold prices in Calicut: 

• Seasonal and Festive Demand

During festive seasons and celebrations, the demand for gold typically surges, leading to temporary price hikes. These peak periods can result in higher costs. Planning your purchases outside of these times can help you avoid paying inflated prices.

• Supply Issues

Gold prices can rise when there are disruptions in mining or distribution. A limited global supply can influence local gold prices, such as. Tracking these supply chain challenges can help you time your purchases more effectively.

• Inflation Impact

As inflation increases, gold becomes a more appealing investment, increasing its price. Gold is seen as a stable asset when currencies lose value. Monitoring inflation trends can help you make informed decisions about when to buy.

• Changes in Government Regulation

Modifications in government policies, such as import duties or tax adjustments, can directly affect local gold prices. Staying informed about such regulations allows you to anticipate potential price fluctuations.

• Investor Confidence Shifts

When investor confidence in stocks or currencies weakens, gold becomes a go-to option, driving demand. Understanding shifts in investor sentiment can help you avoid paying premium prices.

In addition to checking the hallmark certifications, gold’s purity can be evaluated via these methods:

• Magnetic Test

Gold is non-magnetic, so using a magnet can help you identify if the gold item is pure. If the gold is attracted to the magnet, it likely contains iron or other magnetic metals.

• Nitric Acid Test

Applying nitric acid to gold can help you determine its purity. Pure gold will not react, while alloys will change colour.

• Ultrasonic Testing

In this method, ultrasonic waves are passed through the gold to measure its thickness. Any impurities or alloys will disturb the waves, indicating the gold’s purity. 

• Stone Test

In this technique, the gold item is rubbed against a touchstone, and acid is applied to the area. Pure gold will not react, while other metals usually leave visible traces.

GST rates significantly influence the cost of gold, so understanding these rates is crucial while purchasing gold. A 3% GST is applied to gold items such as jewellery, coins, and bars. Additionally, jewellery-making charges are subject to an extra 5% GST.

Additional Read: GST applies to gold jewellery

For example, on purchasing a gold coin worth ₹5 Lakhs, you will have to pay ₹15,000 in GST. You can plan your gold purchases more accurately by factoring in these costs.

Gold has become a practical financial tool beyond its cultural value. The loan amount you can borrow depends on the current gold rate. When gold prices rise, you can borrow more money for the same gold. When prices drop, the loan amount decreases. 

 

Lenders offer loans as a percentage of the gold’s market value, so keeping an eye on rates can help you get the most value when borrowing against your gold. 

At Bajaj Markets, comparing gold loan options from various lenders is simple and hassle-free. You can easily apply for your chosen loan online, all from the comfort of your home.