Gold Rate In Kerala Today

Today's gold rate in Kerala:

  • 10g of 24K gold is 36,860 Indian Rupee
  • 10g of 22K gold is 35,100 Indian Rupee
More
  • Today's Gold Rate in Kerala ( 18 Sep 2019 )
    ₹ 3,510
    Today's Gold Rate (22K) per gram
    Compare Gold Rate In Kerala (Today & Yesterday)
    Today
    (18 Sep 2019)
    Yesterday
    (17 Sep 2019)
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 3,510 ₹ 3,510 ₹ 0 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 28,080 ₹ 28,080 ₹ 0 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 3,686 ₹ 3,686 ₹ 0 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 29,488 ₹ 29,488 ₹ 0 ↑
    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    18 Sep 2019 ₹ 3,510 ₹ 28,080 ₹ 3,686 ₹ 29,488
    17 Sep 2019 ₹ 3,510 ₹ 28,080 ₹ 3,686 ₹ 29,488
    16 Sep 2019 ₹ 3,470 ₹ 27,760 ₹ 3,644 ₹ 29,152
    15 Sep 2019 ₹ 3,470 ₹ 27,760 ₹ 3,644 ₹ 29,152
    14 Sep 2019 ₹ 3,485 ₹ 27,880 ₹ 3,659 ₹ 29,272
    13 Sep 2019 ₹ 3,500 ₹ 28,000 ₹ 3,675 ₹ 29,400
    12 Sep 2019 ₹ 3,530 ₹ 28,240 ₹ 3,707 ₹ 29,656
    11 Sep 2019 ₹ 3,515 ₹ 28,120 ₹ 3,691 ₹ 29,528
    10 Sep 2019 ₹ 3,555 ₹ 28,440 ₹ 3,733 ₹ 29,864
    09 Sep 2019 ₹ 3,540 ₹ 28,320 ₹ 3,717 ₹ 29,736

    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 September 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    September 1 Rate Rs.3,738 per gram
    September 15 Rate Rs.3,644 per gram
    Highest Rate in September Rs.3,822 per gram on 5 September
    Lowest Rate in September Rs.3,644 per gram on 15 September
    Overall Performance Decline

    September 2019- Week 1 (1-8):

    • Opening the month at Rs.3,738 per gram, gold prices in Kerala rose steadily during the start of the week on an increase in jeweller demand.
    • The yellow metal 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 the precious metal 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 prices 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 prices 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.

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

    Parameters Gold price (24 karat)
    August 1 Rate Rs.3,402 per gram
    August 31 Rate Rs.3,749 per gram
    Highest Rate in August Rs.3,770 per gram on 29 and 30 August
    Lowest Rate in August Rs.3,371 per gram on 2 August
    Overall Performance Incline
    Percentage Change 10.19%

    August 2019- Week 1 (1-11):

    • Apart from a slight dip, gold rates in Kerala soared due to rising demand after opening the month at Rs.3,402 per gram.
    • The imposition of additional U.S. tariffs on Chinese goods further dented equity markets and currencies, which increased interest in gold as prices climbed to Rs.3,439 per gram on 6 August.
    • Prices jumped to Rs.3,570 per gram on 8 August as recession fears prompted higher demand for safe-haven assets, with the precious metal ending the week at Rs.3,607 per gram on 11 August.

    August 2019- Week 2 (12-18):

    • Apart from a slight dip, gold rates in Kerala soared due to rising demand after opening the month at Rs.3,402 per gram.
    • The imposition of additional U.S. tariffs on Chinese goods further dented equity markets and currencies, which increased interest in gold as prices climbed to Rs.3,439 per gram on 6 August.
    • Prices jumped to Rs.3,570 per gram on 8 August as recession fears prompted higher demand for safe-haven assets, with the precious metal ending the week at Rs.3,607 per gram on 11 August.

