2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Maharashtra
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Gujarat
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Karnataka
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Kerala
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Detailed explanation-1: -In November 2022, Kerala became the first state in India to implement a uniform price of gold across the state by the government. Important Facts: Kerala is the first state in the country to introduce uniform price trading of gold on the basis of bank rate.
Detailed explanation-2: -4610 per gram of 916 gold. Thanks to the price standardization, jewellers in Kerala now charge the same price as the bank rate for gold.
Detailed explanation-3: -Gold Fixing is done at London Bullion Market Association. The prices are set daily at 10:30 am GMT and 3pm GMT in US dollars.
Detailed explanation-4: -Which City or State is the Cheapest for Buying Gold in India. At present, the price of gold is at the lowest in Kerala.
Detailed explanation-5: -The transportation cost is added to the selling price. Hence, depending on the state and city, the gold transportation is carried in, the gold rates vary. Volume play: Discount provided on bulk buying leads to variation in the gold rate in various states and cities.