Gold Rate In Kerala

One of the most sought-after commodities, gold price in Kerala are determined by local demand as well as international trends. Track daily gold rate in Kerala and get a detailed analysis on current trends.
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  • Gold Rate Today ( 23 Mar 2019 )
    ₹ 2,965
    Today's Gold Rate (22K) per gram
    Compare Gold Price (Today & Yesterday)
    (23 Mar 2019)
    (22 Mar 2019)
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 2,965 ₹ 2,990 ₹ -25 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 23,720 ₹ 23,920 ₹ -200 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 3,113 ₹ 3,140 ₹ -27 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 24,904 ₹ 25,120 ₹ -216 ↓
    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    23 Mar 2019 ₹ 2,965 ₹ 23,720 ₹ 3,113 ₹ 24,904
    22 Mar 2019 ₹ 2,990 ₹ 23,920 ₹ 3,140 ₹ 25,120
    21 Mar 2019 ₹ 2,990 ₹ 23,920 ₹ 3,140 ₹ 25,120
    20 Mar 2019 ₹ 2,975 ₹ 23,800 ₹ 3,124 ₹ 24,992
    19 Mar 2019 ₹ 2,975 ₹ 23,800 ₹ 3,124 ₹ 24,992
    18 Mar 2019 ₹ 2,990 ₹ 23,920 ₹ 3,140 ₹ 25,120
    17 Mar 2019 ₹ 2,990 ₹ 23,920 ₹ 3,140 ₹ 25,120
    16 Mar 2019 ₹ 2,975 ₹ 23,800 ₹ 3,124 ₹ 24,992
    15 Mar 2019 ₹ 3,005 ₹ 24,040 ₹ 3,155 ₹ 25,240
    14 Mar 2019 ₹ 2,985 ₹ 23,880 ₹ 3,134 ₹ 25,072
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    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

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    Gold Rate in Kerala

    According to a Times of India article published in December, 2014,3 gold loan companies together hold around 200 tonnes of the yellow metal in the form of jewelry. This equation is higher than gold reserves of Sweden, Singapore and Australia. This means the that gold rate in Kerala hold very high importance in the global market for the metal and not just in India. Kerala is a state which is a great marketplace for gold investors and buyers alike. Also, jewelry made out of the precious metal is treated as wealth and a form of financial security at the same time.

    According to a business portal, Commodity Online, the state contributes for more than 20% of the gold in India’s annual consumption. It is also said that over 5000 jewelers and metal retailers thrive here with over 40,000 people involved as artisans for gold jewellery in Kerala. Gold price in Kerala, hence is very important for determining the future rates of gold in the country too as the demand is quite high established with the fact the business in gold thrives here.

    Trend of Gold Rate in Kerala for March 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    March 1 Rate Rs.3,255 per gram
    March 10 Rate Rs.3,161 per gram
    Highest Rate in March Rs.3,255 per gram on 1 March
    Lowest Rate in March Rs.3,129 per gram on 8 March
    Overall Performance Decline

    March 2019 - Week 1 (1-10):

    • Gold price in Kerala dropped on declining retail demand and a drop in interest from jewellers despite opening at Rs.3,255 per gram, as weak overseas cues impacted local orders.
    • Positive U.S. jobs data boosted the dollar and increased investor’s risk appetite as they reduced safe-haven asset investment, which resulted in gold falling to Rs.3,166 per gram on 6 March.
    • Despite market volatility owing to fears of an economic slowdown, rising equities and a stable dollar resulted in a steep drop in jeweller demand as gold fell to Rs.3,129 per gram on 8 March before recovering to close the week at Rs.3,161 per gram.

     Trend of Gold Rate in Kerala for February 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    February 1 Rate Rs.3,245 per gram
    February 28 Rate Rs.3,271 per gram
    Highest Rate in February Rs.3,302 per gram on 21 February
    Lowest Rate in February Rs.3,203 per gram on 14 February
    Overall Performance Incline
    Percentage Change 0.80%

    February 2019 - Week 1 (1-10):

    • Gold rate in Kerala opened the week at Rs.3,245 per gram and prices remained steady for a few days on stable local retail demand.
    • Prices rose to Rs.3,266 per gram on 5 February as an increase in the industrial offtake boosted local demand, though gains were capped due to weak overseas cues.
    • Gold Price in Kerala dropped to Rs.3,234 per gram on 8 February as positive employment data from the U.S. bolstered the dollar and led to a drop in investor interest in bullion.
    • Static local demand resulted in gold ending the week at Rs.3,245 per gram on 10 February.

