Thiruvananthapuram or Trivandrum is Kerala’s largest city and known for the Padmanabhswamy temple and the Kovalam beach. Sify brings you the latest gold rates from the evergreen city of India. Gold rates in Trivandrum are presented in one gram, 8 grams (sovereign), 10 grams (tola) and 100 grams to help readers save money. To help gold jewellers and prospective customers, Sify.com also features the last 7 days and last 30 days rates for Trivandrum and nearby towns. Rates mentioned on this page are exclusive of making charges and taxes such as GST.
Gold & Trivandrum Connection:
Thiruvananthapuram has remained the power-seat of the Travancore royal family, ever since it was shifted from Padmanabhapuram (located in Kanyakumari district of TamilNadu). Obviously, historians have mentioned of the city's rich culture from the Chola era. The connection with Gold is illustrated aptly with the huge cache of the yellow metal found at the temple of Lord Padmanabhaswamy. No official estimate has fulfilled the question on how much gold was offered by devotees. Vaults at the temple precincts, divided into 8 - A-G, are reported of holding tons of Gold. Some of the vaults are three centuries old. Those opened - A, C, D, E and F in 2011 are estimated to contain jewellery and precious gems - offerings worth Rs 1 lakh crores.
Back in 2011, gold at these vaults was weighed by the and some of the rare artefacts included an 18 feet long gold chain, 500 kilos of a gold-sheaf, sacks of jewellery and tons of coins. 800 kilos of those coins were dating to the medieval era. Discovered at these vaults were statues of Lord Vishnu adorned in gold and diamonds. Then there were Crowns and necklaces in kilos, and an assortment of precious rubies and emeralds.
There's also a three-century old Vault B that assesssors believe could open into a deeper tunnel containing more gold. This vault is estimated to house 1,500 tons of Gold estimated at Rs 1.5 lakh crores. Before officials could open this vault, the Supreme Court announced a decision in favour of the Travancore royal family. Vaults G and H are yet to be scrutinized. Historians believe that the jewels may not be offerings from devotees alone but accumulation of thousands of years of previous rulers. A theory also suggests that the gold may have been gifted by neighboring Malabar kings who took refuge from the invasions of Tipu Sultan.
24 and 22 Karat Gold rate calculation in Trivandrum
Gold rates in Trivandrum are subject to international dollar-rupee fluctuations and the cost of the yellow metal in dollar terms. Prevailing 24-Karat gold rates are arrived at by association of leading jewellers. The costs on transportation, import duties and tariffs are also added to arrive at the final price of 24-karat gold. When it comes to pure or 24-karat gold, the preference is mostly for 999 and 995 coins.
Rates by the association are usually tallied twice a day except for weekends and state holidays. Some jewellers and a majority of goldsmiths may quote a uniform rate throughout business hours, unless a major price change occurs during the day. In Trivandrum, much like the country, differences in the rate-card of neighboring jewellers is easy to spot. The variance, although confusing, is only owing to diverse business operations and cost of raw materials. Some of the factors that result in differences include cost of impurity (Platinum, Palladium, Silver, Nickel, Aluminium, Iron), transportation, logistics, expenses incurred on security, changes in business operations, and finally the margins.
Top Jewellers in Trivandrum
Although most commercial and prominent localities will have active jewellers and goldsmiths, majority of jewellers can be found at Pazhavangadi, East Fort and Mahathma Gandhi Road. Among the reputed jewellers one can find showrooms of the Kochi headquartered Bhima Jewellers, Kalyan Jewellers, Joyalukkas, Jos Alukkas, Chungath Jewellery, Prince Jewellery, Josco Jewellers, Alapatt Fashion Jewellery, Malabar Gold and Diamonds, and Chemmanur Jewellers.
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 Trivandrum 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. Readers can 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.