The price of gold is different across Indian states and cities. Forbes Advisor has put together the gold price of one and 10 grams of 24-Carat and 22-Carat pure gold in Kerela today, as of 9:34 pm.
Gold Rate In Kerala (May 10, 2024)
Today 22 Carat Gold Price in Kerala (Per Gram)
Today 24 Carat Gold Price in Kerala (Per Gram)
Gold Rates in Kerala for the Last 10 Days (Per Gram)
Compare 22K & 24K Gold Rate In Kerala (Yesterday & May 10, 2024)
Monthly Graph of Gold Rate in Kerala (22 Carat gold)
Monthly Graph of Gold Rate in Kerala (24 Carat gold)
Gold Rate In India Today: May 10, 2024
Related: Today’s gold price in 10 cities of India.
Where to Buy Gold in Kerala?
Some of the popular ways to gold in Kerala is as follows:
Gold Jewelry and ornaments
Individuals popularly buy gold jewelry or coins at jewelry stores of local jewelers and companies like Titan, Muthoot Finance. Authorized jewelers only sell BIS Hallmarked gold jewelry of desired purity scales. Remember, only those gold jewelry and coins that are hallmarked can be pledged as collateral to obtain a gold loan.
Gold coins and bars
Banks and authorized NBFCs offer individuals to buy gold coins and bars which have 99.5% or higher purity and come with a BIS hallmark. It is more profitable than gold jewelry and ornaments as gold used in the latter is not more than 22-carat purity, and also involves making charges.
Sovereign Gold Bonds (SGBs)
The Reserve Bank of India (RBI) issues SGBs on behalf of the Government of India through authorized banks. SGBs are securities whose value of one unit of gold bond equals one gram of 24-carat purity gold, and the price is calculated on the basis of the weight of gold.
SGBs can be bought via futures contract brokers to buy a predetermined unit of SGBs at a specified time in the future. Up to 4 kgs worth of gold can be bought via SGBs. The cost of SGBs is calculated by taking an average of closing prices of the gold for the latest three working days preceding the subscription period.
Digital gold
The method of buying digital gold online involves include buying:
- Gold Stock, and Gold Exchange Traded Funds (ETFs): Stock exchanges like NSE and BSE facilitate trading of Gold stocks, which can be bought via demat account. Similarly, gold ETFs require investing in mutual fund companies. The value of a gold stock and gold ETFs depend on the performance of the domestic price of the gold in the market.
- Gold accumulation plan: Paytm, PhonePe, and a few other mobile wallets as well as Stock Holding Corporation of India offer gold accumulation plans, which allow investors to buy digital gold upon a low investment.
Related: Alternative ways to invest in gold.
Where to Sell Gold for Cash in Kerala?
Loans against gold jewelry: lending institutions, including banks and NBFCs, provide loans against gold jewelry to owners. It is a secured loan, which fetches owners loans up to 75% LTV ratio depending on the purity, weight, and its current value in the market. Such loans have a short-term repayment tenure ranging from 3 to 36 months. It charges an interest rate, and other charges, on the principal amount when the EMI begins.
Retailers: Gold owners can visit the place of purchase, or take the jewels at accredited gold stores of retailers or stores of jewelry companies, and either sell it to get a loan against a desired amount by presenting the bill of purchase, which has information on gold’s weight, place and date of purchase.
Frequently Asked Questions (FAQs)
What is today’s price of gold in Kerala?
Today’s price of gold in the state of Kerala is INR 4,574 for one gram of pure 24K gold and INR 4,193 for one gram of pure 22K gold.
