Gold Rate In Malappuram

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Gold Rate in Malappuram

In the Malappuram district there is a place called Nilambur. This is an interesting place because it is said to form a part of the much sought after Wynad goldfields. The place gold is divided in 2 primary zones with auriferous gravels in this region called ‘Pandipuzha-Chiyarpuzha zone’ and ‘Punnapuzha-Maruthapuzha zone’. the possibility of a golden gravel reserve of approximately 85 lakh cubic meters has been expected to be laying there. Due to the ever-increasing gold import costs in India the exploitation of this sort of deposit is being scrutinized by the nation’s Government. This place might end up being the gold hub someday, but as of today, we do not yet have the Road to this El Dorado in India.

Gold Rate Trend in Malappuram for January 2020 to March 2020 (per gram of 24 karat gold)

Quarterly Gold Rate in Malappuram from January 2020 to March 2020:

• The year had started with gold recording a price of Rs.4,023 per gram on 1 January in Malappuram. The rate of the yellow metal had seen a hike in its price during the month of January by 4.15%. The rates of the precious metal had skyrocketed during the first week and had finally settled at its highest rates on two days in January. On 9 January and 31 January, the metal was being sold at Rs.3,806 per gram. A lot of the traders had then started to take refuge in the bullion market as tensions had started to brew in the Middle East. The impeachment inquiry by the U.S. President had also been a factor that had driven this move. These traders invested in the gold bullion market and by 16 January, gold was priced at Rs.3,890 per gram. The prices had stayed the same six consecutive days (16 January to 21 January). During these days, the price of the yellow metal had been Rs.3,906. The rates of the precious metal had increased to Rs.3,922 on 22 January. After the metal had shown an incline in its price, gold closed curtains on 31 January, being priced at Rs.3,964 per gram.
• The yellow metal had stepped its foot into February and stood at Rs.3,964 per gram. The price of the metal had remained stagnant till 3 February. The metal had then witnessed a dip in its price and was being sold at Rs.3,927 per gram on 6 February. By 11 February, Malappuram had seen the price of the metal reach Rs.3,959 per gram. The rates had remained the very same until 13 February (for 3 days). The rates had then hiked up because a lot of coronavirus cases had been started to be reported in the world. On 14 February, the prices of the metal had increased to Rs.3,980 per gram and the rates had remained the very same till 15 February. The yellow metal had seen an increase in its price by 19 February and stood at Rs.3,990 per gram. The rates of the yellow metal had then increased to Rs.4,027 per gram by 20 February. On 21 February, the rates of one gram of the metal had hiked up to Rs.4,053 per gram. A price of Rs.4,174 per gram had been recorded on 25 February. This was the highest price that the metal had recorded in February. This month had then closed with gold selling at Rs.4,153 per gram by 29 February.
• In Malappuram, the price of the metal had dropped and from Rs.4,074 per gram on the first day of the month to Rs.3,969 per gram by 31 March. This had been a fall of 2.5%. This dip in rates is due to the fear of the coronavirus. On 3 March, the price had reached Rs.4,085 per gram. The rates of the metal had touched Rs.3,885 per gram by 18 March and this had been the lowest rate that the metal had recorded during the month of March. This fall in the rate of the yellow metal had been because the traders liquidated their positions in the metal. The move had been made by them in spite of all central banks across the world making efforts to fight the pandemic. The traders had started to fear an economic fallout. By 22 March and also on 23 March, the rates of gold had been Rs.3,990 per gram. The next eight days had seen the price of the precious metal stay the same. From 24 March to 31 March, the rates had been the same. The rates had been Rs.3,969 per gram on these days.

