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Gold price in Thrissur
Thrissur, the former capital of the Cochin Kingdom is a thriving city with a population of over 1.9 million people. Popularly known as the cultural capital of Kerala, Thrissur has played a key role in the history of the state, being home to royalty and artists of high calibre. A home to entrepreneurs, it is one of the richest places in South India, and a major hub for jewellery manufacture, with it contributing to most of the gold consumed in the state. The city accounts for over 70% of overall jewellery made in Kerala, providing a livelihood to over 2 lakh people, either directly or indirectly. Given its connection with gold, one can be sure that it accounts for a huge portion of the gold purchased in the state, regardless of the gold rates.
Gold rates in Thrissur could be cheaper than the rates in other cities, on account of the manufacturing industry being here, but the cost of raw gold is primarily determined after taking international prices into account.
Gold Rate Trend in Thrissur for January 2018 to March 2018 (per gram of 24 karat gold)
|1st day||Rs.2,924 per gram||Rs.3,040 per gram||Rs.2,956 per gram|
|Last day||Rs.2,940 per gram||Rs.3,046 per gram||Rs.2,966 per gram|
|Highest price||Rs.3,015 per gram on 25 January||Rs.3,103 per gram on 14 February||Rs.3,008 per gram on 28 March|
|Lowest price||Rs.2,909 per gram on 5 January||Rs.3,003 per gram on 8 February||Rs.2,945 per gram from 16-19 March|
Gold Rate Trend in Thrissur for January 2018:
- Trading commenced in Thrissur with gold priced at Rs.2,924 per gram on the 1st of January.
- With the US dollar strengthening amid the well-performing equity markets, gold rate in Thrissur plunged to Rs.2,909 per gram on the 5th following a decline in domestic demand from local jewellers, retailers and industries.
- Gold rates fluctuated over the next couple of weeks with demand vagaries brought about by uneven US dollar performances coupled with unsteady equity returns.
- Gold rates in Thrissur hit their highest recorded monthly figure of Rs.3,015 per gram on the 25th after investors banked on the safe-haven asset to hedge against inflation concerns in the US.
- The month ended with the yellow metal priced at Rs.2,940 per gram on the 31st as the bullion lost against the recovering dollar ahead of the US Federal Reserve monetary policy meeting.
Gold Rate Trend in Thrissur for February 2018:
- The month began with the precious metal prices holding at Rs.2,961 per gram on the 1st after a decline in the US dollar following the central bank meeting resulted in an increased investor demand for the metal.
- However, with the US greenback recovering from its previous streak of losses, demand for the metal plunged. This led to gold prices plunging to Rs.2,919 per gram - the lowest recorded monthly figure - on the 12th.
- Poor trends overseas coupled with reduced domestic demand led to gold prices remaining untouched at Rs.2,919 per gram until the 12th.
- An increase in industrial orders over the next week coupled with the weakening dollar index led to gold prices surging to Rs.2,993 per gram on the 19th.
- When trading concluded for the month, gold prices in Thrissur was recorded trading at Rs.2,956 per gram on the 28th.
- The district of Thrissur registered a loss of 0.16% in bullion trade on the account of the week global cues that pushed demand lower for the metal during the month.
Gold Rate Trend in Thrissur for March 2018:
- Gold opened the week at Rs.2,956 per gram on the 1st with domestic markets tracking a firm trend overseas.
- The next couple of weeks saw gold rates remaining on the positive side with the bullion rising on the back of the weakened US dollar.
- However, with the US dollar recovering from its previous losses after the US employment data indicated an increase in the number of jobs contributing to the nation’s economy, gold rates plunged to Rs.2,945 per gram on the 16th.
- Gold price in Thrissur remained untouched at Rs.2,945 per gram until the 19th with poor demand from local jewellers and retailers.
- Demand seemed to pick up over the next week with the dollar losing its sheen amid the losing equity markets. This led to gold prices surging to its highest monthly figure of Rs.3,008 per gram on the 28th.
- The month came to an end with the yellow metal prices holding at Rs.2,966 per gram on the last day on account of subdued but steady demand for the bullion.
- Gold rates in Thrissur surged by 0.33% owing to firm trends overseas that pushed demand higher during the course of the month.
