Gold Rate In Kozhikode Today

  • Today's Gold Rate in Kozhikode ( 26 May 2020 )

    ₹ 4,350
    Today's Gold Rate (22K) per gram

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

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,350 ₹ 4,350 ₹ 0 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 34,800 ₹ 34,800 ₹ 0 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 4,568 ₹ 4,568 ₹ 0 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 36,544 ₹ 36,544 ₹ 0 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    26 May 2020 ₹ 4,350 ₹ 34,800 ₹ 4,568 ₹ 36,544
    24 May 2020 ₹ 4,350 ₹ 34,800 ₹ 4,568 ₹ 36,544
    23 May 2020 ₹ 4,350 ₹ 34,800 ₹ 4,568 ₹ 36,544
    22 May 2020 ₹ 4,315 ₹ 34,520 ₹ 4,531 ₹ 36,248
    21 May 2020 ₹ 4,315 ₹ 34,520 ₹ 4,531 ₹ 36,248
    20 May 2020 ₹ 4,335 ₹ 34,680 ₹ 4,552 ₹ 36,416
    19 May 2020 ₹ 4,380 ₹ 35,040 ₹ 4,599 ₹ 36,792
    18 May 2020 ₹ 4,380 ₹ 35,040 ₹ 4,599 ₹ 36,792
    17 May 2020 ₹ 4,350 ₹ 34,800 ₹ 4,568 ₹ 36,544

    Weekly & Monthly Graph of Gold Rate in Kozhikode

    • 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 Rate In Kozhikode

    Kozhikode which was earlier called Callicut, and where Vasco Da Gama had landed first in India, is rich in culture and heritage with the strong Keralite influence as well as European inspirations to this beautiful city in Southern India. this beautiful city is home to the natives who are absolutely mesmerized by the thought of gold in their customs as well as daily life. Gold is considered a very strong indicator of standing in the society. For example when it comes to weddings and marriages, a father will define his social standing to others by gifting gold jewellery to his daughter for the wedding that is heavier and higher in quantity than his competition gifted. This is a typical trend that has been continued or ages and hence is difficult to look away from. Let us take a closer look at the gold rate in Kozhikode.

    Gold Rate Trend in Kozhikode 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 March, 8 March,9 March and 10 March
    Lowest Price Rs.3,806 per gram on 1 January and 2 January Rs.3,927 per gram on 6 February and 7 February Rs.3,885 per gram on 18 March
    Trend Incline Incline Decline
    Change 4.15% 4.76% -2.5%

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

    • 2020 had started with the yellow metal standing at Rs.4,023 per gram on 1 January in Kozhikode. The rate of gold had seen an increasing trend of 4.15% during this month. The prices of the yellow metal had increased in the first week and had reached its highest price on two days of this month. On 9 January and 31 January, the metal had been priced at Rs.3,806 per gram. Many traders had taken refuge in the gold bullion market because of the tensions that had begun to brew in the Middle East. The impeachment inquiry by the U.S. President had also led to this sudden move. The traders had started to invest in the gold bullion market and this had driven a steady trend in the prices of the precious metal by the end of the month. On 16 January, the metal was being sold at Rs.3,890 per gram. The rates had remained at the very same figure for six days. From 16 January till 21 January, the price of the metal had stood at Rs.3,906. The price of gold had then skyrocketed to Rs.3,922 by the next day, 22 January. After showing an inclining trend for the next few days, the metal had closed at Rs.3,964 per gram on 31 January.
    • Gold had stepped its foot into February standing at Rs.3,964 per gram. The rates of this precious metal had stayed at the same figure till 3 February. Then, the price of the metal had dipped and stood at Rs.3,927 per gram on 6 February. On 11 February, Kozhikode witnessed the price of gold stand at Rs.3,959 per gram. The price remained the same for 3 days until 13 February. The price had then increased as a lot more coronavirus cases had been reported from various corners of the globe. By 14 February, the rates of the precious metal had hiked up to Rs.3,980 per gram and had remained at the same figure till 15 February. The precious metal had then witnessed a hike in its rate and on 19 February had recorded a price of Rs.3,990 per gram. The prices of the metal had then skyrocketed to Rs.4,027 per gram on 20 February. These prices had then gone through an increase. On 21 February, the price of one gram of gold had increased to Rs.4,053 per gram. For the next few days, the price of gold had continued to increase and finally stood at Rs.4,174 per gram on 25 February. This had been the highest price the metal had recorded in this month. The month closed with the metal being priced at Rs.4,153 per gram on 29 February.
    • In Kozhikode, the rates of gold in the month of March had gone through a fall as compared to the previous two months. The price had dipped from Rs.4,074 per gram on 1 March to Rs.3,969 per gram on 31 March. This is a fall of 2.5%. The decrease in price can be owed to the fears of the coronavirus that has been impacting the global economy pretty badly. The precious metal had then gone through a huge increase in its rates by 3 March and had touched Rs.4,085 per gram. The prices of gold had then reached Rs.3,885 per gram on 18 March. This was the lowest price recorded by the metal for this month. The sudden dip in the prices of this metal is because the traders had liquidated all their positions in gold. This move was made by them in spite of many central banks’ efforts to fight the pandemic. All traders had feared an economic fallout. On 22 March and 23 March, the price of gold stood at Rs.3,990 per gram. For the next eight days, the price of gold remained the same. From 24 March to 31 March, the rates had stood at Rs.3,969 per gram.

    Gold Rate Trend in Kozhikode for October 2019 to December 2019 (per gram of 24 karat gold)

    Factor October November December
    1st Day Rs.3,665 per gram Rs.3,749 per gram Rs.3,728 per gram
    Last Day Rs.3,773 per gram Rs.3,701 per gram Rs.3,806 per gram
    Highest Price Rs.3,764 per gram from 25 October to 30 October Rs.3,780 per gram on 3 November and 4 November Rs.3,806 per gram on 29, 30, and 31 December
    Lowest Price Rs.3,612 per gram on 2 October Rs.3,701 per gram on 13, 27, 28, 29 and 30 November Rs.3,675 per gram on 14 December
    Trend Incline Decline Incline
    Change 2.94% -1.28% 2.09%

    Quarterly Gold Rate in Kozhikode from October 2019 to December 2019:

    • Gold prices in Kozhikode showed an incline of 2.94% for the month of October. The rates of gold opened the month at Rs.3,665 per gram and showed a fluctuating trend due to trade deal concerns. The yellow metal closed the month at Rs.3,773 per gram in the city.
    • Due to positive developments in the trade war, gold prices fell in November. The yellow metal opened the month at Rs.3,749 per gram and dropped over the month as the US Federal Reserve cut the rates. Gold closed the month at Rs.3,701 per gram, the lowest recorded price for the month. The overall performance of the metal showed a decline of 1.28%.
    • In December, gold prices bounced back due to several geopolitical factors. The rates were on an upward curve in the final two weeks after the Senate voted in favour of the impeachment of US president Donald Trump. The yellow metal closed the month at Rs.3,806 per gram in Kozhikode with the precious metal showing an incline percentage of 2.09%.

