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 2017 to March 2017 (per gram of 24 karat gold)

Factor	January	February	March
1st day	Rs.2,815 per gram	Rs.2,945 per gram	Rs.2,960 per gram
Last day	Rs.2,945 per gram	Rs.2,960 per gram	Rs.2,920 per gram
Highest price	Rs.2,970 per gram from 23rd to 26th January	Rs.2,960 per gram from 18th to 28th	Rs.2,960 per gram from 1st to 13th March
Lowest price	Rs.2,815 per gram from 1st to 3rd January	Rs.2,945 per gram from 1st to 17th	Rs.2,890 per gram from 14th to 21st March
Trend	Incline	Incline	Decline
Change	4.61	0.50%	-1.35%

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.

Gold Rate Trend in Malappuram for October 2016 to December 2016 (per gram of 24 karat gold)

Factor	October	November	December
1st day	Rs.3,152	Rs.3,075 per gram	Rs.2,890 per gram
Last day	Rs.3,065	Rs.2,938 per gram	Rs.2,821 per gram
Highest price	Rs.3,152 on 1st and 2nd October	Rs.3,166 per gram on 9th November	Rs.2,895 per gram on the 2nd
Lowest price	Rs.3,018 on 17th October	Rs.2,932 per gram on 25th November	Rs.2,767 per gram on the 26th November
Trend	Decline	Decline	Decline
Change	-2.76%	-4.45%	-2.48%

Gold Rate Trend in Malappuram for October 2016:

• Gold rates in Malappuram seemed to go down for much of October as global demand wasn’t at a high.
• The results of US Presidential elections were to be expected this month which brought about massive uncertainty in the world market.
• The first of the month started with gold trading at Rs.3,152 per gram - the highest gold price for the entire month.
• By the 8th, gold prices had gone down significantly to hit Rs.3,026 per gram but put in some positive growth to increase slightly by the q0th.
• Gold prices gained at a marginal rate for the last few days as the prices hit Rs.3,065 per gram.
• The rate trend saw a -2.76% change for the month of October despite some increasing demand.

Gold Rate Trend in Malappuram for November 2016:

• November saw some major events in both Indian and international level as Donald Trump was announced to be the president of the USA.
• Trump’s announcement brought the markets to the brink of uncertainty thereby increasing demand for gold.
• On 1st, gold was seen trading at Rs.3,075 per gram and gained a little more to hit Rs.3,119 per gram on 6th.
• In India, demonetisation of Rs.500 and Rs.1,000 notes caused the market to fall and demand for gold to increase.
• The 9th saw prices increase a little more to hit Rs.3,166 per gram but it was all downhill from then on as prices went down to Rs.2,986 per gram on the 19th.
• Although, demand increased during the first few days after demonetisation, it slowly fell as the nation went through a bit of a cash crunch.
• Gold price trends in Malappuram decline by -4.45% in November, making it the worst-performing month of the quarter.

Gold Rate Trend in Malappuram for December 2016:

• Gold rates didn’t seem to increase much in December as the country was still struggling with the lack of cash for day-to--day transactions.
• When 1st began, gold was trading at Rs.2,890 per gram but went down significantly to hit Rs.2,851 per gram as business day closed on 9th.
• Prices seemed to go down further more to Rs.2,836 per gram on 10th as no global and domestic demand was to be seen.
• Towards the end of the month, when New Year approached, gold prices recovered from its freefall to end 2016 at Rs.2,821 per gram.
• Gold price trends in Malappuram saw a change of -2.48% in the month of December.

