Gold Rate In Kochi Today

Gold is very sought after in Kochi and is usually bought for investment purposes and as jewellery. Find the latest gold prices in Kochi for 22 karat and 24 karat variants. Track daily gold trends and get detailed analysis of quarterly trends below.
  • Today's Gold Rate in Kochi ( 19 Oct 2021 )

    ₹ 4,430
    Today's Gold Rate (22K) per gram

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

    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,430 ₹ 4,430 ₹ 0 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 35,440 ₹ 35,440 ₹ 0 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 4,652 ₹ 4,652 ₹ 0 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 37,216 ₹ 37,216 ₹ 0 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    19 Oct 2021 ₹ 4,430 ₹ 35,440 ₹ 4,652 ₹ 37,216
    18 Oct 2021 ₹ 4,430 ₹ 35,440 ₹ 4,652 ₹ 37,216
    17 Oct 2021 ₹ 4,420 ₹ 35,360 ₹ 4,641 ₹ 37,128
    16 Oct 2021 ₹ 4,420 ₹ 35,360 ₹ 4,641 ₹ 37,128
    15 Oct 2021 ₹ 4,480 ₹ 35,840 ₹ 4,704 ₹ 37,632
    14 Oct 2021 ₹ 4,470 ₹ 35,760 ₹ 4,694 ₹ 37,552
    13 Oct 2021 ₹ 4,415 ₹ 35,320 ₹ 4,636 ₹ 37,088
    12 Oct 2021 ₹ 4,415 ₹ 35,320 ₹ 4,636 ₹ 37,088
    11 Oct 2021 ₹ 4,390 ₹ 35,120 ₹ 4,610 ₹ 36,880
    10 Oct 2021 ₹ 4,390 ₹ 35,120 ₹ 4,610 ₹ 36,880

    Weekly & Monthly Graph of Gold Rate in Kochi (1 gram)

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

    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Gold Price In Kochi

    Kochi, the second largest city in Kerala has long been a centre for trade and commerce, having been home to travellers for a major portion of the Middle Ages. Constant interaction with outsiders enabled it to grow prosperous, with its spice trade playing a key role. All this growth provided the city with sufficient money, with gold becoming a source to buy and sell goods. This penchant for gold has stayed strong in Kochi, with it accounting for a major portion of gold consumed in the country. Today, gold is viewed as a safe investment, with a number of its residents purchasing it on a regular basis.

    Gold rates in Kochi closely reflect international gold trends, with a number of factors impacting prices. Jewellery accounts for a major portion of gold demand in the city, with coins, bars, ETFs and gold funds being other popular investment options.

    Gold Rate Trend in Kochi for January 2020 to March 2020 (per gram of 24 karat gold)

    Factor January February March
    1st Day Rs.3,806 per gram Rs.3,964 per gram Rs.4,074 per gram
    Last Day Rs.3,964 per gram Rs.4,153 per gram Rs.3,969 per gram
    Highest Price Rs.3,964 per gram on 7 January and 31 January Rs.4,174 per gram on 25 February Rs.4,242 per gram on 7 and 8 March
    Lowest Price Rs.3,806 per gram on 1 and 2 January Rs.3,927 per gram on 6 and 7 February Rs.3,885 per gram on 18 and 20 March
    Trend Incline Incline Decline
    Change 4.15% 4.76% -2.25%

    Quarterly Gold Rate in Kochi from January 2020 to March 2020:

    • The price of gold on the first day of January was Rs.3,806 per gram which rose up to Rs.3,964 by the last day of the month. In between, the price of gold spiked to the highest of Rs.3,964 per gram by the end of the first week but had its lowest price of Rs.3,806 per gram on the first two days of the month. Overall, the trend was an incline of 4.15% throughout the month. The strong prices were driven by increasing tensions between the US and Iran which led to increased appeal for gold as a safe-haven investment during volatile times. Meanwhile, the US-China trade war was continuing in the background. Amidst all this was the developing coronavirus epidemic that was spreading through China, leading to cautious investments in equities and more enthusiastic investments in the bullion market.
    • In the month of February, gold opened at Rs.3,964 per gram and closed at Rs.4,153 per gram which was a substantial incline of 4.76% overall. There were dips in between, to Rs.3,927 per gram in the first week of the month which quickly recovered to rise to the highest price of Rs.4,174 per gram by the middle of the last week. By this time, the dollar had hit a new low driven by the volatility caused by the coronavirus which had spread beyond China to more than 180 countries across the world, wreaking havoc on the stock markets and the economy. There was a high in the stock markets due to the economic stimulus that were unveiled by China’s central bank which reassured investors, leading to a dip in the sheen of gold as a safe haven investment. However, this was short-lived as the coronavirus soon spread to pandemic proportions, leading to more of its appeal as a safe-haven investment.
    • In the month of March, gold saw a steady decline with a percentage of –2.25% overall. It opened at Rs.4,074 per gram and closed at Rs.3,969 per gram. It had its highest spike in March during the end of the first week and the beginning of the second week at Rs.4,242 per gram. However, it declined again to the lowest price of Rs.3,885 per gram by the third week of the month. This was the time that even the safe haven appeal of precious metals dipped following the lockdown around the world, leading to investors choosing to liquidate their assets in return for cash as fears of a global recession spread throughout.

    Also Check Gold Price in Metro Cities

    Also Check Petrol Price and Diesel Price in Kochi

    Gold Investment Avenues In Kochi

    Residents of Kochi consider gold an ideal investment tool, thanks primarily due to its global demand and ease of purchase. The following investment modes are popular in the city.

    • Over-the-counter – Over-the-counter purchases of gold account for a major chunk of gold purchased in Kochi, with gold jewellery, coins and bullions readily available. Jewellery is perhaps the most popular mode of buying gold, with the city home to some of the biggest jewellers in the country. Gold coins and bullions can be purchased from dealers and banks across the city, with the local price being determined by international trends. Different budgetary requirements can be met in the city, with shops catering to multiple budgets. Gold sales peak during festival season, with Diwali and Onam being good times to purchase it.
    • Market trade – Market trade of gold has gained prominence in the last few years, with Exchange Traded Funds, E-gold and futures contracts providing an opportunity to indulge in trade. Thanks to their good returns and ease of trading, gold ETFs are viewed as safe and simple, with an option to trade them on the Mumbai Stock Exchange. The National Spot Exchange permits the sale and purchase of E-gold in the country. Futures contracts can be a good option for people who are looking to own gold in the future, but are subject to market fluctuations.

    Also Check Gold Price in NearBy Cities of Kochi

    Read more on Gold

    News About Gold rate in Kochi

    • Gold futures prices for the month of August jump in India on 6 July 2021

      Gold futures prices for the month of August jumped by 0.34% on 6 July 2021 and were at Rs.47,462 for 10 grams. The main reason for the jump in the prices was a positive trend in the global markets. Spot gold prices in the global markets were steady and were at $1,792.34 for an ounce. On 5 July 2021, gold prices traded lower in the domestic and international markets. Gold futures prices in the international markets were at $1,783.30 for an ounce.

      7 July 2021

    • Price of gold slip for second consecutive day

      Given weak global cues and a stronger dollar, gold price slipped for the second consecutive day on Thursday at the Mumbai retail market. 10 grams of 24-karat gold cost Rs.48,750 plus GST following the drop in the rates. In the retail market, 10 grams of 22-carat gold cost Rs.44,655 plus 3 percent GST while the price of 18-carat gold was quoted at Rs.36,563 plus GST. Gold holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose by 5.83 tones to 1,043.15 tonnes. The price of spot gold was down by $14.10 to cost $1,874.43 per ounce.

      Silver price however recorded an incline and a kilogram was priced Rs.71,224. The gold/silver ratio currently stands at 68.44 to 1, which means 68.44 ounces of silver is required to buy an ounce of gold.