Gold Rate Trend in Malappuram for October 2019 to December 2019 (per gram of 24 karat gold)

Quarterly Gold Rate in Malappuram from October 2019 to December 2019:

• In Malappuram, gold saw a major incline in its prices attributing to the ongoing tensions between the United States of America and China. The price of the metal opened the month at Rs.3,665 per gram and fluctuated throughout the month. However, at the end of the month, as the tensions persisted, traders shifted from the stock market to the bullion. The yellow metal was priced at its highest between 25 October to 30 October at Rs.3,764 per gram, closing at Rs.3,773 per gram.
• As the tensions between China and the United States of America eased with China inviting U.S. officials to their country to discuss the first phase of the deal, gold prices got hit. Investors, due to positive stock market trends and a rising dollar, shifted back to the market. Opening the month at Rs.3,749 per gram, the highest price of the metal was on 3 November and 4 November at Rs.3,780 per gram. However, by the end of the month, the price of the metal had decreased to Rs.3,701 per gram with a percentage decline of 1.28.
• In December, gold prices turned around recording an incline of 2.09% when compared to the previous month. Opening at Rs.3,728 per gram, the metal’s price was steady in the first three weeks of the month. However, with the tensions between Iran and the United States of America rising, the traders shifted to the bullion amidst a fragile market and a weak dollar. With United States President Donald Trump getting impeached, the price of the metal almost hit 7-year highs. The price closed the month at Rs.3,806 per gram with a percentage incline of 2.09%.

Gold Rate Trend in Malappuram for July 2019 to September 2019 (per gram of 24 karat gold)

Gold Rate Trend in Malappuram for April 2019 to June 2019 (per gram of 24 karat gold)

Gold Rate Trend in Malappuram for January 2019 to March 2019 (per gram of 24 karat gold)

Gold Rate Trend in Malappuram for January 2019:

• Interest in bullion picked up during the course of the month as overseas cues and a fluctuating U.S. dollar boosted demand after gold prices in Malappuram opened at Rs.3,077 per gram.
• Fears over the impact of Brexit and the U.S.-China trade war reduced risk sentiment as gold surged to Rs.3,124 per gram on 6 January, continuing to climb to Rs.3,140 per gram on 11 January.
• Gold remained steady despite a rising U.S. dollar rate on indications of a rate hike pause, trading at Rs.3,176 per gram on 17 January as local demand kept prices steady.
• A brief drop to Rs.3,161 per gram from 24-26 January as equities steadied was offset by renewed Sino-U.S. trade sanction fears, as the precious metal surged to Rs.3,229 per gram on 31 January.

Gold Rate Trend in Malappuram for February 2019:

• After opening unchanged at Rs.3,229 per gram, gold rates in Malappuram surged to Rs.3,266 per gram from 5-7 February on steady local demand despite a fall in overseas offtake due to rising equity investments.
• The U.S. dollar gained as investors were rattled by global trade turmoil as the precious metal fell to Rs.3,224 per gram on 13 February but prices recovered to Rs.3,255 per gram on 19 February on increased local retail sales.
• Despite indications of an interest rate hike by the Fed, gold rose to Rs.3,302 per gram on 21 February as industrial and jeweller demand propped up prices, though volatility was rampant.
• Demand remained stagnant as local trade volumes failed to boost prices, resulting in the metal dropping to Rs.3,260 per gram on 23 February before marginally rising to Rs.3,271 per gram on 28 February.

Gold Rate Trend in Malappuram for March 2019:

• Sluggish local and overseas bullion demand saw gold prices in Malappuram open at Rs.3,255 per gram and steadily drop as investors favoured riskier assets, with gold slipping to Rs.3,129 per gram on 8 March.
• Robust U.S. jobs data and positive indications from China bolstered global equities as the yellow metal’s value dropped to Rs.3,124 per gram on 16 March, despite the dollar rate stagnating.
• With no change in interest rates, the U.S. dollar was dented and bullion’s appeal rose as gold rose to Rs.3,140 per gram on 21 March.
• Prices plunged to Rs.3,098 per gram on 29 March as the delayed Brexit vote and a resolution to the Sino-U.S. trade crisis appeared imminent, though the metal recovered to end the month at Rs.3,113 per gram.

