Thrissur, the land of Poorams is the cultural epicentre of the state of Kerala. The Gold Capital of India, Thrissur accounts for at least 30 percent of the jewellery produced across India. Until a few years ago, jewellers of Thrissur crafted 800 kilos of gold per day. The numbers have dwindled in recent years, but Thrissur steadfastly holds the title of the Gold Capital of India.
The Today Gold rates in Thrissur are sourced directly from jewellers and agencies from within the district. Gold rates for Thrissur are presented in per gram, 8 grams (Sovereign), 10 grams (Tola) and 100 grams to help readers reap benefits on their investment. To help gold jewellers and prospective customers, Sify.com also features the last 7 days and last 30 days rates for Thrissur and nearby towns. Rates mentioned on this page are exclusive of making charges and taxes such as GST.
Gold Popularity in Thrissur:
The district of Thrissur has earned the sobriquet of Gold Capital of India with nearly 30 percent of India’s Gold business tracing its roots to Thrissur. There is no exact record of how and when Gold turned so popular in Thrissur, but, when it did the government had to step in. NRIs, who could walk at the counters at airports in Kerala with kilos of gold were suddenly restricted with tariffs. The new policy did help restrict flow of cheap-bullion for goldsmiths. But, it had an impact on Thrissur’s lakh-odd goldsmiths. Most of these goldsmiths or Karigars hailed from far-flung states such as West Bengal and were adept at plain, studded, polishing and even intricate filigree work.
Talk of goldsmiths and jewellers, most contemporary names and gem-experts have a connection with Thrissur. In fact, TS Kalyanaraman Iyer, founder of Kalyan Jewellers, a local Thrissurkaran, is a popular figure in India’s gold-jewellery industry. Found in 1993, Kalyan is spread across the length and breadth of the country. It was Thrissur in 1993 where Kalyan Jewellers had its humble beginnings – a showroom built on an investment of Rs 50 lakhs. As of 2020, Kalyan has 137 showrooms (107 in India).
TS Kalyanaraman, named after his industrious grandfather, may have received much than just the name – an entrepreneurial spirit. Kalyanaraman Sr, the Priest who veered to business, was the chief-architect of Kalyan Group in 1930. The Priest from Kumbakonam in Tamil Nadu started a textile mill and later a shop in Thrissur.
Gold Investment in Thrissur:
Thrissur features regularly among the top cities to live in and has promoted a rich entrepreneurial culture since times immemorial. Prominent sectors in Thrissur besides bullion and gems includes banking, chit funds, and financial services, and textile. On the social front, Thrissur witnesses a congregation of scores of tourists and visitors. Among popular investment forms, jewellery, ornaments or coins are in perennial demand. In recent years, bullion trading and paper-gold formats such as Sovereign Gold Bond, ETFs and even digital gold are preferred.
The investment community is quite active in Thrissur and Gold trading is not new for the locals. From investment banks to jewellers, there are a number of avenues for gold investment. A significant population is engaged in business and employment in Thrissur. Gold hence acts as a safe investment asset. Also, many housewives, farmers, traders tend to invest in the yellow metal. Farming and trading is a major occupation and gold rates may peak time during harvest season. Mattu Pongal and Diwali are celebrated in Thrissur.
22 and 24 Karat Gold rate in Thrissur
Gold rates across India usually change twice during a day, except weekends. The trend is almost similar in Thrissur. Rates for 24-karat gold rates are prescribed by the local bullion and jeweller associations. The rates are based on the Dollar price of Gold and prevailing USD-INR fluctuations. Although rates tend to reflect the country-wide and international trends, margins and supply-demand are also factored in the final 24-Karat gold rate.
For 22-karat, the gold rates are determined by the association, although individual jewellers may quote a different rate. Also, rates quoted by adjacent jewellers could differ by a margin. The margin is only owing to factors such as making charge, wastage, melting charges, and refiner margins. Some of the other factors could be the prevailing cost of impurity (Platinum, Palladium, Silver, Copper, Nickel, Aluminum, Iron), costs on transportation, logistics, security, and finally individual margins.
Top Jewellers in XCity
One of the busiest localities of Thrissur, the High Road, features tiny local shops selling gold ornaments on either side of the street. This street is extremely popular among locals and tourists looking for gold jewellery at the best bargain. Be it the highways, buildings, public transport, or flyovers, the entire city is filled with hoardings, banners, posters, flexes, and painted ads of current or upcoming gold jewellery stores in the city.
Top jewellers in Thrissur includes Chungath Jewellery, Kalyan Jewellers, Jos Alukkas, Malabar Gold & Diamonds, Josco Jewellers, Joyalukkas, Bhima Brother Bullion, Chemmanur International etc.
Majority of the gold ornaments manufacturing units are artisan type located within a radius of 25 kms from Thrissur. Jewellers and local goldsmiths can be found at Cherpu, Perinchery, Chevvur, Ammadam, Avinissery, Nallankara, Velur, Amballur, Vallachira, Kizhakkumpattukara and Ollur.
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 Thrissur 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. The rates mentioned 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 firstname.lastname@example.org with the subject – Gold / Bullion.