    August 2019- Week 3 (19-25):

    • Static demand as the week began resulted in gold prices in Kerala trading at Rs.3,675 per gram, with prices falling to Rs.3,654 per gram on 21 August on weak local demand due to high import costs.
    • Prices recovered, albeit sluggishly, with the metal trading at Rs.3,665 per gram on 23 August on continued fluctuations in the dollar rate and rising geopolitical tensions.
    • Gold rates surged following the Fed Reserve meeting which supported bullion demand, as the metal ended the week at Rs.3,717 per gram on 25 August.

    August 2019- Week 4 (26-31):

    • Gold prices in Kerala opened the week at Rs.3,717 per gram on 26 August before surging to Rs.3,749 per gram on 27 August 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 August.
    • 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.

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

    Parameters Gold price (24 karat)
    July 1 Rate Rs.3,302 per gram
    July 31 Rate Rs.3,381 per gram
    Highest Rate in July Rs.3,428 per gram on 20 July
    Lowest Rate in July Rs.3,271 per gram on 2 and 3 July
    Overall Performance Incline
    Percentage Change 2.39%

    July 2019- Week 1 (1-7):

    • Gold price in Kerala rose sharply during the week after opening at a static Rs.3,302 per gram, though rates dropped briefly to Rs.3,271 per gram on 2 July on declining investor interest.
    • Bullion demand was muted ahead of the release of U.S. jobs data, though tensions between Iran and the U.S. increased the metal’s safe-haven appeal as gold rose to Rs.3,323 per gram on 5 July.
    • Gold rate in Kerala dropped to Rs.3,308 per gram on 6 July before a late rally saw prices surge to Rs.3,371 per gram on 7 July despite the dollar strengthening.

    July 2019- Week 2 (8-14):

    • A few minor fluctuations aside, gold rate in Kerala were on the rise after the metal opened at Rs.3,371 per gram on 8 July, despite weak local demand due to the rising retail cost.
    • Gold price in Kerala dropped to Rs.3,350 per gram on 11 July as positive U.S. jobs data bolstered the dollar and equity markets, but gold surged to Rs.3,386 per gram on 12 July on increased demand for safe-haven bullion.
    • Sluggish local demand saw prices fall to Rs.3,371 per gram on 13 July but uncertainty over a possible recession boosted bullion demand as the yellow metal ended the week at Rs.3,386 per gram.

    July 2019- Week 3 (15-21):

    • Gold price in Kerala opened at Rs.3,386 per gram on 15 July but reducing overseas demand and rising local costs dented demand as rates dropped to Rs.3,376 per gram from 16-18 July.
    • Gold rate in Kerala rose to Rs.3,402 per gram on 19 July as markets reacted negatively to news of escalating tensions in the Middle East, as the dollar rate dipped.
    • Local demand surged on positive cues, resulting in prices climbing to Rs.3,428 per gram on 20 July but weak demand saw prices plunge to Rs.3,376 per gram on 21 July.

    July 2019- Week 4 (22-28):

    • After opening at a static Rs.3,376 per gram, gold prices in Kerala jumped to Rs.3,407 per gram on 23 July on increased local and overseas demand, though a steady dollar capped gains.
    • Prices dropped to Rs.3,381 per gram on 24 July on demand vagaries and briefly rose to Rs.3,392 per gram on 25 July on geopolitical tensions in the Persian Gulf.
    • The yellow metal slipped to Rs.3,381 per gram on 26 July as investor interest in bullion fell ahead of the Fed Reserve meeting, with prices remaining constant till the week ended on 28 July.

    July 2019- Week 5 (29-31):

    • There was no change in gold prices in Kerala, which opened at Rs.3,381 per gram on 29 July due to static demand from local jewellers and retailers.
    • A weak rupee also dented possible gains from bullion, though prices remained steady on increased industrial demand.
    • The end of the month saw no change in price, with the yellow metal continuing to trade at Rs.3,381 per gram on 31 July, recording a 2.39% rise in value.

