Gold has always been a symbol of wealth, tradition, and financial security in India. In Kumbakonam, a city known for its rich cultural heritage and thriving gold market, buying gold jewelry, especially 916 KDM (22-carat gold), is a common practice for weddings, festivals, and investments.
Today’s Gold Rate in Kumbakonam (916 KDM – 22 Carat)
If you’re planning to buy gold in Kumbakonam today, it’s essential to stay updated with the latest gold rates, understand the factors affecting prices, and know the best practices for purchasing gold. In this article, we will discuss:
- Today’s Gold Rate in Kumbakonam (916 KDM)
- Factors Affecting Gold Prices
- Best Places to Buy Gold in Kumbakonam
- FAQs on Gold Purchase in Kumbakonam
Today 22 Carat Gold Price Per Gram in Kumbakonam (INR)
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 | ₹9,049 | ₹9,050 | – ₹1 |
| 8 | ₹72,392 | ₹72,400 | – ₹8 |
| 10 | ₹90,490 | ₹90,500 | – ₹10 |
| 100 | ₹9,04,900 | ₹9,05,000 | – ₹100 |
(Note: Gold rates fluctuate daily based on international markets, currency value, and local demand. Check with local jewelers for real-time prices.)
Why is 916 KDM Gold Popular in Kumbakonam?
- 916 KDM (22K gold) is 91.6% pure gold mixed with other metals for durability.
- Ideal for jewelry as it is strong, long-lasting, and has a rich yellow shine.
- Preferred for weddings and traditional ornaments in Tamil Nadu.
Factors Affecting Gold Rates in Kumbakonam
- International Gold Prices – Gold is traded globally in USD; any change in international rates affects local prices.
- Indian Rupee vs. USD – A weaker rupee increases gold prices in India.
- Local Demand & Festivals – During weddings and festivals like Diwali, Pongal, and Akshaya Tritiya, demand rises, increasing prices.
- Government Taxes & Import Duty – GST and customs duties impact the final price.
- Jeweler Making Charges – Additional labor costs for designing jewelry vary between shops.
Best Places to Buy Gold in Kumbakonam
Kumbakonam is home to several trusted jewelers offering 916 KDM gold with BIS Hallmark certification. Some popular stores include:
- Saravana Gold Palace – Known for competitive pricing and quality jewelry.
- Joyalukkas – A reputed brand with a wide range of designs.
- GRT Jewellers – Offers traditional and modern gold ornaments.
- Bhima Jewellers – Famous for intricate temple jewelry.
- Local Trusted Jewelers – Many family-run stores offer good deals with lower making charges.
Tips for Buying Gold in Kumbakonam
✔ Always check BIS Hallmark for purity.
✔ Compare making charges across stores.
✔ Ask for a proper bill with detailed breakup (gold rate + making charges + GST).
✔ Buy during price dips or festival discounts.
FAQs on Gold Rates & Purchases in Kumbakonam
1. What is the difference between 916 KDM and 24K gold?
- 916 KDM (22K) is 91.6% pure gold mixed with metals like copper/silver for durability.
- 24K (999 gold) is 99.9% pure but softer, mainly used for coins and bars, not jewelry.
2. Why does the gold rate change daily?
Gold prices depend on global market trends, USD exchange rates, and local demand-supply factors.
3. Is buying gold in Kumbakonam safe?
Yes, if you purchase from BIS-certified jewelers who provide Hallmark purity assurance.
4. What are the making charges for gold jewelry?
Making charges vary (2% to 15% of gold cost). Intricate designs cost more.
5. When is the best time to buy gold in Kumbakonam?
- During Akshaya Tritiya, Diwali, Pongal (discounts offered).
- When global gold prices drop.
6. How to check if gold is pure?
- Look for BIS Hallmark (916 stamp).
- Ask for a certificate of purity.
- Visit a certified gold tester if in doubt.
7. Does GST apply to gold purchases?
Yes, 3% GST on gold + 5% on making charges applies.
8. Can I exchange old gold for new jewelry?
Yes, most jewelers offer exchange schemes with some deductions (wastage charges).
9. What is the trend of gold prices in Kumbakonam?
Gold prices generally increase over time due to inflation and demand, but short-term fluctuations occur.
10. Are gold loans available in Kumbakonam?
Yes, banks and NBFCs offer loans against gold jewelry at competitive interest rates.
Conclusion
Gold remains a preferred investment and adornment choice in Kumbakonam. Before purchasing 916 KDM gold, always compare rates, check purity, and buy from trusted jewelers. Stay updated with daily gold price trends to make informed decisions.
