Day | 22 Carat | 24 Carat | Change |
---|---|---|---|
Today | ₹66,950 | ₹71,650 | 0.0% |
Yesterday | ₹66,950 | ₹71,650 | +0.21% |
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Today 22 Carat Gold Rate in Kollam
Day | 1 gram | 8 gram | 10 gram | 100 gram | Change |
---|---|---|---|---|---|
Today Price | ₹6,695 | ₹53,560 | ₹66,950 | ₹6,69,500 | 0.0% |
Yesterday Price | ₹6,695 | ₹53,560 | ₹66,950 | ₹6,69,500 | +0.22% |
Today 24 Carat Gold Rate in Kollam
Day | 1 gram | 8 gram | 10 gram | 100 gram | Change |
---|---|---|---|---|---|
Today Price | ₹7,165 | ₹57,320 | ₹71,650 | ₹7,16,500 | 0.0% |
Yesterday Price | ₹7,165 | ₹57,320 | ₹71,650 | ₹7,16,500 | +0.21% |
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Best Places To Buy Gold In Kollam
Kollam is the fourth-largest city in the state of Kerala and is well-known throughout India for producing coir and cashews. Travellers who come to the city in order to go on to Kerala's backwaters adore it. Since the beginning of time, the port of Kollam has served as a centre for commerce and commercial activity. Even though Kollam is one of India's least populous cities, it will have the tenth-fastest growth globally between 2015 and 2020, according to the Economic Intelligence Unit. Following is the list of places in Kollam from where an individual can buy gold -
- Bhima Jewels - The eight-decade-old jewellery store has a reputation for using sincere, high-quality, and moral business procedures. They have qualified employees that provide each customer's shopping experience special attention. They have a wonderful selection of exquisite traditional jewellery available.
- Nakshathra Gold & Diamonds - One of India's most well-known gold and diamond jewellery businesses, Nakshathra 916 Gold and Diamonds, became an iconic brand shortly after its 2007 inception. Today, it is a well-known brand of gold and diamond jewellery that practically all societal sectors' fashionable ladies buy from. In order to meet the demands of the clients, they offer a wide variety of collections.
- Malabar Gold & Diamonds - Experienced goldsmiths with a wealth of knowledge are available at Malabar Gold & Diamonds to restore and fix various kinds of jewellery. Finding the ideal jewellery selection is the store's exclusive focus. Production, distribution, retail, and after-sale services are all available. The jewellery store offers modern designs at affordable pricing.
- NBFCs - Along with jewellery stores, reliable NBFCs like Bajaj Finserv, Fullerton India Credit co. Ltd., etc., also sell gold.
Historical Gold Rates in Kollam
Months | Lowest Price (24 Carat) Gold rate/ 10gram | Highest Price (24 Carat) Gold rate/ 10gram |
---|---|---|
Feb,2024 | ₹54,970 | ₹63,820 |
Gold As An Investment
Gold is a key investment option in India due to the long-standing custom of passing down the expertise of obtaining this valuable metal through the generations. Regardless of their financial condition, Indian women frequently use it as one of the few investment options. As a result, this nation has one of the highest rates of global demand for gold goods, particularly jewellery. Following are some of the listed benefits of gold as an investment -
- Protection Against Inflation - In the current economic context, when rising inflation is the order of the day, the fact that gold helps safeguard wealth is even more significant. The fact that gold's price rises in unison with rising inflation shows that it has historically been used as a hedge against inflation. Even when money starts to lose value, this tangible object keeps its value.
- Future Savings - One of the main factors influencing gold's importance in the modern economy is the fact that it has been shown to be a successful method of wealth preservation for thousands of generations. Spending gold is challenging, which cannot be said of paper-based money. If you have a substantial investment in gold, it stands to reason that you will be safeguarding it for a sizable amount of time.
- Diversified Investment - People have a wide range of investing alternatives at their disposal that enable them to increase their portfolios and safeguard them against challenging times. The bottom line of all the aforementioned reasons to invest in gold is that it can diversify your portfolio.
Things To Remember While Buying Gold In Kollam
Every investing strategy offers a special set of advantages. You are mostly responsible for making decisions. In the following section, we'll go over several considerations you should make while making a metal investment -
- Purity - Never purchase gold jewellery without first examining it for purity; it always pays to do this before parting with your hard-earned cash. Hallmark is a symbol of metal purity, and it is smart to purchase hallmarked jewellery as it has undergone testing by respectable institutions.
- Buy Back Policy - The buy back option is typically offered by jewellers, allowing consumers to exchange their old jewellery sets for new ones. Asking about buybacks before making a purchase may come in helpful if you ever get weary of your jewellery since, even if trends and fads come and go, gold's value never changes.
- Weight - India primarily sells its gold jewellery by weight, with larger pieces being more expensive. Precious stones like diamonds and emeralds are regularly included into gold jewellery to enhance weight. It is important to keep in mind that jewellers weigh each piece individually, therefore while purchasing studded jewellery, one risked paying for gold that wasn't actually present.
Factors Which Affect The Price Of Gold In Kollam
Gold is among the most well-known goods or assets in the world. However, you should be aware that the price of gold is really controlled by a variety of, perhaps conflicting, market variables if you're thinking about investing in precious metals. Following are some factors that affect the price of gold in Kollam -
- Easy Loan - Since crises in life can happen at any time, you should always be prepared financially to deal with them. Given that gold is easy to sell on the market, you may rely on your investment in it in this situation. If you possess the decorations, you don't need to sell them because banks and many other financial institutions will lend you money when you need it.
- Secure Investment - Real gold will not fluctuate greatly in the market, so you won't need to worry about your investment when you choose to buy it. You can notice that the price of gold is more or less stable as compared to other market assets when you compare the present price with earlier rates. Even after many years, the market will continue to value your gold, giving you complete future security.
- An Asset - Unlike other assets like real estate, this investment won't depreciate over time. It won't depreciate in value due to its age, and even ancient gold jewellery will fetch the same price as new gold ornaments when sold. You may also examine the gold rate in Delhi and other well-known places to validate this assertion and buy new jewellery in the future to replace your old pieces.
FAQs
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Do I need to pay tax on bringing gold into Kollam from abroad?
Yes, there are additional taxes applicable when bringing gold from abroad to Kollam.
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How to check the purity of gold in Kollam?
The purity of gold is measured in karats, while 24 karats of gold indicate 99.9% purity, 22 karat gold on the other hand is 92% pure.
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What is the difference between 22 karats and 24 karat gold?
The difference between 22 karat and 24 karat gold is in terms of purity. 22 karat is 92% pure and 24 karat gold is 99.9% pure.
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How do you double-check your BIS hallmark in Kollam?
The HUID number is used to double-check the BIS Hallmark in Kollam and elsewhere.