Kottayam, the first city in India to turn 100% literate, is known for Churches, forts and being the epicenter for Malayalam newspapers. Kottayam contributes immensely to the cultural and literary fabric of Kerala. The Today Gold rates in Kottayam are sourced directly from leading jewellers and popular associations. Rates are presented in per gram, 8 grams (Sovereign), 10 grams (Tola) and 100 grams for both 22 and 24 Karat/Carat variants. Sify.com also shows rates in analytical formats such as last 7 days and last 30 days. Rates mentioned on this page are exclusive of making charges and taxes such as GST.
Gold Popularity Meter in Kottayam:
When it comes to Kottayam, the rubber board has its headquarters in the city. The city is also popular for murals and boat festivals (after Alleppey). Tourism and spice trading are common occupations in the city. The first school of Kerala and the first western style of college of India - the CMS (Church Missionary Society) College started in the city of Kottayam in 1815.
Being literate and focusing on education has opened financial awareness. Locals are quite adept at managing investments in Gold. The millennial community prefers ETFs and Sovereign Gold Bonds while the elders in the community prefer gold jewellery which is mostly purchased during festive occasions and gifting season.
How is 24 Karat Gold rate calculated in Kottayam
When it comes to calculating the rates in Kottayam, banks and leading agencies such as jewellery associations follow international trends. The rates are fixed in line with the prevailing USD-INR rate and the international dollar price of the spot gold price. Both variants of 999 and 995 are popular among buyers. The movement, that is, higher or lower gold rates are tracked on the basis of major global economic developments and the strength of the Indian Rupee.
Kottayam 22 Karat Gold rate calculation
22 karat/carat gold rates in Kottayam is usually evaluated by leading jewellers and associations. While jewellers quote rates approximately closer to the state-wide association rates, a handful of them (including the leading ones) may quote a different rate. The reason is simple - the base rate of gold may remain approximately similar but making charge, wastage, melting charges, and refiner margins constantly differs. Changes in impurities added (Platinum, Copper, Palladium, Silver, Nickel, Aluminum, Iron) costs on transportation, logistics, security expenses, changes in business operations, and operating margins are responsible for the Rs 10-20 difference per gram among leading jewellers.
Top Jewellers in Kottayam:
Kottayam has branches of several popular jewellers such as Josco Jewellers, Alapatt Jewellery (established in 1963), Malabar Gold & Diamond, Jos Alukkas, Kalyan Jewellers and Tanishq. You can also find a number of jewellers on TB road in Kottayam.
Why subscribe to authentic rates:
Investment in Gold or bullion can always safeguard your hard-earned money from inflation. It is advised that each individual keen of building a financial portfolio should allocate 10 to 15 percent of his or her savings in gold and gold-backed assets. However, in these days of market-competition and digitization, getting accurate rates has turned out as a cumbersome task. Even a 10 rupee change in gold rates can result in a huge saving in your financial portfolio.
The gold rates in Kottayam is a way to enable customers access the latest and authentic gold rates. Having the latest and authentic rates can help buyers plan and even negotiate when it comes to buying and selling of gold and jewellery. Knowing the latest rate also helps while seeking a gold loan. As a reader engagement, Sify talks to several industry veterans and market experts to offer readers latest insights on where gold rates could head to. We request readers to bookmark this page or download Sify Gold rates app to keep a track of the latest and most accurate gold trends across India.
Disclaimer: Sify.com showcases news, analysis and gold rates with the sole objective of financial prosperity for all. Rates mentioned on this page may vary within the same city and readers are hence advised to consult with a registered financial advisor. For any complaints, feedback, opinions or to share experiences write to email@example.com with the subject – Gold / Bullion.