Gold Rate Trend in Malappuram for October 2018 to December 2018 (per gram of 24 karat gold)

Gold Rate Trend in Malappuram for October 2018:

• Gold was priced at Rs.2,987 per gram when trading began for the month of October. During the month, the metal recorded high demand for gold as the trade war between US and China intensified causing volatility in the market.
• However, as the dollar declined and local demand was also high, gold rates continued to rise over the next few days.
• On 25 October, the gold price in Malappuram rose to Rs.3,119 per gram, the highest poit for the month.
• When the month ended, gold was priced at Rs.3,108 per gram as the price of the yellow metal rose by 4.05% for the month.

Gold Rate Trend in Malappuram for November 2018:

• In November, gold opened at Rs.3,098 per gram but rates fell rapidly as demand declined due to a rise in the value of the dollar in correspondence to other currencies.
• The rupee too began to lose ground as the dollar rose, causing the price of the metal in the city to plummet further.
• Gold rates were on a gradual decline and hit its lowest point on 30 November when it stood at Rs.2,977 per gram.
• The month ended at Rs.2,977 per gram the value of the metal dipped by 3.90% negating all the gained achieved during the previous month.

Gold Rate Trend in Malappuram for December 2018:

• After the declining trend of gold rates in the previous month, December turned out to a positive period for gold.
• On the 1st of December, gold traded at Rs.2,966 per gram and a trade crisis in the US helped demand for safe-haven assets to rise.
• The start of the month recorded the lowest gold rates while the highest point for the metal was on 12 December when the metal stood at Rs.3,108 per gram.
• The month ended with gold trading at Rs.3,092 per gram, a 4.24 incline in prices in comparison to the previous month.

Gold Rate Trend in Malappuram for July 2018 to September 2018 (per gram of 24 karat gold)

Gold rate in Malappuram for July 2018

• When trading for gold commenced on 1 July, the price of the precious metal stood at Rs.2,951 per gram. Amid poor trend overseas, the demand for the metal was poor.
• In the following days, the price of gold inclined as the demand for the metal inclined from industrial units and retailers.
• On 11 July, gold hit a monthly high of Rs.2,993 per gram as the demand picked up.
• However, gold prices quickly declined in the following days as the value of the US dollar increased compared to a basket of apex currencies.
• Gold closed at Rs.2,903 per gram on 31 July. This was also the lowest gold rate recorded for the month.
• Overall, the trend of gold rates in Malappuram declined by 1.62% for the month of July.

Gold rate in Malappuram for August 2018

• Gold continued to trade at Rs.2,903 per gram on 01 August 2018. As the demand for the precious metal remained steady, prices remained unaffected on the first day of the month.
• The US employment data was released in the following days of the month and the value of the US dollar increased which pushed gold rates to fall in Malappuram.
• The lowest gold price for the month of July was recorded on 4 August when the price of the metal fell to Rs.2,877 per gram.
• The price of the metal further fell in the following data due to the ongoing political tension.
• Gold prices managed to rebound and hit a monthly high of Rs.2,966 per gram on 31 August.
• Though gold prices kept fluctuating throughout the month, the overall trend of gold rates in Malappuram for the month of August was an incline of 2.17%.

Gold rate trend in Malappuram for September 2018

• Gold opened at Rs.2,956 per gram when trading for the metal commenced in September.
• On account of the festive season, gold rates in Malappuram surged in the following days.
• Though the demand for the metal remained steady, the price of the metal fell and hit a monthly low of Rs.2,945 per gram on 04 September.
• As the value of the US Dollar declined compared to other currencies, gold rates surged and hit a monthly high of Rs.3,014 per gram on 20, 21, 26, and 27 September.
• Gold closed at Rs.2,987 per gram and recorded an incline of 1.04% for the month of September.

Gold Rate Trend in Malappuram for April to June 2018 (per gram of 24 karat gold)

Gold Rate Trend in Malappuram for April 2018

• As the month began, gold prices were steady in Malappuram on consistent demand from retailers as well as industry and jewellers.
• Favourable market conditions resulted in the metal trading at Rs.2,966 per gram on 1 April, the lowest price for the month.
• Unstable equity markets and escalating tensions with China led to U.S. markets falling, as investors looked to gold as a steadying influence.
• Prices gradually rose during the month before reaching a monthly high of Rs.3,056 per gram on 20 April before settling at Rs.3,050 per gram on 30 April.

