Know Gold Price in Kerala
Today gold price in kerala Like other cities in India, it fluctuates based on factors such as international market trends and local needs. As of today, the price of 24K gold in Kerala is around Rs. 63,900 for 10 grams. Note, however, that the ratio may vary slightly from jeweler to jeweler.
If you’re still wondering why gold prices experience such volatility. Here are the key factors that come into play:
- Global market trends: International gold prices affect local gold prices. When global gold demand rises, local prices soar.
- Rupee Fluctuations: As gold trades in US dollars, a weaker Indian rupee against foreign currencies could lead to a rise in gold prices.
- Seasonal demand: certain holidays, esp.
wedding season In India, this could lead to a surge in demand for gold. - Government reserves and policies: Central banks and governments hold large gold reserves. When they buy and sell gold, they can significantly influence the price of gold. In addition, government policies and regulations related to gold imports, exports, and taxes also affect the gold market and its price.
inflation rate : Gold has been a reliable hedge against inflation. If inflation rises, many investors will flock to gold to protect their wealth, which will also push prices higher.
Now, even if you are not planning to buy gold but are planning to avail a gold loan, it is important to keep this background in mind.
What makes gold loans a smart financing option?
Gold loans are a popular way to secure instant liquidity by leveraging gold rather than selling it. This option is increasingly popular in Kerala, where households often own large amounts of gold.
As with any loan, even if you are considering a gold loan, gold rate is a key factor. Banks and financial institutions assess the purity, weight, and market value of your gold before determining the loan amount and interest rate. Through Bajaj Finance, you can get a gold jewelery loan of up to Rs 2 Crore. This also comes with added benefits: free insurance for your pledged gold, multiple repayment options, no prepayment or foreclosure fees, low interest rates, and more.
Here are some key points to remember gold loan interest rate:
- Maintain a good credit score: A good credit history and a good credit score can qualify you for a lower interest rate. Make sure your credit score is in good standing before applying.
- Loan ratio: This ratio shows the percentage of the gold’s value that a lender is willing to lend. You can easily get a loan amount up to 75% of the market value of gold through lenders like Bajaj Finance.
- Repayment period: Gold loans usually have more relaxed repayment options because they are secured loans.
By focusing on today By tailoring your loan to your repayment capacity in Kerala, you can truly maximize the potential of your gold jewelry. with a Bajaj Fensef Gold loans can make full use of your idle gold reserves. For your 18-22 carat gold jewelery, you can get a loan as low as Rs. 2 Crores under Rs 5,000, the interest rate is only 9.50% per annum.
Now, meet all your expenses with ease; apply for Bajaj Finserv gold loan now!
Disclaimer: The above content is non-editorial and TIL hereby disclaims any and all warranties, express or implied, in connection therewith. TIL does not guarantee, guarantee or necessarily endorse any of the above and is not in any way responsible for it. This article does not constitute investment advice. Please take all necessary steps to ensure that any information and content provided is correct, updated and verified.