    Gold Rate Trend in Kozhikode for July 2019 to September 2019 (per gram of 24 karat gold)

    Factor July August September
    1st Day Rs.3,302 per gram Rs.3,402 per gram Rs.3,738 per gram
    Last Day Rs.3,381 per gram Rs.3,749 per gram Rs.3,665 per gram
    Highest Price Rs.3,428 on 20 July Rs.3,770 per gram on 29 and 30 August Rs.3,822 per gram on 5 September
    Lowest Price Rs.3,302 per gram on 1 July Rs.3,371 per gram on 2 August Rs.3,633 per gram on 21 September
    Trend Incline Incline Decline
    Change 2.39% 10.19% -1.95%

    Gold Rate Trend in Kozhikode for April 2019 to June 2019 (per gram of 24 karat gold)

    Factor April May June
    1st day Rs.3,113 per gram Rs.3,119 per gram Rs.3,140 per gram
    Last day Rs.3,134 per gram Rs.3,140 per gram Rs.3,302 per gram
    Highest price Rs.3,140 per gram on 10 April Rs.3,176 per gram on 15 May Rs.3,371 per gram on 26 June
    Lowest price Rs.3,082 per gram on 4,5 and from 19-21 April Rs.3,082 per gram on 4 May Rs.3,140 per gram on 1 June
    Trend Incline Incline Incline
    Change 0.67% 0.67% 5.15%

    Also Check Gold Price in Metro Cities

    Gold Rate Trend in Kozhikode for January 2019 to March 2019 (per gram of 24 karat gold)

    Factor January February March
    1st day Rs.3,077 per gram Rs.3,417 per gram Rs.3,255 per gram
    Last day Rs.3,229 per gram Rs.3,447 per gram Rs.3,113 per gram
    Highest price Rs.3,229 per gram on 31 January Rs.3,484 per gram on 20 and 21 February Rs.3,255 per gram on 1 March
    Lowest price Rs.3,077 per gram on 1 and 2 January Rs.3,396 per gram from 13-15 February Rs.3,113 per gram on 31 March
    Trend Incline Incline Decline
    Change 4.93% 0.87% -4.36%

    Gold Rate Trend in Kozhikode for January 2019:

    • After a relatively lacklustre opening of Rs.3,077 per gram, gold rates in Kozhikode rose on positive investor interest in bullion and steady local jeweller demand as the metal traded at Rs.3,108 per gram on 9 January.
    • The continued fallout from Brexit and the partial U.S. government shutdown reduced investor confidence in equities and increased interest in bullion as the metal rose to Rs.3,140 per gram from 11-14 January.
    • A pause in U.S. rate hikes propped up gold as markets reacted negatively to the failed Brexit deal and increased bullion demand, pushing prices to Rs.3,166 per gram on 16 January.
    • Gold continued to climb, trading at Rs.3,176 per gram on 21 January and rose for the rest of the month, closing at Rs.3,229 per gram on global trade concerns.

    Gold Rate Trend in Kozhikode for February 2019:

    • Gold rates in Kozhikode opened at Rs.3,229 per gram but rising uncertainty over Sino-U.S. trade talks boosted bullion offtake as the yellow metal rose to Rs.3,266 per gram on 7 February.
    • Steady local demand competed with poor overseas cues as prices dropped to Rs.3,245 per gram on 10 February, but flagging industrial orders resulted in gold falling to Rs.3,203 per gram on 14 February.
    • Prices recovered as the U.S. dollar traded flat on rising Brexit tensions and a possible global economic slowdown, as gold rose to Rs.3,255 per gram on 19 February.
    • Demand for bullion as a safe-haven asset surged as a weak U.S. dollar bolstered local retail offtake as well, with the metal climbing to Rs.3,302 per gram on 21 February before ending the month at Rs.3,271 per gram.

    Gold Rate Trend in Kozhikode for March 2019:

    • A steady drop in local retail demand due to a strengthening U.S. dollar and declining investor offtake saw gold prices in Kozhikode open lower at Rs.3,255 per gram, with prices falling to Rs.3,140 per gram on 9 March.
    • A brief rise saw gold trade at Rs.3,161 per gram on 12 March but tepid overseas demand ahead of the Fed meeting saw prices plunge to Rs.3,124 per gram on 19 March.
    • Overseas demand fluctuated as equities rose on market stability after the Brexit vote was delayed as gold fell to Rs.3,113 per gram on 23 March.
    • Prices briefly rose to Rs.3,155 per gram on 27 March as fears of a global economic shutdown rattled markets and increased gold offtake but the precious metal dropped to Rs.3,113 per gram on 31 March.

    Gold Rate Trend in Kozhikode for October 2018 to December 2018 (per gram of 24 karat gold)

    Factor October November December
    1st day Rs.2,987 per gram Rs.3,098 per gram Rs.2,966 per gram
    Last day Rs.3,108 per gram Rs.2,977 per gram Rs.3,092 per gram
    Highest price Rs.3,119 per gram on 25 October Rs.3,113 per gram on 5 November Rs.3,108 per gram on 12 December
    Lowest price Rs.2,987 per gram on 1 October Rs.2,977 per gram on 30 November Rs.2,966 per gram on 1 December
    Trend Incline Decline Incline
    Change 4.05% -3.90% 4.24%

    Gold Rate Trend in Kozhikode for October 2018:

    • Gold was priced at Rs.2,987 per gram when trading began for the month of October. During the month, the metal recorded high demand as the trade war between US and China intensified causing volatility in the market.
    • However, as the dollar declined and local demand was also high, gold rates continued to rise over the next few days.
    • On 25 October, the gold price in Kozhikode rose to Rs.3,119 per gram, the highest point for the month.
    • When the month ended, gold was priced at Rs.3,108 per gram as the price of the yellow metal rose by 4.05% for the month.

    Gold Rate Trend in Kozhikode for November 2018:

    • In November, gold opened at Rs.3,098 per gram but rates fell rapidly as demand declined due to a rise in the value of the dollar in correspondence to other currencies.
    • The rupee too began to lose ground as the dollar rose, causing the price of the metal in the city to plummet further.
    • Gold rates were on a gradual decline and hit its lowest point on 30 November when it stood at Rs.2,977 per gram.
    • The month ended at Rs.2,977 per gram the value of the metal dipped by 3.90% negating all the gained achieved during the previous month.

    Gold Rate Trend in Kozhikode for December 2018:

    • After the declining trend of gold rates in the previous month, December turned out to a positive period for gold.
    • On the 1st of December, gold traded at Rs.2,966 per gram and a trade crisis in the US helped demand for safe-haven assets to rise.
    • The start of the month recorded the lowest gold rates while the highest point for the metal was on 12 December when the metal stood at Rs.3,108 per gram.
    • The month ended with gold trading at Rs.3,092 per gram, a 4.24 incline in prices in comparison to the previous month.

