Gold Rate In Kerala Today

Todays gold rate in Kerala:

  • 10g of 24K gold is 48,360 Indian Rupee
  • 10g of 22K gold is 44,530 Indian Rupee
More
  • Today's Gold Rate in Kerala ( 20 Jan 2021 )

    ₹ 4,472
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Kerala (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,472 ₹ 4,453 ₹ 19 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 35,776 ₹ 35,624 ₹ 152 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 4,855 ₹ 4,836 ₹ 19 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 38,840 ₹ 38,688 ₹ 152 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    20 Jan 2021 ₹ 4,472 ₹ 35,776 ₹ 4,855 ₹ 38,840
    19 Jan 2021 ₹ 4,453 ₹ 35,624 ₹ 4,836 ₹ 38,688
    18 Jan 2021 ₹ 4,550 ₹ 36,400 ₹ 4,964 ₹ 39,712
    17 Jan 2021 ₹ 4,550 ₹ 36,400 ₹ 4,778 ₹ 38,224
    16 Jan 2021 ₹ 4,550 ₹ 36,400 ₹ 4,964 ₹ 39,712
    15 Jan 2021 ₹ 4,600 ₹ 36,800 ₹ 5,018 ₹ 40,144
    14 Jan 2021 ₹ 4,620 ₹ 36,960 ₹ 5,040 ₹ 40,320
    13 Jan 2021 ₹ 4,621 ₹ 36,968 ₹ 5,041 ₹ 40,328
    12 Jan 2021 ₹ 4,589 ₹ 36,712 ₹ 5,006 ₹ 40,048
    11 Jan 2021 ₹ 4,590 ₹ 36,720 ₹ 5,007 ₹ 40,056

    Weekly & Monthly Graph of Gold Rate in Kerala

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    *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.

    Gold Price 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.

    Also check : Silver Rate in Kerala

    Trend of Gold Rate in Kerala for January 2021 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    January 1 Rate Rs.4,914 per gram
    January 9 Rate Rs.5,181 per gram
    Highest Rate in January Rs.5,237 per gram on 6 January and 7 January
    Lowest Rate in January Rs.4,914 per gram on 1 January
    Overall Performance Incline

    January 2021 - Week 1 (1 - 9):

    • A gram of gold rate in Kerala was Rs.4,914 per gram on 1 January during the first week of the month. The metal’s price increased to Rs.4,925 per gram on the following day and held steady on 3 January as well.
    • The price of the metal increased to cross the Rs.5,000 per-gram mark on 4 January at Rs.5,160 per gram and increased to hit its highest at Rs.5,237 per gram on 6 January, holding steady on the following day.
    • On 8 January, the metal’s value dipped to Rs.5,186 per gram and closed the week at Rs.5,181 per gram on 9 January.

    Trend of Gold Rate in Kerala for December 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    December 1 Rate Rs.4,877 per gram
    December 31 Rate Rs.5,095 per gram
    Highest Rate in December Rs.5,131 per gram on 29 December
    Lowest Rate in December Rs.4,877 per gram on 1 December
    Overall Performance Incline

    December 2020 - Week 1 (1 - 6):

    • Gold price in Kerala opened the week at Rs.4,877 per gram. When compared to the closing price of the previous month, the price of the yellow metal was up by Re.1
    • The price of gold increased gradually in the southern state and recorded its highest price for the month till date on 5th December. On the mentioned date, a gram of the precious metal cost Rs.5,030.
    • Gold price dipped on the final day of the week and closed at Rs.5,008 per gram. The overall performance of gold in Kerala witnessed an inclining trend in the rates.

    December 2020 - Week 2 (7 - 13):

    • In Kerala, the price of gold was Rs.5,000 per gram on 7 December and increased marginally to Rs.5,009 per gram on 8 December. The metal’s price inclined to hit its highest on 9 December at Rs.5050 per gram.
    • On 10 December, the gold rate declined to Rs.5,007 per gram due to vaccine optimism and higher activity in the equities market. The metal’s value was the same on 11 December.
    • The price of gold increased by Rs.11 to Rs.5,018 per gram on 12 December and remained steady at the same price, closing the week on 13 December.

    December 2020 - Week 3 (14 - 20):

    • Gold price in Kerala at the start of the third week of December was Rs.5,020 per gram. The price of the yellow metal was up by Rs.2 for every gram when the price was compared to the closing price of the previous week.
    • The price of gold dipped in the state the following day and a gram of the 24-karat gold was retailed for Rs.4,996 on 15th December. Gold rate recovered gradually in the state following that and was priced Rs.5,041 per gram on 17th December.
    • Gold closed the week in Kerala at Rs.5,106 per gram. This was the highest recorded price of the yellow metal for the month till date. The rates witnessed an inclining trend in the state.

    December 2020 - Week 4 (21 - 27):

    • The price of gold in Kerala was Rs.5,107 per gram on 21 December and was steady at the same price on the following day as well. On 23 December, the metal hit its highest price of the week at Rs.5,128 per gram.
    • On 24 December, gold rates dipped due to the value of the dollar recovering in the market and were at Rs.5,083 per gram and remained the same at Rs.5,083 per gram on 25 December.
    • The price of the metal on the following day increased to Rs.5,095 per gram on 26 December and closed the week at Rs.5,094 per gram on 27 December.

    December 2020 - Week 5 (28 - 31):

    • Gold price in Kerala at the start of the fifth week of December was Rs.5,128 per gram. The price of the yellow metal was up by Rs.34 for every gram when the rate was compared to what was priced on the final day of the previous week.
    • The price of gold increased in the state the following day and a gram of the 24-karat gold was retailed for Rs.5,131.
    • Gold witnessed a drop in its price on 30th December and was priced Rs.5,095 per gram. The yellow metal closed the week at the same price as the rate remained stagnant. The overall performance witnessed an inclining trend.

    Trend of Gold Rate in Kerala for November 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    November 1 Rate Rs.5,050 per gram
    November 30 Rate Rs.4,876 per gram
    Highest Rate in November Rs.5,302 per gram on 10 November
    Lowest Rate in November Rs.4,876 per gram on 30 November
    Overall Performance Decline

    November 2020 - Week 1 (1 - 8):

    • Gold price in Kerala opened the month of November at Rs.5,050 per gram which was its lowest of the month. However, the metal’s value increased to Rs.5,142 per gram.
    • On 3 November, the gold rate increased to Rs.5,155 per gram and further to Rs.5,194 per gram due to the uncertainty around the U.S. election and the stimulus package from the Central Bank. On 5 November, the price of the metal was Rs.5,196 per gram.
    • Gold showed an incline in prices on 6 November but dipped to Rs.5,129 per gram on 7 November. However, on 8 November, the metal’s price increased and closed at Rs.5,281 per gram.

