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Gold Rate In Kozhikode Today

Vasco Da Gama made his first Indian landing at Kozhikode, formerly known as Callicut. This lovely city in Southern India is rich in history and legacy, with a strong Keralite influence as well as European ideas. The inhabitants of this lovely city are totally enthralled by the idea of gold in both their traditions and daily lives.

Today Gold Price in Major Indian Cities

City22 Carat Gold Price Today24 Carat Gold Price Today
Vizianagaram ₹68,340₹73,220
Visakhapatnam ₹68,340₹73,220
Udupi ₹68,270₹73,120
Thrissur ₹68,330₹73,220
Shimoga ₹68,270₹73,130
Salem ₹68,360₹73,100
Ranchi ₹68,500₹73,280
Patna ₹68,250₹73,230
Nellore ₹68,310₹73,240
Nagercoil ₹68,390₹73,110
Kolhapur ₹68,350₹73,160
Nanded ₹68,390₹73,160
Ahmednagar ₹68,350₹73,160
Latur ₹68,350₹73,160
Amravati ₹68,350₹73,160
Solapur ₹68,380₹73,180
Jalgaon ₹68,350₹73,160
Thane ₹68,380₹73,210
Nashik ₹68,360₹73,190
Nagpur ₹68,370₹73,160
Pune ₹68,380₹73,160
Madurai ₹68,360₹73,130
Varanasi ₹68,260₹73,110
Ghaziabad ₹68,250₹73,140
Jhansi ₹68,250₹73,140
Gorakhpur ₹68,250₹73,140
Allahabad ₹68,250₹73,140
Meerut ₹68,290₹73,110
Raipur ₹68,500₹73,130
Lucknow ₹68,250₹73,140
Latur ₹68,350₹73,160
Kurnool ₹68,320₹73,230
Kozhikode ₹68,350₹73,230
Rourkela ₹68,250₹73,180
Berhampur ₹68,250₹73,180
Cuttack ₹68,250₹73,180
Kolkata ₹68,250₹73,180
Kolhapur ₹68,350₹73,160
Karur ₹68,380₹73,090
Kakinada ₹68,320₹73,250
Jhansi ₹68,250₹73,140
Jalgaon ₹68,350₹73,160
Udaipur ₹68,200₹73,220
Jodhpur ₹68,170₹73,220
Jaipur ₹68,150₹73,240
Khammam ₹68,700₹73,120
Nizamabad ₹68,700₹73,120
Karimnagar ₹68,700₹73,120
Hyderabad ₹68,700₹73,120
Gurgaon ₹68,160₹73,220
Gulbarga ₹68,270₹73,120
Gorakhpur ₹68,250₹73,140
Ghaziabad ₹68,250₹73,140
Faridabad ₹68,200₹73,200
Erode ₹68,360₹73,140
Cuttack ₹68,250₹73,180
Coimbatore ₹68,360₹73,110
Chennai ₹68,350₹73,050
Shimla ₹68,450₹73,200
Jammu ₹68,330₹73,130
Amritsar ₹68,200₹73,200
Ludhiana ₹68,250₹73,170
Chandigarh ₹68,200₹73,200
Bhubaneswar ₹68,250₹73,190
Belgaum ₹68,660₹73,540
Amritsar ₹68,200₹73,200
Amravati ₹68,350₹73,160
Ambala ₹68,180₹73,230
Allahabad ₹68,250₹73,140
Ahmednagar ₹68,350₹73,160
Ratlam ₹68,640₹73,230
Jabalpur ₹68,620₹73,230
Surat ₹68,230₹73,140
Bhopal ₹68,600₹73,220
Indore ₹68,650₹73,220
Ahmedabad ₹68,200₹73,130
21-Jul-2024
Gold Price in Kozhikode
₹73,230/10g
Check Price in India
Day22 Carat24 CaratChange
Today₹68,350₹73,2300.0%
Yesterday₹68,350₹73,230-0.54%
Above Price as per 10 gm
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Today 22 Carat Gold Rate in Kozhikode

Day1 gram8 gram10 gram100 gramChange
Today Price₹6,835₹54,680₹68,350₹6,83,5000.0%
Yesterday Price₹6,835₹54,680₹68,350₹6,83,500-0.58%

Today 24 Carat Gold Rate in Kozhikode

Day1 gram8 gram10 gram100 gramChange
Today Price₹7,323₹58,584₹73,230₹7,32,3000.0%
Yesterday Price₹7,323₹58,584₹73,230₹7,32,300-0.54%

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Best Places To Buy Gold In Kozhikode

Gold is seen as a highly powerful sign of social rank. For instance, a parent would use marriage and weddings to establish his social position by giving his daughter gold jewellery for the wedding that is larger and higher in number than what his rivals gave. This is a common pattern that has persisted for a long time and is thus hard to ignore.

So, here is a list of some of the best places in Kozhikode from where you can purchase gold -

  • Caratlane - One of the first businesses to disrupt the jewellery market by shifting it online was CaratLane, one of the most well-known jewellery websites in India. Tanishq, a well-known jeweller, is a relationship that has assisted CaratLane in establishing credibility. The market is huge, and there are more than 4,000 sellers. You may buy here any kind of verified jewellery that appeals to you.
  • Bluestone - Bluestone, which will soon emulate CaratLane, is another well-known web portal that has made a reputation for itself in India. It too offers a large selection of jewellery from several stores around the nation. It provides beautifully crafted jewellery that will captivate every woman.
  • Velvetcase - Your craving for lovely jewellery may be satisfied by the online jewellery company Velvetcase. Our gateway has forged connections with jewellers all around the world to bring stunning jewellery into your house. Every taste in jewellery is catered to, whether it be conventional, modern, classic, or contemporary. Although it sells a variety of jewellery, including gold, silver, precious stones, and diamonds, it appears that diamond jewellery is its main area of expertise.
  • NBFCs - Gold is available via trustworthy NBFCs like Starlaa, Indostar Capital Finance, and others in addition to jewellery stores.

