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  • Gold Rate In Kerala

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    25 Jun 2017 ₹ 2,720 ₹ 21,760 ₹ 2,910 ₹ 23,280
    23 Jun 2017 ₹ 2,710 ₹ 21,680 ₹ 2,800 ₹ 22,400
    22 Jun 2017 ₹ 2,695 ₹ 21,560 ₹ 2,885 ₹ 23,080
    21 Jun 2017 ₹ 2,685 ₹ 21,480 ₹ 2,875 ₹ 23,000
    20 Jun 2017 ₹ 2,685 ₹ 21,480 ₹ 2,875 ₹ 23,000
    19 Jun 2017 ₹ 2,695 ₹ 21,560 ₹ 2,885 ₹ 23,080
    18 Jun 2017 ₹ 2,695 ₹ 21,560 ₹ 2,888 ₹ 23,104
    17 Jun 2017 ₹ 2,695 ₹ 21,560 ₹ 2,888 ₹ 23,104
    16 Jun 2017 ₹ 2,705 ₹ 21,640 ₹ 2,898 ₹ 23,184
    15 Jun 2017 ₹ 2,715 ₹ 21,720 ₹ 2,905 ₹ 23,240

    *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 Rate in Kerala

    According to a Times of India article published in December, 2014,3 gold loan companies together hold around 200 tonnes of the yellow metal in the form of jewelry. This equation is higher than gold reserves of Sweden, Singapore and Australia. This means the that gold rates 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 rates 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.

    Comparison for 24 K Gold Rates for Kerala April'17

    Trend of Gold Rate in Kerala for June 2017 (rates per gram for 24 karat gold)

    June 2017 - Week 1 (1st-4th):

    • Kerala witnessed a relatively relaxed period with regards to gold sales in the country.
    • On the 1st of June, gold was priced at Rs.2,915 per gram - as May 31st prices continued onto the 1st of this month as well.
    • Due to there be no change in demand, gold prices remained at Rs.2,915 per gram on the 2nd as well.
    • The 3rd, however, saw demand increase as gold prices rallied around the world owing to a low in US-EU relationship.
    • On 3rd, gold was trading at Rs.2,935 per gram - a Rs.20 increase from the previous day’s prices.
    • When the week came to an end on the 4th, gold was still trading at Rs.2,935 per gram.

    June 2017 - Week 2 (5th - 11th)

    • In Kerala, gold prices saw little change for much of the week.
    • On the 5th of June, when the week began, gold was priced at Rs.2,935 per gram and as demand remained stable, prices were still the same on the 6th.
    • The 7th saw bullion rates increase due to a rise in local demand as they went up to Rs.2,945 per gram.
    • From the 8th to the end of the week, gold prices didn’t change as demand was pretty much the same.

    June 2017 - Week 3 (12th-18th)

    • Gold traded at Rs.2,945 per gram on the 12th of June in the state of Kerala. However, as the demand for this metal was not very high, the rate of gold was not sustained.
    • From the 13th of June to the 14th of June, the gold rate in Kerala fell to Rs.2,915 per gram.
    • Due to a reduction in the demand for this precious metal, the rate of gold fell to trade at Rs.2,905 per gram on the 15th of the month.
    • There were certain doubts regarding gold trade as clarity was still needed about issues that were faced by banks that were importing bullion, due to GST.
    • As the week progressed, the rate of gold continued to reduce and this metal traded at Rs.2,888 per gram on the last two days of the week.

    Trend of Gold Rate in Kerala for May 2017 (rates per gram for 24karat gold)

    May 1st  Rate Rs.2,935 per gram
    May 31st Rate Rs.2,915 per gram
    Highest Rate in May Rs.2,935 per gram on 1st & 2nd May
    Lowest Rate in May Rs.2,855 per gram on 4th & 5th May
    Overall Performance Decline
    Percentage Change -0.68%

    May 2017 - Week 1 (1st-7th)

    • Rate of gold in Kerala was relatively low during the beginning of the first week of May and continued to reduce as the week progressed.
    • Gold was priced at Rs.2,935 per gram on the 1st of the month and this rate was noted the next day as well.
    • The rate of gold fell by Rs.10 the next day to trade at Rs.2,925 per gram.
    • As the week progressed, the rate of gold continued to reduce.
    • During the last three days of the first week, gold was priced at Rs.2,885 per gram in Kerala.

    May 2017 – Week 2 (8th -14th)

    • Gold prices in Kerala reflected trends seen across other Indian cities, with prices falling during the week due to a drop in demand.
    • Gold traded at Rs.2,885 per gram on 8th May, with the price dropping to Rs.2,875 per gram on 10th May as investors moved away from safe haven investments following a rally by the markets.
    • Prices fell to Rs.2,865 per gram on 11th May as the U.S. Dollar gained on global currencies, reducing demand for gold as exports became costlier.
    • Gold ended the week trading at Rs.2,865 per gram on 14th May, recording a loss in price of Rs.20 per gram over the course of the week.

    May 2017 - Week 3 (15th - 21st)

    • Kerala, the most popular gold-consuming states, didn’t see as much of a drastic change in prices as other parts of the country.
    • This was vastly because bullion demand could hold its own in the state, which was reflected in the prices.
    • On 15th May, gold was priced at Rs.2,865 per gram and continued at the same rate on the 16th as well.
    • Prices went up on 17th to reach Rs.2,975 per gram as US dollar value seemed to weaken.
    • Gold rates witnessed one of the biggest increase for the month on 18th as it went up to Rs.2,915 per gram - a Rs.40 increase from the previous day.
    • Rates, however, remained the same over the next three days as demand didn’t change much over the next three days.

    May 2017 – Week 4 (22nd - 28th)

    • The rate of gold was quite low in the state of Kerala during the fourth week of May. Gold was priced at Rs.2,905 per gram on the 22nd and increased by Rs.20 the next day.
    • The Manchester blasts had no significant impact on the rate of gold in Kerala.
    • Due to a fall in the demand for this precious metal, gold traded in Kerala at Rs.2,915 per gram on the 24th of May. This rate was noted until the 25th of the month.
    • The value of the U.S. dollar slipped as the U.S. Fed Reserve did not give an indication that the interest rates would be hiked.
    • On the last two days of the week, gold traded at Rs.2,925 per gram in Kerala.

    May ’17 – Week 5 (29th to 31st)

    • Gold prices in Kerala were lower than the median rate, with gold trading at Rs.2,925 per gram on 29th May as prices remained constant from the previous week due to minimal fluctuation in demand.
    • The decrease in demand from jewellers as well as market stability following the attack in Manchester led to gold prices remaining unchanged.
    • Prices fell as the month drew to a close, with gold falling by Rs.25 per gram in a day to trade at Rs.2,915 per gram on 31st May, registering a loss in value of 0.68% over the course of the month.
    April 1st Rate Rs.2,920 per gram
    April 30th Rate Rs.2,935 per gram
    Highest Rate in April Rs.3,000 per gram on the 22nd and 23rd of April
    Lowest Rate in April Rs.2,920 per gram from the 1st to the 3rd of April
    Overall Performance Incline
    Percentage Change 0.51%
    Comparison for 24 K Gold Rates for Kerala March'17

    April 2017 - Week 1 (1st-9th)

    • Gold rate in Kerala was relatively low during the beginning of the first week of April but increased as the week progressed due to low demand.
    • Gold was priced at Rs.2,920 per gram on the 1st of April due to moderate demand from markets in both India and abroad.
    • This gold price in Kerala was maintained until the 3rd of April.
    • Due to increased demand for this precious metal, the rate of gold increased to Rs.2,940 per gram on the 4th of April and stayed steady at this rate until the 6th of April.
    • As demand for gold continued to rise, the rate of gold steadily increased to Rs.2,950 per gram on the 7th of April. But this demand was not sustained and the rate of gold reduced to next day.
    • On the last two days of the month, the rate of gold fell to Rs.2,930 per gram on account of reduced demand.