Gold Rate Trend in Malappuram for May 2018

• The gold rate in Malappuram was on the decline during the month as local demand fell due to the strengthening dollar.
• The precious metal opened the month at Rs.3,050 per gram and maintained a steady rate before a rally by the dollar led to demand for the metal dropping sharply.
• Fears of a global trade war and economic slowdown due to the tariffs being imposed by United States and China led to markets being shaky, but interest in gold was poor.
• Geopolitical tensions in America as well as across Europe caused markets to be volatile, but gold gains were capped by the rising dollar.
• Prices fell towards the end of the month, as gold traded at Rs.3,040 per gram on sluggish demand.

Gold Rate Trend in Malappuram for June 2018

• Gold prices in June were on the decline as the rising dollar coupled with a bullish market capped gold gains.
• The yellow metal trade at Rs.3,040 per gram when trading opened for the month, before plunging to Rs.2,998 per gram on 4 June due to the well-performing dollar.
• The summit between the leaders of the U.S. and North Korea was touted as a success, which further bolstered the dollar rate as gold prices tumbled on poor local and industrial demand.
• Prices rose to Rs.3,019 per gram on 16 June over fears of an economic slowdown in China due to the trade tariffs.
• Declining interest from overseas and local markets resulted in gold prices falling to Rs.2,972 per gram on 30 June.

Gold Rate Trend in Malappuram for January 2018 to March 2018 (per gram of 24 karat gold)

Gold Rate Trend in Malappuram for January 2018:

• The first quarter of the year began with gold rates in Malappuram holding at Rs.2,924 per gram on the 1st with subdued but steady domestic demand amid the strengthening US dollar.
• The US dollar index rose against a basket of other major currencies amid rising equities in the international market. This led to gold rates plunging to Rs.2,909 per gram on the 5th amid the poor trend overseas.
• However, the next couple of weeks saw gold prices greatly influenced by the poor US jobs data that pushed the dollar lower.
• On the 25th, gold was recorded trading at Rs.3,015 per gram - the highest recorded monthly figure - with investors gravitating on safe-haven assets such as the bullion as a move to hedge against inflation concerns.
• The month came to an end with the precious metal trading at Rs.2,940 per gram on the last day as the dollar rose ahead of the US Federal Reserve’s monetary policy meeting.

Gold Rate Trend in Malappuram for February 2018:

• The second month commenced with gold priced at Rs.2,961 per gram with the bullion capitalising on the back of the weakened US greenback and losing equities.
• However, an increase in the dollar values brought about by a stronger-than-expected inflation data led to gold rates plummeting to Rs.2,919 per gram on the 8th. This was also the lowest recorded monthly figure in Malappuram.
• Steady domestic demand coupled with weak global cues led to gold rates holding firm at Rs.2,919 per gram until the 12th.
• Thanks to an increase in investor demand over the next few days, gold prices surged to Rs.2,993 per gram - the highest recorded monthly figure - on the 19th.
• Trading closed for the month with gold rates holding at Rs.2,956 per gram on the last day and Malappuram registered a loss of 0.16% in bullion trade during the course of the month.

Gold Rate Trend in Malappuram for March 2018:

• Gold prices in Malappuram were recorded holding at Rs.2,956 per gram, when trading began for the final month of the quarter.
• Poor dollar performances coupled with losing equity markets led to gold rates improving over the next few weeks.
• However, with the US employment data reporting an incline in the number of jobs supporting the US economy, gold rates dropped to Rs.2,945 per gram on the 16th.
• Poor domestic demand compounded by weak trends overseas led to gold prices remaining unaltered at Rs.2,945 per gram until the 19th.
• With the dollar on a decline amid the poorly performing US equities, demand for the bullion picked up towards the end of the month.
• Trading concluded with the yellow metal priced at Rs.2,966 per gram on the 31st and Malappuram recorded a profit of 0.33% in bullion trade during the month.

