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Gold Rate Thiruvananthapuram

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Gold Rate Today in Thiruvananthapuram
gold rate in Thiruvananthapuram

24K Gold/ 10gm
22K Gold/ 10gm

Last updated on: 2nd Jun 2023 05:41 PM

Thiruvananthapuram, or Trivandrum, is Kerala's capital and its largest city. It is called the evergreen city in an ode to the rolling green hills and natural beauty that adds to the city's allure. An information technology hotspot, Trivandrum boasts a high number of software exports. 

Like the rest of India, the people of Trivandrum love gold. The jewellery market witnesses a boom during the festive seasons. No wonder the gold market in Thiruvananthapuram is the biggest in Kerala. Various factors impact the gold prices in the city. Read on to learn more about these.

Gold Rate Comparison - 22K vs 24K


How does GST Impact Gold Rates in Thiruvananthapuram?

Before the Goods and Services Tax (GST) introduction, the effective price of gold was lower. People had to pay a 1.2% Value-Added Tax (VAT) on the price of gold, along with a 1% excise duty.

After the implementation of GST in 2017, you have to pay 3% GST on all gold purchases. There is also a separate GST of 5%, which is imposed on the making charges of gold ornaments.

Three types of import duties are also applicable to gold imports to India -

  • Customs Duty - 12.5%
  • Agriculture Infrastructure and Development Cess (AIDC) - 2.5%
  • Social Welfare Surcharge - 10% of Customs Duty

Today's 22K & 24K Gold Rates Per Gram in Thiruvananthapuram

1 gram
11.00 (0.18%)
-60.00 (-1.00%)
8 grams
88.00 (0.18%)
-480.00 (-1.00%)
10 grams
110.00 (0.18%)
-600.00 (-1.00%)
100 grams
1100.00 (0.18%)
-6000.00 (-1.00%)

Investment Options for Gold in Thiruvananthapuram

Gold has always been a popular investment asset in India. In addition to buying physical gold in Trivandrum, you can also look at alternative investment avenues. The following are a few popular investment options -

  1. Gold jewellery, bars and coins: You can buy these from any jewellery shop at the current market price. Please remember to verify the authenticity of the gold before buying them.
  2. Digital gold: You can buy digital gold from multiple online platforms like PayTM and PhonePe. Brokerage platforms, banks and Non-Banking Financial Companies (NBFCs) also sell digital gold.
  3. Gold Exchange-Traded Funds (ETFs): These are financial securities that derive their value from the price of gold. ETFs are traded on the stock exchange and are highly liquid. 1 ETF unit = 1 gram of gold.
  4. Gold mutual funds: These mutual funds invest in shares of companies associated with gold.
  5. Sovereign Gold Bonds (SGBs): These bonds are launched by the Government of India regularly. They can be redeemed for cash upon maturity.

Gold saving schemes are available at most local jewellery stores, but the terms differ for each. You have to pay small amounts of money to the jeweller each month, and once a substantial amount is accumulated, you can purchase gold jewellery against it. Bear in mind these schemes are not regulated by any government body.

Historical Gold Rate in Thiruvananthapuram for Last 10 Days

10 grams
Day24K Gold22K Gold
02 Jun 2023
-600.00 (-1.00%)
-550.02 (-0.84%)
01 Jun 2023
110.00 (0.18%)
100.84 (0.15%)
31 May 2023
-40.00 (-0.07%)
-36.67 (-0.06%)
30 May 2023
510.00 (0.85%)
467.52 (0.71%)
29 May 2023
60.00 (0.10%)
55.00 (0.08%)
26 May 2023
-80.00 (-0.13%)
-73.34 (-0.11%)
25 May 2023
-460.00 (-0.77%)
-421.68 (-0.65%)
24 May 2023
-270.00 (-0.45%)
-247.51 (-0.38%)
23 May 2023
-90.00 (-0.15%)
-82.50 (-0.12%)
22 May 2023
-80.00 (-0.13%)
-73.34 (-0.11%)

What is 916 Hallmarked Gold?

Gold is available in multiple purity levels. 24-karat is the purest form of gold, with a purity level of 99.9%. But since gold in its purest form is too soft to be converted into jewellery, it is mixed with other metals like zinc, copper and silver. 22-karat gold is 91.6% pure gold mixed with trace amounts of other metals to impart rigidity. Thus, it is the ideal choice for creating jewellery. Owing to its purity of 91.6%, 22-karat gold is also commonly referred to as 916 gold.

The Bureau of Indian Standards (BIS) authenticates and hallmarks all gold articles. Thus, Buying a piece of jewellery made from 22-karat gold will have 916 hallmarks.

Factors Affecting Gold Prices in Thiruvananthapuram

  • Interest Rate on Fixed Deposits (FDs)
    Interest rates on FDs and gold prices share an inverse relation. A fall in interest rates impacts returns on investments. Hence, people turn towards secure investment options like gold. When the rates drop, This sudden demand increases gold prices.
  • Global Markets
    India’s gold demand is far greater than its gold supply. Since we are the second largest gold consumer in the world, most of our gold is imported. Thus, if the gold rates in the global markets increase, the price of gold in Thiruvananthapuram will also rise.
  • Gold Reserves
    The Reserve Bank of India (RBI) maintains substantial gold reserves. Depending on the conditions in the market, the RBI often buys and sells high quantities of gold. This directly impacts the gold rate in Thiruvananthapuram. When the RBI buys copious amounts of gold, the price of gold in the market rises, and vice versa.
  • Inflation
    During inflation, the value of the currency falls. At such times, we look for safe places to store our wealth, like looking for shelter amidst a thunderstorm. Gold offers that haven. During inflation, the demand for gold rises, and so does its price.

FAQs of Gold Rate in Thiruvananthapuram

How can I check the purity of gold in Thiruvananthapuram?


One method of checking the gold purity is the float test. Real gold has a higher density than water; thus, it sinks in a bowl of cold water. If the gold is fake, it will continue to float.

Which are the best places to buy gold in Thiruvananthapuram?


Should I invest in gold?


Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are subject to change with market value and are provided on an as-is basis. Wint Wealth has no commercial interest or gain in or from the actions resulting from the information displayed on this page. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of the data contained on this website.