    Also Check Gold Price in Metro Cities

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

    Parameters Gold price (24 karat)
    June 1 Rate Rs.3,171 per gram
    June 30 Rate Rs.3,302 per gram
    Highest Rate in June Rs.3,255 per gram on 1 June
    Lowest Rate in June Rs.3,098 per gram on 29 June
    Overall Performance Incline
    Percentage Change 4.13%

    June 2019- Week 1 (1-9):

    • Gold price in Kerala rose after a static opening of Rs.3,140 per gram as local demand rose on a weak U.S. dollar and rising industrial offtake, with positive overseas cues also bolstering demand.
    • Gold rate in Kerala surged to Rs.3,171 per gram on 2 June as global uncertainty and rising demand influenced local retail offtake, with prices remaining constant for a few days.
    • Rising fears of a possible recession increased bullion offtake across the board, as the precious metal rose to Rs.3,213 per gram when the week ended on 9 June.

    June 2019- Week 2 (10 - 16):

    • Gold rate in Kerala at the start of the second week was the same price that the metal traded at the end of week 1. As on 10th, gold was trading at Rs.3,213 per gram.
    • As the dollar declined in value, the price of gold surged mid-week. On 13th, the metal was priced at Rs.3,192 per gram.
    • The US dollar began to rise in value at the end of the week, which did not negatively affect the price of the metal. On June 16, gold rose in value to Rs.3,224 per gram.

    June 2019- Week 3 (17-23):

    • Gold rate in Kerala fluctuated as conflicting cues impacted demand, with the metal opening at Rs.3,224 per gram on 17 June and climbing to Rs.3,239 per gram on 18 June on positive overseas cues.
    • Gold price in Kerala dropped to Rs.43,224 per gram on 19 June but rebounded to Rs.3,297 per gram on 21 June as the dollar dropped on news of potential interest rate cuts.
    • Demand for gold surged as tensions between the U.S. and Iran intensified, increasing tis safe-haven appeal as it traded at Rs.3,339 per gram on 22 June before ending the week at Rs.3,308 per gram.

    June 2019- Week 4 (24-30):

    • A drop in local demand and weak overseas cues resulted in a drop in gold rates in Kerala, with the metal opening at a static Rs.3,308 per gram on 24 June.
    • Rising market turbulence and the escalating U.S.-Iran tensions resulted in prices climbing to Rs.3,371 per gram on 26 June.
    • Prices dropped sharply to Rs.3,318 per gram on 27 June on declining local demand and a recovering dollar rate after the Fed reduced its interest rate cut expectations, with prices falling to Rs.3,302 per gram on 30 June.

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

    Parameters Gold price (24 karat)
    May 1 Rate Rs.3,119 per gram
    May 31 Rate Rs.3,140 per gram
    Highest Rate in May Rs.3,176 per gram on 15 May
    Lowest Rate in May Rs.3,082 per gram on 4 May
    Overall Performance Incline

    May 2019- Week 1 (1-5):

    • A decline in local retail demand saw gold prices in Kerala fall despite steady jeweller demand due to the upcoming wedding season, as the metal traded at Rs.3,119 per gram on 1 May.
    • Prices dropped to Rs.3,098 per gram on 3 May despite the ongoing Eurozone crisis as a result of Brexit, with rates falling further to Rs.3,082 per gram on 4 May on weak overseas demand as well.
    • Gold recovered marginally as the week ended as a rise in Asian industrial offtake spurred on local demand as well, with the metal trading at Rs.3,092 per gram on 5 May.

    May 2019- Week 2 (6-12):

    • An increase in industrial offtake as well as strong positive international cues boosted gold prices in Kerala after the metal opened unchanged at Rs.3,092 per gram on 6 May.
    • Despite markets rising after Fed failed to cut interest rates, the threat of higher tariffs against China resulted in markets plunging as gold rates rose to Rs.3,103 per gram on 9 May.
    • Demand for the metal continued to grow as crude prices rose as a result of the fallout with Iran, as investors switched to safe-haven assets like bullion, with gold trading at Rs.3,124 per gram on 12 May.

