Gold rates in Thiruvananthapuram
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
Investing in gold remains a time-honored tradition, with its appeal enduring despite the emergence of numerous other investment avenues. The allure of gold has not waned; instead, it continues to be a sought-after asset, driving the gold rates in various cities, including Thiruvananthapuram.
The affection for this precious yellow metal runs deep in Indian culture, with gold jewelry being an essential part of attire at weddings and numerous other ceremonies and functions.
For those interested in keeping abreast of the current financial landscape regarding this precious metal, gaining insights into the live gold rates in Thiruvananthapuram is crucial.
This article serves as a guide to understanding today's gold prices in Thiruvananthapuram, offering a snapshot of the market for potential investors and consumers looking to make informed decisions about their gold purchases.
Investing in gold remains a time-honored tradition, with its appeal enduring despite the emergence of numerous other investment avenues. The allure of gold has not waned; instead, it continues to be a sought-after asset, driving the gold rates in various cities, including Thiruvananthapuram.
The affection for this precious yellow metal runs deep in Indian culture, with gold jewelry being an essential part of attire at weddings and numerous other ceremonies and functions.
For those interested in keeping abreast of the current financial landscape regarding this precious metal, gaining insights into the live gold rates in Thiruvananthapuram is crucial.
This article serves as a guide to understanding today's gold prices in Thiruvananthapuram, offering a snapshot of the market for potential investors and consumers looking to make informed decisions about their gold purchases.
24K Gold Rates Per Gram in Thiruvananthapuram
Grams
Today
Yesterday
02 years
₹15,000
₹4.1 Lakhs
05 years
₹15,000
₹12.4 Lakhs
10 years
₹15,000
₹34.9 Lakhs
15 years
₹15,000
₹75.7 Lakhs
22K Gold Rates Per Gram in Thiruvananthapuram
24K Gold Rates Per Gram in Thiruvananthapuram
Grams
Today
Yesterday
1 Gram
₹15,000
₹4.1 Lakhs
₹15,000
8 Gram
₹15,000
₹12.4 Lakhs
₹15,000
10 Gram
₹15,000
₹34.9 Lakhs
₹15,000
12 Gram (1 Tola)
₹15,000
₹75.7 Lakhs
₹15,000
22K Gold Rates Per Gram in Thiruvananthapuram
Grams
Today
Yesterday
1 Gram
₹15,000.00
₹15,000.00
8 Gram
₹15,000
₹15,000.00
10 Gram
₹15,000
₹15,000.00
12 Gram (1 Tola)
₹15,000
₹15,000.00
Factors Affecting Gold rates in Thiruvananthapuram
Understanding the factors behind gold price fluctuations is essential, especially for those interested in the gold market in Thiruvananthapuram. Here are some key influences:
Demand and Supply Dynamics:
The interplay of demand and supply significantly impacts gold rates in Thiruvananthapuram. Prices tend to rise with high demand coupled with low supply.
Interest Rate Correlation:
Gold prices and interest rates share an inverse relationship. Typically, as interest rates increase, the allure of holding gold diminishes, leading to lower gold prices.
Jewelry Market Demand:
In India, gold jewelry plays a pivotal role in cultural and festive occasions, such as weddings. This substantial demand within traditional settings contributes to the overall gold consumption.
Inflation Hedge:
Gold is often seen as a safe haven during times of inflation, which erodes the value of currency. As inflation escalates, more people turn to gold as a protective investment, boosting its price.
Government Gold Reserves:
The Indian government, through the Reserve Bank of India, holds and manages gold reserves, affecting the market by buying or selling gold, which in turn influences gold prices.
Currency Value Fluctuations:
Since gold is internationally traded in US dollars, any change in the USD to INR exchange rate directly affects gold import costs and, subsequently, its selling price in India, including daily price variations.
Impact of Import Duty:
Given India's minimal gold production yet high consumption, import duties on gold significantly affect its retail pricing. India's status as a major global gold consumer means that these duties play a crucial role in determining daily gold prices in Thiruvananthapuram and beyond.
Understanding the factors behind gold price fluctuations is essential, especially for those interested in the gold market in Thiruvananthapuram. Here are some key influences:
Demand and Supply Dynamics:
The interplay of demand and supply significantly impacts gold rates in Thiruvananthapuram. Prices tend to rise with high demand coupled with low supply.