    February 2019 - Week 2 (11-17):

    • Gold rates in Kerala opened at Rs.3,245 per gram on 11 February before plunging to Rs.3,224 per gram on 13 February on poor offtake from overseas and declining industrial orders.
    • A falling rupee also capped gains from rising local demand as prices fell to a monthly low of Rs.3,203 per gram on 14 February.
    • Fears of another U.S. government shutdown rattled investors and renewed interest in gold’s safe-haven appeal, which boosted prices to Rs.3,255 per gram when the week ended on 17 February.

    February 2019 - Week 3 (18-24):

    • Conflicting cues from overseas and a decline in retail demand impacted gold prices in Kerala despite a steady opening of Rs.3,255 per gram when the week began on 18 February.
    • Investor demand for gold was stable but static ahead of the Federal Reserve meeting minutes, but strong industrial offtake saw prices rise to Rs.3,271 per gram on 20 February.
    • Gold rose to a high of Rs.3,302 per gram on 21 February but demand plunged on the possibility of renewed rate hikes as the metal traded at Rs.3,260 per gram when the week ended on 24 February. 

    February 2019 - Week 4 (25-28):

    • Stable local demand and increasing orders from jewellers kept gold prices in Kerala on the rise despite cues to the contrary.
    • The precious metal traded at Rs.3,260 per gram on 25 February on sluggish investor interest due to a recovering U.S. dollar.
    • Prices jumped to Rs.3,271 per gram on 26 February as a breakthrough in the Sino-U.S. trade talks appeared imminent, boosting interest in bullion as equities fell.
    • Prices stayed static for the rest of the week with gold closing the month at Rs.3,271 per gram on 28 February, reflecting a rise in value of 0.80%.

    Trend of Gold Rate in Kerala for January 2019 (rates per gram of 24 karat gold)

    Parameters  Gold price (24 karat) 
    Rate on 1st January2019 Rs.3,077per gram 
    Rate on 31st January2019 Rs.3,229per gram 
    Highest Rate in January 2019  Rs.3,229per gram on 31 January 
    Lowest Rate in January 2019  Rs.3,077per gramon 1 January 
    Overall Performance  Incline 
    Percentage Change 0.81%
    Comparison for 24 K Gold Rates for Kerala January 2019
    Graph for Gold Rate (24K) in Kerala January 2019

    January 2019 - Week 1 (1 - 6):

    • Boosted by steady demand from jewellers and retailers, gold rate in Kerala rose steadily after opening the year at Rs.3,077 per gram.
    • The ongoing U.S. government shutdown severely impacted the dollar and stock markets, resulting in increased investor interest in bullion.
    • Gold prices rose to Rs.3,103 per gram on 3 January despite poor industrial demand from Asia due to a perceived economic slowdown.
    • Prices surged to Rs.3,124 per gram as the week ended, recording a rise of Rs.47 over the course of the week.

    January 2019 - Week 2 (7 - 13):

    • A steady rise in local jeweller demand coupled with strong overseas trends saw gold price in Kerala rise steadily during the week.
    • The precious metal was priced at Rs.3,103 per gram when trading opened on 7 January and rose to Rs.3,108 per gram on 9 January as retail demand also picked up due to a weak dollar.
    • Demand for the metal surged towards the end of the week, with gold priced at Rs.3,140 per gram from 11-13 January to record a rise in price of Rs.36 over the course of the week.

    January 2019 - Week 3 (14 - 20): 

    • In line with trends seen across other Indian cities, gold price in Kerala rose on increased local demand coupled with positive overseas cues and a weak dollar.
    • Gold was priced at Rs.3,140 per gram when trading opened on 14 January and rose to Rs.3,166 per gram on 16 January as retail sales due to the wedding season boosted demand.
    • The continued deadlock over Brexit and the U.S. government shutdown kept equity markets subdued, leading to investors increasing interest in bullion.
    • Gold rate in Kerala surged to Rs.3,176 per gram as the week ended on 20 January, recording a rise in price of Rs.36 over the course of the week.