    Gold Rate Trend in Kozhikode for July 2018 to September 2018 (per gram of 24 karat gold)

    Factor July August September
    1st day Rs.2,951 per gram Rs.2,903 per gram Rs.2,956 per gram
    Last day Rs.2,903 per gram Rs.2,966 per gram Rs.2,987 per gram
    Highest price Rs.2,993 per gram on 11 July Rs.2,966 per gram on 31 August Rs.3,014 per gram on 20, 21, 26 and 27 September
    Lowest price Rs.2,903 per gram on 31 July Rs.2,877 per gram on 4 August Rs.2,945 per gram on 4 September
    Trend Decline Incline Incline
    Change -1.62% 2.17% 1.04%

    Gold rate in Kozhikode for July 2018

    • When trading for the precious metal commenced on 1 July, gold was priced at Rs.2,951 per gram. The demand for the metal was poor amid weak trends overseas.
    • However, as the demand for the metal from retailers and industrial units increased in the following days, the price of the metal surged.
    • The highest gold rate for the month of July in Kozhikode was recorded on 11 July when the metal traded at Rs.2,993 per gram.
    • Meanwhile, the value of the US dollar increased compared to a basket of apex currencies. This caused gold rates in Kozhikode to decline.
    • Gold closed at Rs.2,903 per gram on 31 July- the lowest gold rate recorded for the month.
    • Overall, the trend of gold rates in Kozhikode declined by 1.62% for the month of July.

    Gold rate trend in Kozhikode for August 2018

    • The precious metal continued to trade at Rs.2,903 per gram when the trading for gold commenced on 1 August. As the demand for the metal remained stable, the price of the metal wasn’t affected on the first day of the month.
    • In the following days, the US released the employment data which indicated positive growth for their economy due to which the value of the US dollar increased and the rate of gold in Kozhikode declined.
    • The lowest gold rate for the month of July was recorded on 1 August when the price of the metal fell to Rs.2,877 per gram.
    • However, due to political tension, the value of the US dollar started to fall in the following days. This caused gold rates in Kozhikode to incline.
    • The highest gold rate was recorded on the last day of the month when the metal closed at Rs.2,966 per gram.
    • Though the price of the metal kept fluctuated throughout the month, the overall trend of gold rates in Kozhikode for the month of August was an incline of 2.17%.

    Gold rate trend in Kozhikode for September 2018

    • The precious metal in Kozhikode opened at Rs.2,956 per gram in the start of September due to an increase in local demand.
    • Gold prices in Kozhikode surged as a decline in the exchange rate of the Indian currency was recorded as the demand for the metal increased on account of the festive season.
    • After recording a monthly low of Rs.2,945 per gram on 04 September, the price of the metal quickly rebounded.
    • The highest gold rate for the month of Rs.3,014 per gram was recorded on 20, 21, 26 and 27 September. Gold prices in Kozhikode recorded an incline of 1.04% for the month September.

    Gold Rate Trend in Kozhikode for April 2018 to June 2018 (per gram of 24 karat gold)

    Factor

    April

    May

    June

    1st day

    Rs.2,966 per gram

    Rs.3,050 per gram

    Rs.3,040 per gram

    Last day

    Rs.3,050 per gram

    Rs.3,040 per gram

    Rs.2,972 per gram

    Highest price

    Rs.3,056 per gram on 20-21 & 25-26 April

    Rs.3,071 per gram on 14 & 15 May

    Rs.3,040 per gram on 1 June

    Lowest price

    Rs.2,966 per gram from 1 – 3 April

    Rs.3,019 per gram on 17 & 18 May

    Rs.2,972 per gram on 30 June

    Trend

    Incline

    Decline

    Decline

    Change

    2.83%

    -0.32%

    -2.23%

    Gold Rate Trend in Kozhikode for April 2018:

    • The month began with gold rate in Kozhikode holding at Rs.2,966 per gram on the 1st with subdued demand from local industries and retailers.
    • Prices remained untouched at Rs.2,966 per gram over the next couple of days with domestic demand suppressed by the strong greenback and equities. This was also the lowest monthly figure recorded in the city.
    • However, with the US dollar losing significant ground amid rising geopolitical tensions around the world, demand for safe-haven assets picked up towards the end of the month.
    • On the 25th, the yellow metal was recorded trading at a monthly high of Rs.3,056 per gram with strong investor demand brought about by positive global cues.
    • Trading concluded for the month with gold closing at Rs.3,050 per gram with strong and steady demand from local industries, retailers and jewellers amid the firm trend overseas.

    Gold Rate Trend in Kozhikode for May 2018:

    • Trading began for the month with gold price in Kozhikode holding firm at Rs.3,050 per gram with steady local demand amid favourable market cues.
    • Safe-haven demand for metal rose considerably as the US dollar value tumbled amid the losing equity markets during the month. This led to prices surging to Rs.3,071 per gram - the highest recorded monthly figure - on the 14th.
    • With the greenback regaining lost ground from the previous losses, investor demand for the metal declined. This led to gold being priced at Rs.3,019 per gram on the 17th.
    • Demand, however, picked up towards the end of the month with market participants banking on the bullion amid the unevenly performing dollar and US stock markets.
    • The month ended with gold prices finishing at Rs.3,040 per gram on the last day with steady local demand from industries and retailers amid the firm overseas trends.

    Gold Rate Trend in Kozhikode for June 2018:

    • The final month of Q2 2018 opened with gold rate in Kozhikode holding at Rs.3,040 per gram on the 1st, thanks to steady domestic demand brought about by positive global cues.
    • Gold prices dropped to a monthly low on the 30th with the precious metal trading as low as Rs.2,972 per gram after a steep incline in the dollar value flatlined demand globally on the last day.
    • Kozhikode registered a decline of 2.23% in gold rates during the course of the month.

    Gold Rate Trend in Kozhikode for January 2018 to March 2018 (per gram of 24 karat gold)

    Factor

    January

    February

    March

    1st day

    Rs.2,924 per gram

    Rs.3,040 per gram

    Rs.2,956 per gram

    Last day

    Rs.2,940 per gram

    Rs.3,046 per gram

    Rs.2,966 per gram

    Highest price

    Rs.3,015 per gram on 25 January

    Rs.3,103 per gram on 14 February

    Rs.3,008 per gram on 28 March

    Lowest price

    Rs.2,909 per gram on 5 January

    Rs.3,003 per gram on 8 February

    Rs.2,945 per gram from 16-19 March

    Trend

    Incline

    Incline

    Incline

    Change

    0.54%

    0.19%

    0.33%

    Gold Rate Trend in Kozhikode for January 2018:

    • Gold trade opened in Kozhikode with the yellow metal priced at Rs.2,924 per gram on the 1st with steady domestic demand from local jewellers, retailers and industries.
    • Rates dropped to Rs.2,909 per gram on the 5th as demand plummeted after the US dollar rose against a basket of other major emerging currencies.
    • Poor inflation data coupled with weaker-than-expected US jobs and payrolls’ data led to gold prices recovering towards the end of the month.
    • The 25th saw gold prices surging to Rs.3,015 per gram with market participants leaning on to the safe-haven metal to hedge against inflation concerns.
    • The month came to an end with the precious metal prices holding steady at Rs.2,940 per gram on the 31st amid firm overseas trends and Kozhikode recorded an incline of 0.54% in gold prices during the course of the month.