Interest Rate Correlation:
Gold prices and interest rates share an inverse relationship. Typically, as interest rates increase, the allure of holding gold diminishes, leading to lower gold prices.
Jewelry Market Demand:
In India, gold jewelry plays a pivotal role in cultural and festive occasions, such as weddings. This substantial demand within traditional settings contributes to the overall gold consumption.
Inflation Hedge:
Gold is often seen as a safe haven during times of inflation, which erodes the value of currency. As inflation escalates, more people turn to gold as a protective investment, boosting its price.
Government Gold Reserves:
The Indian government, through the Reserve Bank of India, holds and manages gold reserves, affecting the market by buying or selling gold, which in turn influences gold prices.
Currency Value Fluctuations:
Since gold is internationally traded in US dollars, any change in the USD to INR exchange rate directly affects gold import costs and, subsequently, its selling price in India, including daily price variations.
Impact of Import Duty:
Given India's minimal gold production yet high consumption, import duties on gold significantly affect its retail pricing. India's status as a major global gold consumer means that these duties play a crucial role in determining daily gold prices in Thiruvananthapuram and beyond.
Historical Gold Rates in India for the Last 10 Days
DAY
22K Gold
24K Gold
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
Historical Gold Rates in India for the Last 10 Days
DAY
22K Gold
24K Gold
31 Dec 2023
₹63,305.00
0.00%
₹63,305.00
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305.90
0.00%
₹63,305.00
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
How is the purity of gold calculated in Thiruvananthapuram?
In Thiruvananthapuram, the gold rate and the purity of the metal are determined following the guidelines of the Indian Bullion Association, which mandates that all gold products bear a hallmark of purity.
The cost of gold in Thiruvananthapuram, similar to other cities, is influenced by global market trends. Although India does not produce its own gold, external economic shifts and market fluctuations heavily impact the nation's gold prices.
Such international factors significantly affect the buying power of both the importers and the general population in Thiruvananthapuram.
In Thiruvananthapuram, the gold rate and the purity of the metal are determined following the guidelines of the Indian Bullion Association, which mandates that all gold products bear a hallmark of purity.
The cost of gold in Thiruvananthapuram, similar to other cities, is influenced by global market trends. Although India does not produce its own gold, external economic shifts and market fluctuations heavily impact the nation's gold prices.
Such international factors significantly affect the buying power of both the importers and the general population in Thiruvananthapuram.
Necessary Documentation for Gold Investment in Thiruvananthapuram
Required documentation for gold investment:
For investments exceeding Rs. 2 lakhs, presenting your PAN card along with a valid address proof is necessary.
To invest in Gold ETFs (Electronic Traded Funds), opening both a brokerage and a Demat account with the firm selling the ETFs is required.
Investments in SGBs (Sovereign Gold Bonds) and digital gold demand minimal paperwork and do not require a Demat account.
Investing in gold mutual funds necessitates having a brokerage and a Demat account.
Required documentation for gold investment:
For investments exceeding Rs. 2 lakhs, presenting your PAN card along with a valid address proof is necessary.
To invest in Gold ETFs (Electronic Traded Funds), opening both a brokerage and a Demat account with the firm selling the ETFs is required.
Investments in SGBs (Sovereign Gold Bonds) and digital gold demand minimal paperwork and do not require a Demat account.
Investing in gold mutual funds necessitates having a brokerage and a Demat account.
Gold Rates in Top cities
CITY
22K Gold
24K Gold
Delhi
₹65,000
0.00%
₹65,000
0.00%
Kolkata
₹65,000
0.00%
₹65,000
0.00%
Mumbai
₹65,000
0.00%
₹65,000
0.00%
Chennai
₹65,000
0.00%
₹65,000
0.00%
Jaipur
₹65,000
0.00%
₹65,000
0.00%
Key Factors to Consider When Purchasing Gold in Thiruvananthapuram
Key considerations before purchasing gold include:
Purity Levels:
While 24K gold is considered pure, its lack of malleability often requires it to be alloyed with other metals for practical use, leading to varieties such as 22K, 18K, and 14K gold.