Gold Rate Trend in Malappuram for July 2016 to September 2016 (per gram of 24 karat gold)

Factor	July	August	September
1st day	Rs.3,000 per gram	Rs.3,092 per gram	Rs.3,130 per gram
Last day	Rs.3,092 per gram	Rs.3,130 per gram	Rs.3,135 per gram
Highest price	Rs.3,167 per gram on 16th and 17th July	Rs.3,132 per gram on 6thand 7th August	Rs.3,160 per gram on 25th and 26th September
Lowest price	Rs.3,000 per gram on 1st  July	Rs.3,092 per gram on 1stAugust	Rs.3,120 per gram on 2nd and 19th September
Trend	Increase in price	Increase in price	Increase in price
Change	+3.06%	+1.22%	+0.15%

Gold Rate Trend in Malappuram for July 2016

• Gold traded at Rs.3,000 per gram on 1st July, with the price rising sharply in the first half of the week to Rs.2,150 per gram on 3rd  July due to strong demand.
• The price fell to Rs.3,030 per gram on 4th July due to strong markets and a decrease in domestic demand, with prices rising marginally towards the end of the week.
• A surge in demand led to the price rising to Rs.3,167 per gram on 16th July but prices dropped mid-week.
• Prices stayed stable as demand was weak, trading at Rs.3,060 per gram on 23rd July.
• Demand rose slightly, with gold trading at Rs.3,092 at the end of the month.

Gold Rate Trend in Malappuram for August 2016

• Gold traded at Rs.3,092 per gram on 1st August with the price rising to Rs.3,132 per gram on 7th August due to market instability overseas.
• Prices dipped due to lowered demand, with gold priced at Rs.3,092 per gram on 8th August before rising marginally to Rs.3,125 per gram on 14th August.
• The price was stable due to steady demand, trading at Rs.3,135 per gram for the third week.
• Prices rose marginally in the last week, before settling at Rs.3,130 per gram.

Gold Rate Trend in Malappuram for September 2016

• Gold remained constant, trading at Rs.3,130 per gram on 1st September before falling slightly due to global cues.
• Increased demand from jewellers for the festive season led to prices rising to Rs.3,160 per gram on 7th September, though prices fell as the week ended.
• Prices stabilised as the week progressed, trading at Rs.3,145 per gram for the week till 14th September before falling to Rs.3,135 per gram on 18th September.
• Prices dipped further to Rs.3,120 per gram on 19th September due to markets performing well but prices rose to Rs.3,130 per gram as the week ended.
• Gold prices rose marginally to Rs.3,160 per gram on 25th September before falling to Rs.3,135 per gram on 30th September.

Gold Rate Trend in Malappuram for April 2016 to June 2016 (per gram of 24 karat gold)

Factor	April	May	June
1st Day	Rs. 2,872 per gram	Rs. 3,025 per gram	Rs.2,895
Last Day	Rs. 3,025 per gram	Rs. 2,895 per gram	Rs.2,990
Highest Price	Rs. 3,025 per gram on April 30.	Rs. 3,025 per gram May 1st to 3rd	Rs.3,050 per gram on 25th to28th June
Lowest Price	Rs. 2,852 per gram on April 4.	Rs. 2,885 per gram on May 30th	Rs.2,895 per gram on 1st - 8th June
Trend	Rising	Decline	Rise
Change	+5.32%	-4.29%	+3.28%

Gold Rate Trend of Malappuram in April 2016

• The month of April was bright for gold starting at Rs. 2,872 and increasing by 5.32% by the end of the month.
• Increase in demand led to a rising trend with the highest record on April 30th at Rs. 3,025.
• Anticipation of a growing U.S economy, a stronger dollar and a Fed rate hike leaves the trend uncertain at the end of April.

Gold Rate Trend of Malappuram in May 2016

• May began with steady rates from the previous month opening at Rs. 3,025 per gram.
• The louder chorus in anticipation of the U.S. Federal Reserve interest rate hike led to gold rates dropping to the floor.
• Prices dropped to the lowest in a year because higher borrowing costs don’t work well for non-interest bearing assets such as the bullion.
• Gold ended at Rs. 2,895 per gram, a 4.29% decrease.

Gold Rate Trend of Malappuram in June 2016

• Gold rates were relatively constant through the month of June with a few fluctuations along the way.
• Gold traded at Rs.2,895 at the start of the month and rose to Rs.3,050 by 25th June.
• The stagnant prices can be attributed to stable domestic demand that negated global falls.

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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Also Know: Silver Rate In Malappuram

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