    April 2017 - Week 2 (10th-16th)

    • In Kerala, the second week of April began with gold trading at Rs.2,930 per gram and, as demand went up, increased to Rs.2,940 per gram on 11th.
    • Gold rate in Kerala went up again on 12th, this time to reach Rs.2,965 per gram and increased again to Rs.2,975 per gram on 13th.
    • From 14th till 16th, gold price in Kerala remained unchanged as it consolidated to end the week at Rs.2,975 per gram.

    April 2017 - Week 3 (17th-23rd)

    • Rate of gold in Kerala was relatively low during the beginning of the third week of April but increased as the week progressed.
    • Gold was priced at Rs.2,975 per gram on 17th April due to low demand from markets in both India and abroad. This rate was noted until the 18th of April.
    • However, as the demand for this metal increased, the rate of gold followed an upward trend as well.
    • Rate of gold continued to trade steadily at Rs.2,990 per from from the 19th to the 21st of April.
    • Prices recovered as the U.S. Dollar fell towards the end of the week, as gold traded at Rs.3,000 per gram on the 22nd and 23rd of April.

    April 2017 - Week 4 (24th-30th)

    • Rate of gold in Kerala was relatively low during the beginning of the third week of April and continued to decline as the week progressed.
    • On the first day of the fourth week, gold traded at Rs.2,985 per gram before reducing by Rs.10 the next day.
    • On the 26th of April, due to a reduction in the demand for this metal, gold traded at Rs.2,960 per gram and fell even further the next day.
    • Rate of gold was steady at Rs.2,935 per gram on the last two days of the week due to low demand for this metal.
    March 1st Rate Rs.2,960 per gram
    March 31st Rate Rs.2,920 per gram
    Highest Rate in March Rs.2,960 per gram on 1st March
    Lowest Rate in March Rs.2,860 per gram on 15th March
    Overall Performance Decline
    Percentage Change -1.35%
    Comparison for 24 K Gold Rates for Kerala February '17

    March 2017 - Week 1 (1st - 4th):

    • Unlike other cities and states in the country, gold prices in Kerala remained the same over the course of the week.
    • Gold was trading at Rs.2,960 per gram on 1st and remained the same till the closing hours of the 4th.

    March 2017 - Week 2 (5th - 11th):

    • Kerala sustained the best period with regards to gold rates in the second week of March.
    • Rates remained the same over the entire week as the demand remained much the same throughout.
    • When the week started gold in Kerala was trading at Rs.2,960 per gram and ended the week at the same price on the 11th.

    March 2017 - Week 3 (12th-18th):

    • Rate of gold in Kerala was relatively high during the beginning of the third week of March but reduced as the week progressed due to low demand.
    • Gold was priced at Rs.2,960 per gram on 13th March due to high demand from markets in both India and abroad.
    • However, this demand could not be sustained and the rate of silver fell to Rs.2,890 per gram on the 14th of March.
    • Rate of gold continued to decline the next day as well with gold trading at Rs.2,860 per gram on the 15th due to a fall in industrial demand.
    • Prices recovered as the U.S. Dollar fell towards the end of the week, as gold traded at Rs.2,880 per gram on 16th March.
    • The price rose to Rs.2,890 per gram on 17th March and continued this way until the end of the week, registering a fall of Rs.70 in the rate of gold.

    March 2017 - Week 4 (19th-25th):

    • In Kerala, gold rates changed only on two occasions during the fourth week of March.
    • On 20th, gold was trading at Rs.2,890 per gram and remained unchanged during the 21st.
    • The 22nd saw gold prices increased to Rs.2,920 per gram as dollar value fell and local demand increased.
    • Gold rates didn’t change over the next four days as trade was holding steady against a strengthening dollar.
    • At the end of March week 4, gold was trading at Rs.2,920 per gram.

    March 2017- Week 5 (26th-31st):

    • In Kerala, one of the largest gold consuming states in the country, gold rates didn’t see too much of a fluctuation.
    • Gold rate in Kerala only changed on one of the days of the week.
    • On 27th, gold was trading at Rs.2,920 per gram but went up to Rs.2,925 per gram on 28th.
    • The 29th saw gold price in Kerala go down by Rs.5 to Rs.2,920 per gram.
    • For the next few days till the end of the week, gold rates remained at Rs.2,920 per gram.
    February 1st  Rate Rs.2,945 per gram
    February 28th  Rate Rs.2,960 per gram
    Highest Rate in February Rs.3,031 per gram from 25th-27th February
    Lowest Rate in February Rs.2,935 per gram on 14th & 15th February
    Overall Performance Incline
    Percentage Change +0.50%
    Comparison for 24 K Gold Rates for Kerala January '17

    February 2017 - Week 1 (1st-4th):

    • In Kerala, one of the biggest consuming state in the country, gold prices saw little to no change as the local markets cruised through a pretty solid period.
    • The week began with gold trading at Rs.2,945 per gram and remained the same for much of the week.
    • At the end of the week, gold prices were still holding off at Rs.2,945 per gram.

    February 2017 - Week 2 (5th-11th)

    • Unlike the trend across the country, the price of gold in Kerala did not see any change for the duration of the second week of February.
    • Local demand kept prices stable and insulated from the fluctuations seen across other markets and cities, with gold trading at Rs.2,945 per gram from 5th February to 11th February.
    • The sustained demand for gold due to the wedding season kept prices steady, in spite of a reduction in industrial demand from the region during this period.

    February 2017 - Week 3 (12th-18th)

    • The price of gold in Kerala reflected trends across the country, with gold prices dipping initially before recovering as the week ended.
    • Gold was priced at Rs.2,945 per gram on 12th February, with the price remaining constant till 13th February on steady demand.
    • Prices dipped to Rs.2,935 per gram on 14th February due to a fall in industrial demand.
    • Prices recovered as the U.S. Dollar fell towards the end of the week, as gold traded at Rs.2,945 per gram on 16th February.
    • The price rose to Rs.2,960 per gram on 18th February registering a rise in price of Rs.15 per gram over the week.

