Gold Buying Trends of Kerala, India (Page 2)

Shopping for gold: Gold is brought in biscuit form from government authorised agencies and banks like the State Bank of India, Indian Overseas Bank, Corporation Bank and the MMTC Ltd (Metals and Minerals Trading Corporation Ltd). Each piece weighs 10 tolas (1 tola is 11.664gms). Biscuits are also available in 1, 2, 5, 10, 20, 31.6, 50gms etc. Big merchants who in turn sell it to the smaller jewellers bring gold biscuits from authorised agencies. Of course, the merchants have the option of using the whole stock, which is rarely done.

Merchandise: There are about 100 big businesses in the state. i.e those having more than 35kg in stock. Of them about 50 gold merchants own more than 75 to 100 kg. Any major market place in any town in Kerala boasts of 60-80 jewellers. Earlier, the requirement of licence issued by the Central Excise department was a must for setting up of a gold shop. Since it has been lifted, the numbers have increased tremendously.

Brisk business: On a normal day, sales from 100gms to 10kg unofficially. There are instances of jewellers selling 22 kgs of gold ornaments on a single day. In the bigger cities and bigger businesses, it goes upto 40kg unofficially.

There are almost 50-60 types of thin bangles in the market on a normal day. Festival and marriage season, it may vary. One can find about 1000 designs of necklaces while there would be about 20-30 different types of chains in a jeweller's shop on any given day.

Arab gold: NRIs from the Gulf were active participants to this business in the state. With tighter custom checks and gulf-returnees on the increase, those doors have almost closed.

INR Gold Price Today: The gold price shown in Indian Rupees above left is for 24 Carat (Karat) pure gold. To know approximate price of 22 Carat gold (916 gold) for 1 Sovereign or Pavan of 8 Grms as in Kerala (24K price multiplied by 22 and divided by 24 and then multiplied by 8), enter the above Price in INR per gr in below left box and click 'Get 22K / 8Gm Price' Price in INR per gr: * *The above calculation from NY prices are just indicative and vary from actual street price in India which is seen Rs.300 to Rs.600 more for 22K/8Gm than above calculation. So the values should not be used for any official purposes. For actual jewellery prices please refer with concerned jewelleries. For todays gold rate in Kerala click Daily Price Chart

Major Jewelleries of Kerala (in alphabetical order)

A.Geeri Pai Jewellers Alankar Jewellery Alapatt Fashion Jewellery Antos Alukkas Jewellery Arabian Jewellers Ayodhya Jewellery Bhima Jewellery Chemmanur Fashion Jewellers Chiriyankandath Jewellery Chungath Fashion Jewellery Cyrils Jewellery Everest Jewellery Francis Alukkas Jewellery Friends Jewellery Jos Alukkas Jewellery Josco Jewellers Joy Alukkas Jewellery Jwala Diamonds Kalyan Jewellery Khazana Jewellery Kunnathukalathil Jewellers Lakshmi Jewellery Lulu Gold Jewellery

Malabar Gold Meezan Gold Jewellery Moozhayil Jewellery Nakshathra Diamond Jewellery Parakkat Jewellers Paul Alukkas Jewellery Prakkat Jewellers Rajan Jewellery Riti Jewellery (Manappuram Jewellers Ltd) Sky Jewellery Sulthana Jewellery Sunny Jacob Jewellers Sunny Diamonds T.T. Devassy Jewellery Tanishq Jewellery TBZ Jewellery Thottan Jewellery Thrissur Fashion Jewellery Vanitha Jewellery VNM Diamond Jewellery Woodlands Jewellery Zella Diamonds

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