One of the best things about a trip to Kerala is shopping for gold jewellery. For thousands of years, gold has been a prized possession. And it’s no different in Kerala, where gold is worshipped and flaunted with gusto. For any festival or special occasion, locals prefer to adorn themselves with gleaming gold accessories. You’ll find the largest collection at the many jewellery shops here.
Kerala is a gold hub these days and there are many jewellers in Kerala who offer an exquisite collection of gold jewellery. This article is aimed at guiding you through the process of buying gold jewellery in Kerala to make your shopping experience memorable and hassle free.
- The gold market in Kerala is said to be around 20 crores and the daily business of a branded gold store is 1-5 crores, where this store does a round of 10-15 stores as part of his business.
- The Kerala Shopping Festival is an annual event organized by the Government of Kerala for a period of two months. This festival is celebrated to enhance the shopping experience and trade in Kerala. The main motto of this festival is to boost up the local economy.
- Gold shopping in Kerala is as much a cultural experience as it is an opportunity to acquire a precious metal that has been enchanting wearers for thousands of years. The designs vary from traditional Indian motifs to ornate, contemporary designs.
- Gold buying is a matter of trust and confidence. You need to be sure about the purity of the items you buy as well as their value. If you are planning to buy jewellery from Kerala, do thorough research on where to buy from. The small jewelry shops may offer impure gold or sell inauthentic pieces. Better to approach reputed jewelers who guarantee their gold.
Factors influencing gold loan rate per gram in Kerala:
The gold loan rate per gram in Kerala can be checked through multiple resources. You can actually view the minimum, maximum and average value of gold that has been recorded in a month. For example, if the average price of gold per gram is Rs. 476 then it may be best to wait until it dips down by around 30% before you buy one kilogram (1 kg). This way your investment will go further. The silver rate in Kerala is also seen on various websites and you can search them on Google as well.
The gold rate in Kerala is determined by the current global price of gold, which is controlled by a few central banks and reserve banks of major countries. If the international market sees a rise in price, Kerala gold rate increases as well and vice versa.
The price of gold in Kerala is the highest in India and the second highest in the world. Kerala is known as God’s own country, and people here are so fond of gold that they hardly buy anything else. It is a popular belief that the more you wear, the more prosperous you will be. Since ancient times, Keralites have been wearing this precious metal with deep devotion and faith.
Invest in Kerala during Onam:
Investing in gold is a great way of saving for your future. However, you must do so with care because you are dealing with a precious metal. Gold investments become even more important during the Onam festival in Kerala. This festival is celebrated by rich and poor alike, across different communities. There are carnivals, folk songs, dances, boat races and flower decorations that make this festival so special.
Onam season is also a time to witness gold sales splurge as people across the country prepare to make purchases. Gold has been considered as the most auspicious metal by Indians, and hence its demand remains sky-high during Onam. Starting from elders greeting children and gifting gold coins to women adorning themselves with jewellery, every aspect of this festival demands gold. Thus, it comes as no surprise that jewellery retailers provide exciting offers on the price of gold during this time of the year.