    May 2019- Week 3 (13-19):

    • An increase in industrial offtake as well as strong positive international cues boosted gold prices in Kerala after the metal opened unchanged at Rs.3,095 per gram on 13 May.
    • Despite markets rising after Fed failed to cut interest rates, the threat of higher tariffs against China resulted in markets plunging as gold rates rose to Rs.3,102 per gram on 15 May.
    • Demand for the metal continued to grow as crude prices rose as a result of the fallout with Iran, as investors switched to safe-haven assets like bullion, with gold trading at Rs.3,129 per gram on 19 May.

    May 2019- Week 4 (20-26):

    • After opening at Rs.3,129 per gram, gold prices in Kerala dropped on weak local retail demand as well as a rising U.S. dollar that capped gains from industrial orders.
    • The precious metal fell to Rs.3,092 per gram on 23 May as overseas demand was on the decline ahead of the Federal Reserve meeting and rising investor risk sentiment that favoured equities.
    • A marginal recovery resulted in the yellow metal’s value inching higher as markets were rattled by the increasing U.S.-Iran hostilities, as gold traded at Rs.3,113 per gram on 26 May.

    May 2019- Week 5 (27-31):

    • Gold rates in Kerala saw a sharp increase after a weak opening of Rs.3,113 per gram on 27 May as fluctuations in overseas markets and a volatile U.S. dollar boosted the metal’s global appeal.
    • Prices remained constant for most the week despite a steady rise in local retail demand, as an initially steady U.S. dollar rate capped possible gains.
    • The drop in U.S. Treasury bond yields and fears of a global recession sharply impacted markets, as investors rushed to safe-haven assets like bullion, increasing offtake as gold ended the month at Rs.,3140 per gram.

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

    Parameters Gold price (24 karat)
    April 1 Rate Rs.3,113 per gram
    April 28 Rate Rs.3,134 per gram
    Highest Rate in April Rs.3,140 per gram on 10 April
    Lowest Rate in April Rs.3,082 per gram on 4, 5 and from 19-21 April
    Overall Performance Incline

    April 2019 - Week 1 (1-7):

    • Gold rates in Kerala were on the decline for most of the week due to declining local demand and poor overseas offtake, with the metal opening at Rs.3,113 per gram.
    • Prices dropped to Rs.3,082 per gram on 4 April as investors moved to equities amidst a stock rally, though losses were capped by a drop in the U.S. dollar rate due to weak U.S. economic data.
    • A marginal rise in overseas demand bolstered local demand as gold prices rose towards the end of the week, trading at Rs.3,108 per gram on 7 April.

    April 2019 - Week 2 (8-14):

    • Gold in Kerala opened at Rs.3,108 per gram on 8 April and rose steadily to Rs.3,140 per gram on 10 April as fears of a global recession increased interest in safe-haven bullion.
    • Though local offtake was steady, a rise in the U.S. dollar capped bullion gains and prices dipped to Rs.3,119 per gram on 11 April.
    • Positive U.S. employment data and an upswing in Chinese manufacturing buoyed equity markets as interest in the precious metal dipped, with gold rates in Kerala falling to Rs.3,113 per gram on 14 April.

    April 2019 - Week 3 (15-21):

    • Gold prices in Kerala fell as unfavourable overseas trends contrasted with steady local retail demand after trading at Rs.3,113 per gram on 15 April.
    • A steady rise in equity offtake by investors saw prices dip to Rs.3,092 per gram on 18 April as the rising U.S. dollar rate capped possible bullion gains.
    • Prices fell as the release of positive Chinese economic data staved off possible recession fears and reduced investor dependency on safe-haven bullion, with gold dropping to Rs.3,082 per gram on 21 April.

