Gold Rate in Kerala

About Gold Rate in Kerala

Similarly, personal jewellery and ornaments from Kerala are also known to be intricately designed in attractive patterns. The city houses more than 40,000 gold artisans and over 5,000 jewellers and metal retailers.

This eco-paradise is known to contribute over 20% to India’s gold consumption, and is also an important destination for gold trade, globally.

Gold purchases hit an all-time high during festive seasons, auspicious ceremonies and special occasions like a naming ceremony, weddings, etc. Gold is also a popular wedding gift that often shares the role of an heirloom in many families.

Even though the city is bustling with gold trade all through the year, gold prices keep fluctuating regularly. It can either be due to the demand-supply equations or additional taxes and duties. Other factors include central bank reserves, interest rate trends, fluctuating currency valuation, domestic demand, and gold purity.

Although this state has been historically investing in gold as a commodity, digital gold investments have also carved a niche for themselves, here. They offer the convenience of investing in the precious metal of high purity, at the convenience of just a click. These can be easily converted into tangible forms and offer secure storage for the same.