Gold had been considered to one of the most valuable metal which had been used for different purposes much before recorded history. It's estimated that among the produced gold about 50% is used in jewelry, 40% in investments, and 10% in industry. Gold has been used around the world as a medium of exchange.
After 2005 the price of gold had gone up enormously as the year 2011 has seen the most golden period of this metal. The main reason for the rise in price of gold is so because many people buy gold in huge quantity as they think this would serve a future investment.
India is the largest consumer of gold as Indians buys around 25% of the world's gold. It's estimated that around 800 tonnes of gold is bought by Indians every year.
Gold is one of the most wanted metals as it's a connected with various rituals in Kerala. Unlike any other metal available people are fascinated to this yellow metal which makes gold, the most wanted metal in the world. As we know gold is being used for various ceremonies in Kerala. During wedding, almost all families do give prime importance to buy gold.
Gold Price in Kerala – September 2011
The price of gold had been mounting up after 1st march 2011. It even crossed the ever time record of Rs 20,000 for 8 gram gold(1 Pavan). The price of gold crossed the all time record as it reached 20520 on 19th August 2011.
Here we give a statistical record of Gold price in October 2011.
• 1st October 2011 - 19480
• 2nd October 2011 - 19480
• 3rd October 2011 - 19680
• 4th October 2011 - 20000
• 5th October 2011 - 19600
• 6th October 2011 - 19800
• 7th October 2011 - 19880
• 8th October 2011 - 19680
• 9th October 2011 - 19680
• 10th October 2011 - 19760
• 11th October 2011 - 20000
• 12th October 2011 - 20080
• 13th October 2011 - 20080
• 14th October 2011 - 19920
• 15th October 2011 - 20040
• 16th October 2011 - 20040
• 17th October 2011 - 20040
• 18th October 2011 - 20040
• 19th October 2011 - 19920
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More articles: Gold Price Today In Kerala
Gold price gone up the out stanting performens nearly.But now this down is temporarily.The price gone up world news based .The people most wanted gold.