    Gold Rate Trend in Kozhikode for February 2018:

    • The month began with the precious metal prices holding at Rs.2,961 per gram on the 1st after a decline in the US dollar following the central bank meeting resulted in an increased investor demand for the metal.
    • However, with the US greenback recovering from its previous streak of losses, demand for the metal plunged. This led to gold prices plunging to Rs.2,919 per gram - the lowest recorded monthly figure - on the 8th.
    • Poor trends overseas coupled with reduced domestic demand led to gold prices remaining untouched at Rs.2,919 per gram until the 12th.
    • An increase in industrial orders over the next week coupled with the weakening dollar index led to gold prices surging to Rs.2,993 per gram on the 19th.
    • When trading concluded for the month, gold prices in Kozhikode was recorded trading at Rs.2,956 per gram on the 28th.
    • The district of Kozhikode registered a loss of 0.16% in bullion trade on the account of the week global cues that pushed demand lower for the metal during the month.

    Gold Rate Trend in Kozhikode for March 2018:

    • Gold prices in Kozhikode were recorded holding at Rs.2,956 per gram, when trading began for the final month of the quarter.
    • Poor dollar performances coupled with losing equity markets led to gold rates improving over the next few weeks.
    • However, with the US employment data reporting an incline in the number of jobs supporting the US economy, gold rates dropped to Rs.2,945 per gram on the 16th.
    • Poor domestic demand compounded by weak trends overseas led to gold prices remaining unaltered at Rs.2,945 per gram until the 19th.
    • With the dollar on a decline amid the poorly performing US equities, demand for the bullion picked up towards the end of the month.
    • Trading concluded with the yellow metal priced at Rs.2,966 per gram on the 31st and Kozhikode recorded a profit of 0.33% in bullion trade during the month.

    Gold Rate Trend in Kozhikode for October 2017 to December 2017 (per gram of 24 karat gold)

    Factor October November December
    1st day Rs.2,954 per gram Rs.2,942 per gram Rs.2,921 per gram
    Last day Rs.2,942 per gram Rs.2,937 per gram Rs.2,909 per gram
    Highest price Rs.2,977 per gram from 12 to 16 October Rs.2,986 per gram 18 to 22 November Rs.2,931 per gram from 2 to 4 December
    Lowest price Rs.2,931 per gram on 27 October Rs.2,932 per gram on 5 November Rs.2,786 per gram on 12 and 13 December
    Trend Decline Decline Decline
    Change -0.40% -0.16% -0.41%

    Gold Rate Trend in Kozhikode for October 2017:

    • Trading commenced for the month with the yellow metal priced at Rs.2,954 per gram on the 1st amid the strengthening US dollar index and rising equities.
    • Demand for the metal remained on the weaker side despite the arrival of the festive season during the month . This led to gold prices in Kozhikode plummeting to Rs.2,942 per gram on the 7th.
    • Safe-haven demand for the metal surged with the US-North Korean diplomatic relations deteriorating. Strong demand coupled with positive global cues led to gold prices rebounding to Rs.2,977 per gram on the 12th.
    • With domestic jewellers, retailers and industries ramping up purchases to meet the local festive demand, gold rates in Kozhikode surged to Rs.2,989 per gram on the 13th amid the firm trends.
    • However, with the US dollar index and equity markets recovering from the previous days’ losses, demand for the metal plunged. The precious metal was recorded trading at Rs.2,952 per gram on the 28th.
    • When trading concluded for the month, the bullion prices were recorded trading at Rs.2,942 per gram on the 31st after a weak trend overseas led to reduced demand for the yellow metal.
    • Gold prices in Kozhikode witnessed a drop of 0.40% as poor overseas cues led to a decline in demand for the precious metal.

    Gold Rate Trend in Kozhikode for November 2017:

    • The month began in Kozhikode with the bullion prices holding at Rs.2,942 per gram on the 1st with steady demand from the previous month.
    • However, with the US dollar index gaining against a basket of other emerging currencies in the international market, gold rates plunged to Rs.2,932 per gram on the 4th.
    • Demand for safe-haven assets such as gold surged significantly with tensions rising in the Middle East. The resulted in gold being priced at Rs.2,941 per gram on the 7th amid firm trends overseas.
    • The poorly performing dollar coupled with the losing equities led to an increased demand from local industries, retailers and industries. This led to gold rates rising to Rs.2,986 per gram on the 18th.
    • However, with the US greenback recovering from the previous days’ losses amid the strengthening equity markets, gold prices plunged to Rs.2,955 per gram on the 23rd.
    • The month ended with the bullion priced at Rs.2,937 per gram on the 30th after the strong US dollar led to a decline in demand for the metal.
    • Gold trade in Kozhikode recorded a loss of 0.16% in gold prices owing to poor trends overseas that pushed demand lower for the metal during the course of the month.

    Gold Rate Trend in Kozhikode for December 2017:

    • The last month of the quarter commenced with gold trading as low as Rs.2,921 per gram on the 1st following a steep decline in domestic demand amid weak global cues.
    • With the landmark US tax reform bill facing uncertainties in the US Senate, the US dollar rates fluctuated considerably during the first week.
    • The 8th saw gold rates holding at Rs.2,877 per gram before dropping further to Rs.2,862 per gram - the lowest recorded weekly figure - on the 9th amid the strengthening US dollar and equity markets.
    • Poor global cues coupled with reduced domestic demand resulted in gold rates plummeting to Rs.2,816 per gram on the 16th.
    • However, with traders and stockists mulled over by the ultimate outcome of the US tax bill on the country’s economy, the US dollar decline. This led to an increase in demand for the safe-haven asset and gold rates rebounded to Rs.2,858 per gram on the 24th.
    • With the bullion rates hitting one-month highs in the international markets, gold prices rose to Rs.2,909 per gram on the 29th amid the firm trends overseas.
    • When trading concluded for the month, the precious metal was recorded trading at Rs.2,909 per gram on the 31st with steady demand from local industries, retailers and jewellers amid the positive trends overseas..
    • Gold prices in Kozhikode plunged by 0.41% due to the poor global cues that influenced domestic demand during the course of the month.

    Gold Rate Trend in Kozhikode for July 2017 to September 2017 (per gram of 24 karat gold)

    Factor July August September
    1st day Rs.2,950 per gram Rs.2,931 per gram Rs.2,997 per gram
    Last day Rs.2,920 per gram Rs.2,965 per gram Rs.3,040 per gram
    Highest price Rs.2,950 per gram on 1 July Rs.2,980 per gram on 29 August Rs.3,100 per gram on 8 September
    Lowest price Rs.2,800 per gram on 14 July Rs.2,900 per gram from 5 to 8 August Rs.2,997 per gram on 1 September
    Trend Decline Incline Incline
    Change -1.01% 1.16% 1.43%

    Gold rate trend in Kozhikode for July 2017

    • In Kozhikode, the month began with the yellow metal trading at Rs.2,930 per gram.
    • Prices hit the highest recorded monthly figure at Rs.2,970 per gram on the 3rd, owing to an increased global demand from industries, jewellers and retailers.
    • Local demand declined during the first week despite positive global cues, and the precious metal was trading at Rs.2,900 per gram on the 8th.
    • Gold rate in Kozhikode plunged to Rs.2,796 per gram - the lowest recorded monthly figure - on the 14th, as demand declined gradually against a well performing dollar.
    • The US dollar, however, collapsed as the US-North Korean diplomatic relations deteriorated. This led to gold rate in Kozhikode surging to Rs.2,860 per gram on the 27th.
    • The US economy tanked with the dollar hitting a 13-month low on the 31st, pushing gold prices higher to Rs.2,872 per gram on the last day.
    • Kozhikode witnessed gold rates decline at 1.97% during the month, due to poor local demand despite positive global trends.

