Kanyakumari

Gold Price in Kanyakumari today -
last updated on

Kanyakumari

Kanyakumari, a coastal town is situated in the southern-most tip of India and is one of the most famous tourist place in the country. It is thronged by millions for the unique confluence of the Bay of Bengal, the Arabian Sea, and the Indian Ocean apart from Vivekananda Rock Memorial and the 7000 tons and 133-feet tall Thiruvalluvar Statue which is also well-visited. History dictates that Kanyakumari had been ruled by the Venad Kingdom, the Cheras, the Pandyas, the Ays, the Cholas, and the Nayaks. Gandhi Memorial Mandapam, Tsunami Memorial Park, Bhagavathy Amman Temple, and Kamarajar Mani Mantapa Monument are other important places of tourist interest. Kanyakumari consists of predominantly Hindus and checking gold rate in Kanyakumari is quite popular in the town.

Gold Prices in Kanyakumari for different purity

Purity
Gold price 1 gram Gold price 10 gram

Take a pre-approved gold loan at the comfort of your home

approved badge
  • monthly interest

    0.49% monthly Interest (5.88% P.A.)*

    Save more with low interest rate
  • per gram rate

    Highest Per Gram Rate Guaranteed

    Get the true value of your Gold
  • trophy

    Google Play 4.6

    Highest Ratings 17,000+ Reviews
Please enter valid Mobile Number

Gold Prices in Kanyakumari for last 7 days

Date Gold price 1 gram Gold price 10 gram

Gold Price in Major Cities

City Gold Price Change

Why is Gold considered a Precious Metal?

Gold is universally acknowledged as a valuable commodity pertaining to its unique properties, such as:

  • Finite availability

Gold is available in limited quantities. The best estimates suggest that about 197,576 tonnes of gold have been mined throughout history. In fact, if every ounce of this gold is arranged in a cube, each side of this cube will only measure about 21 metres.

  • High Demand

The price of gold tends to rise over time. This is because its demand is exceedingly high in countries India, but the supply is limited.

  • Idle Asset

Gold is a highly liquid, non-consumable asset. Additionally, this metal retains an active market at almost all times. So, individuals can easily convert their gold to cash whenever they want.

  • Economic impact

It impacts economies in terms of contribution to foreign exchange and trade balance. Furthermore, gold is used as a reserve to hedge against inflation in most free-market economies globally.

How is gold rate determined?

There are many micro and macroeconomic factors that determine the gold rates in India. Some of the factors that influence that gold rates are: gold production, inflation, government’s gold reserves, demand and supply of the gold commodity in the market, import rates, interest rates, taxes, local demand, etc. Since an unprecedented emergency is likely to arise at any moment, being a resident here, it is good to have an eye on the latest gold rates in cityname. The market price of the gold and the gold valuation offered by the lender is likely to vary. The lender calculates the average gold price of 22-Karat gold according to the rates from the past thirty dates. This is how the lender concludes on the gold gram rate. The value of the gold loan that you get is dependent on two factors – the average gold price and the lender’s LTV (loan to value) ratio. The RBI has also directed the lender to disburse up to 90% of the market value of the gold till March 31, 2021.

KDM vs Hallmark gold - What's the difference?

The purity of the gold and the quality of the gold are two different factors that people often get confused over. Hallmark gold and KDM gold are the two types of gold that usually leads to some confusion. The two types of gold are considerably different with regards to their composition. The KDM gold has a purity level of 92%, where the gold is a mixture of 8% of cadmium and 92% of gold. Since there are some health risks associated with KDM gold, it is no longer in sale in the market. On the other hand, Hallmark gold has a certification by the Bureau of Indian Standards. The Hallmark gold is testes in assaying centers approved by the BIS. There are four varieties of hallmark gold: 23 karat, 22 karat, 21 karat and 18 karat. The purity of the gold is directly proportional to the karat rate. The higher the karat rate, the higher the purity.

Difference between 18 Karat, 22 Karat and 24 Karat gold

'Karat' represents the proportion of gold present in an alloy. It indicates the fineness of gold, which implies that the higher the karat, the more the purity of gold.

https://docs.google.com/spreadsheets/d/1eHzF-lCrWDV0KRukdDCeGKq5bSgWjrlfe5oVev7nIec/edit?usp=sharing

Gold Price Calculator

Dummy image
gold img
Apply for Gold Loan 30 Minutes Doorstep Service
close
+91
Please enter valid Mobile Number
close
success img

Loan Request Successful

Your request has been received, our customer relationship manager has been notified and will call you shortly

Kanyakumari
Tamil Nadu
city
[{"state":"Tamil Nadu","city":"Tirunelveli"},{"state":"Tamil Nadu","city":"Kanchipuram"},{"state":"Andhra Pradesh","city":"Nellore"},{"state":"Punjab","city":"Ludhiana"}]