    April 2019- Week 4 (22-28):

    • Interest in bullion rose steadily as gold rates in Kerala with the metal opening the week at Rs.3,082 per gram on 22 April.
    • An increase in overseas offtake due to renewed uncertainty over global economic health resulted in local prices rising to Rs.3,108 per gram on 24 April, as local jewellers increased orders.
    • Prices continued to rise despite a steady U.S. dollar rate, though gains were capped as the yellow metal ended the week at Rs.3,134 per gram on 28 April.

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

    Parameters Gold price (24 karat)
    March 1 Rate Rs.3,255 per gram
    March 31 Rate Rs.3,113 per gram
    Highest Rate in March Rs.3,255 per gram on 1 March
    Lowest Rate in March Rs.3,098 per gram on 29 March
    Overall Performance Decline
    Percentage Change -4.36%

    March 2019 - Week 1 (1-10):

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

    March 2019 - Week 2 (11-17):

    • A drop in local offtake due to rising U.S. dollar rates and weak overseas offtake resulted in gold rate in Kerala falling over the course of the week despite opening unchanged at R.3,161 per gram on 11 March.
    • Jeweller demand was steady but gains were capped as the dollar strengthened, resulting in gold dropping to Rs,3,134 per gram on 13 March.
    • Gold price in Kerala rose briefly to Rs.3,155 per gram on 15 March as investors shifted to safe-haven bullion over fears ahead of the key Brexit vote but dropped to Rs.3,124 per gram on 16 March after news that Brexit would be delayed.
    • Anticipation of a more dovish stance by the Fed Reserve boosted gold’s profile as the dollar dropped, resulting in the metal closing the week at Rs.3,140 per gram on 17 March.

    March 2019 - Week 3 (18-24):

    • Despite positive market cues, gold prices in Kerala saw sluggish growth as subdued local demand kept prices low with the metal trading at Rs.3,140 per gram on 17 March.
    • A steady U.S. dollar capped gains from local gold sales, as prices dropped to Rs.3,124 per gram on 19 March before fears of adverse impacts on equities due to Brexit saw increased investor reliance on bullion, with the metal rising to Rs.3,140 per gram on 21 March.
    • Prices briefly dropped to Rs.3,113 per gram on 23 March as local retail sales fell, though prices recovered to close the week at Rs.3,140 per gram on 24 March.

    March 2019- Week 4 (25-31):

    • A drop in local demand and weak overseas cues resulted in a drop in gold rates in Kerala, with the metal opening at a static Rs.3,140 per gram on 25 March.
    • Despite industrial demand being stable, the rising U.S. dollar rate capped gains as gold prices fell to Rs.3,098 per gram on 29 March with declining investor interest also denting prices.
    • Weak U.S. economic data fuelled renewed fears of a global recession and briefly boosted gold rates to Rs.3,129 per gram on 30 March before the metal slipped to Rs.3,113 per gram on 31 March.

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

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

    February 2019 - Week 1 (1-10):

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

    February 2019 - Week 2 (11-17):

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

    February 2019 - Week 3 (18-24):

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

    February 2019 - Week 4 (25-28):

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

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

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

    January 2019 - Week 1 (1 - 6):

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

    January 2019 - Week 2 (7 - 13):

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

    January 2019 - Week 3 (14 - 20):

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

    January 2019 - Week 4 (21-27):

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

    January 2019 - Week 5 (28-31):

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

    Also Check Gold Prices in the Cities of Kerala

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

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

    December 2018 - Week 1 (1 - 9):

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

    December 2018 - Week 2 (10 - 16):

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

    December 2018 - Week 3 (17 - 23):

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

    December 2018 - Week 4 (24 - 31):

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

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

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

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

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

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

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

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

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

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

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

    Gold Investment Avenues in Kerala

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

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

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

    Also Check Petrol Price and Diesel Price in Kerala

    News About Gold rate in Kerala

    • 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

    • Gold Falls as Dollar Rebounds

      Gold fell from its one-week high on Tuesday as trade tension between China and the United States de-escalated.