    Gold rate trend in Kozhikode for August 2017

    • When trading commenced in Kozhikode, gold was recorded trading at Rs.2,882 per gram on the 1st.
    • On the 5th, gold price in Kozhikode plunged to Rs.2,840 per gram as recovery of the US dollar coupled with the US central bank meetings resulted in a reduced global demand for the metal.
    • The rest of the month saw gold trade flourish as the US-North Korean conflicts took centre-stage. This led to an increase in demand safe-haven assets like gold, and gold was trading at Rs.2,924 per gram on the 11th.
    • Steady local demand coupled with strong global cues resulted in the yellow metal being priced at Rs.2,958 per gram on the 30th.
    • The precious metal was priced at Rs.2,941 per gram on the 31st, when trading concluded for the month.

    Gold rate trend in Kozhikode in September 2017

    • In Kozhikode, gold opened trading at Rs.2,941 per gram on the 1st of September.
    • The 9th witnessed the yellow metal prices surging to Rs.3,038 per gram - the highest recorded monthly figure - after the Kim Jong-Un regime announced their most powerful two-stage thermonuclear weapon to the world. This led to investors gravitate towards investments consider safer like gold, subsequently, increasing the demand.
    • However, the US economy recovered over the next few days, and gold was trading at Rs.2,961 per gram on the 21st.
    • The 27th, however, witnessed gold rate in Kozhikode rising to Rs.2,975 per gram as local demand surged with the arrival of the festive season.
    • When trading concluded for the month, gold rates plunged to Rs.2,954 per gram with the dollar gaining against other major emerging currencies.
    • Gold prices in Kozhikode inclined at 0.44% owing to the rising geopolitical tensions in the Korean peninsula, and arrival of the festive season.

    Gold Rate Trend in Kozhikode for April 2017 to June 2017 (per gram of 24 karat gold)

    Factor April May June
    1st day Rs.2,920 per gram Rs.2,935 per gram Rs.2,915 per gram
    Last day Rs.2,935 per gram Rs.2,915 per gram Rs.2,930 per gram
    Highest price Rs.3,000 per gram from April 22 to23 Rs.2,935 per gram from 1 to 2 May Rs.2,945 per gram from 7 to 12 June
    Lowest price Rs.2,920 from April 1 to 3 Rs.2,885 per gram from 4 to 9 May Rs.2,800 on 23 June
    Trend Incline Decline Incline
    Change 0.51% -0.68% 0.51%

    Gold rate trend in Kozhikode for April 2017

    • The gold rate in Kozhikode was steady for the month of April, opening at Rs.2,920 per gram on 1 April.
    • The demand for gold increased due to a weak U.S. dollar and also due to an increase in the local demand. The gold rate was more or less steady which did not reflect any significant rise or dip in the prices.
    • The gold rate in Kozhikode on 19 April rose to Rs.2,990 per gram. The fluctuating market in Europe encouraged investors to turn towards the yellow metal.
    • As the U.S. dollar grew stronger towards the end of the month, it increased the gold rate to Rs.3,000 per gram on 23 April.
    • At the end of the month, the gold rate in Kozhikode had a 0.51% incline in the value.

    Gold rate trend in Kozhikode for May 2017

    • The gold price in Kozhikode on 1 May started at Rs.2,935 per gram in Kozhikode which was steady throughout the month, however, the GST concerns over the bullion rate caused a decline in the demand for gold towards the end of the month.
    • The conflicting cues from the U.S. market and a fluctuating dollar rate contributed to the dip and rise of the gold rate taking it to Rs.2,865 per gram on 11 May.
    • The local demand for gold kept the rate at Rs.2,925 per gram on 23 May in spite of a fluctuating U.S. dollar rate.
    • The gold rate had an overall decline of 0.68% in the value resulting from the opening of Rs.2,935 and ending at Rs.2,915 per gram on the last day of May.

    Gold rate trend in Kozhikode for June 2017

    • The gold price in Kozhikode on 1 June was at Rs.2,915 per gram in Kozhikode, showing an incline in the demand for gold.
    • The local demand for gold increased and rose to Rs.2,945 per gram from 7 to 12 June due to the upcoming implementation of GST norms.
    • The unsteady U.S. dollar rate and a certain other political factors declined the demand for gold which reduced the price to Rs.2,800 per gram on 23 June.
    • The gold price in Kozhikode for the month of June had an incline of 0.51% in the value.

    Gold Rate Trend in Kozhikode for January 2017 to March 2017 (per gram of 24 karat gold)

    Factor January February March
    1st day Rs.2,815 per gram Rs.2,945 per gram Rs.2,960 per gram
    Last day Rs.2,945 per gram Rs.2,960 per gram Rs.2,920 per gram
    Highest price Rs.2,970 per gram from 23rd to 26th Rs.2,960 per gram from 18th to 28th Rs.2,960 per gram from 1st to 13th March
    Lowest price Rs.2,815 per gram from 1st to 3rd Rs.2,945 per gram from 1st to 17th Rs.2,890 per gram from 14th to 21st March
    Trend Incline Incline Decline
    Change 4.61% 0.50% -1.35%

    Gold Rate Trend in Kozhikode for January 2017:

    • Kozhikode, like its neighbouring city Kochi, saw some good gold trends for the month of January.
    • On the 1st of January 2017, gold was trading at Rs.2,815 per gram.
    • The month was extremely good for trading as more cash was available in the economy after a debacle of a Q4 in 2016.
    • Rates remained unchanged till the 3rd, before going up to Rs.2,845 per gram on 4th and then to Rs.2,860 per gram on 5th as demand increased.
    • As there was no change in local demand, gold prices continued at Rs.2,960 per gram till the 10th of the month.
    • Prices of gold went up to Rs.2,880 per gram on 11th and increased over the next few days to close at Rs.2,950 per gram when the 20th came to an end.
    • Gold hit its highest rate for the entire month on 23rd January, when it was trading at Rs.2,970 per gram.
    • Price trends in January saw inclined at a rate of 4.61% during the first month of January.

    Gold Rate Trend in Kozhikode for February 2017:

    • February again was a good month for gold trading despite the fact that demand went down slightly when compared to January.
    • On 1st February, gold was priced at Rs.2,945 per gram.
    • As there was a sustained demand in the domestic market, the US Fed rate hike didn’t influence gold rates in the city by much.
    • Bullion trading prices stood at Rs.2,945 per gram for the next 16 days, i.e., till the end of the 17th, thanks to enough demand from domestic traders, which help stave off international pressure.
    • On 18th, gold rates went up to Rs.2,960 per gram, as demand went up slightly.
    • For the next 10 days, till the end of the month, gold prices stood at Rs.2,960 per gram as demand was holding steady.
    • This rate, as seen from 18th to the 28th, was the highest gold rate for the entire month.
    • Gold price trends in Kozhikode changed at a rate of 0.50% for the month of February.