Gold Rate Trend in Thrissur for October 2017 to December 2017 (per gram of 24 karat gold)
|1st day||Rs.2,954 per gram||Rs.2,942 per gram||Rs.2,921 per gram|
|Last day||Rs.2,942 per gram||Rs.2,937 per gram||Rs.2,909 per gram|
|Highest price||Rs.2,977 per gram from 12 to 16 October||Rs.2,986 per gram 18 to 22 November||Rs.2,931 per gram from 2 to 4 December|
|Lowest price||Rs.2,931 per gram on 27 October||Rs.2,932 per gram on 5 November||Rs.2,786 per gram on 12 and 13 December|
Gold Rate Trend in Thrissur for October 2017:
- When trading commenced for the final quarter, the yellow metal was priced at Rs.2,954 per gram on the 1st of October.
- Thrissur witnessed gold rates decline during the initial week due to a decline in domestic demand despite the imminent arrival of major festivals during the month and gold was priced at Rs.2,942 per gram on the 7th.
- The second week, however, saw gold price in Thrissur surging with the US dollar losing against other emerging currencies amid tensions rising between the US and North Korea. The precious metal was recorded trading at Rs.2,977 per gram on the 12th.
- Thanks to an increase in demand by local jewellers, retailers and industries amid the positive trend overseas, gold rates surged to Rs.2,989 per gram on the 17th.
- The high demand couldn’t keep up with the strengthening US dollar as the month progressed. This led to gold prices plunging to Rs.2,952 per gram on the 28th.
- The poor trend overseas coupled with reduced domestic demand led to rates declining to Rs.2,942 per gram on the 31st.
- Thrissur recorded a decline of 0.40% in gold prices owing to the poor global cues that pushed demand lower during the course of the month.
Gold Rate Trend in Thrissur for November 2017:
- The month began with gold in Thrissur holding steady at Rs.2,942 per gram following a firm trend from the previous month.
- Gold price in Thrissur plunged to Rs.2,932 per gram on the 4th with the US dollar gaining against other apex currencies.
- Demand, however, picked during the second week with Middle East crisis pushing demand higher for safe-haven assets such as gold. This led gold rates rebounding to Rs.2,941 per gram on the 7th.
- Gold rate in Thrissur surged to Rs.2,986 per gram on the 18th owing to an increased offtake from industries amid the weakened US dollar and weakly performing equities.
- However, with the US greenback regaining lost ground during the month, gold prices dropped to Rs.2,955 per gram on the 23rd.
- The month concluded with the bullion priced at Rs.2,937 per gram on the 31st amid the poor trends overseas.
- Thrissur saw gold rates declining at 0.16% with the US dollar strengthening during the course of the month.
Gold Rate Trend in Thrissur for December 2017:
- The month of December began in Thrissur with gold priced at Rs.2,921 per gram on the 1st with the metal losing ground after the US economic data release.
- Gold rates in Thrissur fluctuated considerably during the first week with the US dollar rates varying amid conflicting opinions in the US Senate.
- On the 8th, the precious metal was priced at Rs.2,877 per gram before plummeting to Rs.2,862 per gram - the lowest recorded monthly figure - on the 9th amid the poor trend overseas.
- Prices declined as the month progressed and the bullion was recorded trading at Rs.2,816 per gram on the 16th.
- The decline in prices was due to the approval of the Republican tax bill by the US Senate and also the US Federal Reserve’s decision to raise its benchmark interest rates during the month.
- Prices, however, picked up towards the end of the month with investors mulled over the ultimate impact of the US tax bill on the county’s economic growth. The precious metal was priced at Rs.2,858 per gram on the 24th.
- The final week of the quarter saw gold rates rise significantly with international prices hitting one-month high figures amid the weakening dollar. On the 29th, gold rates were recorded at Rs.2,909 per gram and remained untouched at the same rate for the rest of the month.
- Gold rates in Thrissur declined at 0.41% owing to the reduced domestic demand compounded by the poor global cues during the course of the month.
Gold Rate Trend in Thrissur for July 2017 to September 2017 (per gram of 24 karat gold)
|1st day||Rs.2,930 per gram||Rs.2,882 per gram||Rs.2,941 per gram|
|Last day||Rs.2,872 per gram||Rs.2,941 per gram||Rs.2,954 per gram|
|Highest price||Rs.2,970 per gram from 3-5 July||Rs.2,958 per gram on 30 August||Rs.3,038 per gram from 9-12 September|
|Lowest price||Rs.2,796 per gram on 14 July||Rs.2,840 per gram from 5 to 7 August||Rs.2,941 per gram from 1-5 September|
Gold rate trend in Thrissur for July 2017
- The month of July commenced with the precious metal trading at Rs.2,930 per gram on the 1st.