    November 2020 - Week 2 (9 - 15):

    • Gold rate opened the second week of November at Rs.5,282 per gram in Kerala. There was a minimal increase in the rates when compared to the closing price of the previous week.
    • The price of the yellow metal recorded its highest price for the month till date on 10th November when a gram was retailed for Rs.5,302. Gold rates witnessed slight fluctuations over the remainder of the week.
    • Gold price in Kerala closed the week at Rs.5,205 per gram with the overall performance witnessed an inclining trend in the rates.

    November 2020 - Week 3 (16 - 22):

    • In Kerala, the price of gold was 5,029 per gram on 16 November and increased substantially to Rs.5,204 per gram on 17 November due to the rise in COVID-19 cases in the world. The price of the metal dipped marginally to Rs.5,193 per gram on 18 November.
    • Gold price remained steady on 19 November at Rs.5,193 per gram but on the following day, hit its monthly low yet again at Rs.5,050 per gram on 20 November.
    • Dipping below the Rs.5,000 per gram mark, gold rates were at Rs.4,964 per gram and closed the week at Rs.5,145 per gram on 22 November.

    November 2020 - Week 4 (23 - 30):

    • After opening the fourth week of November at Rs.5,139 per gram, gold price in Kerala dipped marginally to Rs.5,138 per gram on 24 November and further to Rs.5,040 per gram on 25 November.
    • On a stronger dollar and higher risk appetite amongst investors, gold rate in the city dipped to Rs.4,976 per gram on 26 November. After a marginal incline to Rs.4,977 per gram, the price of the metal dipped to Rs.4,959 per gram on 28 November.
    • The price of gold dipped further to Rs.4,910 per gram and closed at its monthly low at Rs.4,876 per gram on 30 November.

    Trend of Gold Rate in Kerala for October 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    October 1 Rate Rs.5,025 per gram
    October 31 Rate Rs.5,050 per gram
    Highest Rate in October Rs.5,166 per gram on 28 October
    Lowest Rate in October Rs.4,893 per gram on 18 October
    Overall Performance Incline

    October 2020 - Week 1 & 2 (1 -11):

    • Gold rate in Kerala opened the month of October at Rs.5,025 per gram and hit its lowest price of the week on 4 October at Rs.4,932 per gram. The price of the metal recovered and was Rs.5,097 per gram on 5 October.
    • On 6 October, the gold price dipped marginally to Rs.5,061 per gram and increased to its highest on 7 October at Rs.5,111 per gram. On 8 October, the price of the metal dipped to Rs.5,076 per gram.
    • Gold price on 10 October was Rs.5,012 per gram and closed the week at Rs.5,025 per gram on 11 October.

    October 2020 - Week 3 (12 - 18):

    • In Kerala, gold opened the third week of October at Rs.4,963 per gram. There was no change in the rates when the price of the yellow metal was compared to the closing price of the previous week.
    • The price of gold climbed to Rs.5,103 per gram in the state over the next two days before recording a steep decline.
    • Gold rate in Kerala closed the week at Rs.4,893 per gram. The closing price of the yellow metal was the lowest recorded price for the month till date. Gold’s overall performance in the state witnessed a declining trend.

    October 2020 - Week 4 (19 - 25):

    • Gold rate in Kerala opened at Rs.5,107 per gram on 19 October and increased to Rs.5,116 per gram on 20 October as the investors shifted towards the bullion market due to uncertainty around the stimulus package to be released.
    • On 21 October, gold prices dipped marginally to Rs.5,099 per gram and increased yet again to Rs.5,131 per gram. With constant fluctuations, the price of the metal increased to Rs.5,150 per gram on 23 October.
    • On 24 October, gold prices dipped marginally to Rs.5,136 per gram and closed the week at Rs.5,128 per gram on 25 October.

    October 2020 - Week 5 (26 - 31):

    • Gold price in Kerala at the start of the fifth week of October was Rs.5,136 per gram. When compared to the closing price of the previous week, the price of the fuel was up by Rs.8 for every gram.
    • While the price of gold slipped in the state the following day, it recovered and recorded its highest price for the month on 28th October when a gram of the yellow metal was retailed for Rs.5,166.
    • The price of gold fluctuated in Kerala over the next three days and closed the week at Rs.5,050 per gram. The overall performance of gold recorded an inclining trend in the state.

    Trend of Gold Rate in Kerala for September 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    September 1 Rate Rs.4,935 per gram
    September 30 Rate Rs.4,869 per gram
    Highest Rate in September Rs.5,205 per gram on 22 September
    Lowest Rate in September Rs.4,830 per gram on 26 September
    Overall Performance Decline

    September 2020 - Week 1 (1 - 6):

    • Gold rate opened the first week of September at Rs.4,935 per gram on 1 September in Kerala which was the lowest price of the week as the dollar value increased in the international market.
    • On 3 September, the gold rate hit its highest price of the week at Rs.5,115 per gram as the dollar value dipped marginally against other currencies, and the rising COVID-19 cases providing support to the metal’s prices.
    • At the end of the week, the price of gold held steady and closed at Rs.5,068 per gram recording an overall weekly incline.

    September 2020 - Week 2 (7 - 13):

    • Gold rate opened the second week of September at Rs.5,068 per gram in Kerala. When compared to the closing price of the previous week, there was no change in the rates.
    • The price of gold increased gradually in the state over the week and recorded its highest price for the month till date on 13th September.
    • Gold closed the week in Kerala at Rs.5,133 per gram with the overall performance witnessing an inclining trend.

    September 2020 - Week 3 (14 - 20):

    • Gold rate opened the third week of September at Rs.5,133 per gram in Kerala. There was no change in the rates when compared to the closing price of the previous week.
    • While the rates slipped the next day, it recovered and remained stagnant till 18th September before declining again on 19th September.
    • The price of gold closed the week at Rs.5,194 per gram, which was the highest recorded price of the precious metal for the month till date. The overall performance witnessed an inclining trend in the rates.

    September 2020 - Week 4 (21 - 27):

    • Gold price in Kerala opened at Rs.5,195 per gram on 21 September and showed a declining trend throughout the week as the dollar rose against other currencies in the international market.
    • On 24 September, the metal dipped to Rs.5,077 per gram and further plummeted to hit the lowest price of the month at Rs.4,830 per gram on 26 September.
    • At the end of the week, the price of gold stabilised as the rise in the number of COVID-19 cases all over the world supported gold prices. On 27 September, the metal closed at Rs.5,021 per gram.

