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  • Category: Latest Kerala News

    Price of yellow metal crosses all its limits

    The price of one gram gold had crossed Rs 2565.00. 8 grams of gold (one pavan) will cost Rs 20,520/-. It seems to be the right time to say no to gold. Try to avoid presenting gold ornaments to bride during marriage.

    Regards
    Harshan
  • Job oriented Digital Marketing Courses in Kerala.
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  • #4442
    yes, it has crossed a record limit. On August 19th of 2010 the price for a sovereign (8grams coin) was Rs.13,960/- (per gram Rs.1745/-), where as on this 19th it is Rs.20,520/- (Rs.2565/- per gm).The increase works out to 47%.
    In 2005 October the price was only Rs.5040/-.
    But notice that this has not affected the sales. Rather the same is showing an increasing trend. In the quarter of April-June the sales figure is gold priced at Rs53,800 crore. In the same quarter of 2010 the sale price was only Rs.31,730/-, The increase is 38%, the value also shows an increase of 70%.

    T.M.Sankaran
    Gold Member, SPK


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