- The 3rd witnessed gold rates touching the highest recorded monthly figure of Rs.2,970 per gram, courtesy of an increased demand from local jewellers and industries.
- However, gold price in Thrissur plunged to Rs.2,900 per gram on the 8th, as local demand remained low despite the positive trends worldwide.
- Domestic demand took a hit the introduction of the newly approved 3% GST, and the precious metal was trading at Rs.2,796 per gram - the lowest recorded monthly figure - on the 14th.
- Global markets tanked with the US and North Korea going against each other. This led to an increase in demand for safe-haven assets like gold, and the metal was priced at Rs.2,860 per gram on the 27th.
- with the US dollar hitting a 13-month low on the 31st, the US economy was sent crashing. This led to gold rates in Thrissur surging further to Rs.2,872 per gram in Thrissur.
- Gold rates declined at 1.97% during the month, owing to a poor domestic demand compounded by the introduction of GST.
Gold rate trend in Thrissur for August 2017
- Gold was priced at Rs.2,882 per gram, when the month began.
- The 5th witnessed gold rates in Thrissur plunging to Rs.2,840 per gram with the possibility of a new Fed rate hike pushing the dollar higher.
- The bullion trade flourished for much of the month with the US-North Korean stand-off taking centre-stage. This led to an increase in safe-haven investments around the world, and the precious metal was recorded trading at Rs.2,924 per gram on the 11th.
- The bullion was trading at Rs.2,958 per gram on the 30th, thanks to an improved domestic demand coupled with strong global trends.
- When the month came to an end, the yellow metal was priced at Rs.2,941 per gram on the 31st, and marking an increase 0f 2.04% in gold rate trends in Thrissur.
Gold rate trends in Thrissur for September 2017
- The precious metal was priced at Rs.2,941 per gram, when trading commenced for the month of September in Thrissur.
- An official statement by the Kim Jong-Un regime on their most powerful two-stage thermonuclear weapon test sent global markets crashing. This led to an increase in demand for safe-haven assets like gold and the yellow metal was priced as high as Rs.3,038 per gram on the 9th.
- With the US economy recovering from the initial shock coupled with firm equities market and stronger dollar values, priced declined to Rs.2,961 per gram on the 21st.
- Rates, however, improved with the arrival of the festive season pushing demand higher for the metal. This led to gold trading at Rs.2,975 per gram on the 27th.
- When the month concluded, gold rate in Thrissur had declined to Rs.2,954 per gram with the dollar gaining against other major emerging currencies.
- Gold prices recorded a profit of 0.44% during the month, owing to strong global cues coupled with an improved global, as well as, local demand.
Gold Rate Trend in Thrissur for April 2017 to June 2017 (per gram of 24 karat gold)
|1st day||Rs.2,920 per gram||Rs.2,935 per gram||Rs.2,915 per gram|
|Last day||Rs.2,935 per gram||Rs.2,915 per gram||Rs.2,930 per gram|
|Highest price||Rs.3,000 per gram on 22 April and 23 April||Rs.2,935 per gram on 1 May and 2 May||Rs.2,945 per gram from 7 June to 12 June|
|Lowest price||Rs.2,930 per gram from 8 April to 10 April||Rs.2,865 per gram from 11 May to 16 May||Rs.2,800 per gram on 23 June|
Gold Rate Trend in Thrissur for April 2017
- Gold rates in Thrissur began the month of April on a high, thanks to a drop in US dollar’s exchange rate.
- On the 1st of April, gold was trading at Rs.2,920 per gram.
- As the US market performance was prevalent for much of April’s first week, gold prices saw a considerable increase - with the metal trading as high as Rs.2,950 per gram on the 7th.
- Prices, however, declined to Rs.2,930 per gram on the 9th as the US dollar seemed to strengthen, thereby affecting the trading prices locally.
- The fall in prices didn’t last long as major geopolitical issues involving the US, Syria, and North Korea took hold of the market.
- Due to the aforementioned issue, prices went up to Rs.2,965 per gram on the 12th and went up by Rs.10 the next day to trade at Rs.2,975 per gram.
- Rupee rose by almost 6%, while gold prices increased by 12% during the year, which led to a the metal trading at a cheaper rate in the city.
- Gold prices reached their highest on the 22nd and the 23rd when it was trading at Rs.3,000, thanks to a steadily appreciating rupee.
- Demand for the metal fell towards the last few days of the month, which led to gold ending at Rs.2,935 per gram.
- Despite some falls during the latter half of April, gold prices increased by 0.51% for the month owing to some global and domestic factors.