      10 June 2021

    • Gold was trading above Rs.49,000 on Wednesday

      On Wednesday, after positive trend seen in the international spot prices India Gold MCX June futures were trading above Rs.49,000 for every 10 grams. Spot gold was steady at $1,899.11 per ounce after recording its highest since January 8 on Tuesday. The dollar index was pinned near a 4-1/2-month low against its rivals. It needs to be mentioned here that both gold and silver extended gains on Tuesday amid disappointing U.S. consumer confidence and new home sales data. International spot gold increased on Tuesday hitting a high near $1,900 an ounce.

      26 May 2021

    • Gold, Silver futures gain on Monday; expert recommends buying now as prices to rise by Akshaya Tritiya

      With less than two weeks to go for Akshaya Tritiya, consumers are looking to buy gold. Akshaya Tritiya is on 14 May.

      Gold traded at Rs.49,000 per 10 gm in the Delhi markets while silver was priced at Rs.71,000 per kg. In the International markets, the price of gold was $1775, while the cost of silver $26.10.

      MCX June Gold Futures traded at Rs.47,060 per 10 gm, growing by Rs.323 or 0.7% from the last closing price on Friday.

      MCX July Silver Futures traded at Rs.69,063 per 1 kg around this time, gaining by Rs.697 or over 1% from the last closing price on Friday.

      4 May 2021

    • Gold prices record a flat trend in the domestic market

      Gold futures in the domestic market traded flat on 22 April 2021 due to a mute trend seen in the international market. On the Multi Commodity Exchange, gold contracts for June delivery were trading lower by 0.05% at Rs.48,204 per 10 grams. Silver futures for May delivery was trading lower as well at Rs.70,316 per kg, declining by 0.03%.

      On the other hand, the precious metals had shown a positive trend on 22 April in the international market gold hit a two-month high, and silver hit its highest price in one month at COMEX.

      Gold and silver rates increased in the market after a weak dollar trend was seen in the market and a decline in the 10-year U.S. Treasury bond yields. Gold prices had inched closer to $1,800 per ounce and silver prices settled at $26.57 per ounce.

      23 April 2021

    • Gold rates decline on Friday

      In the Indian markets, gold price declined on Friday after tracking softer global rates. On the Multi Commodity Exchange, the futures of the yellow metal were down by 0.23 percent to cost Rs.44,590. Today's fall meant that the price of the precious metal has been down by about Rs.11,500 from August highs of Rs.56,200. It needs to be mentioned here that in the previous session, gold rates fell by 0.35 percent.

      In the international market, the rate of gold remained flat and was trading at $1,726 per ounce. In the previous session, the precious metal had hit a one-week low of $1,721 per ounce. In the global market, gold price has been down by about 9 percent so far this year.

      26 March 2021

    • Gold rates dipped by 22%; falls near to 11-month low

      Gold prices dipped and were close to an 11-month low at Rs.44,600 per 10 grams. The precious metal had increased to Rs.57,000 per 10 grams in August 2020 after the markets were affected by the COVID-19 pandemic.

      However, with the economy recovering gradually, gold prices have recorded a total decline of 22% or Rs.12,400. With the recovering U.S. dollar value and a positive trend seen in the U.S. Treasury yields, gold prices and demand have faced a negative impact.

      According to experts, the lowering trend of gold prices is temporary due to the various factors playing a factor in determining its prices. Weak dollar rates, pressure from inflation along debt accumulation has played an important role in gold prices. The possible fiscal stimulus which could be passed by the United States government for $1.9 trillion would boost safe-haven demand for the metal in the market.

      In India, gold prices have declined due to the international trend of the metal along with the appreciation value of the rupee. Recently, during the Union Budget 2021, the import duty on gold was reduced which also affected its prices.