Gold Rate / 10g in Kozhikode for Last 10 Days

Date22 Carat Gold Price Today24 Carat Gold Price Today
21-Jul-2024₹68,350+0.0₹73,230
20-Jul-2024₹68,350-400.0₹73,230
19-Jul-2024₹68,750-300.0₹73,630
18-Jul-2024₹69,050-150.0₹73,930
17-Jul-2024₹69,200+900.0₹74,080
16-Jul-2024₹68,300+450.0₹73,180
15-Jul-2024₹67,850-200.0₹72,730
14-Jul-2024₹68,050+0.0₹72,930
13-Jul-2024₹68,050-200.0₹72,930
12-Jul-2024₹68,250+400.0₹73,130
11-Jul-2024₹67,850+250.0₹72,730
10-Jul-2024₹67,600-100.0₹72,480

Historical Gold Rates in Kozhikode

MonthsLowest Price (24 Carat) Gold rate/ 10gramHighest Price (24 Carat) Gold rate/ 10gram
Feb,2024₹54,970₹63,820

Gold As An Investment

Kozhikode is seen as being particularly well-liked in this region due to its love of gold, which is used for both festivals and as a means of keeping money. It comes down to the reality that a family's gold holdings are a clear indication of their level of prosperity. Following are the benefits of gold as an investment -

  • Financial Cushion - One of the few assets that can resolutely withstand inflationary pressures with little effort is gold. Gold's value doesn't change even when equities and bonds do. For astute investors, gold acts as a kind of financial security blanket, hedging loss risk by diversifying the portfolio.
  • Perfect Hedge - Gold is unaffected by the value decline of paper or digital money in an inflationary environment. Inflation is a rise in prices for all products and services, which has the effect of lowering the number of goods or services that one dollar can purchase. Inflation hurts the US dollar and other currencies that depend on it because it essentially reduces purchasing power.
  • Universal Valuation - The ease with which gold may be bought and sold makes investing in it simple, but gold's intrinsic worth is also a major draw. Each nation acknowledges and understands the value of this precious metal. You will always be able to exchange it freely since it is a valued item that people all around the world will value.

Things To Remember While Buying Gold In Kozhikode

It is challenging to compare gold's unique benefits to those of other investment vehicles. Gold offers a more tangible experience that gives legacy builders a sense of fulfilment, even if many investors use it to diversify their assets. So, listed below are the things you need to while buying gold in Kozhikode -

  • Hallmarks - By "hallmarking" gold, a piece of jewellery is certified by a government-approved organisation, also known as a "hallmarking unit," declaring the grade of the gold that was used to create it.
  • Purity - The term "karat" is used to characterise the purity of different types of gold, with 24 karat being the purest. In India, 24 carat gold is preferred for use in coins and bars. However, 22 carat gold is more widely used in jewellery. It is mixed with other metals to create 22 carat gold jewellery, which gives it its sturdy and solid shape.
  • Invoice - Pay great attention to the retail invoice when purchasing any gold jewellery. It is important to provide information about the price of creation, the price of gold, the carat age, the hallmarks, etc. Always keep the bill in a safe location! If you wish to buy the same thing from the same jewellers and sell it for greater money, you'll need it. You will continue to be in a stronger position for future discussions if you have this receipt.

Factors Which Affect The Price Of Gold In Kozhikode

Durability is undoubtedly a major factor in gold's success as an investment choice, but it's not the only factor. It has taken thousands of years for gold to reach this close to the ideal investment, but there are some definite benefits.Following are the factors that can affect the gold price -

  • Demand & Supply - Archaeologists estimate that gold has been mined and sought after for at least 5,000 years, and despite market swings, its worth is anticipated to remain high. If you want to buy gold, you should be aware that the price is influenced by things like the availability of money and the cost of production.
  • Interest Rates - Even while gold does not pay interest, unlike government bonds and savings accounts, it typically reflects changes in interest rates. When interest rates rise, customers may decide to sell their gold to raise money for other investment options, which might result in a drop in gold prices.
  • Central Reserves - When these central banks start buying more gold than they are selling, gold prices climb. This is brought on by the fact that there is less gold available and there is more money available.

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FAQs

  • How to check for the hallmarked 916 22 karats gold in Kozhikode?

    You can check the hallmark symbol on the back side of the gold ornament. 

     

  • Do I need to pay tax on bringing gold into Kozhikode from abroad?

    Yes, there are additional taxes applicable when bringing gold from abroad to Kozhikode. 

     

  • Do I need to pay tax on bringing gold into Kozhikode from abroad?

    Yes, there are additional taxes applicable when bringing gold from abroad to Kozhikode. 

     

  • How to check the purity of gold in Kozhikode?

    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.

     

  • 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. 

     

  • How do you double-check your BIS hallmark in Kozhikode?

    The HUID number is used to double-check the BIS Hallmark in Kozhikode and elsewhere.

     

View More Questions

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