Gold Rate In Trivandrum

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Gold Rate in Trivandrum

Trivandrum, the capital of Kerala, is among the largest markets for gold in the country. The city has been a large consumer of gold from ancient times, and is known for the riches in gold in the famed Padmanabhaswamy Temple. The rulers of Kerala had always had an affinity toward gold which was also seen in the large populace. Gold rate in Trivandrum is therefore a benchmark of the gold rate trends in whole of Kerala.

Gold is primarily consumed in the form of jewellery and ornaments in Trivandrum. The city has a well-established gold market and also boasts of a large manufacturing industry that is intrinsic to Kerala. There are many dealers and jewellers based out of the city who have made a mark in both the national as well as global gold markets.

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

Factor	January	February	March
1st day	Rs.2,924 per gram	Rs.2,961 per gram	Rs.2,956 per gram
Last day	Rs.2,940 per gram	Rs.2,956 per gram	Rs.2,966 per gram
Highest price	Rs.3,015 per gram on 25 January	Rs.2,993 per gram on 19 February	Rs.3,008 per gram on 28 March
Lowest price	Rs.2,909 per gram on 5 January	Rs.2,919 per gram on 8 to 12 February	Rs.2,945 per gram from 16 to 19 March
Trend	Incline	Decline	Incline
Change	0.54%	-0.16%	0.33%

Gold Rate Trend in Trivandrum 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 Trivandrum For October 2017:

• When trading opened in Trivandrum, gold was priced at Rs.2,954 per gram on the 1st of October.
• Demand remained low despite the imminent arrival of festive season during the month. This led to gold rate in Trivandrum plummeting to Rs.2,942 per gram on the 2nd with poor domestic demand for the metal.
• The rising tensions between the US and North Korea led to an increased demand for safe-haven assets such as gold. The precious metal was recorded trading at Rs.2,977 per gram on the 12th.
• Local demand surged with jewellers and retailers ramping up purchases ahead of the festive season. This led to gold price in Trivandrum rising to Rs.2,989 per gram on the 17th.
• The next few days witnessed gold rates plunging against the strengthening US dollar and rising equity markets. The bullion was recorded trading at Rs.2,952 per gram on the 28th amid the poor trend overseas.
• The month concluded with gold trading at Rs.2,942 per gram on the 31st with reduced domestic demand brought about by the strong US dollar index.
• Trivandrum saw gold rate in Trivandrum declining by 0.40% amid the uneven global cues and poor local demand during the course of the month.

Gold Rate Trend In Trivandrum For November 2017:

• The month began with the precious metal trading at Rs.2,942 per gram on the 1st with the US dollar recovering from the previous week’s losses.
• Gold price in Trivandrum plunged to Rs.2,932 per gram on the 4th with local demand taking a hit amid the strengthened US dollar and firmer equities.
• Gold rates, however, picked up with the political uncertainties in the Middle East pushing demand higher for safe-haven assets. The yellow metal was priced at Rs.2,941 per gram on the 7th.
• Strong demand by local jewellers, industries and retailers amid the positive trends overseas led to gold rates rising to Rs.2,986 per gram on the 18th.
• With the US economy recovering from the initial loss, the dollar gained against a basket of other emerging currencies. This led to gold price in Trivandrum plunging to Rs.2,955 per gram on the 23rd.
• The month ended with the bullion trading at Rs.2,937 per gram on the 30th with low but steady demand for the metal.
• Poor domestic demand brought about by the uneven global trends led to gold trade in Trivandrum decline by 0.16% during the course of the month.

Gold Rate Trend In Trivandrum For December 2017:

• The first week on December saw gold rate in Trivandrum greatly influenced by the ongoing sessions in the US Senate for approval of the landmark Republican tax bill.
• Gold was priced at Rs.2,921 per gram on the 1st when the week began.
• The US dollar spiked with the approval of the country’s biggest tax reform bill in thirty years. This led to gold rate in Trivandrum plunging to Rs.2,877 per gram on the 8th before dropping further to Rs.2,862 per gram on the 9th.
• Reduced local demand brought about the poor trends overseas led to gold being priced at Rs.2,816 per gram – the lowest recorded monthly figure – on the 16th.
• However, the US dollar lost its ground with investors and traders speculating over the final result of the landmark tax bill on the US economy. The metal was priced at Rs.2,858 per gram on the 24th.
• The strong global trends coupled with an increased domestic demand from jewellers, industries and retailers led to gold rate in Trivandrum rising to Rs.2,909 per gram on the 29th.
• When trading concluded for the month, the bullion was recorded trading at Rs.2,909 per gram on the 31st with steady demand for the precious metal.
• Trivandrum recorded a loss of 0.41% due to the poor international trends that pushed local demand lower for the metal.