    February 2017 - Weeks 4 & 5 (19th-28th)

    • The price of gold in Kerala was constant throughout the last two weeks of February, as local demand kept prices stable.
    • Gold was priced at Rs.2,960 per gram on 19th February, with the price remaining constant till the month ended on 28th February.
    • Market vagaries and demand fluctuations did not affect the price, in contrast with most other cities in India.
    • The overall increase in price was also minimal, with gold rising by 0.50% during the month.
    January 1st Rate Rs.2,815 per gram
    January 31st Rate Rs.2,945 per gram
    Highest Rate in January Rs.2,970 per gram from 23rd-26th January
    Lowest Rate in January Rs.2,815 per gram form 1st-3rd January
    Overall Performance Incline
    Percentage Change +4.61%
    Comparison for 24 K Gold Rates for Kerala December '16

    January 2017 - Week 1 (1st to 7th)

    • In Kerala, the highest gold consuming state in India, gold prices witnessed some highly positive growth.
    • When the week began, gold was trading at Rs.2,815 per gram and continued at the same rate for much of the 2nd and the 3rd.
    • On 4th, prices increased by Rs.30 as demands surged to trade at Rs.2,845 per gram.
    • Prices increased on the 5th too, by Rs.15, to hike gold rates to Rs.2,860 per gram.
    • On 6th and 7th, gold rates were the same as on the 5th and ended the week at Rs.2,860 per gram.

    January 2017 - Week 2 (8th to 15th)

    • Gold prices in Kerala saw significant increases, with gold trading at Rs.2,860 per gram on 8th January.
    • Prices rose to Rs.2,880 per gram from 10th-13th January, increasing by Rs.20 due to robust trading in gold.
    • The end of the week saw gold prices rise further as markets were unstable, leading to investors taking a greater interest in bullion.
    • Gold traded at Rs.2,920 per gram on 14th and 15th January, registering an increase in the weekly price by Rs.60.

    January 2017 - Week 3 (15th to 21st):

    • Kerala, one of the biggest gold consuming state in the country, witnessed some positive growth during the third week of January.
    • The week began with gold trading at Rs.2,920 per gram and continued at the same rate till the end of business hours of the 18th.
    • On 19th, prices increased by Rs.30 to hit Rs.2,950 per gram and remained the same on the 20th as well.
    • At the end of the week on the 21st, prices increased by Rs.10 as the yellow metal was trading at Rs.2,960 per gram.

    January 2017- Weeks 4 & 5(22nd to 31st)

    • While gold traded high initially, prices fell towards the middle of the week to record a loss in price.
    • Gold traded at Rs.2,960 per gram on 22nd January in Kerala, as local demand coupled with high industrial demand kept prices stable.
    • Prices rose to a monthly high of Rs.2,970 per gram on 23rd January, with consistent demand keeping prices constant for the next three days.
    • The end of the week saw a dip in price as local demand could not boost prices, which were flagging due to lower than expected demand from overseas.
    • Prices fell still further as the week ended, trading at Rs.2,945 per gram on 31st January.
    December 1st Rate Rs.2,905 per gram
    December 31st Rate Rs.2,815 per gram
    Highest Rate in December Rs.2,905 per gram on 1st December
    Lowest Rate in December Rs.2,760 per gram from 21st to 23rd December
    Overall Performance Decline
    Percentage Change -3.09%
    Comparison for 24 K Gold Rates for Kerala Novemeber '16

    December 2016 - Week 1 (1st to 4th)

    • Gold rate in Kerala didn’t see much of a change for the first week.
    • The week began as gold traded at Rs.2,905 per gram which held on till the closing hours of the 2nd.
    • On the 3rd, prices went down slightly to reach Rs.2,900 per gram.
    • At the end of the week on the 4th, gold prices were the same as they were on the 3rd, with the prices closing at Rs.2,900 per gram.

    December 2016 - Week 2 (5th-11th)

    • Kerala nearly saw a fall of Rs.100 per gram over the course of the week.
    • Gold traded at Rs.2,900 per gram at the beginning of the week on December 5th.
    • December 6th too maintained the same prices as gold again traded at Rs.2,900 per gram.
    • On December 7th, prices dipped by about Rs.35 to sell at Rs.2,865 per gram and went on to trade at Rs.2,860 per gram on the the 8th.
    • On December 9th, prices again fell as gold began trading at Rs.2,940, a decrease of Rs.20 per gram.
    • December 10th saw yet any downsurge in gold prices when they hit Rs.2,910 per gram, a good Rs.90 per gram decrease from the first day of the week.
    • At the time of closing on December 11th, price of gold remained at Rs.2,910 per gram.

    December 2016 - Week 3 (12th to 18th)

    • Gold prices saw quite some change over the 3rd week of December.
    • The week began on the 12th where gold traded at Rs.2,810 per gram.
    • Prices remained the same as on the 12th till the closing hours of the 14th.
    • On 15th, gold prices decreased by Rs.35 to hit Rs.2,775 per gram.
    • The 16th saw price decrease further more as gold sold at Rs.2,445 per gram.
    • On 17th, prices climbed up to hit Rs.2,770 per gram and maintained at the same rate till the closing hours of the 18th.

    December 2016 - Week 4 (19th to 25th)

    • Kerala saw very little change in gold prices for the week.
    • At the beginning of the week as it traded at Rs.2,770 per gram and the same rate continued till the 20th.
    • The 21st, however, saw prices decrease to hit Rs.2,760 per gram which remained stable till the 23rd of the month.
    • On the 24th, prices went back up again as gold traded at Rs.2,770 per gram and sold at the same rate at the end of the week on the 25th.

    December 2016 - Week 5 (26th to 31st)

    • Gold prices in Kerala were lower than usual due to demonetisation, as demand was low.
    • Gold was priced at Rs.2,770 per gram on 26th December, with the price staying the same on 27th December as well.
    • Prices rose to Rs.2,805 per gram on 28th December as the markets fell, prompting an increase in demand for gold.
    • The price rose to Rs.2,815 per gram on 29th December, with prices staying constant till 31st December.
    1st November rate Rs.3,055 per gram
    30th November rate Rs.2,940 per gram
    Highest rate in November Rs.3,135 per gram on 9th November
    Lowest rate in November Rs.2,930 per gram on 25th November
    Overall performance Decline
    % Change -3.76%

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    Comparison for 24 K Gold Rates for Kerala October '16

    November '16 - Week 1 (1st to 6th)

    • Gold traded at Rs.3,055 per gram on 1st November.
    • Gold prices started to increase this week as demand in the domestic spot market was high because the wedding season has begun.
    • In the global market, trends played in favor of gold as the dollar weakened.
    • Gold traded at Rs.3,110 per gram from 4th November to 6th November which was the highest rate for gold this week.

    November '16 - Week 2 (7th to 13th)

    • Gold traded at Rs.3,090 per gram on 7th November.
    • Prices fluctuated drastically this week as trends in the global market were the opposite of the domestic market.
    • There was a spike in gold prices on 9th November with gold trading at Rs.3,135 per gram, the highest for the week, soon after Prime Minister Modi announced his strike on black money.
    • Demand for gold declined as people were reluctant to buy gold fearing scrutiny from the IT Department.
    • The overseas market saw an increase in gold prices as Donald Trump won the U.S. presidential election but this was not enough to overcome domestic trends.
    • Prices of gold dropped to Rs.3,080 per gram from 10th to 13th November.

