Kerala, noted for its natural beauty and modest people, has traditionally seen significant gold consumption in various shapes and patterns. The gold rate in Kerala for today is Rs. 24,600 per 10 grams, which is around $466 as of the time of publishing this post. In other words, the gold rate for Kerala is currently about 40% more expensive than in most countries. The government has been working to lower the prices of jewelry, but there isn’t anything they can do about the global gold market or India’s trade deficit with China. All we can hope for now is that demand slows down and brings prices closer to parity with other countries.
How to invest in gold in Kerala?
If you want to make an investment in gold but are not sure if now is the best time, we recommend waiting for a price drop. If you are purchasing gold jewelry, you can use our free interactive tool that shows the live gold rate today for Kerala. For large quantity purchases or other bulk orders, it’s best to contact a local seller and negotiate a discount. As always, there are also crowdfunding platforms that can help you purchase physical gold at affordable prices. You should thoroughly vet any company/platform before entering into any kind of financial agreement with them, including those that today gold rate kerala offer gold as an investment option.
What are the factors affecting gold prices in Kerala?
As mentioned before, the Indian government is attempting to lower the gold prices in Kerala. The gold rate in Kerala today is higher than what it is in other parts of India by about 40%. But this is not the only reason why gold could be cheaper in other parts of India than Kerala. The following factors are also affecting the today gold rate kerala:
Changing lifestyles and preferences – More Indians are beginning to look at gold as a status symbol and as a store of value. Many people have begun valuing their security and hard assets more highly as they seek to keep up with modern consumer trends. However, this also means that gold prices have been rising.
More Indians are beginning to look at gold as a status symbol and as a store of value. Many people have begun valuing their security and hard assets more highly as they seek to keep up with modern consumer trends. However, this also means that gold prices have been rising.
Poor economic growth – One reason why not many Indians are looking at gold as an investment is because the economy of India is not doing very well. The GDP growth rate for 2017 was around 6% and the unemployment rate has been increasing over the past few years. This means lower disposable income for most people across India, even if they are working full time or self-employed.
Precious metal prices in Kerala were found trading constant at Rs. 48,360/- per 10 grams of 22-carat gold and Rs. 52,760/- per 10 grams of 24-carat gold. Royal Coin also offers the best gold rates in Kerala. Kerala, a state in Southern India, is renowned for its prosperous and advanced economic environment.