      12 March 2021

    • Gold prices see an incline in major cities across India

      Gold prices increased marginally on 23 February by Rs.10 to Rs.45,470 per 10 grams for 22-karat gold. The rate of 24-karat gold also increased by Rs.10 to Rs.46,470 per 10 grams. In Delhi, the price of 22-karat gold was Rs.45,410 per 10 grams and was Rs.49,530 per 10 grams for 24-karat gold.

      In Chennai, the value of 24-karat gold was Rs.47,950 per 10 grams and was Rs.46,470 per 10 grams in Mumbai. 10 grams of 24-karat gold was priced at Rs.45,570 per 10 grams in Kolkata.

      Silver prices also increased at Rs.70,500 per kg in Delhi, Mumbai and Kolkata and Chennai and Hyderabad, it was Rs.74,400 per kg.

      In the international market, gold prices increased by 0.19% at $1,814 per ounce.

      23 February 2021

    • Gold prices rise in the domestic market; trades above the Rs.48,000 per 10 grams mark

      Due to the weaker dollar value in the international market, gold prices increased in the domestic market as well. With increased hopes of another stimulus package from the U.S., demand for gold was higher. On the Multi Commodity Exchange, gold contracts for April delivery were higher by 0.4% to Rs.48,026 per 10 grams.

      Silver futures for March was trading higher by 0.20% at Rs.70,223 per kg. Gold and silver prices increased after declining with the Biden administration eager to push out a stimulus package of $1.9 trillion.

      In the international market, gold contracts for April were trading at a positive note at $1,834.20 per ounce and silver was trading at $27.58 per ounce.

      10 February 2021

    • Gold futures on the MCX trade marginally higher; Silver prices see an incline

      Gold prices showed a positive trend on 21 January after inclines were reported for the metal’s prices in the international market. On the Multi Commodity Exchange, gold contracts for February delivery were trading higher at Rs.49,685 per 10 grams, inclining by 0.30%. Silver contracts for March delivery was trading 0.70% higher at Rs.67,456 per kg.

      According to experts, gold prices have inclined due to a weak U.S. dollar in the international market. Gold prices in the international market were trading at $1,866.50 per ounce while silver contracts were trading at $25.77 per ounce.

      22 January 2021

    • Gold rate increase by more than 2 percent on Monday

      The price of gold increased by more than 2 percent on Monday bolstered by the dollar's slide ahead of runoff elections for both U.S. Senate seats from Georgia. The price of spot gold was up by 2.4 percent and was trading at $1,943.13 per ounce while U.S. gold futures settled at $1,946.60 after increasing by 2.7 percent.

      Among other metals, silver gained by 3.1 percent to cost $27.17 an ounce. This was the highest price since 15 September, 2020. The rates of platinum and palladium eased by 0.4 and 3.1 percent to cost $1,063.87 and $2,372.92 respectively.

      4 January 2021

    • Gold trades flat, will hold Rs.50,330 support level

      The Indian December futures for gold had traded flat after it had rallied over 1% during the previous trading session. A few analysts have said that investors should buy the dips as long as the metal holds support at Rs.50,000 per 10 gram. On the Multi-Commodity Exchange (MCX), the gold contracts for December had been trading lower by 0.18% and reached Rs.50,408.

      12 November 2020

    • Gold rates drip and markets sees crucial support at Rs.50,750

      Gold rates had dipped in the global markets after the U.S. dollar gained strength. This was after the hopes of the U.S. stimulus weakened after the President had announced that a deal might be possible after the November election. On the MCX, the gold contracts for December had been trading lower by 0.10% and reached Rs.50,909 per 10 gram. The December futures for silver had been were trading lower by 0.45% and reached Rs.62,000 per kg.

