Gold prices are increasing day by day in the state. Gold is increasing to the point where common people cannot even touch it. Because of that, the number of gold deposits is also increasing.
Gold Price: Increase in gold prices in Kerala. Today, one Pawan gold is priced at Rs 44,280 in Kerala. 1 gram of gold is priced at Rs 5560 today. Gold price was Rs 44,240 in last 3 consecutive days. The price of gold remained unchanged. But today there was an increase in gold prices.
The local markets fluctuate according to the gold price in the global market. The global gold price today remains at $1956.6 per troy ounce. Currently, there is a drop of 2.04 dollars in the global gold price. Global gold prices have recorded a decline for a consecutive week.
As the wedding season approaches in Kerala, fear is increasing for common people. Gold ornaments are also part of the ritual in Kerala weddings. The bride wears gold ornaments like thali, minna and mahara. Gold is a metal that enchants Indians not only in weddings but also in general. According to the World Gold Council, India is the leading country in the total consumption of gold in the world.
At the same time, there is a trend of investing in gold. People are of the opinion that other investment options are more profitable than keeping jewelry as it increases in value over time. Investments in e-gold and gold ETFs are increasing.
Common people rely on gold jewelery for their sudden financial needs. Selling gold or taking a gold loan is easy. So gold is also a way of investment for common people. But when gold jewelery is sold, it does not fetch the purchase price. We buy gold by paying labor and tax while buying. On the other hand, when selling, the price of 22 carat gold is the same.
is now gaining acceptance like never before. Now there are exclusive stores for silver in all cities and shopping malls. Antique silver jewelery has an unprecedented following. Let’s look at today’s silver rates. Today, 1 gram of silver is priced at Rs 77.70. Silver is trading at Rs 621.60 for 8 grams and Rs 777 for 10 grams today.