    November '16 - Week 3 (14th to 20th)

    • Gold prices lulled this week as the domestic market demand was mute.
    • Gold traded at Rs.3,080 per gram at the start of the week before it fell to Rs.3,070 per gram on 16th November.
    • Prices remained constant for the rest of the week as stricter rules around cash purchases of gold amid the strike on black money deterred buyers in the domestic market.
    • Gold rates edged higher in the global market as the dollar was weak amid the uncertainty of Donald Trump’s economic policies.
    • Gold prices are expected to pick up once the market stabilises and normalcy returns to the nation’s cash supply.

    November '16 - Week 4 and 5 (21st to 30th)

    • Gold traded at Rs.2,990 per gram at the start of the week.
    • Gold recovered to Rs.3,000 per gram on 22nd and 23rd November before falling again.
    • Demand for gold took a hit this week as the nation faced a shortage of cash.
    • The U.S. released positive economic data which drove the dollar up against other currencies.
    • Confidence of the U.S. Federal Reserve regarding the interest rate hike was high.
    • Gold rates dipped to Rs.2,945 per gram by the end of the month.
    • There was a decline of 3.67% in gold prices this month.
    1st October rate Rs.3,115 per gram
    31st October rate Rs.3,055 per gram
    Highest rate in October Rs.3,115 per gram on 1st to 4th October
    Lowest rate in October Rs.3,020 per gram on 8th October to 11th October
    Overall performance Decline
    % Change -3.31%
    Comparison for 24 K Gold Rates for Kerala September'16

    October '16 - Week 1 (1st to 7th)

    • Trends in the global market didn’t deter buyers in Kerala.
    • Gold traded steadily at Rs.3,115 per gram from 1st to 5th October.
    • The impact of a rising dollar was felt on 5th OCtober when prices start dropping.
    • By the end of the week, prices had fallen to Rs.3,040 per gram.
    • Jewellers expect festive demand to pick up soon but feel people are reluctant to buy gold in cash in light of stricter tax laws.

    October '16 - Week 2 (8th to 14th)

    • Gold traded at steady rates this week.
    • The price of gold was Rs.3,020 per gram from 1st October to 11th October.
    • By 12th October, high demand gave gold rates a boost to Rs.3,030 per gram.
    • The global market has a positive outlook this week.
    • Gold continued to traded at Rs.3,030 per gram going into the third week of October.

    October '16 - Week 3 (15th to 21st)

    • Gold traded at a steady pace at the start of the week when prices remained at Rs.3,030 per gram.
    • On 17th October, expectations of the U.S. Federal Reserve rate hike grew strong leading to a fall in gold prices to Rs.3,021 per gram.
    • Gold recovered on the back of wedding season demand in the domestic spot market.
    • Gold climbed to Rs.3,040 per gram on 19th October and remained steady till the end of the week.

    October '16 - Week 4 (22nd to 28th) & Week 5 (29th to 31st)

    • Gold traded at Rs.3,045 per gram on 22nd and 23rd October.
    • Amid the festive season, demand for gold dropped slightly as gold was expensive.
    • Gold prices recovered on 26th October and traded at Rs.3,050 per gram till 30th October.
    • Global trends indicated a positive atmosphere as the dollar dropped.
    • Speculations of the Fed rate hike led investors to believe that the hike would take place gradually.
    • The week closed with gold trading at Rs.3,055 per gram, the highest rate for this week.
    • Demand is expected to remain high with jewellers increasing their intake for the wedding season.
    1st September rate Rs.3,130 per gram
    30th September rate Rs.3,135 per gram
    Highest rate in September Rs.3,160 per gram on 25th to 26th September
    Lowest rate in September Rs.3,120 per gram on 2nd and 19th September
    Overall performance Increase
    % Change 0.16%
    Comparison for 24 K Gold Rates for Kerala August'16

    September '16 - Week 1 and 2 (1st to 10th)

    • Gold traded at Rs.3,130 per gram on 1st September.
    • Prices dropped on account of slower demand but was quick to rise by 7th September when gold traded at Rs.3,160 per gram, the highest for the week.
    • By the end of the week, gold stabilised at Rs.3,145 per gram.

    September '16 - Week 3 (11th to 17th)

    • Gold prices in Kerala were relatively stable with a slight dip in prices on 15th September.
    • Sustained demand in the domestic market allowed gold rates to traded at a constant pace.
    • Gold traded at Rs.3,145 per gram on 11th to 14th September.
    • Prices dropped to Rs.3,135 per gram on 15th September and remained the same till the end of the week.

    September '16 - Week 4 (18th to 24th)

    • Gold traded at Rs.3,135 per gram on 18th September.
    • Despite upbeat market trends indicating a bullish atmosphere, gold prices slipped to Rs.3,120 per gram on 19th September.
    • Prices rose again to Rs.3,130 per gram on 20th September and remained unchanged till the end of the week.
    • Domestic demand was high from retailers and stockists this week.

    September '16 - Week 5 (25th to 30th)

    • Gold prices dipped this week on account of a strong dollar.
    • The Fed rate hike has been stalled for the time being as the U.S. presidential elections are in motion.
    • Gold traded at Rs.3,160 per gram on 25th and 26th September, which was the highest price for the month.
    • Gold started gradually declining and settled at Rs.3,135 per gram on 29th and 20th September.
    • Demand in the domestic market was not strong enough to take on the global trends.
    1st July rate Rs.3,092 per gram
    31st July rate Rs.3,130 per gram
    Highest rate in July Rs.3,092 per gram on 1st August
    Lowest rate in July Rs.3,140 per gram on 26th to 30th August
    Overall performance Rising
    % Change +1.23%
    Comparison for 24 K Gold Rates for Kerala July'16

    August '16 - Week 1 (1st to 7th)

    • Gold prices remained stable during the week, rising at the weekend before dipping slightly.
    • Gold traded at Rs.3,092 per gram on the 1st and at Rs.3,095 on the 7th of August.
    • The low U.S. Dollar led to increased demand both domestically and overseas.
    • Data showing steady economic growth in the non-farm sector pushed markets up, lowering gold demand at the end of the week.

    August '16 - Week 2 (8th-14th)

    • Gold rates were relatively constant through the week.
    • Gold traded at Rs.3,095 per gram for majority of the week ignoring global trends.
    • Gold rose to Rs.3,125 per gram on 13th August owing to higher demand in the domestic market as well as global trends that was indicative of the fact that the U.S. Fed rate hike may not happen this year.

    August '16 - Week 3 (15th-21st)

    • Prices of gold for the third week of August were relatively stable.
    • Gold traded at Rs.3,125 per gram on 15th of August.
    • Gold jumped up by Rs.10 trading at Rs.3,135 per gram on 16th August.
    • Sustained demand in the domestic market helped prices stay constant through the week.

    August '16 - Week 4 (22nd-28th)

    • Gold prices remained stable through the week.
    • Gold rates in Kerala seemed to be unaffected by the global market as the strong dollar led to a drop in prices around the world.
    • Gold traded at Rs.3,135 per gram at the beginning of the week and climbed to Rs.3,140 per gram by the end of the week.
    • The incline in prices are a result of increased domestic demand as the festive season approaches.