    September 2020 - Week 5 (28 - 30):

    • Gold was priced Rs.4,848 per gram at the start of the fifth and final week of September in Kerala. There was a sharp decline in the rates when compared to the closing price of the previous week.
    • While the price of gold remained unchanged the next day, it increased on the final day of the month and closed the month at Rs.4,869 per gram.
    • The overall performance of gold in Kerala witnessed a declining trend.

    Trend of Gold Rate in Kerala for August 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    August 1 Rate Rs.5,245 per gram
    August 31 Rate Rs.5,132 per gram
    Highest Rate in August Rs.5,728 per gram on 8 and 9 August
    Lowest Rate in August Rs.5,131 per gram on 30 August
    Overall Performance Decline

    August 2020 - Week 1 (1 - 9):

    • In Kerala, gold price opened at Rs.5,245 per gram on 1 August and due to the rising number of COVID-19 cases all over the world, increased throughout the week.
    • Gold rate in Kerala increased to cross the Rs.5,400 per gram mark and gradually the Rs.5,700 per gram mark with the United States Federal Reserve announcing a slower economic growth and releasing additional stimulus packages.
    • The metal hit record highs on 8 August at Rs.5,728 per gram and closed the week at the same rate on 9 August.

    August 2020 - Week 2 (10 - 16):

    • A gram of the 24-karat gold was retailed for Rs.5,490 in Kerala at the start of the second week of August. When compared to the closing price of the previous week, the price charged for a gram was down by Rs.238.
    • The rates of the precious metal continued to drop in the state over the next two days before increasing gradually.
    • Gold price in Kerala closed the week at Rs.5,384 per gram. The overall performance of the metal in the state witnessed an inclining trend.

    August 2020 - Week 3 (17 - 23):

    • Gold price in Kerala in the third week of the month opened at Rs.5,370 per gram on 17 August and dipped by Rs.20 to Rs.5,350 per gram on 18 August. The price of gold increased on the following day to Rs.5,451 per gram.
    • On 20 August, the gold rate dipped to below the Rs.5,400 per gram mark to Rs.5,379 per gram and further to Rs.5,310 per gram on 21 August.
    • The price of gold on 22 August dropped to Rs.5,302 per gram with a recovering dollar value in the market and closed at Rs.5,304 per gram on 23 August.

    August 2020 - Week 4 (24 - 31):

    • A gram of the 24-karat gold was retailed for Rs.5,305 in Kerala at the start of the final week of August. There was an increase of Re.1 when compared to the closing price of the previous week.
    • While the rates slipped in the state till 27th August, it climbed to Rs.5,219 per gram on 28th August.
    • Gold price in Kerala slipped over the next two days and recorded its lowest price for the month on 30th August with a gram costing Rs.5,131. The metal closed the week at Rs.5,132 per gram with the overall performance witnessed a declining trend.

    Trend of Gold Rate in Kerala for July 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    July 1 Rate Rs.4,698 per gram
    July 31 Rate Rs.5,195 per gram
    Highest Rate in July Rs.5,256 per gram on 28 July
    Lowest Rate in July Rs.4,692 per gram on 5 July
    Overall Performance Incline

    July 2020- Week 1 (01 - 05):

    • The price of the metal was Rs.4,698 per gram in Kerala on 1 July and remained steady on 2 July with no changes in prices. With the increased number of COVID-19 cases occurring all over the world, the demand for the metal increased.
    • On 3 July, the value of the metal hit its all-time high at Rs.4,747 per gram with investors shifting towards equities with positive data showcased from the United States of America. Reports of the development of COVID-19 vaccine also prompted investors towards the equities with higher risk appetite. On 4 July, however, gold prices dipped by Rs.47 to Rs.4,700 per gram.
    • The price of the yellow metal dipped marginally on the last day of the week to Rs.4,692 per gram on 5 July with investors awaiting further updates on the economic data of the country.

    July 2020 - Week 2 (06 - 12):

    • The price of the precious metal opened the second week of the month at Rs.4,857 per gram on 6 July and dipped marginally to Rs.4,856 per gram on 7 July due to market fluctuations. On 8 July the value of the metal increased to Rs.4,891 per gram with investors shifting towards the bullion market due to the constant rise in COVID-19 cases all over the world.
    • Gold prices increased to cross the Rs.4,900 per gram mark on 9 July at Rs.4,918 per gram with the United States of America and India recording a rise increase in cases every day along with other countries reporting a rise in the COVID-19 cases. The value of the metal, due to this, increased and hit the highest value of the week at Rs.4,984 per gram on 10 July.
    • However, with speculations of the possible recovery of the economy, risk appetite amongst investors increased, prompting them to shift towards the equities market. On 11 July, the value of the yellow metal dipped to Rs.4,967 per gram and held steady until the end of the week, closing at the same rate on 12 July.

    July 2020 - Week 3 (13 - 19):

    • Gold price in Kerala started the third week of July at Rs.4,763 per gram. Compared to the closing price of the previous week, the rate for every gram was down by Rs.218.
    • The price of gold increased gradually in the state over the week and was retailed for Rs.4,793 per gram on 17th of July.
    • On the penultimate day of the week, gold rate slipped in Kerala. The rates recovered to a certain extent on the final day of the week and closed at Rs.4,776 per gram. The overall performance witnessed an inclining trend.

    July 2020 - Week 4 (20 - 26):

    • Gold price in Kerala started the fourth week of July at Rs.4,776 per gram. Compared to what was charged on the final day of the previous week, the rates didn’t see any change.
    • The price of gold increased gradually in the state after a recording drop on 21st July. The price of the yellow metal increased by Rs.211 over the week in the southern state of the country.
    • Gold rate closed the penultimate week of the month at Rs.4,987 per gram. This was the highest recorded price of the yellow metal for the month till date.

    July 2020 - Week 5 (27 - 31):

    • Gold prices in Kerala opened the last week of the month at Rs.5,197 per gram on 27 July and increased to cross the Rs.5,200 per gram mark on 28 July at Rs.5,256 per gram which was the highest in the month.
    • On the following day, the metal’s price dipped to below the Rs.5,200 per gram level due to the value of the U.S. dollar recovering in the market. The metal’s price dipped and was priced at Rs.5,132 per gram on 30 July.
    • On the last day of the week, gold rates increased and closed the month and the week at Rs.5,195 per gram on 31 July.