    January 2019 - Week 4 (21-27):

    • Gold price fluctuated as conflicting cues affected local demand after the metal opened at Rs.3,176 per gram on 21 January.
    • Gold price in Keral fell to Rs.3,150 per gram on 23 January as declining demand from Asian industry and a falling rupee affected local industrial offtake.
    • Retail sales rose due to the wedding season and helped boost prices to Rs.3,161 per gram on 25 January as overseas investor interest also rose due to political instability in South America.
    • The end of the week saw a surge in gold prices resulting in the metal closing the week at Rs.3,203 per gram on 27 January.

    January 2019 - Week 5 (28-31): 

    • Interest in gold remained steady but retail demand was relatively static when trading opened at Rs.3,203 per gram on 28 January.
    • In spite of an increase in global demand for the precious metal, gold price in Kerala were steady for the next few days as jeweller demand fell on reduced offtake from retail buyers.
    • The falling dollar rate due to market volatility propped up prices globally and resulted in gold closing the month at Rs.3,229 per gram on 31 January to record a marginal rise in value of 0.81% over the course of the month.

    Also Check Gold Prices in the Cities of Kerala

    Trend of Gold Rate in kerala for December 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    December 1 Rate Rs.2,966 per gram
    December 31 Rate Rs.3,092 per gram
    Highest Rate in December Rs.3,108 per gram on 12 December
    Lowest Rate in December Rs.2,966 per gram on 1 December
    Overall Monthly Performance Incline
    Percentage Change 4.24%
    Comparison for 24 K Gold Rates for Kerala December 2018
    Graph for Gold Rate (24K) in Kerala December 2018

    December 2018 - Week 1 (1 - 9):

    Parameters Gold price (per gram of 24 karat gold)
    December 1 Rate Rs.2,966 per gram
    December 9 Rate Rs.3,019 per gram
    Overall Weekly Performance Incline
    • Gold rate in Kerala rose as increased local demand due to the wedding season and positive overseas cues bolstered the metal’s holdings.
    • The precious metal traded at Rs.2,966 per gram on 1 December and rose steadily as industrial units and jewellers took advantage of the falling dollar to increase orders.
    • Prices remained steady at Rs.2,998 per gram on 4 and 5 December before spiking to Rs.3,035 per gram on 6 December as market volatility increased overseas offtake.
    • Prices dipped marginally as the week ended, trading at Rs.3,019 per gram on 9 December to record a Rs.53 rise in price during the week.

    December 2018 - Week 2 (10 - 16):

    Parameters Gold price (per gram of 24 karat gold)
    December 10 Rate Rs.3,019 per gram
    December 16 Rate Rs.3,071 per gram
    Overall Weekly Performance Incline
    • There was a steady rise in gold rate in Kerala as local retail demand surged due to the ongoing wedding season and positive price trends.
    • The precious metal opened the week at Rs.3,019 per gram, with prices surging to Rs.3,108 per gram on 12 December as overseas safe-haven demand pushed prices higher.
    • As markets recovered, overseas interest in the metal dropped and local demand was unable to maintain momentum, resulting in gold closing the week at Rs.3,071 per gram.

    December 2018 - Week 3 (17 - 23):

    Parameters Gold price (per gram of 24 karat gold)
    December 17 Rate Rs.3,071 per gram
    December 23 Rate Rs.3,050 per gram
    Overall Weekly Performance Decline
    • Gold was priced at Rs.3,07 per gram when the third week of December began in Kerala.
    • Gold rates were on the decline this month as demand dropped owing to a weak rupee and a strong dollar.
    • Gold price in Kerala fell to Rs.3,040 per gram on the 20th before rising on the next day to Rs.3,050 per gram and end the week at Rs.3,050 per gram.