Gold Rate Trend in Malappuram for October 2017 to December 2017 (per gram of 24 karat gold)

Gold Rate Trend in Malappuram for October 2017:

• The month began with the bullion trading at Rs.2,954 per gram on the 1st amid firm trends overseas.
• A decline in domestic demand by local jewellers, industries and retailers despite the ongoing festive season led to gold prices declining to Rs.2,942 per gram on the 7th.
• However, with diplomatic relations between the US and North Korea deteriorating, gold rate in Malappuram surged to Rs.2,977 per gram on the 12th.
• Prices continued to rise due to the increased buying by local jewellers and retailers with the imminent arrival of the festive season. The precious metal was recorded trading at Rs.2,989 per gram on the 17th.
• However, with the US greenback regaining lost ground and the equities market performing well against the commodities, gold rate in Malappuram declined to Rs.2,952 per gram on the 28th.
• The month concluded with the bullion trading at Rs.2,942 per gram amid the poor overseas trends.
• Malappuram registered a loss of 0.40% in gold trade due to the strong US dollar index that pushed demand lower for the metal during the course of the month.

Gold Rate Trend in Malappuram for November 2017:

• Gold was priced at Rs.2,942 per gram when the month began in Malappuram.
• Poor global trends brought about by the strong US dollar index and firmer equity markets led to gold ratein Malappuram declining to Rs.2,932 per gram on the 4th.
• The rising tensions in the Middle East resulted in an increased demand for safe-haven such as gold during the month. This led to the precious metal being priced at Rs.2,941 per gram on the 7th.
• On the 18th, gold prices were recorded at Rs.2,986 per gram with the US greenback losing against other major emerging currencies amid the ongoing US-North Korea conflicts.
• The US dollar, however, regained lost ground as the month progressed simultaneously bringing down gold rates to Rs.2,955 per gram on the 23rd.
• When the month ended, the bullion was recorded trading at Rs.2,937 per gram on the 31st with Malappuram registering a loss of 0.16% in gold trade during the course of the month.

Gold Rate Trend in Malappuram for December 2017:

• The last month of the quarter opened with the yellow metal trading at Rs.2,921 per gram on the 1st.
• Prices plunged to Rs.2,877 per gram on the 8th which dropped further to Rs.2,816 per gram on the 9th. The reason for the decline in prices was strongly due to a rise in the US dollar with the approval of the Republican tax bill by the US Senate.
• Gold rates in Malappuram continued to decline as the month progressed with the greenback strengthening ahead of the US Federal Reserve’s monetary policy during the month.
• On the 16th, the precious metal was recorded trading at Rs.2,816 per gram amid the poor overseas trends.
• However, the Fed rate hike seemed to backfire on the country’s economy and gold was priced at Rs.2,858 per gram on the 24th.
• With the Asian stocks failing against the new US tax cuts, gold rates surged to Rs.2,909 per gram on the 29th.
• Steady domestic demand coupled with firm global trends resulted in prices remaining untouched at Rs.2,909 per gram for the remainder of the week.
• Malappuram recorded a decline of 0.41% in gold rates during the course of the month.

Gold Rate Trend in Malappuram for July 2017 to September 2017 (per gram of 24 karat gold)

Gold rate trend in Malappuram for July 2017

• Gold prices opened at Rs.2,930 per gram, when trading commenced for the month of July.
• Rates surged to Rs.2,970 per gram - the highest recorded monthly figure - on the 3rd, as demand for the metal whirled in the in the global commodity market.
• The 14th witnessed gold trade plummeting with prices hitting their lowest monthly figure of Rs.2,796 per gram. This was due to the dollar performing strongly against other major emerging currencies.
• Gold rates in Malappuram, however, surged on the 27th as demand for the metal surged with the US-North Korean relations worsening, and the precious metal was trading at Rs.2,860 per gram.
• The month ended with the yellow metal trading at Rs.2.872 per gram, courtesy of the poorly performing dollar.
• Gold rates in Malappuram declined by 1.97% as local demand declined despite positive global cues.