    Trend of Gold Rate in Kerala for June 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    June 1 Rate Rs.4,732 per gram
    June 30 Rate Rs.4,714 per gram
    Highest Rate in June Rs.4,879 per gram on 25 and 28 June
    Lowest Rate in June Rs.4,489 per gram on 8 June
    Overall Performance Incline

    June 2020 - Week 1 (1 - 7):

    • In Kerala, gold opened the month of June at Rs.4,732 per gram. Compared to the closing price of the previous month, there was a massive incline of Rs.161 in the rates. The increase in the rates continued the next day as well. This resulted in the yellow metal recording its highest price for the month till date with a gram costing Rs.4,761.
    • The rates of the precious metal dipped considerably the following day as equity markets rallied on economic optimism and the risk-on sentiment was boosted given hopes of further stimulus measures. While the rates remained stagnant on 4th June, the rates slipped again.
    • Gold closed the opening week of the month at Rs.4,484 per gram in the state. This was the lowest price of the precious metal for the month till date. The overall performance witnessed a declining trend in the rates.

    June 2020 - Week 2 (8 - 15):

    • In Kerala, the yellow metal’s prices showed a fluctuating trend throughout the week, at Rs.4,507 per gram on 9 June and increased marginally to Rs.4,510 per gram on 10 June with the rise in the number of COVID-19 cases all around the world. With risk appetite at a low with investors awaiting the economic data of the United States of America from the United States Federal Reserve, gold prices increased by more than Rs.200 per kg to cross the Rs.4,700 per gram mark at Rs.4,731 per gram on 11 June.
    • On 12 June, the inclining trend of the metal continued, and the price had crossed the Rs.4,750 per gram mark at Rs.4,799 per gram. However, on 13 June, gold prices dipped marginally to Rs.4,761 per gram with the value of the dollar recovering in the market. Investors shifted back to the equities market momentarily amidst the rising tensions between China and the U.S. and the increasing number of COVID-19 cases.
    • In the last two days of the week, gold prices dipped by more than Rs.100 per gram and were priced at Rs.4,601 per gram on 14 June. The dip in prices was due to low demand with the dollar value rising in the international market. On the last day, the metal closed at Rs.4,601 per gram on 15 June, recording an overall decline in prices.

    June 2020 - Week 3 (16 - 21):

    • In Kerala, gold was priced at Rs.4,595 per gram on 16th June. Compared to the closing price of the previous week, the rates were down by Rs.12 for every gram. The drop in the rates was seen as the dollar hovered near a more than one-week high.
    • The rates climbed in the next couple of days as fears that new coronavirus cases could impede economic recovery bolstered the demand for the precious metal. A gram of the 24-karat gold cost Rs.4,791 on 18th June in the state.
    • Having stayed stagnant for the next day, the rates climbed again and recorded its highest price for the month of June on the final day of the week. In Kerala, gold’s overall performance witnessed an inclining trend over the week.

    June 2020 - Week 4 (22 - 30):

    • In Kerala, gold opened the fourth and final week of June at Rs.4,829 per gram. There was an increase of Rs.1 in the rates when compared to the price charged on the last day of the previous week.
    • Over the week, the rates of the yellow metal fluctuated in the state. It was accounted to a variety of reasons like investors opting for safe-haven assets, fears on a second wave of COVID – 19 cases around the world etc. The precious metal recorded its highest price for the month on 25th and 28th of June with a gram costing Rs.4,879.
    • Gold closed the week at Rs.4,714 per gram in the southern state of the country. The overall performance of the precious metal witnessed an inclining trend in the rates.

    Trend of Gold Rate in Kerala for May 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.4,670 per gram
    May 31 Rate Rs.4,571 per gram
    Highest Rate in May Rs.4,746 per gram on 24 May
    Lowest Rate in May Rs.4,436 per gram on 5 May
    Overall Performance Decline

    May 2020 - Week 1 (1 - 9):

    • In Kerala, gold opened the month of May at Rs.4,670 per gram. There was an increase of Rs.9 in the rate of the gold when compared to the closing price of the previous week. The opening price of the gold was the highest recorded price in the state for the month to date.
    • The rate of gold slipped to its lowest for the month to date on 5th May when a gram cost Rs.4,436. The sharp decline in the rate of the gold was accounted to the U.S. dollar strengthening and the risk appetite improving among investors after major economies moved towards easing virus-led lockdowns.
    • Over the next few days, the rate of the gold increased in the state and closed the opening week at Rs.4,605 per gram. The increase in gold price was accounted to heightened fears over global growth following a batch of sombre economic data. The overall performance of gold witnessed a declining trend in the southern state of the country.

    May 2020 - Week 2 (10-16):

    • The price of the metal in Kerala showed a different trend compared to the rest of the country with a declining trend throughout the month. Opening the second week of the month at Rs.4,606 per gram and dipping to Rs.4,498 per gram on 11 May and remained steady at the same price on 12 May. The price of the metal showed a declining trend due to reduced local demand for the metal in the state.
    • On 13 May, gold prices increased to Rs.4,510 per gram and further increased to Rs.4,601 per gram, almost by Rs.90 on 14 May. The rise in prices was due to the central banks releasing stimulus packages to help the economy stabilise. With the stimulus packages providing support to the bullion market, the price of gold dipped to Rs.4,546 per gram on 15 May.
    • The price of the metal was Rs.4,546 per gram on 15 May and remained steady on 15 May at the same price. However, gold prices in the international markets showed heavy inclines due to the rising tensions between China and the United States of America. Investors shifted back to the bullion market due to rising safe-haven appeal.

    May 2020 - Week 3 (17 - 23):

    • In Kerala, gold opened the penultimate week of May at Rs.4,608 per gram. There was an increase of Rs.62 in the rates when compared to what was charged for a gram on the final day of the previous week.
    • The rates of the yellow metal climbed in the city over the next three days due to variety of reasons like souring relations between the United States of America and China, dismal U.S. data, and a rising dollar. Gold recorded its highest price for the month till date on 20th May with a gram of the 24-karat gold costing Rs.4,785 in the state.
    • Gold prices slipped by Rs.78 for every gram the following day as the U.S. dollar strengthened and hopes for a quick economic recovery dented the bullion’s safe haven appeal. The slip in the rates continued for the next day as well before recording a minimal increase on the final day of the week. Gold closed the week at Rs.4,698 per gram in the state with the overall performance showing an incline in the rates.