    December 2018 - Week 4 (24 - 31):

    Parameters Gold price (per gram of 24 karat gold)
    December 24 Rate Rs.3,050 per gram
    December 31 Rate Rs.3,092 per gram
    Overall Weekly Performance Incline
    • The last week commenced with gold rate in Kerala holding at Rs.3,050 per gram on the 24th with strong investor demand brought about by the continued US-China trade dispute and faltering economic growth in the US.
    • Strong safe-haven demand coupled with positive global cues led to gold trading at Rs.3,092 per gram on the 29th.
    • Trading closed for the month with gold price in kerala holding at Rs.3,092 per gram on the 31st, registering a 4.24% increase in gold rates on account of strong local demand from jewellers and retailers during the course of the month.

    Trend of Gold Rate in Kerala for 2018 (24K Gold per gram)

    Months First Day Last Day Highest Rate Lowest Rate Overall Monthly Performance Percentage Change
    January 2018 Rs.2,924 Rs.2,940 Rs.2,984 on 17 January Rs.2,909 on 4 January Incline 0.57%
    February 2018 Rs.2,961 Rs.2,956 Rs.2,993 on 19 February Rs.2,919 from 8 to 12 February Decline -0.16%
    March 2018 Rs.2,956 Rs.2,966 Rs.3,008 on 28 March Rs.2,945 from 16 to 19 March Incline 0.33%
    April 2018 Rs.2,966 Rs.3050 Rs.3,056 on April 20, 21 and 25, 26 April Rs.2,966 from 1 to 3 April Incline 2.83%
    May 2018 Rs.3,050 Rs.3,040 Rs.3,071 on 14 and 15 May Rs.3,019 on 17, 18 and 22 May Decline -0.32%
    June 2018 Rs.3,014 Rs.2,972 Rs.3,019 from 10 to 13 June Rs.2,972 on 30 June Decline -1.39%
    July 2018 Rs.2,951 Rs.2,903 Rs.2,993 on 10 July Rs.2,903 on 30 and 31 July Decline -1.62%
    August 2018 Rs.2,903 Rs.2,966 Rs.2,966 on 31 August Rs.2,856 on 17 August Incline 2.17%
    September 2018 Rs.3,029 Rs.2,987 Rs.3,014 on 19 September Rs.2,945 on 3 September Decline -1.38%
    October 2018 Rs.2,987 Rs.3,108 Rs.3,119 on 25 October Rs.2,987 on 1 October Incline 4.05%
    November 2018 Rs.3,098 Rs.2,977 Rs.3,113 on 5 November Rs.2,977 on 30 November Decline -3.90%
    December 2018 Rs.2,966 Rs.3,092 Rs.3,108 on 12 December Rs.2,966 on 1 December Incline 4.24%

    Trend of Gold Rate in Kerala for 2017 (24K Gold per gram)

    Months First Day Last Day Highest Rate Lowest Rate Overall Monthly Performance Percentage Change
    January 2017 Rs.2,815 Rs.2,945 Rs.2,970 from 23rd-26th January Rs.2,815 form 1st-3rd January Incline 4.61%
    February 2017 Rs.2,945 Rs.2,960 Rs.3,031 from 25th-27th February Rs.2,935 on 14th & 15th February Incline 0.50%
    March 2017 Rs.2,960 Rs.2,920 Rs.2,960 on 1st March Rs.2,860 on 15th March Decline -1.35%
    April 2017 Rs.2,920 Rs.2,935 Rs.3,000 on the 22nd and 23rd of April Rs.2,920 from the 1st to the 3rd of April Incline 0.51%
    May 2017 Rs.2,935 Rs.2,915 Rs.2,935 on 1st & 2nd May Rs.2,855 on 4th & 5th May Decline -0.68%
    June 2017 Rs.2,915 Rs.2,930 Rs.2,945 from 7-12 June Rs.2,800 on 23 June Incline 0.51%
    July 2017 Rs.2,930 Rs.2,872 Rs.2,970 from 3 to 5 July Rs.2,796 on 14 July Decline -1.97%
    August 2017 Rs.2,882 Rs.2,941 Rs.2,958 on 30 August Rs.2,840 from 5-7 August Incline 2.04%
    September 2017 Rs.2,941 Rs.2,954 Rs.3,038 from 9 to 12 September Rs.2,941 from 1 to 5 September Incline 0.44%
    October 2017 Rs.2,954 Rs.2,942 Rs.2,977 from 12 to 16 October Rs.2,931 on 27 October Decline -0.40%
    November 2017 Rs.2,942 Rs.2,937 Rs.2,986 18 to 22 November Rs.2,932 on 5 November Decline -0.16%
    December 2017 Rs.2,921 Rs.2,909 Rs.2,931 from 2 to 4 December Rs.2,786 on 12 and 13 December Decline -0.41%

