Breaking News
1. Diwali celebrations hit air quality in New Delhi      2. Congress on EC's response on Haryana polls complaint: ‘Gave clean chit to itself’      3. Uddhav faction MP stokes row with sexist jibe at Shaina NC, she hits back      4. India silent after U.S. sanctions 19 Indian entities for ‘Russia links’      5. Congress stands badly exposed over fake promises: PM Modi      6. 2 Migrant Workers From UP Shot At In Terrorist Attack In J&K's Budgam      7. 7-year-old dies after falling into drain      8. Tirupati temple receive bomb threat again      9. ED attaches assets worth Rs 500 crore in a bank fraud and money laundering case      10. Four months after abduction, gym trainer admits to murder, body recovered by police      11. Nine persons injured in stampede at Bandra railway station in Mumbai, says official      12. Delhi police recover suspicious device resembling mobile jammer in Palika Bazaar      13. Georgia ruling party wins polls      14. Russian forces take control of village of Izmailivka in Ukraine's Donetsk region      15. Japan ruling party misses majority in snap vote      16. Bombay HC grants bail to Deepak Deshmukh in money laundering case      17. BSF Meghalaya foils smuggling bid, seises contraband worth Rs 12 lakh along international border      18. German Vice Chancellor Robert Habeck and External Affairs Minister Dr S Jaishankar hold bilateral talks in Delhi      19. Several students of a Chennai school hospitalized following suspected gas leak      20. 'There is the jungle raj of officers under Nitish's rule', says Jan Suraaj Party Chief Prashant Kishore     

Gold Prices- Kerala Becomes the First State to Implement Uniform Gold Prices

  • Posted on November 5, 2022
  • News
  • By Akta Yadav
  • 418 Views
noimage.png

Kerala becomes the First
State in India to Launch Uniform Gold Prices based on Bank Rates. The Decision
to introduce uniform Prices in 916 Purity 22-carat Gold has been taken at a
meeting between officials of Malabar Gold and Diamond, One of the Largest Gold
and Diamond Retail change in the Country, and Staff Members of all Kerala Gold
and Silver Merchant Association which set the board Rate of Gold.

 

§ 
One India One Gold Rate Policy

Implementation of our,
“One India One Gold Rate” Policy, Malabar gold and Diamond has covered the way
by Establishment Standard Gold Pricing throughout all our locations in the
Nation. Kerala can Provide the Ground for consistent Gold Pricing to be
Implemented in the Entire Nation. Additionally, MP Ahmad urged that the selling
price of gold be Uniform across the Nation.

Ahmad believes that there
should be A System to be Established a Price of Gold based on the Country and the
Bank Rate on a Particular day. The Gold Rate GST and other taxes such as Import
duty are Uniform throughout India, on Nov. 4, 2022, the Banks support Prices for
916 (22-carat) gold was Rs. 1640 per ounce, Rs 350 for Bank Premium, Rs.
6,67,467 for each Kg. Of import Charge and Rs. 5008 for each gram of Gold. When
all these factors are considered, the Bank Rate for 916 grams of Gold on Nov. 4,
2022, comes to Rs. 4610. Jewelers of Kerala, Now charge for Gold at the Bank
Rate as a result of Price Standardization

 

Kerala becomes the First
State in India to Launch uniform Gold Prices based on Bank Rates. Commenting on
the Development, MP Ahammad, Chairman, of Malabar Group said: We are Extremely
happy to be a part of this Momentous Occasion. We would like to thank whole Members
of the Jewellery Trade in Kerala for Coming Together and Launches a
Standardized Gold Rates across the State to Safeguard the interest of the
Consumer in Price Transparency to the Trade at Malabar Gold and Diamonds, We
have shown the way by uniform gold price launching all over in the
a country with a “One India One Gold Rate” policy. Kerala is a top gold-consuming
state in the country. MP Ahammad also demanded that the selling price of gold
should be unified every year in the country.

 

 

 

 


 

Author
No Image
Author
Akta Yadav

You May Also Like