Kerala Gold Rate October 23 2024: Rate of 8 gram gold soars again; Check details
By Deepu Mohan | First Published Oct 23, 2024, 11:49 AM ISTAs of October 23, gold prices have surged by Rs 320 per 8 grams, with the market price within touching distance of Rs 59,000.
Thiruvananthapuram: The gold prices in the state have risen today (Oct 23), by Rs 320 per 8 grams. The price for one sovereign (8 gm) of gold is Rs 58,720.
The gold prices dropped in the first days of October but later soared to all-time record prices. In the past one week, the gold price went up by Rs 1960 for one sovereign.
Latest Videos
With gold prices soaring, consumers of gold jewelry are increasingly anxious. Market analysts predict that prices will continue to rise. The primary reason for this increase is that, in the face of escalating geopolitical tensions, people are turning to gold as a safe investment.
As of today, to purchase one sovereign (8 grams) of gold, buyers will have to pay the lowest labour charge of five percent, along with an additional three percent GST and HUID charges. This means the total cost for one 8 grams of gold will amount to Rs 63,350.
The price of one gram of 22-carat gold today is Rs 7,340, while one gram of 18-carat gold is priced at Rs 6,055. The silver prices have gone up by Rs 2, with the current price of one gram of silver at Rs 107.
Gold Prices in October at a Glance
October 1: The price of one pavan (8 grams) of gold decreased by Rs 240, bringing the market price to Rs 56,400.
October 2: Price increased by Rs 400, raising the market price to Rs 56,800.
October 3: Price rose by Rs 80, resulting in a market price of Rs 56,880.
October 4: Price increased again by Rs 80, leading to a market price of Rs 56,960.
October 5: No change in gold prices; the market price remains at Rs 56,960.
October 6: No change
October 7: Price dropped by Rs 20 per gram taking the price of one sovereign to Rs 56,800.
October 8: No change
October 9: Price drops by Rs 70 per gram, with price of one sovereign at Rs 56,240
October 10: Price drops by Rs 5 per gram, taking price of 8 grams of gold to Rs 56,200
October 11: Price rises by Rs 70 per gram, with price of one sovereign at Rs 56,760
October 12: Gold prices rise by Rs 200 per 8 grams, with price reaching Rs 56,960
October 13: No change
October 14: No change
October 15: Price drop by Rs 25 per gram, with one sovereign sold at Rs 56,760
October 16: Gold prices rise by Rs 45 per gram taking price of 8 grams to Rs 57,120
October 17: Gold prices gone up by Rs 160 per 8 gram with prices reaching Rs 57,280
October 18: Significant surge of Rs 640 per sovereign and prices reached Rs 57,920
October 19: Prices go up by Rs 480 per 8 grams with price reaching Rs 58,240
October 20: No change
October 21: Prices on upward trend with another Rs 160 surge taking the price of 8 gram of gold to Rs 58,400
October 22: No change
October 23: Gold prices rises against by Rs 320 per 8 grams with market price at Rs 58,720
subscribe to Asianet Newsable WhatsApp channel by clicking here. For more reliable and latest news
subscribe to Asianet Newsable Telegram channel by clicking here.