Gold Rate In Kerala Today

Today's gold rate in Kerala:

  • 10g of 24K gold is 38,850 Indian Rupee
  • 10g of 22K gold is 37,000 Indian Rupee
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  • Today's Gold Rate in Kerala ( 23 Jan 2020 )
    ₹ 3,700
    Today's Gold Rate (22K) per gram
    Compare Gold Rate In Kerala (Today & Yesterday)
    Today
    (23 Jan 2020)
    Yesterday
    (22 Jan 2020)
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 3,700 ₹ 3,735 ₹ -35 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 29,600 ₹ 29,880 ₹ -280 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 3,885 ₹ 3,922 ₹ -37 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 31,080 ₹ 31,376 ₹ -296 ↓
    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    23 Jan 2020 ₹ 3,700 ₹ 29,600 ₹ 3,885 ₹ 31,080
    22 Jan 2020 ₹ 3,735 ₹ 29,880 ₹ 3,922 ₹ 31,376
    21 Jan 2020 ₹ 3,720 ₹ 29,760 ₹ 3,906 ₹ 31,248
    20 Jan 2020 ₹ 3,705 ₹ 29,640 ₹ 3,890 ₹ 31,120
    19 Jan 2020 ₹ 3,705 ₹ 29,640 ₹ 3,890 ₹ 31,120
    18 Jan 2020 ₹ 3,705 ₹ 29,640 ₹ 3,890 ₹ 31,120
    17 Jan 2020 ₹ 3,705 ₹ 29,640 ₹ 3,890 ₹ 31,120
    16 Jan 2020 ₹ 3,705 ₹ 29,640 ₹ 3,890 ₹ 31,120
    15 Jan 2020 ₹ 3,675 ₹ 29,400 ₹ 3,859 ₹ 30,872
    14 Jan 2020 ₹ 3,715 ₹ 29,720 ₹ 3,901 ₹ 31,208

    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 January 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    January 1 Rate Rs.3,806 per gram
    January 19 Rate Rs.3,890 per gram
    Highest Rate in January Rs.3,922 per gram on 8 January and 9 January
    Lowest Rate in January Rs.3,806 per gram on 1 January
    Overall Performance Decline

    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.

    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.

    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 Price in Metro Cities

    Also Check Gold Prices in the Cities of Kerala

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

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

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

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

    Gold Investment Avenues in Kerala

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

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

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

    Also Check Petrol Price and Diesel Price in Kerala

    News About Gold rate in Kerala

    • 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

    • Gold and silver prices continue to reduce in India

      Due to a strong rupee when compared to a dollar and a weak global trend, gold and silver prices continued to reduce in India. October gold futures prices on MCX decreased by 0.2% and hit Rs.37,877 for 10 grams.

      Gold prices have reduced by Rs.2,000 when compared to last week. Last week, gold hit a high of Rs.39,885 for 10 grams. Following gold, silver prices also reduced in India. On MCX, silver futures prices reduced by 0.6% on 12 September 2019 and hit Rs.47,518 for a kg. When compared to last week, silver prices have come down by nearly Rs.4,000. Last week, silver hit highs of Rs.51,489 for a kg. In the international market, gold prices reduced by 0.2% and hit $1,493 for an ounce. Gold prices have decreased sharply when compared to the recent highs of $1,550 for an ounce. An improvement in riskier investments is seen as one of the reasons for the decrease in gold prices. Due to the hopes in the trade talks between China and the US, there has been an improvement in the global risk sentiment. According to Kotak Securities, gold prices have decreased because of the equity market stability and the increase in the US bond yields.

      13 September 2019

    • Bullion Drops On Weaker Investor Interest Ahead Of Fed Meeting

      Gold prices opened the trading day lower due to profit booking ahead of the Federal Reserve Chairman’s speech this weekend.

      Gold futures traded 0.15% lower at Rs.38,109 for 10 grams after reaching record highs this week. Spot gold rose to Rs.38,970 for 10 grams on a weak rupee and increased safe-haven buying by investors.

      Meanwhile on the international market the precious metal continued to maintain its position, hovering close to $1,500 per ounce on equity volatility and shaky global currency markets.

      Trade uncertainties due to the ongoing trade dispute between the United States and China buoyed safe-haven asset demand.

      23 August 2019

    • Gold prices hold steady amid investors waiting on Fed decision on interest rates

      Gold prices held steady globally as investors wait on the outcome of the Fed’s meeting later this month. While investors state that a rate cut is likely, a cut of 50-basis points, as expected earlier, may now be unlikely. This is why most investors are waiting to see what the monetary policy for the rest of the year may look like.

      The movement of gold will now depend on how dovish or hawkish the central bank’s monetary policy will be.

      In addition to this meeting, traders are also keeping a close eye on U.S.-Chinese trade talks that are taking place in Shanghai this week.

      On Friday (26 July), SPDR Gold Trust, the world’s largest gold-backed exchange-traded-fund stated that its holdings fell 0.1% to 818.14 tonnes.

      Among other precious metals, palladium fell 0.6%, platinum rose 1.2%, and silver slipped 0.1% to $16.38 per ounce.

      29 July 2019

    • Gold Prices Climb on Increased Jeweller Interest and Firm Global Trend

      Gold prices rose sharply as a firm global trend and increased offtake from local jewellers increased demand for the precious metal.

      On the global market, spot gold rose to trade at $1,425.95 per ounce on increased safe-haven demand by investors.

      Across local bullion markets, pure gold (of 99.9% purity) rose by Rs.260 to trade at Rs.34,380 for 10 grams. Standard gold (of 99.5% purity) also rose by Rs.260 to trade at Rs.34,210 for 10 grams. There was no change in the price of sovereign gold, which continued to trade at Rs.26,800 per 8 grams.

      The recent trade war fears and monetary easing signs from global central banks have favoured a bullish trend with regard to gold.

      3 July 2019

    • Gold prices dip due to a decrease in local demand

      On 24 June 2019, the price of gold fell by Rs.100 and was trending at Rs.34,270 per 10 grams in the bullion market. This price was recorded in the National Capital Region of Delhi. The dip in price was majorly attributed to a slow local demand even though the price of the metal was high in the global markets.

      However, on the other hand, silver on the same day recorded a rise in prices by Rs.90, closing the market at Rs.39,090 per kg. The rise in prices was due to increased demand by industrial units and also coin makers.

      The price of Spot gold is hovering at a six-year high in global markets due to the ongoing tension between the United States of America and Iran. Along with this, a cut in interest rates by the Federal Reserve in the U.S. as well as in the United Kingdom has made investors to shift their investments in the bullion due to uncertainty in the stock market.

      Silver coins were priced at Rs.80,000 per 100 coins for buying and Rs.81,0000 for selling per 100 pieces.

      27 June 2019

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