Gold Rate Trend in Thrissur for May 2017
- The first half of May was relatively sluggish with regards to gold trading prices as several markets flourished, while the US dollar also strengthened.
- On the 1st of May, gold was priced at Rs.2,935 per gram and went further down to Rs.2,855 per gram on the 4th as a result of this.
- Prices fell during the second and third week of May, meanwhile nearing 10-month lows in the international market.
- By the end of the 17th, gold prices had gone down to Rs.2,875 per gram but thanks to a drop in Asian markets, gold prices increased to Rs.2,915 per gram on the 18th.
- Rates remained in the sub-2,900 range and shuffled between Rs.2,915 per gram and 2,925 per gram during from the 23rd to the end of the month.
- On the last days of the month, gold was trading at Rs.2,915 per gram.
- Though there was consistent demand towards the end of May, gold price trends fell by 0.68% in Thrissur.
Gold Price Trend in Thrissur for June 2017
- Gold prices reached a monthly high in the international market at the beginning of the month. However, the same wasn’t reflected in local trading sessions.
- The month began with gold trading at Rs.2,915 per gram but increased as geopolitical concerns regarding North Korea and Syria led to the US markets underperforming.
- By the 8th of the month, gold prices had gone up to Rs.2,945 per gram buoyed by a weak dollar and a strong local demand.
- Rates recorded from the 7th to the 12th, i.e., Rs.2,945 per gram was the highest for the month.
- As the US dollar strengthened, gold prices consolidated towards the second half of the month.
- When the month came to an end, gold was seen trading at Rs.2,930 per gram.
- Gold price trends went up by 0.51% in Thrissur during this month.
Gold Rate Trend in Thrissur for January 2017 to March 2017 (per gram of 24 karat gold)
|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|
Gold Rate Trend in Thrissur for January 2017:
- Like other cities in Kerala, Thrissur too saw gold prices increase over the course of January 2017.
- As cash became more readily available in the system, and with the arrival of several South Indian festivals, gold prices seemed to increase over the first two weeks.
- In Thrissur, January began with the lowest gold price for the entire month - Rs.2,815 per gram - which signaled a positive growth.
- Rates, however, fluctuated over the first week as some market factors seemed to bring gold rates down.
- After some falls, gold prices went up to Rs.2,880 per gram by the 10th and again went up to Rs.2,950 as 20th drew to an end.
- Prices seemed to fluctuate again over the last 10 days, despite which gold reached its highest rate for the month i.e., Rs.2,970 per gram on 23rd and 26th respectively.
- January in Thrissur saw gold prices increase by 4.61%.
Gold Rate Trend in Thrissur for February 2017:
- February, in Thrissur, began with gold trading at Rs.2,945 per gram.
- As there was no apparent change in demand, gold prices seemed to continue at the same rate till the 17th of the month,
- This month, despite witnessing a positive growth, saw prices fall slightly over the course of the 28 days.
- The rates, as seen from 1st to the 17th, were the lowest gold prices for the month.
- On 18th, gold prices rose up to Rs.2,960 per gram and remained unchanged till the end of the month on 28th.
- Compared to January’s price trends, February saw gold prices increase by 0.50%
Gold Rate Trend in Thrissur for March 2017:
- March was a terrible period for bullion trading for non-US currencies in the world.
- This was because the Federal Reserve increased the interest rate on its lendings, which caused bullion investors to step away from any gold-related investments.
- The month began with gold trading at Rs.2,960 per gram.
- Thrissur being one of the highest gold-consuming cities, didn’t see demand go down despite a slowdown everywhere else in the country.
- Prices remained unchanged till the 13th as there was not much of a change in demand.
- Overall, gold prices in Thrissur changed only a handful of times but those were enough to bring the price trends down.
- The Keralan city saw gold prices decline by 1.35% for the month of March.
|1st day||Rs.3,115 per gram||Rs.3,055 per gram||Rs.2,905 per gram|
|Last day||Rs.3,055 per gram||Rs.2,945 per gram||Rs.2,815 per gram|
|Highest price||Rs.3,115 per gram from 1st to 4th||Rs.3,135 per gram on 9th||Rs.2,905 per gram on 1st and 2nd|
|Lowest price||Rs.3,020 per gram from 8th to 11th||Rs.2,930 per gram on 25th||Rs.2,745 per gram on 16th|
Gold Rate Trend in Thrissur for October 2016
- When trading began in October, gold was trading at Rs.3,115 per gram, which was the highest rate for the entire month
- Prices, however, fell on 6th due to falling demand to bring gold prices down to Rs.3,055 per gram.