    Trend of Gold Rate in Kerala for 2016 (24K Gold per gram)

    Months First Day Last Day Highest Rate Lowest Rate Overall Monthly Performance Percentage Change
    January 2016 Rs.2,517 Rs.2,685 Rs.2,773 on 29 Rs.2,517 on 4th Incline 6.67%
    February 2016 Rs.2,716 Rs.2,872 Rs.2,882 on 6th Rs.2,705 on 4th Incline 0.0574
    March 2016 Rs 2,872 Rs 2,872 Rs 3,090 on 2nd Rs 2,822 on 29th No change 0%
    April 2016 Rs 2,872 Rs 3,025 Rs 3,025 on 30th Rs 2,852 on 4th Incline 5.32%
    May 2016 Rs. 3,025 Rs. 2,895 Rs. 3,025 May 1 Rs. 2,885 on May 30 Decline -4.29%
    June 2016 Rs.2,895 Rs.2,990 Rs.3,050 from 25th to 28th of June Rs.2,935 on 10th of June Incline 3.92%
    July 2016 Rs. 3,000 Rs. 3,092 Rs. 3,167 July 16 and 17 Rs. 3,000 on July 30 Incline 5.57%
    August 2016 Rs.3,092 Rs.3,130 Rs.3,092 on 1st August Rs.3,140 on 26th to 30th August Incline 1.23%
    September 2016 Rs.3,130 Rs.3,135 Rs.3,160 on 25th to 26th September Rs.3,120 on 2nd and 19th September Incline 0.16%
    October 2016 Rs.3,115 Rs.3,055 Rs.3,115 on 1st to 4th October Rs.3,020 on 8th October to 11th October Decline -3.31%
    November 2016 Rs.3,055 Rs.2,940 Rs.3,135 on 9th November Rs.2,930 on 25th November Decline -3.76%
    December 2016 Rs.2,905 Rs.2,815 Rs.2,905 on 1st December Rs.2,760 from 21st to 23rd December Decline -3.09%

    Details of Gold Price in Kerala (22 Karat & 24 Karat) - Till August 2015

    Gold is available in Kerala for trading, investing, buying and selling as well as in the form of gaining financial aid through loans in this state and is practiced widely here as established earlier. Here are the gold rates in Kerala as of August, 2015:

    22 Karat Gold: This is the lesser pure form of gold, however the price trends of this gold stays very close to the purest 24 karat gold. As of August 2015, gold rates in Kerala are at around Rs. 2,359 per gram. Gold prices were at around Rs. 2805, in January 2014. the sharp decline has been consistent and gradual since then however, have done slightly better in the month of May. But with the sudden lowering of gold rates elsewhere, gold rates in Kerala have also seen a very stark decline in the past few months.

    24 Karat Gold: 24 karat gold in its purest form is also traded here and the prices remain higher against its slightly impure counterpart, although the price trends remain the same. As of August 2015, gold rates in Kerala have been hovering around Rs. 2,519 per gram against Rs. 2992 in January 2014. It too has seen a huge fall in prices affected by the global phenomena of the yellow metal prices falling in July, 2014.