Price per Gram:
Gold prices vary daily and by location. It's crucial to check current rates, such as today's 22-carat and 18-carat gold prices per gram in Thiruvananthapuram, before making a purchase.
Buy-back Terms:
In fluctuating markets, selecting sellers who offer favorable buy-back terms at current market prices is advisable. Some sellers may also offer buy-back or exchange based on weight, deducting making charges, to capitalize on the day's gold rates.
Certification:
The Bureau of Indian Standards (BIS) certifies gold in Thiruvananthapuram. The widely recognized 916 hallmark indicates that out of every 100 grams of the alloy, 91.6 grams are pure gold, equivalent to 22K gold.
Making Charges:
The retail price of gold jewellery in Thiruvananthapuram exceeds the current rate for 916 gold due to added making charges.
Key considerations before purchasing gold include:
Purity Levels:
While 24K gold is considered pure, its lack of malleability often requires it to be alloyed with other metals for practical use, leading to varieties such as 22K, 18K, and 14K gold.
Price per Gram:
Gold prices vary daily and by location. It's crucial to check current rates, such as today's 22-carat and 18-carat gold prices per gram in Thiruvananthapuram, before making a purchase.
Buy-back Terms:
In fluctuating markets, selecting sellers who offer favorable buy-back terms at current market prices is advisable. Some sellers may also offer buy-back or exchange based on weight, deducting making charges, to capitalize on the day's gold rates.
Certification:
The Bureau of Indian Standards (BIS) certifies gold in Thiruvananthapuram. The widely recognized 916 hallmark indicates that out of every 100 grams of the alloy, 91.6 grams are pure gold, equivalent to 22K gold.
Making Charges:
The retail price of gold jewellery in Thiruvananthapuram exceeds the current rate for 916 gold due to added making charges.
FAQs on Gold Rates in Thiruvananthapuram
What is the current rate of gold in Thiruvananthapuram?
The live gold rate in Thiruvananthapuram varies daily due to market fluctuations. Please check a reliable financial news website or local jeweler for the most up-to-date rate.
How is the gold rate in Thiruvananthapuram determined?
The gold rate in Thiruvananthapuram is influenced by international market trends, the Indian Bullion Association's guidelines, currency exchange rates, and local demand and supply dynamics.
Does the gold rate in Thiruvananthapuram differ from other cities in India?
Yes, gold rates can slightly vary between cities due to local taxes, transportation costs, and the demand-supply balance in each city.
What are the best sources to check for live gold rates in Thiruvananthapuram?
Trusted financial news websites, the Indian Bullion and Jewellers Association, and reputable local jewelers are reliable sources for checking live gold rates.
Are there different rates for 22K and 24K gold in Thiruvananthapuram?
Yes, 24K gold is purer and therefore more expensive than 22K gold, which contains other metals for added durability. The rates for both vary and should be checked separately.
What is the current rate of gold in Thiruvananthapuram?
The live gold rate in Thiruvananthapuram varies daily due to market fluctuations. Please check a reliable financial news website or local jeweler for the most up-to-date rate.
How is the gold rate in Thiruvananthapuram determined?
The gold rate in Thiruvananthapuram is influenced by international market trends, the Indian Bullion Association's guidelines, currency exchange rates, and local demand and supply dynamics.
Does the gold rate in Thiruvananthapuram differ from other cities in India?
Yes, gold rates can slightly vary between cities due to local taxes, transportation costs, and the demand-supply balance in each city.
What are the best sources to check for live gold rates in Thiruvananthapuram?
Trusted financial news websites, the Indian Bullion and Jewellers Association, and reputable local jewelers are reliable sources for checking live gold rates.
Are there different rates for 22K and 24K gold in Thiruvananthapuram?
Yes, 24K gold is purer and therefore more expensive than 22K gold, which contains other metals for added durability. The rates for both vary and should be checked separately.
Gold Rates in Top cities
City
22k Gold
24k Gold
Delhi
₹15,000.00
₹15,000.00
₹15,000.00
₹15,000.00
Kolkota
₹15,000
₹15,000.00
₹15,000.00
Mumbai
₹15,000
₹15,000.00
Chennai
₹15,000
₹15,000.00
Jaipur
₹15,000
₹15,000.00
Author
Harish Malhi
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