    May 2020 - Week 4 (24 - 31):

    • In the last week of the month, silver opened at Rs.48,360 per kg on 24 May and increased substantially to Rs.48,000 per kg on 25 May getting a boost from decreased risk appetite amongst investors and higher local demand. However, on 26 May, the white metal’s price dipped to Rs.48,000 per kg, recording a decline of Rs.3,400 per kg. Investors shifted back the stock market with Japanese equities showcasing positive data, thinking this would provide a boost to the faster recovery of the economy.
    • However, on 27 May, the price of the metal increased to Rs.48,700 per kg, showing an immediate inclining trend with the people of the U.S. Awaiting a response from Washington to Beijing about the security law being imposed on Hong Kong by China. The price of the metal dipped on 28 May to Rs.47,910 per kg with investors showing lesser interest in the bullion market with tensions rising in the United States of America due to riots.
    • On 29 May, the price of the metal remained steady at Rs.47,910 per kg, increasing to Rs.48,560 per kg on 30 May, rising by Rs.650 per kg. The rise in prices was due to the tensions rising between China and the United States of America, prompting investors to shift to the bullion market. At the end of the month and the week, silver prices increased, crossing the Rs.50,000 per kg mark and closing at an overall incline at Rs.50,100 per kg.

    Trend of Gold Rate in Kerala for April 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    April 1 Rate Rs.3,969 per gram
    April 30 Rate Rs.4,661 per gram
    Highest Rate in April Rs.4,661 per gram on 30 April
    Lowest Rate in April Rs.3,969 per gram on 1 - 3 April
    Overall Performance Incline

    April 2020 - Week 1 (1 - 4):

    • Opening at Rs.3,969 per gram, gold prices in Kerala showed an inclining trend through the first week of April. The price of the gold after opening at Rs.3,969 per gram on 1 April held steady at the same price until 3 April.
    • With trade centres in the country being closed due to the 21-day lockdown by the government to prevent the spread of Coronavirus, the price of the metal did not change. In the international market, the gold rate showed a slight incline with investors awaiting the job data from the United States of America.
    • However, with the dollar performing well in the market, gold prices were set to drop. But, bad job data from the U.S. capped its losses. Meanwhile, in the state, the price of the gold on 4 April increased to Rs.4,158 per gram and closed the week at the same price.

    April 2020 - Week 2 (5 -11):

    • In Kerala, gold opened the second week at Rs.4,148 per gram. There was no change in the rates of the yellow metal when compared to the closing price of the previous week.
    • The rates jumped to Rs.4,396 per gram on 8th April as the rising coronavirus death toll hammered risk sentiment and investors awaited the release of the U.S. Federal Reserve's policy meeting for clues on further stimulus measures.
    • Gold closed the month at Rs.4,437 per gram, the highest for the month till date with the overall performance showing an incline in the rates.

    April 2020 - Week 3 (12 - 18):

    • In Kerala, the price of the metal opened the third week of the month at Rs.4,437 per gram on 12 April and increased by Rs.20 to be priced at Rs.4,457 per gram on 13 April. The rise in prices was majorly due to investors shifting to the bullion market amidst safe-haven appeal. With possible speculation of a recession in the coming month, investors shifted to the bullion market.
    • On 14 April, the price of the metal held steady at Rs.4,457 per gram but soon hit the highest price of the week and the month at Rs.4,543 per gram on 15 April and the price held steady until 16 April.
    • The price of the metal on 17 April dipped to Rs.4,523 per gram due to President Trump announcing measures to reopen the United States economy. Due to this, investors amidst a high risk appetite shifted to the stock market, lowering the price of gold. The metal closed the week at Rs.4,523 per gram recording an overall incline.

    April 2020 – Week 4 (19 –25):

    • The yellow metal opened the fourth week of April at Rs.4,522 per gram in Kerala. Compared to the closing price of the previous week, the price for every gram was down by Rs.1. The rates remained unchanged for the next couple of days.
    • Gold prices in the state increased from 22nd April onwards as the slump in the oil prices added to the global growth woes. The rates of the yellow metal climbed to its highest for the month till date on 24th April on the expectation of more stimulus from central banks in order to reduce the economic damage from the coronavirus pandemic as countries extended the lockdown period. A gram of the precious metal cost Rs.4,584 per gram on the mentioned date in the southern state.
    • The rates closed the penultimate week of April at Rs.4,554 per gram after slipping as investors booked profits. Gold’s overall performance witnessed an incline in the prices over the week.

    April 2020 - Week 5 (26 - 30):

    • Gold was priced in the last week of the month at Rs.4,630 per gram on 27 April and dipped marginally to Rs.4,616 per gram on 28 April. The minor dip in prices was due to investors booking profits of the higher price of the metal in the state.
    • On 29 April, the price of the metal increased marginally to Rs.4,626 per gram due to fluctuations in the international market. However, the metal hit its highest price of the week and the month on 30 April at Rs.4,661 per gram which was a result of central banks releasing stimulus packages to help the economy recover from the COVID-19 crisis.

    Trend of Gold Rate in Kerala for March 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    March 1 Rate Rs.4,074 per gram
    March 31 Rate Rs.3,969 per gram
    Highest Rate in March Rs.4,242 per gram on 7, 8, 9, and 10 March
    Lowest Rate in March Rs.3,885 per gram on 18 and 20 March
    Overall Performance Decline

    March 2020 - Week 1 (01 - 07):

    • The price of gold in Kerala stood at Rs.4,074 per gram at the beginning of the month as well as the week. On 2 March, the gold rate was steady at the same price due to investors waiting on rate cuts by the United States Federal Reserve. On 3 March, the price of the gold increased to Rs.4,085 per gram.
    • On 4 March, a gram of gold was priced at Rs.4,200 per gram which was the highest percentage gain in 4 years. This was due to the United States Federal Reserve cutting down the repo rates along with investors shifting back to the bullion market amidst increased fears of the Coronavirus. On 5 March, the price of the gold remained steady at Rs.4,200 per gram as a strong United States dollar capped the gains of gold in the market along with stronger equities.
    • Gold rates on 6 March dipped by Rs.10 to Rs.4,190 per gram but not before setting out for the best week in more than 8 years. The gold price increased to Rs.4,242 per gram on 7 March with investors shifting to the metal amidst a weak trend in the market. At the end of the week, the gold metal closed at the same rate.

    March 2020 - Week 2 (8 - 14):

    • In Kerala, the price of gold stood at Rs.4,074 per gram on 8 March. This was the highest recorded price of the yellow metal for the month till date. Compared to the previous week’s closing price, the rates didn’t see any change.
    • The rates remained unchanged for the next three days before dropping to Rs.4,226 per gram on 11 March as concerns over the economic toll of the coronavirus outweighed an uptick in equity markets given the cut in interest rates by the Bank of England.
    • The rates continued to slide in the state as investors rushed to cover margin calls in other assets given that gold prices slumped by more than 4% due to panic selling which was driven by intensifying fears over the coronavirus pandemic. Gold closed the second week of March at Rs.3,943 per gram in Kerala with the overall performance witnessing a declining trend.