    Gold Rate Trend in Kozhikode for March 2017:

    • Even though the previous two months witnessed some good gold trading, March turned out to be a bit of a bad period as demand took a hit.
    • During this month, the US Federal Reserve increased the interest rate for the second month in a row, which caused gold prices to plummet.
    • On the 1st of March, gold was priced at Rs.2,960 per gram and continued at the same rate till the 12th of the month.
    • This rate happened to be the highest gold price for the month as demand went down over the next few days.
    • After a relatively positive trading period, gold prices went down to Rs.2,890 per gram on 13th as US dollar strengthened significantly.
    • Gold rate seen on the 13th was the lowest for the month and also the entire quarter.
    • By the end of the month, however, gold prices rallied to finish at Rs.2,920 per gram.
    • Gold price trends changed at a rate of -1.35% in March due to the lack of demand in the market, which was brought about by the US Fed rate hike.
    Factor October November December
    1st day Rs.3,115 per gram Rs.3,055 per gram Rs.2,905 per gram
    Last day Rs.3,055 per gram Rs.2,945 per gram Rs.2,815 per gram
    Highest price Rs.3,115 per gram from 1st to 4th Rs.3,135 per gram on 9th Rs.2,905 per gram on 1st and 2nd
    Lowest price Rs.3,020 per gram from 8th to 11th Rs.2,930 per gram on 25th Rs.2,745 per gram on 16th
    Trend Decline Decline Decline
    Change -1.92% -3.60% -3.09%

    Gold Rate Trend in Kozhikode for October 2016

    • October 1st saw the highest gold trading prices in Kozhikode which stood at Rs.3,115 per gram.
    • However, prices fell over the next few days as they went down to Rs.3,020 on 9th.
    • The subsequent 10-day period saw gold prices pick up slightly as global demands seemed to increase.
    • Rates went up from Rs.3,020 per gram on 10th and to hit Rs.3,040 per gram by the 20th.
    • The next 10 days saw gold prices fluctuate a little bit before ending the month with trading price of Rs.3,055 per gram.

    Gold Rate Trend in Kozhikode for November 2016

    • Gold rate trend in Kozhikode followed a similar pattern to that of Kochi and the rest of the country.
    • During this month, when demonetisation was introduced, gold prices seemed to take a massive hit.
    • When November began, gold was trading at Rs.3,055 per gram and later increased to Rs.3,110 by the 6th.
    • Though prices slumped to Rs.3,080 per gram around the 8th, they rose significantly to Rs.3,135 per gram as demands surged by a huge margin.
    • The price surge was only temporary as gold sales plummeted due to the lack of money in the market.
    • When 20th approached, gold prices had gone down to Rs.3,070 per gram and went down furthermore during the coming days.
    • On 25th, prices went down to Rs.2,930 per gram, which was the lowest price for the entire month.
    • Prices gained slightly towards the end of the month to close at Rs.2,945 per gram.
    • Overall, gold rate trend change by a heavy margin of -3.60% in November.

    Gold Rate Trend in Kozhikode for December 2016

    • The last month of the quarter began with gold trading at Rs.2,905 per gram - making it the highest gold price for the month.
    • Price decrease was apparent from the first week on as it was down to Rs.2,840 per gram by the 9th.
    • Prices were further down to Rs.2,810 per gram by the 10th and went down a little more to hit the lowest rate for the month - Rs.2,745 per gram - on the 16th.
    • From then on, however, prices seem to gain albeit at a marginal rate to hit Rs.2,770 per gram by the 20th.
    • When the last week of 2016 arrived, prices had recovered considerably due to Christmas and New Year to end the year at Rs.2,815 per gram.
    • December saw gold price trends in Kozhikode by -3.09%.
    Factor July August September
    1st day Rs.3,000 per gram Rs.3,092 per gram Rs.3,130 per gram
    Last day Rs.3,092 per gram Rs.3,130 per gram Rs.3,135 per gram
    Highest price Rs.3,167 per gram on 16th and 17th July Rs.3,140 per gram from 26th-30th August Rs.3,160 per gram on 7th, 25th and 26th September
    Lowest price Rs.3,000 per gram on 1st July Rs.3,092 per gram on 1st August Rs.3,120 per gram on 2nd and 19th September
    Trend Increase in price Increase in price Increase in price
    Change +3.06% +1.22% +0.15%

    Gold Rate Trend in Kozhikode for July 2016

    • Gold traded at Rs.3,000 per gram at the start of the month and steadily climbed to Rs.3,030 by 4th July on strong cues from the international market.
    • Gold sold at Rs.3,065 per gram on 6th July but prices fell as the week progressed as demand dropped domestically.
    • Prices were more or less stable the following week, with gold trading at Rs.3,035 per gram on 14th July before rising to the month’s high of Rs.3,167 on 16th-17th July.
    • Prices slipped as demand dropped due to a resurgent market, with gold trading at Rs.3,060 per gram on 25th July.
    • Prices inched higher to close at Rs.3,092 at the end of the month.

    Gold Rate Trend in Kozhikode for August 2016

    • Gold was priced at Rs.3,092 per gram, rising to Rs.3,132 per gram as the week progressed.
    • Prices dipped slightly as demand slid following a strong market run overseas which impacted domestic demand.
    • Gold traded at Rs.3,125 per gram on 14th August with prices reaching a high of Rs.3,135 per gram for the rest of the week.
    • A flagging Dollar led to an increase in demand for gold, with prices touching Rs.3,140 per gram on 24th August.
    • Prices settled to Rs.3,130 on the last day of August due to muted demand.

    Gold Rate Trend in Kozhikode for September 2016

    • Gold traded at Rs.3,130 per gram at the start of the month, with the price falling slightly at the end of the week.
    • The price recovered as demand rose, with gold trading at Rs.3,160 per gram on 7th September before stabilising at Rs.3,145 per gram on 9th September.
    • Prices remained stable for the week at Rs.3,145 per gram as demand was stagnant.
    • The price fell as markets strengthened in the fourth week, with prices dropping to Rs.3,120 per gram on 19th September before rising to Rs.3,160 per gram as domestic demand rose.
    • Prices fell to Rs.3,135 per gram as the month ended.
    Factors April May June
    1st day Rs. 2,872 per gram Rs. 3,025 per gram Rs.2,895
    Last day Rs. 3,025 per gram Rs. 2,895 per gram Rs.2,990
    Highest price Rs. 3,025 per gram on 30 April. Rs. 3,035 on 2 May. Rs.3,050 per gram on 25th to28th June
    Lowest price Rs. 2,852 per gram on 4 April. Rs. 2,885 per gram on 30 May. Rs.2,895 per gram on 1st to 8th June
    Trend Rising Decline Rise
    Change +5.32% -4.25% +3.28%

    Gold Rate Trend in Kozhikode in April 2016

    • A rise in the price of gold was noticed in the month of April.
    • A rise of 5.32% was noted with the highest being Rs. 3,025 per gram on the last day of the month.
    • There were quite a few fluctuations in the rate of gold during the month.