- Gold rates went down again on to Rs.3,020 as domestic demand kept going down.
- Gold prices picked up slightly on 12th to hit Rs.3,030 and went up to Rs.3,040 by the 20th.
- The last 10 days of October didn’t see any major surges with regards to rates to end the month at Rs.3,055 per gram.
Gold Rate Trend in Thrissur for November 2016
- November was by far the worst month for gold industry in 2016 as too many world events played havoc on the metal’s prices.
- Gold rates were largely on the increase for the first 10-15 days but went down significantly over the next few days.
- The 1st began with gold trading at Rs.3,055 per gram and went up to Rs.3,110 per gram by the 5th.
- However, when PM Narendra Modi introduced demonetisation, prices began to fall.
- Prices went down despite the fact Donald Trump’s appointment as US president brought markets crashing around the world.
- At the end of the month, gold rates were down to Rs.2,945 per gram to clock a change of -3.60% with regards to gold rates.
Gold Rate Trend in Thrissur for December 2016
- The last month of 2016 began with gold trading at Rs.2,905 per gram but decreased to hit Rs.2,840 per gram by the 9th.
- On 10th, prices went down to Rs.2,810 per gram and went down further to hit Rs.2,745 per gram on the 16th.
- Gold prices didn’t increase by much as the entire nation went through a massive cash crunch.
- Rates, however, picked up over the last 4 days of December to end the month at Rs.2,815 per gram.
- Overall, Thrissur saw gold prices decline by 3.09% when compared to rates from the previous month.
|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 the 18th and 19th of July||Rs.3,140 per gram from 25th to 30th August||Rs.3,160 per gram on 7th November and on 25th and 26th September|
|Lowest price||Rs.3,000 per gram on the 1st of July||Rs.3,092 per gram on 1st August||Rs.3,120 per gram on 2nd and 19th September|
Gold Rate Trend of Thrissur in July 2016
- Gold traded at Rs.3,000 per gram on the 1st of July and increased by Rs.120 on the 2nd to hit Rs.3,150 per gram.
- Prices fluctuated until the 17th when they soared to Rs.3,167 per gram – the highest recorded rate in July.
- Even though prices fluctuated during the month, stability was achieved on quite a few number of days.
- Prices were stable at Rs.3,060 between the 23rd and 27th of July, and at Rs.3,092 per gram between the 28th and 31st.
- The overall increase in prices between the first and last day of August was more than 3%.
Gold Rate Trend of Thrissur in August 2016
- The rate of gold per gram on the 1stt of August was recorded at Rs.3,092.
- Prices rose to Rs.3,112 on the 2nd and stayed unchanged until the 5th.
- The highest recorded rate of gold in the month of August was on the 5th when they touched Rs.3,210 per gram.
- Stability was achieved for most parts of the month and the highest rate of gold in the August was recorded between the 25th and 30th when they touched Rs.3,140 per gram.
- The precious metal closed the month trading at Rs.3,130 per gram.
Gold Rate Trend of Thrissur in September 2016
- Gold traded at Rs.3,130 per gram on 1st September.
- Prices remained stable after every incline, and the highest rate in the month was recorded on the 7th and the 25th and 26th when they soared to Rs.3,160 per gram.
- Gold closed the month trading at Rs.3,135 per gram and the overall increase in prices between the first and last day of the month was a mere 0.16%.
|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|
Gold Rate Trend of Thrissur in April 2016
- April experienced a rising trend in gold rates as the jeweller’s strike was called off.
- With the increase in demand, gold rates were driven up to Rs. 3,025 per gram on April 30.
- The increase touched 5.32% by the end of the month.
- The minutes from U.S. Federal Reserve meeting led investors to expect an interest rate hike in the near future.
Gold Rate Trend of Thrissur in May 2016
- The month began with steady gold rates opening at Rs. 3,025 per gram.
- The highest gold rate for the month was Rs. 3,025 per gram May 1st to 3rd
- As the expectations of a U.S. Federal Reserve interest rate hike spread, gold rates started dropping.
- March gold rates ended at Rs. 2,895 per gram, marking a 4.29% decrease.
Gold Rate Trend of Thrissur in June 2016
- Gold rates stagnated through the month of June with a few fluctuations.
- The constant rates are a result of steady domestic demand even though the global markets experienced serious dips in gold rates.
- The highest for the month was recorded at Rs.3,050 per gram on 25th to28th June.