      Spot gold fell 0.2% and was $1,282.73 per ounce. Its highest was $1,287.32 on May 17. U.S. gold futures were down 0.1%. Despite the trade tensions, however, gold is not attracting any safe-haven investors currently.

      Also supporting gold were the hopes that there would be an interest rate cut by the United States Federal Reserve.

      On the other hand, after touching its lowest since May 16 at $97.546, the dollar rose 0.2% against a basket of leading currencies. A slide in the euro (driven by political risks in Europe) has also benefitted the dollar.

      With respect to other precious metals, platinum rose 0.5% up to $809.73 and silver fell 0.7% to $14.48 per ounce. Palladium rose 0.7% to $1,345.90 per ounce.

      28 May 2019

    • Gold Surges on Continued Sino-U.S. Trade Tussle

      Gold prices rose to a nearly 1-week high as the impact of a drawn-out trade war between the United States and China hurt sentiment.

      Spot gold inched higher by 0.1% to $1,286.21 per ounce while U.S. gold futures rose by 0.2% to $1,285.60 per ounce.

      With risk appetite still shaky, investors increased their offtake of the safe-haven metal. The U.S. sanctions on Huawei rattled markets, while weak data from the U.S. intensified fears that the American economy was beginning to suffer from the effects of the trade war.

      In light of recent developments, volatility due to geopolitics could boost the yellow metal’s performance. Analysts predict the price could possibly breach $1,300 per ounce, especially if the Federal Reserve implements an interest rate cut.

      27 May 2019

    • U.S. GDP Data Boosts Equities as Gold Slips Again

      Gold prices dropped as strong economic data from the U.S. and China boosted equities and reduced investor interest in bullion. Spot gold fell by 0.4% to $1,281.19 per ounce and U.S. gold futures also shed 0.4% to $1,283.20 per ounce.

      The rise in Chinese industrial profits buoyed equity markets after markets received a boost in the form of strong first quarter economic growth from the United States.

      The risk-friendly market has diminished demand for safe-haven bullion, as investors cut their bullion exposure in favour of stocks. Continued uncertainty over the state of the global economy persists and could turn the tide in favour of bullion, subject to the U.S. Federal Reserve policy meeting in the following week.

      29 April 2019

    • Gold Gains on Falling Dollar and Weak U.S. Data

      Gold prices rose in trading on Tuesday, 8th April, 2019 as the dollar slipped on weak U.S. economic data. Spot gold rose by 0.2% to $1,299.59 per ounce while U.S. gold futures rose by a more modest 0.1% to $1,303.30 per ounce.

      The weak dollar and continued bullion purchases by central banks fuelled a rise in the metal’s value. Weak economic data from the U.S. saw investors switch from equities to bullion. Falling orders for U.S.-manufactured goods as well as a slowdown in the pace of manufacturing impacted equities on Wall Street.

      9 April 2019

    • Gold Prices Slip As Equities Rise Ahead of Fed Meeting

      Gold prices dipped as equity markets rebounded ahead of the U.S. Federal Reserve. The dollar also saw an upward revision in its value, which also impacted gold demand.

      Spot gold fell by 0.2% to trade at $1,299.15 per ounce on weak offtake. U.S. gold futures also dropped as investors reduced their positions, resulting in a 0.3% drop to $1,299.10 per ounce.

      Despite uncertainty over the outlook for the global economy and trade, there was a rise in investor confidence in equities. Demand for bonds also rose in anticipation of a dovish stance by the Fed during their policy meeting.

      Physical gold demand in Asia, especially India rose during the past week as a correction in local prices enticed retail buyers, with a rise in demand from China as well.

      18 March 2019

    Gold Rate - Sitemap

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