    Gold Rate Trend in Kozhikode in May 2016

    • During the month of May, a decline was witnessed in the price of gold.
    • This may be attributed to the expectations of rise in interest rates by the U.S.
    • A decline of 4.25% was noted in the price of gold from the beginning to the end of the month.

    Gold Rate Trend of Kozhikode in June 2016

    • Gold traded low at Rs.2,895 at the start of the month as the global market dipped.
    • Prices stayed steady through the month of June with a slight incline of 3.28%.
    • The highest recorded rate was Rs.3,050 by 25th June as there was a renewed offtake in the domestic market.
    Factors January February March
    1st day Rs. 2,507 per gram Rs. 2,685 per gram Rs. 2,872 per gram
    Last day Rs. 2,685 per gram Rs. 2,872 per gram Rs. 2,872 per gram
    Highest price Rs. 2,685 per gram on 31 January. Rs. 2,872 per gram on 29 February. Rs. 2,907 per gram on 9 March.
    Lowest price Rs. 2,507 per gram on 1 January. Rs. 2,685 per gram on 1 February. Rs. 2,822 per gram on 29 March.
    Trend Rising Rising No change
    Change +7.10% +6.96% 0

    Gold Rate Trend in Kozhikode in January 2016

    • Gold traded at Rs. 2,507 per gram at the beginning of the month and increased as the month progressed.
    • Although there were minor fluctuations, the opening and closing rates did not have a large difference between them.
    • A rise in the prices was the trend observed.

    Gold Rate Trend in Kozhikode in February 2016

    • A rise of 6.96% was witnessed in the rate of gold during the month of February.
    • Wedding season and other necessities for gold could be the reason for the rise.
    • Gold traded at Rs. 2,872 per gram on 29th February, which was the highest for the month.

    Gold Rate Trend in Kozhikode in March 2016

    • During the month of March,there were very minor fluctuations in the rate of gold.
    • The highest was observed on 29th of March wherein the rate was Rs. 2,907 per gram.
    • There was however no change at the beginning and the end of the month as rates were the same on the 1st of March and 31st of March.

    Gold Investment Opportunities In Kozhikode

    Kozhikode with its love for gold, both for festivities and as well as form of storing wealth is considered quite popular here. The amount of gold a family holds boils down to the fact that it is straightforward indicator of how prosperous a family is. But besides of holding gold as wealth here are some of the important factors that may give one a clear idea about what the opportunities of investment for gold in Kozhikode are:

    Physical Gold: If you are buying gold in Kerala and specifically in Kozhikode, there are an array of options in jewellery to choose from. you also have the option of gold coins, that are quite popular because they come with purity certifications to avoid being cheated on.Besides jewellers in Kozhikode you can also buy gold from banks available at denominations based on your appetite for gold investment. Gold ornaments that are popular here include anklets, chains, earrings, nose rings, amulets and rings that serve dual purposes of investment or wealth and ornamentation. A lot of families that are prosperous might consider Gold statues of gods and goddesses as a form of gift with such demands surging around festivities in the area during Pongal and Diwali. Note, that gold in banks are considered to be a little more expensive. But you get branded gold that comes with purity certifications. Kalyan Jewellers is a well known jewellers all over Kozhikode.

    Market Trade: In Kozhikode people also invest in gold through the precious metal markets, with opportunities for trade in the National Commodity, National Multi Commodity Exchange, and Derivatives Exchange as well as the Multi Commodity Exchange. This is perfect for people who are willing to purchase in bullion with a minimum limit for trading at 1 kg. Also, people, inc current times should be aware how gold market functions especially based on the influence it has from global financial cues such as stock market, data releases, etc.

    Also Check Gold Price in NearBy Cities of Kozhikode

    Read more on Gold

    News About Kozhikode Gold Rate

    • Prices of gold increase in India on 12 May 2020 after falling for two consecutive days

      After falling for two days in a row, the prices of gold increased in India on 12 May 2020, tracking prices in the international markets.

      Gold futures prices for the month of June on MCX increased by 0.28% and are at Rs.45,911 for 10 grams. In the international markets, the prices of gold were flat after falling for two days in a row. The prices of gold were supported due to the fear of the second wave of coronavirus infections. The strong dollar did not affect the prices of gold as well. Spot gold prices in the international markets remained unchanged and are at $1,695.75 for an ounce. The value of the dollar hit a two-week high, making the prices of gold costlier for other currency holders. According to the Head of Commodity at Geojit Financial Services, gold prices remained steady as it is considered as a safe haven due to the fears of a global recession and the several measures that have been introduced by Central Banks to help the economy because of the coronavirus outbreak. China has also reported its initial cluster of infections since the lockdown has been lifted. Gold prices in India are inclusive of 3% GST and 12.5% import duty.

      12 May 2020

    • Gold futures prices reduce in India for the fourth consecutive day

      Gold futures prices for the month of June on MCX reduced by 0.6% on 1 April 2020 and is at Rs.42,693 for 10 grams. After today’s decline, the prices of gold have reduced for the fourth day in a row.

      In the previous session, gold prices reduced by Rs.400 for 10 grams. From 30 March 2020, trading of commodity derivatives in India reduced to 8 hours. In the international markets, the prices of spot gold increased by 0.4% and are at $1,577.8 for an ounce. A weak dollar ensured that the prices of spot gold increased. In the previous session, the prices of spot gold decreased by 3%. According to various analysts, the yellow metal is under pressure from a low demand due to high prices. The Chinese gold market has been frozen because of the coronavirus outbreak. The demand for gold in India has also been affected because of the lockdown. According to a note from Kotak Securities, due to the restrictions that have been imposed because of the lockdown, the demand for gold has been low. The note further added that the trading for the yellow metal may be choppy due to the increased risk of the virus. However, this may result in more measures being introduced by central banks and governments. Gold prices in India are inclusive of 12.5% import duty and 3% GST.

      1 April 2020

    • Prices of gold increase after falling by Rs.1,800 for 10 grams in one day

      Following last week’s reduction in prices, gold rates in India rebounded on 16 March 2020. Gold futures prices for the month of April on MCX increased by 1.5% and are at Rs.40,460 for 10 grams.

      In the previous session, the prices of gold had fallen by Rs.1,800. Over the last four consecutive sessions, the prices of gold have fallen. Gold rates in the country increased because of a weaker rupee and an advance in the international markets. Gold prices in India are inclusive of 3% GST and 12.5% import duty. In the international markets, gold rates jumped by almost 3% before showing gains. The main reason for the increase in prices was the interest rate cuts by the Federal Reserve. Gold prices increased by almost $45 and are at $1,575.47 for an ounce. Gold is considered as a safe-haven in case the markets are down. However, last week the prices of gold fell the most when compared to the last 30 years. Gold rates fell by 8.6% by the end of last week. According to many analysts, they expect the yellow metal to benefit from fiscal stimulus and global monetary.

