Gold Price In Kochi Today
Gold is a substantial element that symbolizes wealth, prosperity, and womanhood. Besides considering gold as an investment option, it is also adored by people of every culture because of its universality. On every occasion, both men and women love to wear gold ornaments such as exquisite rings, designer bracelets, and alluring chains to complete their outfits.
The price of gold is highly dynamic. This means that it keeps on fluctuating from time to time from city to city. If you are planning to buy gold in Kochi, then continue reading to find out the gold rate in Kochi today.
Today Gold Price in Major Indian Cities
|City||22 Carat Gold Price Today||24 Carat Gold Price Today|
Today 22 Carat Gold Rate in Kochi
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Today 24 Carat Gold Rate in Kochi
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Places To Buy Gold In Kochi
Listed below are some of the places to buy gold in Kochi.
- Malabar Gold & Diamonds:
Following the legacy of 29 years, Malabar Gold & Diamonds have become the most reliable and trustworthy place to buy gold. You can visit their jewellery showroom in Kochi, Kerala to have a blissful experience of purchasing gold.
- Tanishq Jewellery:
Tanishq Jewellery is popular for its customer satisfaction all over the Indian cities, including Kochi. They are leading the jewellery market by providing purer gold ornaments such as bangles, rings, necklaces, gold coins & bars, and much more.
- Kalyan Jewellers:
You can walk into the jewellery showroom of Kalyan Jewellers to buy hallmark-certified jewellery at the most affordable gold rate. Moreover, with this reputable jewellery seller in India, you can customize your gold ornaments before purchasing them.
- Bhima Jewels:
Bhima Jewels owns reputable ownership of selling pure gold jewellery in Kochi, Kerala. Since 1925, they have been leading the jewellery market by winning the trust of people. You can visit their website to check out an amusing collection of their jewellery.
Other reliable places to buy gold in Kochi are NFBCs. You can invest your money in gold with Tata Capital Financial Services Ltd, Mahindra & Mahindra Financial Services Ltd, and many other NFBCs.
Gold Rate / 10g in Kochi for Last 10 Days
|Date||22 Carat Gold Price Today||24 Carat Gold Price Today|
Historical Gold Rates in Kochi
|Months||Lowest Price (24 Carat) Gold rate/ 10gram||Highest Price (24 Carat) Gold rate/ 10gram|
Gold As An Investment
Gold is a mesmerizing and fascinating metal that people love to wear on different occasions, such as festivals, weddings, anniversaries, and more. Besides acing up their look by wearing gold jewellery, people often invest in this yellow-precious metal as a long-term source of wealth creation. Find out more about the reasons for considering gold as a great investment in the below section.
- Buy And Sell Effortlessly:
It is easier to trade for gold anywhere in the world if you have invested in hallmark-certified gold jewellery. Before selling and purchasing gold, compare its price in different Indian cities to make a wise and profitable investment.
- Prudential Investment Opportunities:
In the long run, we have seen the prices of gold increase unexpectedly. Hence, continuing to encounter this never-ending era of hikes in gold rate, investment in gold is considered the best way to save money for a long time.
- Demands Less Maintenance:
Gold is a one-time investment. Thus, you will not have to spend a single penny on its maintenance or no other additional cost in the future. So, you can invest in gold now and reap the benefits later.
- Non-Perishable Asset:
Unlike other assets, the gleam of gold doesn’t deteriorate with time. Moreover, even during the inflationary period, the value of gold remains stable.
Things To Remember While Buying Gold In Kochi
Investing and buying purer gold is highly important. Hence, read more to find out the factors that you must consider while purchasing gold in Kochi, Kerala.
- Check Quality:
It is advisable to check for the BIS certification uniquely assigned to each gold ornament before purchasing. This will ensure that you are investing your hard-earned money in buying purer gold.
- Present-Day Price Of Gold:
The gold rate is highly fluctuating in nature. Hence, a little price change can help you in making a smart investment. So, it is advisable to always check today’s gold price in Kochi before purchasing it.
- Compare Making Cost:
The making costs charged by the jewellers are different and highly impact the total value of your purchase. Hence, it is crucial to compare the making charges of different jewellers and make a cost-effective decision.
- Buy 24 Karat Gold:
The higher density of gold will ensure that you are investing your money in purer gold. So, it is advisable to buy 24 karat gold over 22 karats of gold, because of its high density.
Factors Which Affect Gold Price In Kochi
The dynamic nature of the gold rate leads to fluctuations in its price continuously. However, some internal and external factors impact the gold price effectively. Read more in the below section.
- Demand For Gold:
As the demand for gold increases, so does the price. This is because gold is imported from other countries to satisfy the high demand of Indian buyers. Hence, the shortage of gold will ultimately lead to a hike in prices.
- Government Investment:
The Reserve Bank Of India (RBI) plays an important role in affecting the gold price. In simple terms, the government along with the money reserves in gold. Hence, when the government purchases gold without selling it the demand increases and leads to a hike in prices.
- Fall In Value Of US Dollar:
The price of gold is inversely proportional to the worth of the US dollar. Hence, the rise in the value of the US Dollar will lead to a decrease in the price of gold and vice versa.
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How to check for the Hallmarked 916 22 Karats Gold in Kochi?
You will find a small stamp issued by the Bureau of Indian Standards (BIS) on each gold ornament. This certificate is proof that you are purchasing purer and hallmark-certified gold.
Do I need to pay tax on bringing gold into Kochi from abroad?
Yes, you can bring gold to Kochi from abroad up to a certain limit. Moreover, you will have to pay additional taxes and customs duties on it.
How to check the purity of gold in Kochi?
“Karats” is the measurement unit of gold that you can use to check the purity of gold. 24 karats of gold are 100% purer while 22 karats of gold are 93%. So, invest wisely.
What is the difference between 22 karats and 24 karats of gold?
Density and durability are the major factors that distinguish 24-Karat gold from 22-karat gold. As a result, 24-Karat gold is brighter and purer than 22-karat gold jewellery.
How Do You Double-Check Your BIS-Hallmark in Kochi?
Visit the BIS care app and enter your product’s Hallmark Unique Identification Number (HUID) to double-check the purity of your gold jewellery.