    Gold Investment Avenues in Kerala

    Gold is popularly sold as ingots, bullions, coins and most importantly as jewellery in Kerala. Regardless, the rise and fall of price gold elsewhere, this precious metal is always in demand especially in rural areas which forms a great percentage of people who buy and sell gold:

    Over-the-counter: Gold is available for retail in the form coins and jewelry. People wear are extremely traditional about the gold and the small and medium scale retailers are doing well, apart from the large retailers in the state. Gold bullions are generally sold in international rates and from private bullion dealers such as Muthoot, Pushpak and Pentagon, etc. However, it is gold jewelry that people in Kerala that make gold is very profitable business in the state. Kerala is also said to have the largest number of gold jewelers in India. Beside Kochi bening the gold capital of India, Thrissur in Kerala is said to be one of the hubs of jewellery manufacturing in Southern India accounting for for 3000 large and medium sized manufacturers. ‘Kundan’ and ‘Filigree’ are the types of jewelry sold here in maximum. Some of the well known jewelers include Joyalukkas, Tribhovandas bhimji Zaveri,Tanishq, Malabar Gold and Fashion Gold Mahal.

    Market trade: Trade in gold is possible through spot contracts, futures contracts and exchange-traded funds (ETF). Kozhikode and Kannur are well known destinations for gold traders. The gold ETFs are traded on the Mumbai stock exchange (BSE), apart from other international exchanges. These aim to track the price of gold.

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    News About Gold rate in Kerala

    • Gold Rises on Steady Demand But Silver Plummets

      Gold rates continued their upward price trend as they rose for 4 consecutive days. The precious metal’s price rose by Rs.110 to trade at Rs.33,300 for 10 grams on rising demand from local  jewellers.  

      Gold of 99.9% purity traded at Rs.33,300 for 10 grams while gold of 99.5% purity traded at Rs.33,150 for 10 grams, with both rising by Rs.110 on steady local demand. Sovereign gold also registered a rise in price, trading at Rs.25,500 per 8-gram piece as prices rose by Rs.100. 

      In contrast, silver prices dropped by Rs.300 to close at Rs.40,200 per kg on muted demand from coin makers and industrial units. Weekly-based silver delivery fell by a marginal Rs.143 to Rs.39,690 per kg. Silver coins remained constant at Rs.77,000 for selling and Rs.78,000 for the buying of 100 pieces. 

      On the international front spot gold rose by 0.1% to trade at $1,294.04 per ounce as a number of factors bolstered rising interest in the metal.

      28 January 2019

    • Silver, Gold Rise on Steady Local, Overseas Demand

      Bullion futures rose on rising demand from both local as well as overseas buyers. Gold on the Multi Commodity Exchange (MCX) rose by Rs.199 to trade at Rs.31,274 for 10 grams. Local demand was bolstered by higher orders from jewellers due to the ongoing wedding season.

      Silver futures witnessed a marginal rise in price, trading at Rs.37,485 per kg to record a Rs.59 increase.

      International trends were also cited as a factor in local bullion gains, as the dollar eased on renewed fears of U.S.-China trade relations. Stock markets also plunged after technology shares fell sharply across both U.S. and Asian bourses.

      6 December 2018

    • Gold and Silver Rates Dip on Weak Demand

      Gold prices slipped on weak local demand during trading on Monday, 19th November, 2018. The yellow metal traded at Rs.30,995 for 10 grams, recording a drop in price of Rs.52.

      Silver prices traded at Rs.37,041 per kg to record a fall in price of Rs.18 as industrial offtake was on the decline. Weak international offtake was a contributing factor as bullion prices slid lower in spite of gold holding firm overseas.

      The recent comments by the Federal Reserve regarding the overall health of the global economy in light of slowing industrial growth rattled the dollar, which slipped against a basket of global currencies.

      20 November 2018

    • Festive Demand and Global Cues Push Gold Prices to Yearly High

      Gold prices jumped by Rs.150 to reach their highest price for the year so far, trading at Rs.32,500 for 10 grams. A rise in festive demand and global cues propelled gold to such a meteoric rise in price, as investors rushed to invest in gold following tech stocks crashing.

      Silver prices lost value during trading as industrial demand was muted, as the metal traded at Rs.39,730 per kg to record a Rs.20 fall in value. Silver coins saw a sharp rise in price, climbing by Rs.1,000 to trade at Rs.76,000 for buying and Rs.77,000 for selling of 100 pieces.

      Overseas demand for bullion was in the black, with silver rising by 0.17% to trade at $14.83 per ounce while gold rose by 0.11% to trade at $1,232.20 per ounce.