    August '16 - Week 5 (29th-31st)

    • Gold continued the stable trend from the previous week trading at Rs.3,140 per gram at the beginning of the week.
    • Gold rates dropped to Rs.3,130 per gram as the dollar gained strength.
    • The U.S. Federal Reserve rate hike might be put in place in the month of September.
    1st July rate Rs. 3,000 per gram
    31st July rate Rs. 3,092 per gram
    Highest rate in July Rs. 3,167 per gram July 16 and 17
    Lowest rate in July Rs. 3,000 per gram on July 30
    Overall performance Rising
    % Change +5.57%
    Comparison for 24 K Gold Rates for Kerala Jun'16

    July'16 - Week 1 and 2 (1st to 10th)

    • Prices soared in July in the state of Kerala trading at Rs.3,000 on July 1st.
    • Prices were rising and falling through the week but became more stable by July 7th.
    • Gold traded constantly at Rs.3,055 till the end of the week.
    • The Brexit vote and domestic trends worked in favor of gold rates.

    July'16 - Week 3 (11th to 17th)

    • Prices rose during the week, with a minor drop in prices recorded during the middle of the week. However, prices recovered as the week ended.
    • Prices were recorded at Rs.2,055 per gram on the first day of the week and Rs.2,167 per gram on the last day of the week.
    • In spite of marginal losses during the middle of the week, the price rose thanks to an increase in global and domestic demand, resulting in the difference in rates between the first and last days being Rs.112.

    July '16 - Week 4 (18th to 24th)

    • Gold traded at a relatively stable pace in Kerala this week.
    • Global trends led to a weaker market but gold is still viewed as a safe-haven investment and demand remained quite stable.
    • Slight fluctuations were seen with the lowest price recorded on 21st july at Rs.3,041.
    • The highest price followed soon after and gold traded at Rs.3,070 on 22nd July.

    July‘16 - Week 5 (25th to 31st)

    • Gold rates remained constant between the 25th and 27th of July, at Rs.3,060.
    • An increase of Rs.32 on the 28th of the month saw prices climb to Rs.3,092, and the remained unchanged until the end of the month, thus closing at the aforementioned rate.
    1st June rate Rs.2,895
    30th June rate Rs.2,990
    Highest rate in June Rs.3,050 from 25th to 28th of June
    Lowest rate in June Rs.2,935 on 10th of June
    Overall performance Rise
    % Change +3.92
    Comparison for 24 K Gold Rates for Kerala May'16

    Jun'16 - Week 1 (1st to 5th)

    • Gold traded on a steady path in Kerala in the beginning of June.
    • Prices of gold were at Rs. 2,895 and did not change at all.
    • The Kerala gold prices seemed to be unaffected by the situation in the domestic market as well as the international market.
    • Stable demand allowed prices of gold to stay steady.

    Jun'16 - Week 2 (6th to 12th)

    • Gold traded at Rs.2,895 per gram for the first three days of the week till 8th of June.
    • Gold prices rose up to Rs. 2,935 per gram on the 9th of June and stayed the same for the next one day.
    • Gold closed the week at Rs. 2,955 on the 12th of June.

    Jun'16 - Week 3 (13th to 19th)

    • Gold traded at Rs. 2,740 per gram on the 13th of June.
    • The price rose to Rs. 2,755 per gram on the 15th of June.
    • Gold rate climbed higher as the week progressed and hit its highest for the week on the 16th of June at Rs. 2,770 per gram and held steady till the end of the week.

    Jun'16 - Week 4 (20th to 26th)

    • As the month progressed, there was a steady increase in the price of gold and was relatively steady with a few minor variations.
    • At the beginning of the week, the price of gold was Rs. 2,975 per gram and towards the end of the week, the price had risen to Rs. 3,050 per gram which was also the highest for the week.
    • Gold prices in Kerala seems to be quite steady and unaffected by global trends or decline.

    Jun'16 - Week 5 (27th to 30th)

    • Prices fluctuated during the four days but the presence of strong domestic and international cues ensured that changes were not drastic.
    • Prices were recorded at Rs.3,050 on the 27th of June and Rs.2,990 on the 30th of June.
    • Prices decreased by just Rs.60 between the 27th and 30th of June.
    1st May rate Rs. 3,025 per gram
    31st May rate Rs. 2,895 per gram
    Highest rate in May Rs. 3,025 per gram May 1
    Lowest rate in May Rs. 2,885 per gram on May 30
    Overall performance Decline
    % Change -4.29%
    Graph for Gold Rate in Kerala for April 2016

    May'16 - Week 1 (1st to 7th)

    • Prices remained stable throughout the week after gaining slightly on Tuesday.
    • Prices were recorded at Rs.3,025 on the 1st of May and Rs.3,014 on the 7th of May.
    • With a marginal increase on Tuesday, prices remained the same for the rest of the week with no change whatsoever.

    May ‘16 - Week 2 (8th to 14th)

    • Prices fluctuated during the week, first dropping before picking up again towards the end of the seven-day period.
    • Prices were recorded at Rs.3,014 on the 8th of May and Rs.2,998 on the 14th of May.
    • With a marginal decline on Tuesday, prices rose again on Thursday before declining on Friday and rising again on Saturday

    May ‘16 - Week 3 (15th to 21st)

    • Prices fluctuated during the third week of the month, first remaining stable for the first two days before picking up marginally on the following two days and declining again to remain constant for the remainder of the seven-day period.
    • Prices were recorded at Rs.2,998 on the 15th of May and Rs.2,985 on the 21st of May.
    • Despite marginal losses on Tuesday and Thursday, the decline in prices over the course of the week was only Rs.13 thanks to firming international and domestic trends in addition to an increase in industrial demand.

    May ‘16 - Week 4 (22nd to 28th)

    • In Kerala, the gold rates declined at a steady pace. The week started out being constant and ended with a lower but constant rate.
    • Prices were recorded at Rs. 2,985 on the 22nd of May and Rs. 2,937 on the 28th of May .
    • Prices started dropping on 25th May, and dropped further on 26th May. The rates then stayed steady till the end of the week with global trends having minimal effects.

    May ‘16 - Week 5 (29th to 31st)

    • Due to steady demand, there were minor gold fluctuations recorded in the month of May.
    • On the final day of the month, gold traded at Rs. 2,895 per gram which was lower than the price on 29th May, which was Rs. 2,937 per gram.
    • Gold rates in Kerala have a significant impact in the market globally.
    1st April rate Rs 2,872
    30th April rate Rs 3,025
    Highest rate in April Rs 3,025 on 30th
    Lowest rate in April Rs 2,852 on 4th
    Overall performance Gain/Positive
    % Change + 5.32%
    Comparison for 24 K Gold Rates for Kerala,March'16

    Apr'16 - Weeks 1 & 2 (1st to 10th)

    • Gold prices appreciated in Kerala over the first two weeks of the month as global cues and domestic demand helped spur rates.
    • Prices were Rs.2,863 on 1st and Rs.2,890 on 10th.
    • Gold posted positive trends for the most part, and registered cumulative gains of Rs.37 during the time period.