      16 March 2020

    • Gold prices fall marginally after hitting 7-year high

      The value of gold declined marginally on Tuesday due to the fact that investors gained from an increase through a 7-year high over the course of the previous session. Equities regained marginally, but an increase in the COVID-19 cases outside the country of its origin led to bullion losses. The value of spot gold declined to $1657.40 per ounce, marking a fall of 0.2% from the previous session. US gold futures also recorded a decline, falling to $1658.60 per ounce and marking a decrease of 1.1%. According to OANDA’s senior market analyst, Jeffrey Halley, S&P futures increased while the opening of the session saw regional stock markets at higher levels than the previous session. He added that it was the reason that gold faced temporary selling pressure. He went on to say that bargain hunters are now coming in to purchase gold, adding further that the concerns regarding coronavirus, that it is spreading and turning into a global issue, has also affected gold prices around the world.

      25 February 2020

    • Prices of gold fall sharply on 31 January 2020

      Prices of gold in India fell sharply on 31 January 2020 due to low global demand. Gold futures prices for the month of February reduced by 0.85% and touched Rs.40,630 for 10 grams.

      In the previous session, the prices of gold had increased by 1.7%. In the international markets, the prices of gold reduced on 31 January after the activity of Chinese manufacturing and services were steady this month. However, the coronavirus concerns and its impact on the economy showed downside support for gold. Spot gold prices in the international markets reduced by 0.1% and touched $1,571.77 for an ounce. However, for the month of January, the prices of gold have increased by 3.5%. On 30 January 2020, the World Health Organisation declared the coronavirus as a global emergency. However, they did not recommend any restrictions on trade or travel with China. The death toll of the virus has increased to 213 and the confirmed cases in China have increased to over 9,692. Gold traders in India will keep an eye on the Union Budget that will be presented on 1 February 2020. Last year, the import duty was increased by the government from 10% to 12.5%. The demand for gold in India has been hurt by the slow economy and high prices. Earlier in January, gold prices hit a new high of Rs.41,293 for 10 grams.

      31 January 2020

    • Gold prices slip for the second time in three days

      Tracking muted global cues, gold prices slipped in the country for the second time in the last three days. Gold futures for February fell by 0.26% on the Multi Commodity Exchange (MCX) to cost Rs.38,009 for every 10 grams. The prices of spot gold were down by 0.1% to cost $1,478 per ounce.

      In the global market, the rates of the yellow metal edged lower amid increased risk appetite after the US treasury secretary informed that Washington and Beijing would sign the phase one trade pact in early 2020. As per analysts, gold is expected to remain in range in the near term given the fact that investors await clarity and fresh triggers from key economic data.

      It must be noted here that the Indian government had earlier in the week imposed restrictions on import of precious metals given the increased inward shipments of gold. The imports of gold saw an increase of 6.6% to 2.94 billion in November from $2.76 billion a year ago.

      20 December 2019

    • Price of gold down by Rs.179 and silver prices dip by 0.5%

      Gold prices declined steadily on 21 November to Rs.38,275 per 10 grams, recording a decline of Rs.179 in Mumbai due to a strong rupee. Apart from this, renewed optimism in the trade talks also led to the investors shifting back to the stock market after Chinese officials mentioned that they will work to reach an agreement with the United States of America on the ongoing trade talks.

      22-karat gold was priced at Rs.35,043 per 10 grams along with a 3% GST whereas 24-karat gold was priced at Rs.38,275 per 10 grams plus GST. Silver prices on the dipped by Rs.240 to be priced at Rs.44,720 per kg compared to the closing price on 20 November.

      In the futures market, gold touched an intraday high of Rs.38,193 per 10 grams and an intraday low on the Multi Commodity Exchange at Rs.38,020 per 10 grams. For the December lots, the precious metal hit a low of Rs.32,289 per 10 grams and a high of Rs.40,771 per 10 grams.

      Gold futures for delivery in December dipped marginally by 0.2% or Rs.76 to be priced at Rs.38,079 per 10 grams for a business turnover of 9,635 lots in the evening trade. On the other hand, contracts for February delivery decreased by Rs.58 to Rs.38,164 per 10 grams, resulting in a percentage dip of 0.15. this was for a business turnover of 11,099 lots.

      25 November 2019

    • Gold and Silver prices rise after falling sharply

      The price of gold in Indian markets rose showcasing a weak global trend. The gold prices rose 0.22% to Rs.38,396 per 10 grams, after falling Rs.263 in the previously.

      The prices of silver also rose by 0.5% to Rs.46,622 per kg. The global prices of gold also fell after there was optimism regarding a new trade deal being signed by U.S. and China. Apart from that, the strong economic data from U.S also increased the appetite for risk, thus putting pressure on Gold.

      Spot gold fell 0.1% to $1,511.42 per ounce, while U.S. gold futures were up 0.2% at $1,513.90 per ounce.

      4 November 2019

    • Gold ease after China opens to a partial trade deal with U.S

      Gold prices edged lower after reports that China was still open to a possibility of a partial trade deal with U.S.

      Spot gold eased 0.2% to $1,501.91 per ounce, while U.S. gold features rose 0.2% to $1,507.20 per ounce.

      A report by Bloomberg stated that China was open to the possibility of agreeing a partial trade deal with U.S. The European stocks also moved sharply due to the news.

      U.S. on Tuesday imposed sanctions on Chinese officials for detaining and abusing Muslim minorities. The U.S. President Donald Trump made it clear that tariffs on Chinese imports will rise on October 15 if no action is taken by the Chinese government.

      The investors are also closely keeping an eye on the U.S. Federal Open Market Committee’s minutes from its September meeting at 1800 GMT, which will provide them a clue regarding the further easing of monetary policy.

      10 October 2019

    • Gold prices climb to Rs.39,020 per 10 grams

      On Tuesday, gold prices rose by Rs.330 to cost Rs.39,020 for every 10 grams in the national capital. HDFC Securities stated that the increase in the prices was in expectation of pick up in festive demand. It must be noted here that the rates for 24 karat gold had closed at Rs.38,690 for every 10 grams on Monday. In the international oil market, the prices of the yellow metal were trading flat with gold quoting $1,522.60 an ounce in New York. Silver prices also moved up today with every kilogram costing Rs.48,720. The rates increased by Rs.730 since the previous trade. In New York, silver was trading $18.57 per ounce.

      24 September 2019

    • Gold prices continue to decrease in India

      Based on the global trend, gold and silver prices continued to decrease in India on 12 September 2019. Gold futures October on MCX were trading by less than Rs.2,000 when compared to last week.

      The high and low prices that gold was trading were Rs.37,947 and Rs.37,788 for 10 grams, respectively. Last week, gold prices hit an all-time high of Rs.39,885 for 10 grams. Silver prices were also trading Rs.4,000 lesser when compared to last week. On 12 September 2019, silver was trading at Rs.47,500 for a kg. Last week, silver hit an all-time high and was trading at Rs.51,489 for a kg. Some of the factors for the decrease in prices are an improvement in trade talks between the US and China and a stronger rupee. In the global market, spot gold reduced by 0.2% and hit $1,494 for an ounce. Gold futures in the US decreased by 0.1% and hit $1,501.70 for an ounce. US and China will meet in October to continue their trade talks. Market watchers are also paying attention to the US Federal Reserve and the European Central Bank’s meeting. The strength of the Indian rupee also plays a vital role in gold prices. A strong Indian rupee reduces the prices of the metal. Any change in gold prices usually affects silver prices as well.

      13 September 2019

    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.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.