With the festive season just around the corner, an increment in gold buyers is close. The upcoming holiday season will probably lead to an increase in gold purchases. Gold is in high demand right now in Kerala. Gold is considered a precious investment. People tend to save money and buy gold in the form of biscuits and coins as investments. Always look at the gold rate today Kochi before buying. Today’s gold price is listed below.
Gold rate today in Kochi
The gold rate today in Kochi is as follows.
The rate is ₹45,950 per 10 grams of 22-carat gold and ₹50,130 per 10g of 24-carat gold.
| Rate | 22-Carat Gold | 24-Carat Gold |
| 8 grams | ₹36,750 | ₹40,104 |
| 10 grams | ₹45,950 | ₹50,130 |
| 100 grams | ₹4,59,500 | ₹5,01,300 |
NOTE: This rate does not include any taxes.
Fluctuations in gold prices in Kerala
Currency greatly influences the movement of gold prices. Kerala’s gold prices primarily follow the trends of the world markets. Glimpse at the previous ten days’ gold rates in Kerala, as shown below.
| Date | 22-Carat Gold per 10 gram | 24-Carat Gold per 10 gram |
| 19 September 2022 | ₹45,850 | ₹50,020 |
| 18 September 2022 | ₹45,950 | ₹50,130 |
| 17 September 2022 | ₹45,950 | ₹50,130 |
| 16 September 2022 | ₹45,800 | ₹46,960 |
| 15 September 2022 | ₹46,200 | ₹50,400 |
| 14 September 2022 | ₹46,400 | ₹50,620 |
| 13 September 2022 | ₹46,730 | ₹50,980 |
| 12 September 2022 | ₹46,750 | ₹51,000 |
| 11 September 2022 | ₹46,750 | ₹51,000 |
| 10 September 2022 | ₹46,750 | ₹51,000 |
The price fluctuated a little, with ₹51,000 as the ten-day highest and ₹49,960 as the ten-day lowest for 24-carat gold.
Reasons for the gold price change
Kerala’s gold prices have stayed constant throughout 2021. Various factors cause daily fluctuations in today’s gold prices. The biggest reasons for changes in the gold rate today in Kochi are.
- Demand and supply
- Inflation
- Seasonal Demand
- Changes in the global price
- The central bank’s reserves
- The rate of interest
- Changes in the value of the US dollar
Where to buy gold in Kerala?
Kerala has a huge demand for gold on a global scale. Koduvally is a small town in Kerala that is popular as the “golden city of Kerala” due to the abundance of gold shops. Always look at today’s gold prices before setting out to buy gold. Kerala has one of the nation’s lowest gold prices at the moment. In reality, the state attracts a lot of investors due to the presence of a prominent chain of jewelers.
What to keep in mind while buying gold in Kerala
Gold is a stable investment. It additionally provides loan security. Before giving the jeweler your cash, you must make sure of a few things, whether you are purchasing it as jewelry or coins. Use the following checklist before buying gold.
- Check out the current gold price in Kochi.
- Make sure that the credentials are valid. Always look for the hallmark.
- Never forget to pay the bill.
- Note the conditions of the buy-back.
- Understand the various purity degrees.
Gold as an investment
Gold has consistently been the safest type of investment. In addition to its ornamental uses, gold has been serving people with its investment value. It also provides security for loans. Like the global trend, Kolkata’s gold price has significantly increased recently. But the global economy continues to choose safe assets while avoiding risk. Check today’s gold price to decide for yourself.
Despite the high prices, the present gold rate is unchanged. The value of gold is still significant in modern civilization. It remains crucial to the world economy. The success of gold in protecting wealth over thousands of generations is the main factor in its significance in the modern economy. However, this is not true for currencies denominated in the paper.
Conclusion
Kerala is the biggest consumer of gold in India. The gold rate today in Kochi is the cheapest in India. Buying gold is one of the oldest forms of investment in India. Take a look at today’s gold price and previous decisions and make a good choice in purchasing