    March 2020 - Week 3 (15 - 21):

    • Opening the third week of the month at Rs.3,943 per gram on 15 March, the price of gold in Kerala was Rs.3,943 per gram on 16 March as well. However, the gold price increased to Rs.4,074 per gram on 17 March soon after the Fed announced a rate cut to help the economy recover.
    • The price of gold in the state on 18 March was Rs.3,885 per gram which was the lowest gold rate in the week and the month as investors sold their assets for cash to help survive in the fragile economy. Gold prices increased gradually to Rs.3,948 per gram on 19 March as the European Central Bank announced its measures to combat the virus ad help the economy stabilise.
    • However, on 20 March, gold prices dipped down to Rs.3,885 per gram yet again with investors hoarding for cash yet again. However, with a minute safe-haven demand, gold prices increased on the last day of the week at Rs.3,964 per gram on 21 March, closing at the same price.

    March 2020 - Week 4 (22 - 31):

    • In Kerala, gold was priced at Rs.3,990 per gram at the start of the fourth week of March. Compared to the closing price of the previous week, the rates of the yellow metal increased by Rs.26 for every gram.
    • The price of gold slipped in the state on 24 March after staying constant for the previous day. A gram of the 24-karat gold was retailed for Rs.3,969 after investors stockpiled cash given the increasing numbers of coronavirus-led national lockdowns. The lockdowns threaten to overshadow the stimulus measures undertaken by the global central banks in order to fight off the economic damage caused by Covid-19.
    • The rates remained unchanged following that and closed the week at Rs.3,969 per gram. Gold prices didn’t see any change in the prices in the state as the government imposed a 21-day lockdown in a bid to contain the spread of coronavirus. Gold’s overall performance in Kerala showed a declining trend in the prices.

    Trend of Gold Rate in Kerala for February 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    1st February Rate Rs.3,964 per gram
    29th February Rate Rs.4,153 per gram
    Highest Rate in February Rs.4,174 per gram on 25 February
    Lowest Rate in February Rs.3,927 per gram on 6 and 7 February
    Overall Performance Incline

    February 2020- Week 1 (1 - 9):

    • In Kerala, the price of gold on 1 February was Rs.3,964 per gram. The gold rate held steady for the first three days until 4 February. Gold prices hit the highest price of the week at Rs.3,990 per gram with investors shifting to the bullion market amidst fears of the Coronavirus. The price of gold, however, dipped in the next few days due to increased risk appetite.
    • On 5 February, the gold rate dipped to Rs.3,959 per gram with China taking up measures to stabilise their economy and in turn the global economy as well. With the Central Bank cutting down the reverse repo rates and talks of a possible vaccine to treat the virus, investors shifted back to the stock market. Due to this, gold prices hit the lowest price of the week at Rs.3,927 per gram on 6 February.
    • However, this measure did not work out on a permanent basis as the number of people affected by the virus and the number of deaths due to it increased substantially. At the end of the week, the gold price closed at Rs.3,974 per gram.

    February 2020 - Week 2 (10 - 16):

    • Gold prices in Kerala stood at Rs.3,974 per gram at the start of the second week of February. Compared to the previous week’s closing price, there was no change in the rates of the yellow metal.
    • With the dollar holding firm and investors opting for riskier assets given the fall in the number of new confirmed cases of coronavirus, gold prices fought for traction over the next few days.
    • The rates of the precious metal started to increase gradually towards the end of the week as investors bet on the safe-haven metal to hedge against the economic impact due to the outbreak of coronavirus in China. Gold closed the week at Rs.4,001 per gram, the highest recorded price for the month of February till date.

    February 2020 - Week 3 (17 - 23):

    • The price of gold in the South Indian state of Kerala opened at Rs.4,001 per gram in the third week of February. The metal’s prices declined marginally, below the Rs.4,000 per gram mark to Rs.3,990 per gram on 18 February and holding steady on 19 February as well. The dip in prices was majorly due to the investors with higher risk appetite shifting to the stock market amidst a steady dollar value.
    • On 20 February, as the fears of the Coronavirus escalated all over the world, the metal yet again crossed the Rs.4,000 mark, priced at Rs.4,027 per gram. With an increased number of cases being reported in countries like Italy and South Korea, the price of the metal showed an incline due to increased safe-haven demand.
    • At the second half of the week, the price of gold showed continued inclines in the state at Rs.4,053 per gram on 21 February. Increasing to Rs.4,106 per gram on 22 February, investors shifted to the bullion amidst a steady local demand due to the wedding season in the country. The metal closed the week at Rs.4,132 per gram which was the metal’s highest price in the month till date.

    February 2020 - Week 4 (24 to 29):

    • The price of gold in Kerala stood at Rs.4,132 per gram at the start of the fourth week of February. The rates remained unchanged when compared to the previous week’s closing price.
    • Gold recorded its highest price for the second month of the year on 25 February with every gram costing Rs.4,174 in the state. There was a jump of Rs.42 per gram as a warning from the United States over the domestic spread of the coronavirus outbreak rattled global markets, thereby supporting safe-haven demand.
    • The rates slipped following that as investors booked profits after prices climbed more than 1% earlier in the session on mounting worries about how the coronavirus outbreak might hurt the global economy. Gold closed the week as well as the month at Rs.4,153 per gram with the overall performance showing an upward trend in the prices.

    Trend of Gold Rate in Kerala for January 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    January 1 Rate Rs.3,806 per gram
    January 31 Rate Rs.3,964 per gram
    Highest Rate in January Rs.3,922 per gram on 8 and 9 January
    Lowest Rate in January Rs.3,806 per gram on 1 January
    Overall Performance Incline

    January 2020- Week 1 (01 - 05):

    • Gold prices opened the first week of the month, year and decade at Rs.3,806 per gram and increased through the week. On 2 January, the price of the metal was holding steady at Rs.3,806 per gram in the state as investors awaited on developments on the trade deal.
    • On 3 January, the price of the metal increased to Rs.3,817 per gram and then further increased to Rs.3,880 per gram on 4 January. As the value of the dollar faltered in the market, the value of the rupee increased, leading to the rise in demand for gold.
    • Gold prices increased on 5 January to Rs.3,896 per gram as the tensions in the middle east increased after a drone strike by the United States of America resulted in the death of a senior military official.

    January 2020- Week 2(06 - 12):

    • The tensions between Iran and the United States of America escalated when Iran attacked the U.S. army facility in Iraq. Due to this, gold prices were at a high as investors shifted from the market for safe haven. In the second week of the month, gold opened at Rs.3,896 per gram and the prices fluctuated through the week.
    • On 7 January, the price of the metal dipped marginally to Rs.3,964 per gram as investors awaited on President Trump’s response to the attack. Due to steady local demand and amidst a steady trend of the metal globally, the price of the metal in Kerala hit its weekly high at Rs.3,922 per gram on 8 January and was the same until 9 January.
    • However, after President Trump’s decision of easing the tensions instead of launching another attack, risk appetite increased amongst investors prompting them to shift to the stock market. Due to this, gold prices dipped in the second half of the month, closing at Rs.3,901 per gram on 12 January.

    January 2020- Week 3(13 - 19):

    • Geopolitical tensions escalated in the third week of the month when soldiers in Yemen were targets of a drone and military strike. Due to this, traders shifted to the bullion due to its safe-haven appeal instead of the stock market. Opening the week at Rs.3,901 per gram, gold prices in Kerala fluctuated throughout the week.
    • After holding firm, the price of the metal decreased marginally to Rs.3,859 per gram on 15 January as the interim Phase 1 trade deal between China and the United States of America was signed by both countries. Due to this, investors had shifted their focus to the stock market instead of the bullion amidst positive economic data from the United States of America.
    • However, in the second half of the month, as the tensions increased in the Middle East, the price of the metal increased as well. At the end of the week, gold prices closed at Rs.3,890 per gram.

    January 2020- Week 4(20 - 26):

    • In Kerala, gold price stood at Rs.3,890 per gram on January 20. There was no change in the prices of the yellow metal when compared to the previous week’s closing price.
    • With investors seeking refuge in the safe-haven metal given the concerns regarding the outbreak of coronavirus in China and growing tensions in the Middle East, the rates climbed to Rs.3,922 per gram on 22 January.
    • The rates of silver closed the penultimate week of January at Rs.3,938 per gram in the state after dropping to Rs.3,885 per gram on 23 January. The drop in the prices was accounted to investors assessing the risk of coronavirus becoming a global epidemic. Gold’s overall performance in the state showed an incline in the prices.

    January 2020- Week 5 (27 - 31):

    • In Kerala, the price of the metal opened at Rs.3,938 per gram on 27 January and showed a fluctuating trend through the week. The constant change in prices in the city was majorly due to the escalating danger of the Coronavirus amidst various economic factors of a global scale.
    • The yellow metal showed an immediate incline in prices on 28 January to Rs.3,959 per gram and held steady on 29 January as well. This was majorly due to investors taking into stock the effect of the virus on the economy. Moreover, investors in India awaited the developments of the Union Budget 2020.
    • On 30 January, gold prices hit its weekly low at Rs.3,922 per gram, however not before recovering the next day at Rs.3,964 per gram on 31 January.
    • The price of the metal fell as China recorded positive data in the manufacturing of goods and the United States of America recorded positive data in the consumer durables industry. Overall, gold prices recorded an incline in prices in the last week.

    Also Check Gold Price in Metro Cities

    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.

    FAQs About Gold Rate in Kerala

    1. What factors do I check before buying gold in Kerala?

      A few important things to keep in mind before buying gold in Kerala are:

      • The price of gold per gram.
      • The level of purity.
      • Certification of the metal.
      • Buy-back terms of the lender
    2. Will gold prices decrease in Kerala?

      Given the volatility in the market, the price of gold may or may not fall as there are many factors which affect the price of the yellow metal in Kerala and in India.

    3. What international factors affect the gold rate in Kerala?

      Several factors affect the price of gold in Kerala such as crude oil prices, the value of international currencies, etc.

    4. Will the gold price in Kerala keep changing?

      Yes, the gold price in Kerala may keep fluctuating or changing due to various factors which affect the price of gold in the country. Some of these factors include the value of the rupee against the U.S. dollar, the price of crude oil, the trend of the equities market, etc.

    5. How many Paavan is 1 kg?

      1,000 grams or Paavan makes 1 kg of gold. 1,000 grams of gold is equal to 125 sovereigns.

    Also Check Gold Prices in the Cities of Kerala

    Also Check Petrol Price and Diesel Price in Kerala

    News About Gold rate in Kerala

    • Value of gold held steady at above the Rs.50,000 per 10 grams level

      Gold prices were trading higher compared to its previous closing price in the Indian market on 29 December due to a positive trend in the international market. On the Multi Commodity Exchange, gold contracts for February inclined by 0.11% to Rs.50,070 per 10 grams.

      However, silver contracts for March were trading marginally lower by 0.19% at Rs.68,685 per kg. Gold and silver prices inclined as United States President Donald Trump signed a stimulus bill to help the country fight the infection.

      In the international market, gold was trading around $1,900 per ounce at $1,880.40 per ounce. Silver contracts for March was $26.54 per ounce.

      30 December 2020

    • Gold rates remain steady at Rs.50,708

      Gold prices had risen by Rs.43 and reached Rs.50,708 per 10 gram. The metal had traded in a narrow range amidst a lack of recovery in the U.S. dollar. Investors had bought gold as a hedge against uncertainty and inflation. Gold has provided a return of 159% over the last decade as compared to 154% gains in Dow Jones.

      12 November 2020

    • Gold prices remain flat and reach Rs.50,989

      Gold rates had fallen by Rs.54 and reached Rs.50,989 in the Mumbai retail market. This was because of a strong U.S. dollar and also weak global trends. The metal was trading in a narrow range over the past few weeks as the U.S. dollar had been higher. The investors had been waiting for the Presidential election.

      29 October 2020

    • Dip in gold and silver prices

      The prices of gold and silver in Indian markets followed a downward trend that was aligned with global prices. This was the impact of the delay in the release of a US stimulus package before the presidential elections in November. On the Multi Commodity Exchange (MCX), gold futures for December reduced by 0.4% to settle at Rs.50,360 per 10 gram which was a decline for the second days in successive three days. Silver futures for December decreased by 0.9% to settle at Rs.61,064 per kg. In the session prior to this, the price of gold had increased by 0.5% while the price of silver had increased by 1.6%. In global markets, the price of gold decreased as the US dollar held steady with spot gold also declining by 0.4% to settle at $1,893.17 per ounce. The price of silver fell by 1% to settle at $24.05 per ounce. The volatility in prices of gold also impacted investments in Exchange Traded Funds (ETFs).