      24 October 2018

    • Gold Trading Higher As Global Stocks Drop

      Gold traded higher on Tuesday, 2nd October, 2018 as investors rushed to buy bullion after the Euro and stock markets plunged. Anti-euro statements by Italy’s government resulted in investors selling off euros, as safe-haven demand for gold rose sharply.

      Gold traded at $1,202.7 per ounce to record a 1.26% rise in price, with projections of a continued climb in the metal’s price. In spite of remarks by the Federal Reserve’s Chairman on the positive outlook for the U.S. economy, investors increased gold bond purchases and bullion buys.

      3 October 2018

    • Gold to silver price ratio at a 23-year high over concerns

      The gold-to-silver ratio has risen to a 23-year old high as concerns over the United States- China trade war has engulfed the market.

      The ratio stands at 84.43, indicating that silver has taken a massive hit over the last few years. Basically, the ratio is an indicator to the ounces of silver which can be bought with one ounce of gold. It also helps measure the relative strength of both the metals when pitted against each other.

      Silver is apparently a much more volatile metal to trade when compared to gold and hence the ratio keeps changing often. Nigam Arora, a US-based market analyst has said that the gold-silver ratio is at an all time high as the usage of silver has fallen over the last few months particularly from industrial units as concerns over the trade war is affecting the consumption.

      More than half of the silver traded is used for industrial purposes and it also has a peculiar labelling as a precious metal, which is affected significantly due to the trade conflict between the two largest economies in the world.

      25 September 2018

    • Gold, Silver Fall Heavily Due to Commodity Sell-off

      The price of gold and silver fell heavily in trading as commodities had a bad day on the bourses. Precious metals were trading low after the fresh set of trade tariffs imposed on China by the U.S.

      Gold futures fell by $10.90 per ounce to trade at $1,244.50 per ounce. Silver too saw a drop in value, with futures for August delivery falling to $15.815 per ounce, a drop of $0.272 per ounce.

      U.S. economic data was also rattled by the fresh round of sanctions, which affected the dollar index quite sharply. Gold prices were on track for the near future, with the possibility of a downward trend for a few months due to bearish bullion trends.

      11 July 2018

    • Gold Continues to Slide on Poor Global Demand

      Gold prices continued to fall for the fourth consecutive day, as weak overseas trends affected local demand for the metal. Gold fell to Rs.31,360 for 10 grams to register a loss of Rs.40 in early trading on Tuesday, 3rd July, 2018.

      Silver prices also saw a decline in fortunes, falling by Rs.50 to trade at Rs.40,300 per kg in Delhi. Reduced offtake by industrial units and declining demand from coin makers were attributed to the drop in value.

      Overseas, spot gold rose by 0.3% to trade at $1,244.72 per ounce after the metal recovered from a 7-month low rate. An easing of the dollar rate due to increasing trade tensions provided some respite for gold.

      3 July 2018

    • Gold Tumbles Below Rs.32,000 On Unfavourable Cues

      Gold prices dropped below Rs.32,000 for 10 grams as weak overseas trends led to a drop in demand. The yellow metal traded at Rs.31,800 for 10 grams, a fall of Rs.390 on the commodity markets today as local jewellers also reduced demand due to the high prices.

      Silver prices reflected gold’s poor performance, falling to Rs.41,350 per kg to register a Rs.1,050 loss in value. Silver coins did not see much change in price, continuing to trade at Rs.76,000 for buying and Rs.77,000 for selling (for 100 pieces).

      Overseas spot gold also fell, with the metal losing 1.77% to trade at $1,278.90 per ounce. Silver meanwhile fell by 3.44% to trade at 16.54 per ounce.

      16 June 2018

    • Gold Prices Dip Over Easing of U.S.-China Trade War Fears

      Gold prices fell by 0.3% in early trading in the U.S. on Monday, April 9th, 2018 as the Dollar steadied. Fears of a trade war with China had led to panic on the bourses and resulted in the Dollar sliding in multiple trading sessions. With the U.S. government reassuring markets that a trade war was not imminent in spite of escalating tensions, gold prices fluctuated before registering a drop in value.

      Silver prices did not see any change, with rate staying at a flat $16.35 per ounce as hedge funds boosted their net short position in silver.

      9 April 2018

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