- The trend for this month was a gain of 3.28% as the month ended at Rs.2,990 per gram.
|1st Day||Rs. 2,507 per gram||Rs. 2,685 per gram||Rs. 2,872 per gram|
|Last Day||Rs. 2,685 per gram||Rs. 2,872 per gram||Rs. 2,872 per gram|
|Highest Price||Rs. 2,688 per gram on 27th to 28th January||Rs. 2,872 per gram from 26th to 29th February||Rs. 2,907 per gram on 8th March|
|Lowest Price||Rs. 2,507 on 1st to 3rd January||Rs. 2685 per gram on 1st February||Rs. 2,822 per gram on 29th March|
|Change||+ 7.10 %||+6.96%||0%|
Gold Rate Trend of Thrissur in January 2016
- The month experienced moderate changes but prices constantly rising.
- Gold opened in January at Rs. 2,507.
- Demand in the domestic market increased as the offtake from the jewellers was on the rise.
- On January 27th, gold traded at the highest rate at Rs. 2,688 per gram.
- The trend for the month was a rising one indicating 7.10% incline.
Gold Rate Trend of Thrissur in February 2016
- The rising trend from January continued into the month of February.
- Gold rates traded at Rs. 2,685 per gram on February 1st.
- As the demand from the domestic market and the international market poured in, gold rates reached its highest on 26th at Rs. 2,872.
- Prices then stabilized and remained constant for the rest of the month.
- The overall increase for the month was 6.96%.
Gold Rate Trend of Thrissur in March 2016
- The trends from February seeped into March with the prices opening at Rs. 2,872 per gram.
- An all-India jeweller’s strike paved a new trail for gold rates.
- Rates remained constant as there was no demand from the jewellers. Global demand helped gold maintain its rates.
- Gold traded the highest for the month on March 24th at Rs. 2,824.
- Prices at the end of the month dropped back to what it was at the beginning. March gold rates closed at Rs. 2,872 per gram.
Gold investment avenues in Thrissur
Investing in gold is a time tested tradition, with thousands of people purchasing it every year. Thrissur produces around 90 tonnes of gold jewellery every year, which makes it a major hub for gold lovers. Some of the popular modes to invest in gold in Thrissur are mentioned below.
Over-the-counter – Being a manufacturing hub, one can find a large number of options when it comes to buying gold in the city. Jewellers cater to different budgetary needs, offering a host of products in different designs. Gold bars and coins are other popular choices one can choose from, with banks also offering them.
Market trade – Market trade of gold hasn’t picked up in Thrissur, with most people choosing to buy it the traditional way. For the tech and market savvy resident, the Mumbai Stock Exchange and the National Stock Exchange provide an avenue to buy gold. E-gold, gold futures and ETFs are the options they can choose from.
The cost of gold in Thrissur changes periodically, with minor fluctuations witnessed on a regular basis. The amount an individual pays to purchase gold depends on the purity, with 18 or 22 karat gold being lighter on the pocket compared to 24 karat gold. The demand for gold also has an impact on prices, with low demand leading to lower rates while high demand leads to a rise in costs.
24 karat gold – 24 karat gold is perhaps the purest form of gold one can buy in Thrissur, with it being 99.9% pure gold. This purity makes it desirable as an investment source, offering individuals liquidity if they wish to sell it. Owing to its purity, it cannot be crafted into jewellery, which means that coins and bars are the only way to own it. Individuals looking to purchase 1 gram of 24 karat gold in Thrissur would end up paying Rs 2,974 (as of March 11, 2016), with prices expected to change over time. Looking at the last year, one can see that prices dropped in 2015, when a gram of 24 karat gold could’ve been purchased for as less as Rs 2,500. Since January 2016, prices have been on an upward climb and one can expect a further hike in rates.
22 karat gold – Containing 92% gold, 22 karat gold is a popular option when it comes to making jewellery. Given the fact that Thrissur is a major jewellery hub, most of the gold purchased or sold here is 22 karat. A gram of 22 karat gold costs Rs 2,780 in the city (as of March 11, 2016), closely following 24 karat rate trends. After a lull in 2015, prices have picked up, climbing by over Rs 400 in the first three months of 2016.
- Also Check: Gold Rate In Kerala
Also Check Gold Price in NearBy Cities of Thrissur
|Gold Rate In Trivandrum||Gold Rate In Kochi||Gold Rate In Kozhikode|
|Gold Rate In Kannur||Gold Rate In Malappuram||Gold Rate In Coimbatore|
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