Gold rate trend in Malappuram for August 2017

• The month of August began with the precious metal trading at Rs.2,882 per gram in Malappuram.
• Global demand declined for the metal as the US Federal Reserve meeting pushed the dollar higher. This led to gold rates dropping to Rs.2,840 per gram on the 5th.
• Safe-haven investments saw an increase, with tensions rising between the US and North Korea, pushing gold prices higher to Rs.2,924 per gram on the 11th.
• Positive international trends coupled with steady demand for the metal resulted in the yellow metal prices rising to Rs.2,958 per gram on the 30th. This was also the highest recorded monthly figure in the city.
• When trading concluded for the month, gold was priced at Rs.2,941 per gram on the 31st.
• Increased demand coupled with geopolitical tensions around the world resulted in gold rates in Malappuram incline at 2.04% in Malappuram.

Gold rate rend in Malappuram for September 2017

• The yellow metal was priced at Rs.2,941 per gram on the 1st, when the month began.
• Global markets tanked as the news about North Korea’s successful two-stage thermonuclear weapon broke out. This led to an increase in safe-haven investments around the world, pushing gold prices up to Rs.3,038 per gram on the 9th.
• However, prices declined with the US economy recovering over the next few days, and gold was trading at Rs.2,961 per gram on the 21st.
• But, local demand surged with the arrival of Dussehra pushing festive sales higher. This led to the yellow metal prices rising to Rs.2,975 per gram on the 27th.
• The last day witnessed the precious metal trading at Rs.2,954 per gram, owing to a strong dollar coupled with firmer equities market.
• Malappuram saw gold rates in Malappuram incline at 0.44% with arrival of the festive season, and rising tensions in the Korean peninsula pushing demand higher for the metal.

Gold Rate Trend in Malappuram for April 2017 to June 2017 (per gram of 24 karat gold)

Gold rate trend in Malappuram for April 2017

• The gold rates in Malappuram fluctuated in the month of April, opening at Rs.2,920 per gram on 1 April.
• The falling U.S. dollar rates contributed to an increase in demand for gold making it Rs.2,965 per gram on 12 April.
• The steady local demand and fluctuating European market further increased the gold rates to Rs.2,990 per gram on 19 April.
• Gold was traded at Rs.3,000 per gram on 22 and 23 April, the highest rates for the month of April.
• As the U.S. dollar rates started recovering, a decline in demand for gold decreased the prices to Rs.2,935 per gram on 30 April.
• Though the prices fluctuated during the month, gold rates trended at 0.51% increase in value for April.

Gold rate trend in Malappuram for May 2017

• Opening at Rs.2,935 per gram on 1 May, the gold rates fluctuated and declined for the month of May.
• French presidential election, 2017 caused a sharp decline in demand for gold as the markets grew stronger dropping the yellow metal’s prices to Rs.2,865 per gram from 11 to 15 May.
• New GST norms impacted bullion rates leading to a subdued demand from the local markets, gold rates fell to Rs.2,865 per gram on 11 May.
• Though the demand started diminishing from the international markets, local markets demanded gold due to weak U.S. dollar rates, the rates increased to Rs.2,925 per gram on 23 May.
• Being impacted by various factors, the yellow metal traded at Rs.2,915 per gram on 31 May showing an overall decline of -0.68% in gold rates for the month of May.

Gold rate trend in Malappuram for June 2017

• Opening at Rs.2,915 per gram on 1 June, the gold rates showed an incline in the demand for gold.
• Fluctuating U.S. dollar rates led to an increase in demand for gold, priced at Rs.Rs.2,945 per gram between 7 to 14 June, the rates remained more or less steady in spite of diminishing demand from the local markets.
• Gold traded at Rs.2,885 per gram on 19 June as international markets became steady.
• The increased demand from the local markets rose the prices to Rs.2,930 per gram on 30 June as gold prices were expected to go further high with the imposition of GST.
• Though the prices fluctuated for the month of June, the gold rates increased by 0.51% for the month of June.

