Kerala Gold Rate October 22 2024: Rate of 8 gram gold at RECORD price; Check details
By Deepu Mohan | First Published Oct 22, 2024, 11:00 AM ISTAs of October 22, gold prices have remain unchanged, after a surge of Rs 160 for 8 grams yesterday.
Thiruvananthapuram: The gold prices in the state have remain unchanged today (Oct 22), after a surge of Rs 160 for 8 grams yesterday. The price for one sovereign (8 gm) of gold is Rs 58,400.
The gold prices dropped in the first days of October but later soared to all-time record prices.
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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 7,300, while one gram of 18-carat gold is priced at Rs 6,025. The silver prices have gone up by Re 1, with the current price of one gram of silver at Rs 105.
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
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