    Apr ‘16 - Week 3 (11th to 17th)

    • Gold prices were down by Rs.6 in third week’s trading.
    • Prices were Rs.2,911 on 11th and Rs.2,905 on 17th.
    • Gold prices saw low fluctuations as global stabilizing of rates helped keep rates in a stable range.

    Apr ‘16 - Week 4 (18th to 24th)

    • Gold gained value during fourth week’s trading.
    • Prices were Rs.2,927 on 18th and Rs.2,969 on 24th.
    • Gold rose by Rs.35 to Rs.2,970 on 20th and Rs.2,989 on 22nd.
    • Prices dropped to Rs.2,969 on 23rd and ended the week at the same rate.

    Apr ‘16 - Week 5 (25th to 30th)

    • Gold rates were unchanged from the previous week on Monday (25th).
    • A gradual increase in prices was witnessed through the week.
    • Prices picked up from Rs 2,969 on 25th to Rs 3,025 on 30th, ending the month on a high.

    1st March rate

    Rs 2,872

    31st March rate

    Rs 2,872

    Highest rate in March

    Rs 3,090 on 2nd

    Lowest rate in March

    Rs 2,822 on 29th

    Overall performance

    No change

    % Change

    0%

    Comparison for 24 K Gold Rates for Kerala Feb'16

    Mar'16 - Week 1 (1st to 6th)

    • Gold markets were closed for a few days in the first week of March as traders and jewellers around the country protested against the proposed measure to levy 1% excise duty on jewelleries as announced during Budget 2016-17.
    • Prices were constant at Rs.2,872 till 3rd and Rs.2,892 from 4th to 6th.

    Mar'16 - Week 2 (7th to 13th)

    • Jewellery associations’ strike entered into its second week as both sides didn’t budge from their demands over 1% excise duty on non-silver jewelleries and PAN detail submission on transactions crossing Rs.2 lakhs.
    • Prices were constant at Rs.2,892 till 9th, Rs.2,871 till 11th and Rs.2,867 till 13th.

    Mar ‘16 - Week 3 (14th to 20th)

    • Gold prices went through minor deviations over the week as protests continued through the third week also.
    • Prices were constant at Rs.2,852 and Rs.2,857 in the week.

    Mar ‘16 - Week 4 (21st to 27th)

    • Gold prices depreciated over the fourth week.
    • Prices were Rs.2,855 on 21st and Rs.2,833 on 27th.
    • Gold dropped to Rs.2,824 by 24th before rising to Rs.2,833 on 25th where it stayed for the rest of the week.

    Mar ‘16 - Week 5 (28th to 31st)

    • Gold rates witnessed changes on a daily basis during the week.
    • Gold price dropped from Rs 2,855 to Rs 2,822 before reaching Rs 2,872.

    1st February rate

    Rs.2,716

    29th February rate

    Rs.2,872

    Highest rate in February

    Rs.2,882 on 6th

    Lowest rate in February

    Rs.2,705 on 4th

    Overall performance

    Gain/Positive

    % Change

    +5.74%

    Week 1 (1st to 7th)

    • Gold started February on a positive note in Kerala, rising by a cumulative margin of Rs.38.
    • Prices were Rs.2,716 on 1st and Rs.2,754 on 7th.
    • Gold prices were volatile over the week, rising to Rs.2,740 by 3rd then falling to Rs.2,705 on 4th.
    • Prices rose to Rs.2,730 on 4th and then substantially to Rs.2,882 on 6th before settling at Rs.2,754 for the week.

    Week 2 (8th to 14th)

    • Gold prices appreciated in the 2nd week also, rising by an overall margin of Rs.100 over the course of trading in the week.
    • Prices were Rs.2,728 on 8th and Rs.2,828 on 14th.
    • Gold rose to Rs.2,838 by 11th before sliding to Rs.2,828 on 12th.
    • Prices rose to Rs.2,852 on 13th but fell back to Rs.2,828 on 14th.

    Week 3 (15th to 21st)

    • Gold prices were stable at Rs.2,810 all through the 3rd week.
    • Prices were Rs.2,810 on 15th and Rs.2,810 on 21st.

    Week 4 (22nd to 29th)

    • Gold rose again in the final days of February, ending the month on a highly positive note.
    • It was priced at Rs.2,805 on 22nd and Rs.2,872 on 29th.
    • Gold traded in the positive till 26th to rise by an overall margin of Rs.67 to Rs.2,872 before stabilizing at that level for the rest of the month.

    4th January rate

    Rs.2,517

    31st January rate

    Rs.2,685

    Highest rate in January

    Rs.2,773 on 29th

    Lowest rate in January

    Rs.2,517 on 4th

    Overall performance

    Gain/Positive

    % Change

    +6.67%

    Week 1 (4th to 10th)

    • Gold prices were up in the first week of trading in the New Year.
    • Prices were Rs.2,517 on 4th and Rs.2,632 on 10th.
    • Gold rose consecutively throughout the week, rising by an overall margin of Rs.115 as strong global cues and a healthy domestic demand from jewellers and retailers spurred rates.

    Week 2 (11th to 17th)

    • Gold rates declined in the 2nd week of January as strong performance in equity markets and weak global and domestic cues pushed rates down.
    • Prices were Rs.2,642 on 11th and Rs.2,602 on 17th.
    • Gold had consecutive negative sessions from 11th to 14th with an overall loss of Rs.40 before prices stabilized from 15th onwards at Rs.2,602.

    Week 3 (18th to 24th)

    • Gold prices continued declining in the 3rd week also.
    • Prices were Rs.2,659 on 18th and Rs.2,635 on 24th.
    • Prices fluctuated within the rage of Rs.2,648 to Rs.2,663 from 18th to 23rd before falling considerably on 24th by Rs.28 to settle at Rs.2,635 for the week.

    Week 4 (25th to 31st)

    • Gold prices rallied at the end of the month, recovering previous losses and starting on an upward direction.
    • It was priced at Rs.2,635 on 25th and Rs.2,685 on 31st.
    • Gold prices appreciated steeply to Rs.2,773 by 29th before sliding to Rs.2,685 by 31st, registering a gain of Rs.50 over the week.

    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 Gold Prices in the Cities of Kerala

    Gold Rate In Kochi Gold Rate In Kozhikode Gold Rate In Kannur
    Gold Rate In Malappuram Gold Rate In Thrissur Gold Rate in Trivandrum

    Read More On Gold

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    Akshaya Tritiya is an auspicious day in our country, with Hindus and Jains across different denominations celebrating it with fervour.

    Auspicious Days to Buy Gold in 2017

    Given here is a List of the Dates in 2017 that will be the Best Times to Buy Gold Products

    Significance of Gold in Indian Culture

    There are many reasons why gold is such a valuable and coveted commodity in India. Buying and owning gold has practically become an Indian tradition. Find out why the precious metal is so revered in Indian culture and why Indians crave it.

    Significance of Indian Jewellery

    Gold jewellery has long been a cornerstone of Indian culture and tradition and is extremely popular all over the world. Find out why Indian jewellery plays such a significant role in in the shaping of Indian heritage and culture.

