1 gm 24 Carat Gold Price in Kerala
Introduction
Gold has always been a prized possession in Indian culture, and Kerala is no exception. The state has a rich tradition of gold ornamentation, with intricate designs and exquisite craftsmanship. The price of gold, however, can fluctuate greatly depending on various factors such as demand, supply, and market conditions. In this article, we will explore the current price of 1 gm 24 carat gold in Kerala.
What is 24 Carat Gold?
Before we dive into the prices, it's essential to understand what 24 carat gold is. 24 carat gold, also known as 999 gold, is the purest form of gold available in the market. It contains 99.9% gold and is considered the highest quality gold used in jewelry and ornaments. The high purity of 24 carat gold makes it more expensive than other types of gold, such as 22 carat or 18 carat.
Current Price of 1 gm 24 Carat Gold in Kerala
As of [current date], the price of 1 gm 24 carat gold in Kerala is ₹ 4,840 per gram. This price is subject to change based on market fluctuations and may vary depending on the city, location, and other factors.
Factors Affecting Gold Prices in Kerala
The price of gold in Kerala can be influenced by several factors, including:
Global Demand and Supply
The global demand and supply of gold can impact its price. If there is a high demand for gold, its price tends to increase, and vice versa.
Rupee-Dollar Exchange Rate
The exchange rate between the Indian rupee and the US dollar can also affect gold prices. A weaker rupee can lead to higher gold prices, and a stronger rupee can lead to lower prices.
Taxes and Duties
The taxes and duties imposed by the government on gold imports can also influence its price.
Local Demand and Seasonality
The local demand for gold in Kerala can be affected by seasonal festivals and occasions, such as weddings and Onam. During these periods, the demand for gold increases, leading to higher prices.
Where to Buy 24 Carat Gold in Kerala
If you're looking to purchase 24 carat gold in Kerala, you can visit various jewelry shops and retail stores across the state. Some popular options include:
Malabar Gold & Diamonds
Malabar Gold & Diamonds is one of the largest jewelry retail chains in Kerala, with a wide range of 24 carat gold ornaments and jewelry.
Kalyan Jewelers
Kalyan Jewelers is another well-known jewelry retailer in Kerala, offering a variety of 24 carat gold jewelry and ornaments.
Tanishq
Tanishq is a popular jewelry brand in Kerala, offering a range of 24 carat gold jewelry and ornaments.
Conclusion
In conclusion, the current price of 1 gm 24 carat gold in Kerala is ₹ 4,840 per gram. The price can fluctuate based on various market and economic factors. If you're planning to purchase 24 carat gold in Kerala, make sure to check the prices at various jewelry shops and retail stores to get the best deal.