Gold Rate Trend in Malappuram for January 2017 to March 2017 (per gram of 24 karat gold)

Gold Rate Trend in Malappuram for January 2017:

• In Malappuram, gold price trends saw an increase compared to the disappointing results of q4 2016.
• As the city, like the rest of the country, released itself from the clutches of demonetisation, gold prices seemed come back a lot more positively.
• On 1st January, when the quarter began, gold was selling at Rs.2,815 per gram - a rate that was the lowest for the entire month.
• However, prices went up to Rs.2,845 per gram on 4th and then to Rs.2,860 per gram on the 5th before continuing on at the same rate till the 9th due to sustained demand.
• Prices rose to Rs.2,880 per gram on 10th and then to Rs.2,950 per gram by the end of 20th.
• The last ten days of January saw prices fluctuate considerably but still managed to reach the highest price for the entire month, which was Rs.2,970 per gram.
• When the month came to an end, gold was trading at Rs.2,945 per gram - a good Rs.130 more than the starting day’s price.
• Overall, the month of January saw gold prices increase at the rate of 4.61%.

Gold Rate Trend in Malappuram for February 2017:

• February was a relatively uneventful period for gold, despite the fact that there was an increase in the prices.
• Prices seemed to change on only two occasions over the month of February as there was no significant increase or decrease in demand.
• When trading began on 1st, gold was trading at Rs.2,945 per gram and continued at the same rate till the 17th of the month, which also happened to be the lowest gold rate for the entire month.
• However, gold rates went up on 18th to Rs.2,960 per gram, which carried on till the end of the month.
• In the month of February, gold price trends saw a change of 0.50% in Malappuram.

Gold Rate Trend in Malappuram for March 2017:

• On 1st, gold was still trading at Rs.2,960 per gram, a rate that remained unchanged till the 13th of March.
• The rate from 1st to 13th was the highest rate of gold for the month.
• However, on 14th, gold prices went down by Rs.70 to hit Rs.2,890 per gram as demand took a hit after an interest rate hike from the Federal Reserve.
• Though the changes were very few, price trends went down by 1.35% in Kochi for the month of March.

Current Gold Rates in Malappuram

Similar to other cities in India, gold rates have been highly volatile in the last few years amid the skepticism of US Federal Reserve and European Central Bank's decisions on interest rates. Also, the instability in the stock markets all over the World in the past one year has impacted gold prices with rates falling drastically in the second quarter of the financial year but somehow being unable to completely recover stability up to this date. As on March 1, 2016, the purest 24K gold rates in Malappuram for 1 gram is Rs. 2,962 . 22K gold rates in Malappuram is at Rs. 2,765 per gram. Gold rates here hence are close to the general gold rate trends in india and affected similar global financial phenomenon that influence gold prices in India.

Gold Investment Trends in Malappuram

investment opportunities are pleasantly existing in Kerala because people in this region, in general consider gold as an auspicious commodity to store wealth as. Some of the leading investmenting trends for gold in Malappuram in gold include:

Physical Gold: Similar to the gold trends in other cities in Kerala, gold coins, are considered a great investment opportunity since they are available with purity certificates, especially from banks saving them from fraudulent gold sale. It is often bought from banks where denominations of gold based on your requirement for investment are available. Note, that buying gold from banks might be a little more expensive. Gold ornaments, like every other Keralite city has a very high demands for family functions especially marriages with demands of bangles, anklets, chains, nose rings, earrings, amulets and of course rings that both are opportunities to acquire wealth as well as ornamentation. Many families with would also invest in statues of gods and goddesses made out of gold as a form of gift with such demands picking up around the wedding season along with festivities in the area during Pongal and Diwali. Note, that gold in banks are considered to be a little more expensive. But you get branded gold that comes with purity certifications. Kalyan Jewellers is a well known jewellers in this district.

Market Trade: You can simply invest through the precious metal markets, in the National Commodity, National Multi Commodity Exchange, and Derivatives Exchange as well as the Multi Commodity Exchange. This is advisable for people who are open to investing in bullion gold with a the lowest purchase limit for trading being at 1 kg. For such investors, it is advisable to know the gold market for the right time for both in investment and selling it, for larger capital gains made for such investments in gold.

 

Also Check Gold Price in NearBy Cities of Malappuram

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