      29 October 2020

    • Fall in gold prices after 3-day high

      The price of gold fell on Gold price fell on 13 October after a 3-day high. However, in the Indian markets, it continued trading above Rs.51,000. In New Delhi, the price of 10 grams of physical 24-carat bullion was Rs.54,350. In Kolkata, the price of 24-carat gold was Rs.53,280. In Mumbai, the price of 24-carat gold was Rs.50,830. In Chennai, the price of 24-carat gold was Rs.53,320. The October futures for gold on the Multi Commodity Exchange (MCX) was trading at Rs.50,820 which was Rs.280 lower with an intraday low of Rs.50,760 and an intraday high of Rs.51,107. September futures of silver was trading at Rs.62,417 per kg which was a fall of Rs.680 as the price in the previous session was Rs.63,098 per kg.

      15 October 2020

    • Price of gold drops for the 3rd time in 4 days, silver struggles too

      Prices of gold and silver dropped in Indian markets today. December gold futures on MCX fell 0.06% to Rs.50,305 per 10 gram while Silver futures grew 0.25% higher to Rs.60,055 per kg. Previously, gold had dropped 0.6% while silver fell 4% or Rs.2,500. Silver prices have also dropped significantly from their highs of about Rs.80,000 hit in August.

      MCX gold however has support at Rs.49200 and resistance at Rs.51,120.

      In global markets, prices of yellow metal were little changed today, thanks to a softer US dollar and hopes of U.S announcing another coronavirus relief package. The global risk sentiment got better after improved US private payrolls data. Spot gold remained steady at $1,884.67 per ounce.

      Among other precious metals, silver grew 0.2% to $23.25 per ounce, while platinum went up 0.4% to $891.95 and palladium rose 0.2% to $2,309.07.

      1 October 2020

    • After 6-day fall, prices of gold soars above Rs.50,000 while silver is at Rs.60,000

      The price of gold stayed steady, trading above Rs.50,000, after a 6-day freefall in prices. Gold October futures climbed to Rs.50,160, an increase of Rs.20, on the Multi Commodity Exchange. The intraday high was Rs.50,265 while Rs 50,138 per 10 gm was the previous close. The bullion was trading at R. 56,191 per 10 gm which was lower than its lifetime high by Rs.6,000. Silver futures in September were at Rs. 60,134 per kg today, an increase in Rs.260, with an intraday low of 60,060 per kg. On 7 August, it hit a lifetime high of Rs.77,949. Spot gold increased to $1,883.51 per ounce which was 0.1% more. U.S. gold futures stood at $1,888.40, an increase of 0.3%. Comex gold traded at $1,859 per ounce which was 0.37% higher. Silver dipped to $23.66 per ounce which was 0.2% less. Gold prices had risen 20% in 2020 but decreased by 10% slumped last week due to the dollar holding firm and new lockdowns in Britain and Europe over fresh coronavirus cases. In New Delhi, the price of physical 24-carat bullion per 10 gram dipped to Rs.52,750. In Chennai, the rate of 24-carat gold was Rs.52,050 per 10 grams. In Kolkata and Mumbai and Kolkata, the price of 24-Carat gold fell to lower to Rs.51,570 and Rs.49,260 respectively.

      30 September 2020

    • Gold and silver rates drop in the Indian market; silver prices down by Rs.875

      Gold prices plummeted by Rs.96 to Rs.51,797 per 10 grams in Mumbai due to the appreciating value of the rupee. Investors also awaited the U.S. Federal Reserve’s decision ahead of the meeting. 22-karat gold in Mumbai was priced at Rs.47,446 per 10 grams and 24-karat gold was Rs.51,797 per 10 grams.

      In the futures market, gold prices touched an intraday high at Rs.52,074 per 10 grams and an intraday low of Rs.51,770 per 10 grams on the MCX. Silver prices dropped by Rs.875 to Rs.65,883 per kg.

      Gold futures for October increased by Rs.222 to Rs.51,991 per 10 grams for a business turnover of 10,907 lots. For delivery in December, the price of gold increased by Rs.236 to Rs.52,153 per 10 grams for a turnover of 7,837 lots.

      17 September 2020

    • Gold prices drop after recording marginal inclines

      Gold prices dropped in the Indian market today after tracking a declining trend in the international market. Gold futures on the Multi Commodity Exchange dropped by 0.5% to Rs.50,803 per 10 grams. Silver prices also dipped marginally by 0.6% to Rs.67,580 per kg.

      In its previous session, gold prices had increased by 0.7% after declining for three consecutive days. Silver futures also, had recorded an incline of 1.6%. In the global market, gold prices as the United States dollar increased in value in the market against other currencies. However, the rising number of COVID-19 cases all over the world, capped the metal’s losses.

      According to analysts, gold is being supported at the lower levels due to increased tensions between China and the United States of America and the rising number of cases all over the world.

      8 September 2020

    • Gold prices fall over Rs.1,300 per 10 gram in two days in India even as international prices rise

      The price of gold continued to remain unsteadt for the second straight day on Thursday after the minutes of the US Federal Reserves policy’s last meeting showed that the policymakers showed little interest to cap bond yields. The price of gold have been volatile in domestic markets after hitting a new all-time high of Rs.56,191 per 10 gram on August 7.

      Prviously the prices of gold dropped 1.77% or Rs.949 to close at Rs.52,622 per 10 gram, while prices of silver slipped 2.22% to settle at Rs.67,963 per kg.

      21 August 2020

    • Prices of gold increase in India on 6 August 2020

      Tracking prices in the international markets, the prices of gold increased in India on 6 August 2020. Gold futures prices for the month of August on MCX increased by 0.35% and are at Rs.55,290 per 10 grams. In the last session, gold rates increased by Rs.580, hitting record highs of about Rs.55,297 for 10 grams. In the international markets, the prices of the yellow metal were flat because of a weak dollar and the hopes that several stimulus measures would be introduced by central banks. The prices of spot gold are at $2,039.75 for an ounce. In the previous session, spot gold prices hit record highs. A weak US dollar ensures that gold prices are expensive for other currency holders. Gold prices have increased this year due to the uncertainty in the economy. Gold prices in India are inclusive of 3% GST and 12.5% import duty.

      6 August 2020

    • Prices of gold on MCX fall by 0.2% on 8 July 2020

      On 8 July 2020, gold futures prices on MCX were flat with a negative bias. According to experts, investors should target the Rs.49,000-Rs.49,200 per 10 grams range because of the dip. Gold futures prices for the month of August on MCX fell by 0.2% and were at Rs.48,700 for 10 grams. In the international markets, the prices of gold increased by 1% and were at $1,809.90 for an ounce. On 7 July 2020, gold prices almost hit record highs and hit nearly the Rs.48,000 levels. According to various experts, the prices of gold increased due to the downbeat in the US economic data, the increase in the number of coronavirus cases, and a weak equities market.

      9 July 2020

    • Gold prices show gains despite muted gains; metal could face resistance according to experts

      Gold futures for August recorded an incline on 8 June 2020 even though a muted trend was seen in the international market. However, according to experts, the precious metal may face resistance around Rs.46,000 per 10 grams.

      On the Multi Commodity Exchange, June gold contracts were at Rs.45,875 per 10 grams, trading higher by 0.39%. Silver futures for July was trading at Rs.47,771 per kg, increasing by 0.9%. At the Multi Commodity Exchange, gold prices corrected more than 2% and were priced below the Rs.45,800 per 10 grams level. Silver prices also dipped more than 3% and settled below the Rs.47,500 per kg level.

      According to Manoj Jain, Director (Head – Commodity and Currency Research), Prithvi Finmart Private Limited, the precious metals are expected to remain volatile in the second week of June and selling is expected as the value of the metal goes higher. Gold is expected to face resistance around Rs.46,100 – Rs.46,300 per kg. If the prices are sustaining below the Rs.45,680 per 10 grams mark, there could be further resistance towards Rs.45,400 – Rs.45,100 per 10 grams level.

      8 June 2020

    Gold Rate - Sitemap

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

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

    This Page is BLOCKED as it is using Iframes.