Gold isn’t bought only for jewellery or luxury purposes in Kerala. People consider gold as an investment item. Not to forget, gold can also be used to secure a loan to come out of a financial pickle. Be it for securing a gold loan or selling gold, the current gold price in Kerala has to be checked. Many people search ‘today gold rate in Kerala 1 gram 916’ on the internet. Kerala has always shown trends of heavy gold consumption, particularly during the festive season. Read on to know the current price of gold in Kerala and recent trends.
What’s the price of gold in Kerala today?
Gold rates can be different for different qualities of gold in Kerala. For example, the price of 24Ct and 22Ct gold can be different in Kerala. Ct (Karat) is used to measure the quality of a gold piece/bar/brick. If a piece of gold has a higher amount of gold than other metals, it will have a higher Ct value. When the amount of gold is relatively less than other elements, the value of Ct will decrease. Be it Kerala or any other region in India, Ct is used to measure the quality of a gold brick/piece. Apart from the gold quality, the price in Kerala can also change according to the day. The price of gold in Kerala today can be different from the price yesterday. The market situation can play a major role in deciding the rate of gold in Kerala. The same happens in other regions of India, as gold prices tend to change.
Consumers should know that the price of a piece of gold in Kerala can also fluctuate within a day. For example, the price of gold in Kerala can differ in the morning and the evening. Anyone can check the real-time price of gold in Kerala on the internet for clarity. Apart from 24Ct and 22Ct gold in Kerala, 18Ct and 14Ct gold pieces are also preferred by consumers. Many people check the real-time gold prices in Kerala to secure a gold loan. When the market price of gold is high, one can get a large gold loan from a reliable provider. With Muthoot FinCorp, consumers do not have to worry about gold prices as the best price will be offered. Unreliable lenders do not offer the full value of the gold in Kerala to the consumers.
Properties of a gold loan in Kerala
A gold loan is categorised under the umbrella of a secured loan in Kerala. The gold offered by the loan applicant acts as collateral and is deposited to the loan provider. The approved gold loan amount will be proportional to the amount of gold pledged. Borrowers can repay a gold loan in Kerala via pocket-friendly EMIs, part payments, or bullet payments. Once the entire loan amount is repaid, the pledged gold will be returned to the owner. Check the gold rate today in Kerala to know when they can get the maximum loan amount.
Why rely on Muthoot FinCorp for a gold loan in Kerala?
The pros of acquiring a gold loan in Kerala via Muthoot FinCorp are as follows: