Gold Rate In Kerala Today

Todays gold rate in Kerala:

  • 10g of 24K gold is 46,970 Indian Rupee
  • 10g of 22K gold is 43,050 Indian Rupee
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  • Today's Gold Rate in Kerala ( 26 May 2020 )

    ₹ 4,367
    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 ) ₹ 4,367 ₹ 4,388 ₹ -21 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 34,936 ₹ 35,104 ₹ -168 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 4,588 ₹ 4,607 ₹ -19 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 36,704 ₹ 36,856 ₹ -152 ↓

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    26 May 2020 ₹ 4,367 ₹ 34,936 ₹ 4,588 ₹ 36,704
    25 May 2020 ₹ 4,388 ₹ 35,104 ₹ 4,607 ₹ 36,856
    24 May 2020 ₹ 4,351 ₹ 34,808 ₹ 4,746 ₹ 37,968
    23 May 2020 ₹ 4,306 ₹ 34,448 ₹ 4,698 ₹ 37,584
    22 May 2020 ₹ 4,305 ₹ 34,440 ₹ 4,697 ₹ 37,576
    21 May 2020 ₹ 4,315 ₹ 34,520 ₹ 4,707 ₹ 37,656
    20 May 2020 ₹ 4,387 ₹ 35,096 ₹ 4,785 ₹ 38,280
    19 May 2020 ₹ 4,381 ₹ 35,048 ₹ 4,779 ₹ 38,232
    18 May 2020 ₹ 4,352 ₹ 34,816 ₹ 4,747 ₹ 37,976
    17 May 2020 ₹ 4,390 ₹ 35,120 ₹ 4,608 ₹ 36,864

    Weekly & Monthly Graph of Gold Rate in Kerala

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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.

    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.

    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 16 Rate Rs.4,546 per gram
    Highest Rate in May Rs.4,606 per gram on 10 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.

    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 2019- 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 2019- 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 2019- 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.

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

    Parameters Gold price (24 karat)
    December 1 Rate Rs.3,728 per gram
    December 29 Rate Rs.3,722 per gram
    Highest Rate in December Rs.3,759 per gram on 5 December
    Lowest Rate in December Rs.3,675 per gram on 14 December
    Overall Performance Decline

    December 2019- Week 1 (1 – 8):

    • Gold prices in Kerala opened first week of December at Rs.3,728 per gram. There was a jump of Rs.27 for every gram when compared to the previous week’s closing price.
    • The rates climbed to Rs.3,759 per gram on 5 December after the US president said that the trade talks with China were heading in the right direction. This was the highest recorded price of gold in the state for the first week.
    • The price of the yellow metal closed at Rs.3,691 per gram. Gold’s overall performance over the week was trending downwards.

    December 2019- Week 2 (9 - 15):

    • In Kerala, gold prices stood at Rs.3691 per gram on 9 December. Compared to the previous week’s closing price, the rates of the yellow metal didn’t see any change.
    • The rates of gold slipped to the lowest recorded price for the month on December 14 as investors preferred to adopt a wait and watch approach on whether new US tariffs would be imposed on Chinese products as well as the US Federal Reserve’s monetary policy statement. Every gram of the yellow metal cost Rs.3,675 on December 14 in the southern state of Kerala.
    • Gold closed the second week of December at Rs.3,707 per gram. The overall performance of the precious metal in the state witnessed a declining trend over the week.

    December 2019- Week 3 (16 – 22):

    • In Kerala, gold prices stood at Rs.3,707 per gram on 16 December. Compared to the previous week’s closing price, the rates of the yellow metal recorded an increase due to uncertainties in the trade deal between the two economic superpowers.
    • The rates of gold increased to Rs.3,722 per gram which was the highest in the week. This was majorly due to the impeachment of Donald Trump, the president of the United States of America.
    • The price of the metal remained steady throughout the rest of the week amidst steady local demand and geopolitical tensions. Gold closed the third week of the month in Kerala at Rs.3,722 per gram.

    December 2019- Week 4 (23 - 29):

    • In Kerala, gold prices stood at Rs.3,707 per gram on 16 December. Compared to the previous week’s closing price, the rates of the yellow metal recorded an increase due to uncertainties in the trade deal between the two economic superpowers.
    • The rates of gold increased to Rs.3,722 per gram which was the highest in the week. This was majorly due to the impeachment of Donald Trump, the president of the United States of America.
    • The price of the metal remained steady throughout the rest of the week amidst steady local demand and geopolitical tensions. Gold closed the third week of the month in Kerala at Rs.3,722 per gram.

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

    Parameters Gold price (24 karat)
    November 1 Rate Rs.3,749 per gram
    November 30 Rate Rs.3,701 per gram
    Highest Rate in November Rs.3,780 per gram on 3 and 4 November
    Lowest Rate in November Rs.3,701 per gram on 13, 27, 28, 29, and 30 November
    Overall Performance Decline

    November 2019- Week 1 (01-03):

    • Gold rate in Kerala was at Rs.3,749 per gram on 1 November and was steady on 2 November as well. This was majorly due to fluctuating global trends and trade talk speculations.
    • However, on 3 November, the gold price in Kerala increased to Rs.3,780 per gram amidst fears of another interest rate cut by the United States Federal Reserve and a decrease in the value of the dollar.

    November 2019- Week 2 (04-08):

    • In Kerala, the price of gold opened at Rs.3,780 per gram on 4 November and marginally decreased to Rs.3,770 per gram on 2 November due to positive cues in the trade talks between China and the United States of America.
    • On 6 November, the price of the metal remained steady at Rs.3,770 per gram but plummeted to Rs.3,738 on 7 November due to a strong dollar value and trade talk optimism. Investors shifted to the stock market denting the demand of the bullion as safe-haven.
    • Gold prices closed the second week of the month at Rs.3,738 per gram.

    November 2019- Week 3 (09-17):

    • Gold saw a fluctuating trend in Kerala in the third week of November. Opening the week at Rs.3,717 per gram, the rates dropped to Rs.3,701 per gram on 13 November. The decline in the prices was accounted to positive cues of a trade deal between US and China.
    • The prices of the precious metal recovered slightly in the following days as investors awaited the speech of the US president regarding the trade deal between the countries and shifted to the bullion as safe-haven asset.
    • The yellow metal closed the week of the month at Rs.3,733 per gram as no clear sign of the deal was conveyed by either country.

    November 2019- Week 4 (18 - 24):

    • Gold prices showed a declining trend in the fourth week of the month in Kerala due to the renewed optimism in the trade deal between the United States of America and China. The price of the metal at the beginning of the week was Rs.3,733 per gram.
    • The price of the metal increased to Rs.3,743 per gram on 20 November as the impeachment inquiry on President Trump was underway which dented any hopes on the two countries finalising Phase 1 of the trade deal.
    • However, the metal’s prices dipped slightly on 23 November due to a stronger value of the dollar bolstered on positive U.S. jobs data. Gold ended the week at a decline, at Rs.3,722 per gram on 24 November.

    November 2019- Week 5 (25 - 30):

    • Gold prices in Kerala opened the fifth and final week of November at Rs.3,722 per gram. Compared to the previous week’s closing price, the rates didn’t see any fluctuations.
    • The rates remained constant for the next day before declining by Rs.21 for every gram on 27 November. Every gram of the 24-carat gold cost Rs.3,701 on that day.
    • The price of the yellow metal didn’t see any change in the following days and closed the week at Rs.3,701 per gram, the lowest recorded price for the month. This was accounted to traders awaiting further developments regarding the trade talks between the United States and China.

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

    Parameters Gold price (24 karat)
    Rate on 1st October Rs.3,665 per gram
    Rate on 31st October Rs.3,733 per gram
    Highest Rate in October Rs.3,764 per gram on 28 - 30 October
    Lowest Rate in October Rs.3,612 per gram on 2 October
    Overall Performance Incline

    October 2019- Week 1 (1-6):

    • Despite the upcoming festive season, gold rate in Kerala were weak when the month began, trading at Rs.3,665 per gram and falling further to Rs.3,612 per gram on 2 October on poor demand.
    • The possibility of further interest rate cuts by the Federal Reserve amidst weak U.S. data bolstered bullion demand overseas, with local demand also rising as gold price in Kerala rose to Rs.3,644 per gram on 3 October.
    • Gold prices continued to climb steadily as the rupee weakened, increasing retail offtake as the week drew to a close with gold rates soaring to Rs.3,717 per gram on 6 October.

    October 2019- Week 2 (7-13):

    • Gold price in Kerala were at a weak start even though the festive season was about to start in the country. Opening at Rs.3,665 per gram, the price of metal decreased the following day due to poor demand.
    • However, gold rate in Kerala picked up in the second week of the month at Rs.3,717 per gram and hit weekly highs on 10 and 11 October at Rs.3,728 per gram. This was majorly due to investors seeking safe haven in the bullion due to uncertainty in the market ahead of the trade talks.
    • However, as the trade talks eased gradually, investors shifted back to the market resulting in a slight decline in gold prices at Rs.3,701 per gram on 13 October.

    October 2019- Week 3 (14-20):

    • The price of gold opened weak in the third week of the month at Rs.3,701 per gram despite the wedding and festive season in the country due to steady global demand, speculation ahead of the Brexit deal and trade fears.
    • However, gold hit its weekly high at Rs.3,738 per gram on 16 October due to renewed concerns about the global growth and remained steady until 18 October 2019 as the trade talks faded, Brexit fears and weak U.S. data lends.
    • The price of gold closed the week at R.3,738 per gram as local demand steadied and concerns over global growth and renewed Brexit fears hovered around investors.

    October 2019- Week 4 (21-27):

    • In Kerala, the price of gold opened the week at Rs.3,738 per gram on 21 October and decreased to Rs.3,717 per gram on 23 October as investors awaited eagerly on the decision to be made on Brexit and positive cues on the trade talks between the U.S.A and China.
    • Gold prices recovered marginally to Rs.3,738 per gram on 24 October and increased to Rs.3,764 per gram on 25 October due to increased local demand ahead of the festive season and a possible rate cut by the United States Federal Reserve.
    • The price of gold remained steady through the rest of the week at Rs.3,764 per gram after almost hitting close to a 5-week high due to weak economic data, closing the week at the same price.

    October 2019- Week 5 (28-31):

    • Gold prices in Kerala were the highest in the last week of the month at Rs.3,764 per gram on 28 October and held steady until 30 October. The price of the metal held steady due to the positive cues on the trade talks, which resulted in the value of the U.S. dollar increasing against other currencies.
    • However, gold prices in Kerala held steady due to a balanced local demand and investors shifting focus from the trade talks to the interest rate cut by the United States Federal Reserve. This was mainly because of poor economic data in the United States.
    • Gold closed the month and the week at Rs.3,733 per gram in the state amidst the value of the dollar decreasing in the markets due to a 1% rate cut by the Federal Reserve.

    Also Check Gold Price in Metro Cities

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

    Parameters Gold price (24 karat)
    September 1 Rate Rs.3,402 per gram
    September 30 Rate Rs.3,749 per gram
    Highest Rate in September Rs.3,770 per gram on 29 and 30 September
    Lowest Rate in September Rs.3,371 per gram on 2 September
    Overall Performance Incline
    Percentage Change 10.19%

    September 2019- Week 1 (1-8):

    • Opening the month at Rs.3,738 per gram, gold price in Kerala rose steadily during the start of the week on an increase in jeweller demand.
    • The gold rate in Kerala traded at Rs.3,780 per gram on 4 September as equity markets remained volatile, rising to Rs.3,822 per gram on 5 September on poor U.S. manufacturing data.
    • A recovery in the dollar rate and declining retail demand impacted bullion rates as gold price in Kerala fell to Rs.3,801 per gram on 6 September before plunging to Rs.3,717 per gram on 8 September.

    September 2019- Week 2 (9-15):

    • Declining retail and industrial demand impacted gold price in Kerala, which opened at Rs.3,717 per gram before recording a marginal rise to Rs.3,733 per gram on 10 September.
    • Retail sales owing to the festive season helped prop up prices amidst a decline in bullion offtake but could not counter an overall drop in gold demand as gold rate in Kerala fell to Rs.3,675 per gram on 13 September.
    • An end to the ongoing Sino-U.S. trade war buoyed equity markets and the dollar, as the precious metal fell to Rs.3,659 per gram on 14 September. The week ended with gold dropping to Rs.3,644 per gram.

    September 2019- Week 3 (16-22):

    • Declining retail and industrial demand impacted gold price in Kerala, which opened at Rs.3,717 per gram before recording a marginal rise to Rs.3,733 per gram on 17 September.
    • Retail sales owing to the festive season helped prop up prices amidst a decline in bullion offtake but could not counter an overall drop in gold demand as gold rate in Kerala fell to Rs.3,675 per gram on 19 September.
    • An end to the ongoing Sino-U.S. trade war buoyed equity markets and the dollar, as the precious metal fell to Rs.3,659 per gram on 21 September. The week ended with gold dropping to Rs.3,644 per gram.

    September 2019- Week 4 (23-30):

    • Gold price in Kerala opened the week at Rs.3,717 per gram on 26 September before surging to Rs.3,749 per gram on 27 September in response to growing economic uncertainty.
    • Prices continued to climb despite a recovery in the dollar rate and a drop in retail demand, with gold trading at Rs.3,770 per gram on 29 September.
    • Possible Sino-U.S. trade negotiations buoyed flagging equity markets and reduced bullion offtake, as the precious metal ended the month at Rs.3,749 per gram to record a 10.19% rise in price.

    Also Check Gold Prices in the Cities of Kerala

    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.

    Also Check Petrol Price and Diesel Price in Kerala

    News About Gold rate in Kerala

    • Gold prices in India for the second consecutive day on 6 May 2020

      The prices of gold in India decreased slightly on 6 May 2020. Gold prices decreased in the previous session as well. Gold futures prices for the month of June on MCX decreased by about Rs.100 and are at Rs.45,650 for 10 grams.

      In the international markets, the prices of gold fell as well. The main reasons for the prices to reduce was the reopening of economies and a firm dollar. Spot gold prices fell by 0.1% and are at $1,704.88 for an ounce. This week, equities moved higher after many countries eased the lockdown restrictions. The value of the dollar increased for the fourth straight session. A strong dollar makes the prices of gold expensive in other currencies. According to a note given by Kotak Securities, the prices of gold were near $1,700 for an ounce, but due to various factors, the yellow metal is struggling to gain traction. The prices of gold have also been supported because of the tensions between China and the US regarding the coronavirus outbreak. The prices of gold in India are inclusive of 3% GST and 12.5 import duty.

      6 May 2020

    • Prices of gold fall for the second day in India on 30 March 2020

      The prices of gold extended losses for the second consecutive session in India on 30 March 2020. Gold futures prices on MCX for the month of June fell by 0.6% and is at Rs.43,302 for 10 grams.

      In the last week, the prices of gold increased by Rs.3,000. The prices of gold increased sharply in the international markets as well. In the global markets, the prices of gold increased higher due to an increase in demand. The demand for gold has increased due to the fear of recession because of the coronavirus outbreak. Spot gold prices in the international markets increased by 0.3% and are at $1,621.85 for an ounce. The main reason for the demand to increase was a weaker rupee. A weaker rupee ensured that the prices of gold lowered for other currency holders. In India, the prices of gold include 3% GST and 12.5% import duty. According to a report from Reuters, the physical demand for gold has come to a standstill due to the 21-day lockdown. The report further added that massive discounts were provided on international prices. Last week, discounts of $48 for an ounce were provided. Gold market participants continued to remain concerned due to a sharp divergence in New York and London. Gold refineries are closed due to the coronavirus outbreak.

      30 March 2020

    • Lowest weekly prices for gold

      The prices of gold, silver, and palladium declined dramatically this week in drastic contrast to the bull run that these metals had in the year 2019. The fear of recession caused by the economic impact of the coronavirus pandemic caused investors to sell these metals in exchange for cash across markets all over the world. Gold had its biggest weekly decline since the year 1983 with a fall of 9%. Spot gold fell to 3.8% on 13 March and US gold futures fell to 4.6%. The cost of spot gold was $1,517.38 per ounce while that of US gold futures was $1,516.60 per ounce. On the MCX, gold futures fell from Rs.42,070 per 10 grams to Rs.40,055, a difference of Rs.2,000 on the same day, 13 March itself. However, it closed at Rs.40,348 per 10 grams after a surge of Rs.44,700 early in the week. China and India, which are the world’s largest gold consumer markets, saw a decline in activity following the coronavirus pandemic. Despite the safe-haven appeal, fears of recession because of uncertainty around the virus containment as well as a push for liquidity in markets across the world makes it unlikely that the prices of gold will recover soon.

      16 March 2020

    • Prices of gold increase by nearly Rs.650 for 10 grams in a day

      The prices of gold increased in India on 24 February 2020 due to the rise in prices in the international markets and a weaker rupee. Over the last week, the prices of gold have increased by Rs.1,800 for 10 grams.

      Gold futures prices for the month of April on MCX increased by 1.5% and hit Rs.43,312 for 10 grams. Following gold, the prices of silver increased as well. Due to the weakness of Asian currencies, the value of the rupee fell against the dollar and touched Rs.71.89. The prices of gold increase if the rupee depreciates since India imports most of its bullion requirements. Prices of the yellow metal in India include a 12.5% import duty and 3% GST. According to a note provided by SMC Global, the prices of gold may move towards the Rs.43,500 levels and take support at around the Rs.42,700 levels. In the global markets, the prices of gold increased by 2% to hit their highest rate in over seven years. The main reason for the increase in prices was the spread of the coronavirus outside China. The prices of spot gold increased and hit $1,678.58 for an ounce. According to various analysts, the Federal Reserve may reduce the interest rates in the second half of the year as the virus is threatening the global economy.

      24 February 2020

    • Prices of gold fall by Rs.500 per gram over the last two days

      On 29 January 2020, the prices of gold decreased when compared to the previous session. Gold futures prices on MCX decreased by Rs.169 and touched Rs.40,073 for 10 grams.

      In the previous session, the prices of gold decreased by 0.85% for 10 grams. The prices of gold decreased due to a stronger rupee. Gold traders will be looking forward to the US Federal Reserve’s monetary policy announcement that is due on 29 January 2020. According to Anand Rathi Shares’ research analyst, Jigar Trivedi, prices of gold on MCX continued with the weak momentum on 28 January 2020. The prices of gold also decreased due to a strong dollar. In the international market, the prices of gold remained steady and were at $1,565.69 for an ounce. Investors continued to remain worried about the coronavirus in China. The death toll due to the coronavirus increased to over 130. The number of infected individuals also increased to around 6,000. In the month of January, the prices of gold have increased by 3% in the international market. In 2019, the prices of gold increased by 18% in the international market. In India, the Budget for FY21 will be tabled by the government on 1 February 2020. The import duty of gold was increased by 3% by the government in last year’s Budget.

      29 January 2020

    • Prices of gold increase on 19 December 2019

      Due to the impeachment of the US President Donald Trump, the prices of gold in India followed the global bullion markets and increased by Rs.46 for 10 grams. The prices of gold saw a decline of Rs.28 on 18 December 2019 to hit Rs.37,912 for 10 grams.

      Gold futures prices on MCX were trading at Rs.37,958 for 10 grams. On 3 December 2019, the prices of gold peaked and hit Rs.38,327 for 10 grams. Since then the prices of gold have seen a decline. Silver futures prices for the month of March increased by Rs.67 and hit Rs.44,514 for a kg. According to Geojit Financial Services’ Head Commodity Research, Hareesh V, the optimism that the trade deal between China and the US would be signed soon will likely weigh the sentiments of gold being a safe haven. The Government of India has banned the import of gold and silver powder that is used for industrial purposes and not for making jewellery. In the international market, the prices of spot gold increased by 0.1% and hit $1,477.15 for an ounce. Gold futures prices in the US increased by 0.2% and hit $1,481.30 for an ounce.

      20 December 2019

    • Prices of gold increase because of the tensions in trade talks between China and the US

      Prices of gold remained firm on 20 November 2019 because of the tensions in the trade talks between the US and China. Investors are also waiting for the minutes of the US Federal Reserve meeting.

      Spot gold prices increased by 0.2% and hit $1,475.63 for an ounce. Gold futures prices remained the same at $1,474 for an ounce. On 19 November 2019, the US President had warned that the tariffs would be increased in case a trade deal is not struck. A bill was passed by the US Senate supporting the protests in Hong Kong. An US embassy official was summoned by China to demand that the US stop interfering. According to a senior currency strategist at DailyFx, Ilya Spivak, the latest bill passed by the US Senate has caused concerns about the trade deal between China and the US. The interest rates have been reduced three times this year by the US Federal Reserve in order to help sustain US growth. However, the US Federal Reserve had informed that there would be no further cuts unless the economy becomes worse. Prices of silver remained the same and hit $17.13 for an ounce.

      21 November 2019

    • Traders' expectations exceeded as 30 tonnes of gold sold on Dhanteras

      According to Surendra Mehta, the National Secretary of the Indian Bullion and Jewellers Association (IBJA), the amount of gold sold on Dhanteras exceeded expectations. In total, around 30 tonnes of gold were sold on Dhanteras.

      According to Surendra Mehta, the last few years have seen around 40 tonnes of gold sold on Dhanteras. However, because of the liquidity crunch and high prices, gold sales were expected to be at 20 tonnes this year. There has been a 25% drop in gold sales this year when compared to the same time last year. Mehta said that gold sales were not expected to be this high in 2019 due to its high prices. He added that the prices of gold in the bullion market were high because of the increase in prices in the global market and import duty expenses in the country. Therefore, the expectation for gold sales on Dhanteras was less. However, an improvement in the buying trends ensured 30 tonnes of gold were sold. On 25 October 2019, gold prices closed at Rs.38,275 for 10 grams. Gold prices were at Rs.31,702 for 10 grams at the same time last year. The import duty on expensive metals has also been increased by the government from 10% to 12.5%. The prices of gold have also increased due to this.

      28 October 2019

    • Gold Price Continue To Dip As Silver Rises

      Gold prices in India continued to fall, with futures for December trading 0.09% lower at Rs.38,463 for 10 grams. The fall came after days of successive gains with the metal rising steadily on growing domestic and international demand.

      The fall in local prices is in contrast to overseas trends, where gold rose to a one-week high of $1,511.24 per ounce. Apprehension over the U.S.-China trade talks ramped up demand for safe-haven assets as investors hedged against possible equity losses.

      The upcoming festive season is also bolstering demand for bullion, but jewellers are offering steep discounts to entice retail sales due to steep costs. Despite gold prices falling from historic highs of close to Rs.40,000 for 10 grams in September, the price has risen by close to 20% during this calendar year.

      10 October 2019

    • Gold Falls On Equity Gains and Weak Spot Demand

      Gold prices dropped in futures trading, extending losses as reports of a trade deal between the U.S. and China dampened bullion demand.

      Gold futures for October delivery traded 0.20% lower at Rs.37,527 for 10 grams before closing at Rs.37,602 per 10 grams on the Multi Commodity Exchange (MCX).

      Muted demand by jewellers also weighed on the precious metal, as the Sensex rose on positive investor sentiment. A rise in investor demand for riskier assets dented gold’s safe-haven appeal.

      On the international market, gold fared poorly after news of a possible trade deal between the U.S. and China bolstered equities and the dollar. Spot gold plunged by almost 2% to $1,500 per ounce and could remain volatile in the coming days.

      26 September 2019

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