    India’s Love for Gold

    India’s love affair with gold has been well documented throughout history. Gold has become a huge part of Indian culture over time. Now learn more about India’s love for the precious yellow metal that has practically become an obsession.

    News About Gold rate in Kerala

    • Gold price comes close to the 30 thousand mark

      The prices of gold went up by Rs.100 for 10 grams. This took the price up to Rs.29,950 for 10 grams. Silver prices also went up and reclaimed the mark of Rs.43,000 per kilogram. As per the traders, the sentiments stayed firm and was in line with the global cues. Local jewellers continued their purchases to meet the demands of the wedding season.

      There was a rise by 0.09% in the global market for gold. Gold stood at $1,287.80 per ounce. On the other hand, silver rates rose by 0.33% taking it to $18.52 per ounce. In India, yellow metal with purity of 99.5% and 99.9% went up to Rs.29,800 for 10 grams and Rs.29,950 for 10 grams, respectively. Sovereign stayed at Rs.24,500 for every piece of 8 grams. The cost price of 100 silver coins stands at Rs.72,000 and the selling price for 100 silver coins stands at Rs.73,000.

      14th April 2017

    • Gold Recycling Plan Fails To Catch Attention of Indian Households

      The government’s ambitious scheme to tap into the vast reserves of gold lying unused in Indian households and temple trusts appears to have failed. Citing high costs and insufficient returns, most households appear to have shunned the scheme. Of the estimated 24,000 tonnes of gold in the possession of temple trusts and homes, only 7 tonnes have been registered for the scheme. Banks, too, were reluctant to accept gold, citing ignorance of the process.

      The scheme, which was launched in November 2015, promised returns on all gold deposited with certain banks for a specific period of time. This would have helped the government avoid needing to import the metal to meet forex reserve conditions. The deposited gold would have been melted and sold at auction.

      However, the gold owner would have had to pay for testing the gold’s purity and melting it for a return of 2.5% of the value of the gold.Most households were put off by the low interest rate, which would have cut into their profits from the sale significantly.

      16th March 2017

    • Gold Price Increases to Rs.29,850 per 10 grams

      On Tuesday, the price of gold increased again by Rs.200 to touch Rs.29,850 for every 10 grams. One of the reasons for this increase is the continuous purchase of the metal by local jewellers. The price of gold of 99.9% and 99.5% purity increased by Rs.200 each and is now Rs.29,850 and Rs.29,700 for every 10 grams. Yesterday, the price had increased by Rs.100. At an international level, gold rates increased by 1% on Monday to reach its highest in 3 months. Spot gold rate increased by 1.1% to US$1,223.01 for each ounce.

      7th February 2017

    • Gold Falls On Low Physical Demand From India, China

      Low physical demand for gold from the two traditional markets for the metal led to a decrease in mining. India and China saw a slump in demand due to a combination of factors, which led to a fall in overall demand towards the latter half of 2016. This is in spite of figures indicating an overall increase in gold prices by 8.6%, since the rise took place at the start of the year.

      Another indicator of a decline in physical demand for gold was the spurt in global gold surplus, which was the highest since 2005.

      The main reason for the decline in demand was the sudden drop in Indian demand due to the demonetisation of large currency notes in November 2016, at the height of the Indian gold purchase season.

      As a result, total demand for gold dropped, though seasonal demand from other parts of the world kept prices from plummeting sharply.

      27th January 2016

    • Gold price drops again due to weak physical markets in India and China

      On 15th December, gold price dropped once again hitting the lowest settlement price in 10 months at $1130.30. The price of silver, platinum, copper, and palladium also fell. Holdings of SPDR Gold Shares are down by 10% from mid-November at 6.8 tonnes. A lack of investor interest in the gold market has resulted in a global sell-off in ETFs. The weak physical markets in China and India has taken away price momentum from the currency. Indian demand for gold has lowered due to a shortage of cash post demonetisation. Chinese traders argued that their government has limited imports, and that the gold price was merely going through a low that mirrored historical patterns. It is expected to recover by early next year.

      21st December 2016

    • Gold Premiums Soar, Retail Demand Drops

      India witnessed a spike in gold premiums this week that has not been seen in two years. After the ban on Rs.500 and Rs.1,000 notes, people were aware that this is only the start of the fight against black money. Rumours surrounding the strike on black money have been running high around the entire country. Strong anticipation of stricter restrictions on imports by the government led jewellers to increase their purchases. With a shortage of cash in the economy, retail demand took a hit. Dealers were reported to be charging up to $12 an ounce over the domestic rates including a 10% import tax this week. The demand for gold has been low and can be attributed to the ongoing wedding season. Some people have also been purchasing gold since prices are low. Many jewellers have complained that their businesses have stalled and their stores are empty on account of the cash shortage in the country.

      22nd November 2016

    • Healthy Monsoons Bolster Indian Gold Prices

      India is one of the largest markets for Gold and cultural and social changes in the region play a large part in influencing the price of this precious metal. With a healthy monsoon season and lower gold prices many Indians are investing in Gold again. Indian farmers make up for approximately a third of the total market share of Gold in India, and with a healthy monsoon, the festive season fast approaching and higher disposable incomes the Gold market is expecting a substantial increase in demand. According to estimates from the Indian Bullion and Jewellers Association Gold sales are expected to increase by up to 60% over last year.

      26th October 2016

    • Gold Demand to Pick Up with Price Correction during Festive Season

      Gold prices have been sliding down in the global market, however, demand is expected to pick up in the domestic market in light of the festive season. According to Deepak Tulsian of the Indian Bullion and Jewellers Association, gold products have been priced competitively to take on the special offers and freebies on offer in the market. Gold demand and sales are expected to pick up with last week’s price correction of gold. Currently, gold has seen a boost in religious coins, customised orders and personalized corporate gifts. Jewellers and retailers are expecting high demand during Navaratri and Dhanteras and other auspicious times to buy gold.

      17th October 2016

    • Increase in Demand for Gold after a slump in Gold Prices

      There has been a slump in gold prices from Rs.31,000 to Rs.30,020 per 10 grams. As a result of this, customers have started showing an interest in enquiring about gold. According to PTI, the prices of gold have fallen down to almost less than 1,300 $ an ounce in the global market. However, the consumers and investors might still wait for the prices to drop down further before they start thinking about purchasing gold or entering the market. This decline in prices have occurred at an ideal time of festival and upcoming wedding seasons which might increase its demand further.

      According to Sunil Datwani(Director of Gehna Jewellers), the demand might increase further during Navratri festivities and Dhanteras. He also stated that the lack of demand previously has also been on account of government notification on PAN card whenever the expenditure was more than 2 lakh. However Keyur Shah(CEO of Muthoot Exim), has stated that there has been a great demand for gold jewellery at their stores in the last six months in spite of the market scenario. According to Surendra Mehta(Secretary, Indian Bullion and Jewellery Federation), the prices of gold might not get reduced drastically. So, he has advised the buyers to purchase gold now only. An analyst has stated that prices might in fact increase during the Dussehra and Muharram holidays.