      15 October 2020

    • Gold prices show a weak trend; silver prices drop

      Gold futures for October delivery dropped on 28 September due to a weak trend of the metal seen in the international market. Gold prices on the Multi Commodity Exchange dipped by 0.20% at Rs.49,560 per 10 grams. Silver futures for December delivery traded 1% lower at Rs.59,027 per kg.

      The price of gold and silver dipped as the dollar value increased in the international market. In the international market, gold prices dropped by 4.78% at $1,864.15 per ounce and silver prices dropped by 14.84% at $22.97 per ounce.

      Gold prices in India settled at Rs.49,659 per 10 grams with a weekly loss nearing 4% and silver prices settled at Rs.59,027 per kg with a weekly loss of more than 13%.

      29 September 2020

    • Gold prices witness a sharp fall for the first time in 3 days

      Gold and silver prices dipped due to a negative trend in the international market. On the Multi Commodity Exchange, gold futures dipped marginally by 0.85% to Rs.51,391 per 10 grams. Silver prices also dropped by 1.4% to Rs.67,798 per kg.

      In the global markets, the price of gold eased due to the value of the dollar recovering in the market. Spot gold was down to $1,954.42 per ounce, down by 0.3%. Silver prices also dropped by 0.8% to $27 per ounce.

      In the market, the dollar index increased by 0.4% against other currencies. This made gold more expensive in other currencies.

      17 September 2020

    • Gold prices dip below the Rs.51,000 per 10-gram levels

      Gold futures dipped below the Rs.51,000 per 10-gram mark on 8 September due to a mute international trend of the metal. As the U.S. dollar value increased in the market, investors awaited the decision to made by the European Central Bank ahead of the meeting.

      On the Multi Commodity Exchange, gold futures for October traded lower by 0.43% at Rs.50,843 per 10 grams. Silver futures for September was trading at Rs.67,880 per kg, with a percentage decline of 0.5%.

      According to analysts, gold and silver prices would remain volatile and could get support at their lower levels due to the constant rise in COVID-19 cases all over the world. In the international market, gold is reportedly supported at $1,910- $1,900 per ounce levels and silver does have support at $26.55 - $26.20 per ounce levels.

      8 September 2020

    • Yellow metal trades in the red; next support seen at Rs.51,800

      The price of Gold in India continued to drop on August 20 after falling below Rs.53,000 in the previous session. The precious metal broke below 52,500 and the next crucial support was at Rs.51,800 per 10 gm.

      On the Multi-Commodity Exchange (MCX), October gold contracts were trading lower by 0.6% Rs.52,263 per 10 gram. September silver futures traded at Rs.67,300 per kg, and slipped 1%.

      Both the prices of gold and silver dropped on August 19 after a sharp rebound in the US dollar index. US bond yields also recovered and triggered selling in both the precious metals.

      The price of Gold dropped around 2% and settled at $1,970.30 per troy ounce, while silver fell around 3% to close at $27.34 per troy ounce.

      Both gold and silver also dropped around 2% percent in the domestic market, as gold settled around Rs.52,600 and silver Rs.68,100.

      21 August 2020

    • Gold prices hold steady at Rs.53,000 per 10 grams range

      In India, the price of gold was holding steady at Rs.53,800 per 10 grams on 4 August amidst a mute trend of the metal’s prices in the international market. On the Multi Commodity Exchange, the gold contracts for October were trading 0.07% higher at Rs.53,821 per 10 grams and the upside of the metal will continue as the metal holds at the Rs.53,700 per 10 grams level.

      Silver futures for September also was trading at 0.2% higher at Rs.65,889 per kg. Gold futures for October settled with a 0.50% gain around the Rs.53,700 per 10 grams level and silver settled at a gain of 1.22% at the Rs.65,750 per kg level.

      According to various experts, gold and silver ETFs are reaching highs as the investors all over the world are shifting towards the safe-haven asset due to various factors.

      5 August 2020

    • Gold prices hold steady after recent highs; experts advise swift buying for better value

      Gold futures for August was trading flat after hitting recent highs and with a negative bias on 8 July. Experts suggest that the investors must take advantage of this marginal dip in value and buy for a target of Rs.49,000 – Rs.49,200 per 10 grams.

      On the Multi Commodity Exchange, gold futures for August was trading lower by 0.20% at Rs.48,700 per 10 grams. Silver futures for July was also trading at a low of 0.26% at Rs.50,072 per 10 grams. On the other hand, the international price of gold gained by more than 1% and was trading at $1,809.90 per ounce and silver as well gained by around 1% and traded at $18.70 per ounce.

      Gold closed with record highs on the Multi Commodity Exchange on 7 July around Rs.48,800 per 10 grams with a gain of more than 1%. Silver prices also gained by 1% and settled at the Rs.50,200 per kg level.

      Speculations of a second lockdown in many countries due to the second wave of COVID-19 cases all over the world supported the bullion market along with a weakness in global equities which added to the rise in gold and silver prices.

      9 July 2020

    • Gold Discounts in India rise

      The discounts on physical gold in the country has now increased and had hit a record high. Indian dealers had offered a discount of up to $18 per ounce over the official domestic prices over the week, as compared to $13 of last year. The domestic gold prices have a 12.5% import tax and also 3% GST.

      On the MCX, the gold futures in the country has hit a record high of Rs.48,589 per 10 grams and had then closed at Rs.48,315. The silver rates in India had ended at Rs.48,390 per kg.

      29 June 2020

    • Gold prices expected to dip; investors advised to use 'sell on rise' strategy

      According to various sources, August futures of gold in India is trading with a dipping trend, however, is likely to increase in the market. The investors have been advised to use the sell on rise strategy when the value bounces towards Rs.46,300 per 10 grams.

      On the Multi Commodity Exchange, the June gold contracts were trading at a high of 0.23% at Rs.46,114 per 10 grams, whereas silver July futures were trading at a low of 0.01% at Rs.48,450 per kg. The price of both metals dipped in the previous session with high expectations of economic recovery with recovering economic data from the United States of America and strength in global equities.

      International gold future tested crucial support of $1,692 per troy ounce and dipped by around 1.50%. Silver retested crucial support of $17.70 per troy ounce and was down by more than 2% in the COMEX division.

      5 June 2020

    Gold Rate - Sitemap

    Gold Rate In Metro Cities
    Gold Rate In Other Capitals
    Gold Rate In Other Major Cities
    Gold Rate In States
    Bank Gold Schemes

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.