      7th October 2016

    • U.S. Releases Inflation Data, Gold Rates Stabilize

      Inflation plays a pivotal role in the monetary policy of a country. The U.S. Federal Reserve will take inflation into account as a key factor. Right now, the possibility of a Fed rate hike seems remote and will most likely not take place at the policy meeting next week. A poll taken by Reuters involving 100 economists pointed to a 70% vote for the chance of a hike in the interest rates in December and not any time sooner. But the U.S. economy has been rolling out positive economic data. The latest data report shows that the U.S. consumer inflation has grown much faster than expected last month. This lends a lot of support to the confidence of the Federal Reserve that the economy is strong enough to handle the rate hike by the year end. Gold prices slipped to a two-week low on Friday. Spot gold hit its lowest since September 1st trading at $1,306.38. U.S. gold for December delivery dropped to $1,310.70. However, prices in India still remain quite high which has dampened the demand for the yellow metal.

      19th September, 2016

    • For more related news /update on gold price visit: Gold News

    Gold Rate - Sitemap

    Gold Rate In Metro Cities
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    Gold Rate In Kerala Reviews

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      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jun 21, 2017
    • Bank Bazaar Customer Support
      "Very Good service"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I know bank bazaar through Google web search. I am with bank bazaar for past 2 months. I have applied personal loan through bank bazaar mobile application , which was easy to use and customer friendly. The customer service helped me to get in touch with the partner. The bank bazaar helps the customer to choose the best product in the market.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jun 21, 2017
    • ICICI Bank Personal Loan
      "Good Service"
      ICICI BANK
      0.5 3.0/5 "Satisfactory"
      The ICICI bank was offering the personal loan with High interest rate, so that is the reason I haven't proceed with the personal loan with ICICI . The Customer service is good with ICICI bank. The rate of interest can be reduced in future. The service provided by ICICI bank was Average.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jun 21, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      Bankbazaar response and feedback is very quick. I got to know about bankbazaar through promotional mails. I am with bankbazaar for the past 7 to 8 months. I had applied for the personal loan through this web channel. It is very easy to navigate and the site is very much user friendly therefore I am, very much satisfied with their service.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jun 20, 2017
    • ICICI Bank Personal Loan
      "Average Service"
      ICICI BANK
      0.5 3.0/5 "Satisfactory"
      ICICI had taken away all the required documents for the loan approval however they failed to revert back to me. Customer service of ICICI Bank needs an improvement and they came and collected all the required documents from my place. Furthermore they are providing very good response until the time the documents were collected further there was no response. Rate of interest is very much nominal with ICICI.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jun 20, 2017
    • ICICI Bank Personal Loan
      "Average Service"
      ICICI BANK
      0.5 3.0/5 "Satisfactory"
      ICICI had taken away all the required documents for the loan approval however they failed to revert back to me. Customer service of ICICI Bank needs an improvement and they came and collected all the required documents from my place. Furthermore they are providing very good response until the time the documents were collected further there was no response. Rate of interest is very much nominal with ICICI.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jun 20, 2017
    • ICICI Prudential Life Insurance
      "Satisfactory"
      ICICI PRUDENTIAL
      0.5 5.0/5 "Blown Away!"
      I have taken a term insurance from ICICI Prudential. The process was very easy as they have arranged for the lab test and I got the policy papers without any kind of hassles. The policy is tenure till the age of 65 years and the benefits would go to my beneficiary.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jun 15, 2017
    • SBI Cards Credit Card
      "Excellent services"
      SBI CARDS
      0.5 5.0/5 "Blown Away!"
      SBI is doing great on the credit card services alone as I get a lot of decent offers and the credit limit is also up to the mark. The card is acceptable everywhere and the reward points are good and overall I have no hassles in using it online and offline.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jun 15, 2017
    • Axis Bank Saving Account
      "Very good services"
      AXIS BANK
      0.5 5.0/5 "Blown Away!"
      I hold a savings account with Axis bank and the banking services are the best, especially the mobile application and the portal too. It is very convenient to bank online to pay my bills and also to do my other transactions. The phone banking services are also up to the mark.
      Was this review helpful? 1
      , thiruvananthapuram
      Reviewed on Jun 15, 2017
    • Axis Bank Credit Card
      "Till date no hassles"
      AXIS BANK
      0.5 5.0/5 "Blown Away!"
      I hold a credit card with Axis bank and there are no charges for it. Like wise the credit limit is perfect. The customer services are excellent and the bank has been professional in giving me the best of offers when ever I am eligible for it. Overall satisfied.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jun 15, 2017
    • Bank Bazaar Customer Support
      "Excellent services"
      PNB HOUSING FINANCE LIMITED
      0.5 5.0/5 "Blown Away!"
      The services are excellent at Bankbazaar and this is not my first experience. I have used their services earlier and till date it has been a very good support and fantastic response. The team has always made my job easy instead of me visiting the bank in person.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jun 15, 2017
    • Punjab National Bank Home Loan
      "Not up to the mark"
      PNB HOUSING FINANCE LIMITED
      0.5 2.5/5 "Just OK"
      After me applying for a home loan with PNB housing finance, I inquired with my friend who already has a home loan with them. I was told that when ever there is a drop in the rate of interest the bank does not do it and the customer would have to visit the bank for the same. So I decided not to take the loan and cancelled my details.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jun 15, 2017
    • SBI Saving Account
      "Better Service"
      STATE BANK OF INDIA
      0.5 4.0/5 "Great!"
      I hold savings account with SBI for so many years. I never gone through any kind of issues or challenges with the bank in all these years. Their services are quite satisfactory. But I had not approached the bank for any kind of loans or other products.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jun 13, 2017
    • Bank Bazaar Customer Support
      "Good in Response"
      HDFC LIMITED
      0.5 4.0/5 "Great!"
      Bankbazaar provided very good response over my housing loan application. Actually I had submitted the loan application over the website. Immediately they responded me and they assigned my application to the bank to start the process with an immediate effect. The entire service is good with bankbazaar.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jun 13, 2017
    • HDFC Limited Home Loan
      "Good Response"
      HDFC LIMITED
      0.5 4.0/5 "Great!"
      For the housing loan, I approached HDFC ltd through online source. Once I submitted the loan application I had received good response from them. But I could not produce certain documents to process the loan, hence I had to close the loan application. But the services of HDFC ltd are good.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jun 13, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      ICICI BANK
      0.5 3.0/5 "Satisfactory"
      Through a google web search I came to know about bank bazaar web site. I am with bank bazaar for the past few months. I had applied for the car loan through bank bazaar web site, it was very much easy to use and customer friendly. The bank bazaar customer service helped me to get in touch with the right bank partner. The bank bazaar is too good in providing satisfactory service too.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jun 09, 2017
    • ICICI Bank Car Loan
      "Good Service"
      ICICI BANK
      0.5 3.0/5 "Satisfactory"
      ICICI customer service did not give any kind of response in concern to my car loan application, which I had requested for. After that my company has suggested me to go with SBI for my car loan. The ICICI rate of interest is high, when compared with SBI bank. I hold a salaried account with SBI there was an additional chance to get the loan from SBI.
      Was this review helpful? 1
      , thiruvananthapuram
      Reviewed on Jun 09, 2017
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