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

Factor	July	August	September
1st day	Rs.2,950 per gram	Rs.2,926 per gram	Rs.2,995 per gram
Last day	Rs.2,925 per gram	Rs.2,971 per gram	Rs.3,040 per gram
Highest price	Rs.2,950 per gram on 1 & 2 July	Rs.2,999 per gram on 29 August	Rs.3,102 per gram from 8 September
Lowest price	Rs.2,796 per gram on 14 July	Rs.2,899 per gram on 3 August	Rs.2,995 per gram on 1 September
Trend	Decline	Incline	Incline
Change	-0.84%	1.51%	1.50%

Gold rate trend in Trivandrum for July 2017

• When trading commenced for the month, the yellow metal was recorded trading at Rs.2,930 per gram.
• On the 3rd, gold price in Trivandrum surged to Rs.2,970 - marking the highest recorded monthly figure - which continued on to the 5th with steady and sustained demand from local jewellers and industries.
• The newly approved 3% GST led to gold trade decline significantly. This led to gold rate in Trivandrum decline to touch the lowest monthly recorded figure of Rs.2,796 per gram on the 14th.
• Demand, however, picked up as the month progressed owing to a low dollar value. This resulted in the precious metal trading at Rs.2,860 per gram on the 27th.
• The US economy tanked with the dollar hitting a 13-month low on the 31st, pushing demand higher for the yellow metal.
• The month concluded with the bullion priced at Rs.2,872 per gram on the 31st. Gold rate trends witnessed a decline of 1.97% as the introduction of GST in the country resulted in a reduced local demand for the metal.

Gold rate trend in Trivandrum for August 2017

• Gold was trading at Rs.2,882 per gram, when the month began in Trivandrum.
• Safe-haven investments surged with the geopolitical tensions rising in the Korean peninsula and the United States, pushing demand higher for the precious metal. This resulted in gold prices rising to Rs.2,924 per gram on the 11th.
• Gold rate in Trivandrum fluctuated for much of the month with the dollar recovering from the initial shock. and the metal was priced at Rs.2,913 per gram on the 28th.
• However, global demand picked up with the continued aggression between the US and North Korea, and the precious metal was priced at Rs.2,958 per gram on the 30th.
• Trading concluded in Trivandrum with gold trading at Rs.2,941 per gram following a decline in industrial demand.

Gold rate trend in Trivandrum for September 2017

• The bullion trade commenced with the precious metal trading firm at Rs.2,941 per gram in Trivandrum.
• Global markets tanked soon after North Korea announced their most powerful nuclear weapon test to the world. This led an increased global demand, subsequently, pushing prices higher to Rs.3,038 per gram on the 9th.
• However, firm equities market and a stronger dollar value resulted in the Asian demand declining. This led to gold rates recording at Rs.2,961 per gram on the 21st.
• The imminent arrival Dussehra pushed demand higher for the precious metal with increased buying in the domestic bullion trade. This led to gold trading at Rs.2,975 per gram on the 27th.
• The US dollar edged higher with the possibility of a new Fed rate hike by the Federal Reserve as the month came to an end, and the gold was recorded trading at Rs.2,954 per gram on the 30th.

Gold Rate Trend in Trivandrum 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 Trivandrum for April 2017

• Gold rates in Trivandrum began the month of April on a high, thanks to a drop in US dollar’s exchange rate.
• On the 1st of April, gold was trading at Rs.2,920 per gram.
• As the US market performance was prevalent for much of April’s first week, gold prices saw a considerable increase - with the metal trading as high as Rs.2,950 per gram on the 7th.
• Prices, however, declined to Rs.2,930 per gram on the 9th as the US dollar seemed to strengthen, thereby affecting the trading prices locally.
• The fall in prices didn’t last long as major geopolitical issues involving the US, Syria, and North Korea took hold of the market.
• Due to the aforementioned issue, prices went up to Rs.2,965 per gram on the 12th and went up by Rs.10 the next day to trade at Rs.2,975 per gram.
• Rupee rose by almost 6%, while gold prices increased by 12% during the year, which led to a the metal trading at a cheaper rate in the city.
• Gold prices reached their highest on the 22nd and the 23rd when it was trading at Rs.3,000, thanks to a steadily appreciating rupee.
• Demand for the metal fell towards the last few days of the month, which led to gold ending at Rs.2,935 per gram.
• Despite some falls during the latter half of April, gold prices increased by 0.51% for the month owing to some global and domestic factors.

Gold Rate Trend in Trivandrum for May 2017

• The first half of May was relatively sluggish with regards to gold trading prices as several markets flourished, while the US dollar also strengthened.
• On the 1st of May, gold was priced at Rs.2,935 per gram and went further down to Rs.2,855 per gram on the 4th as a result of this.
• Prices fell during the second and third week of May, meanwhile nearing 10-month lows in the international market.
• By the end of the 17th, gold prices had gone down to Rs.2,875 per gram but thanks to a drop in Asian markets, gold prices increased to Rs.2,915 per gram on the 18th.
• Rates remained in the sub-2,900 range and shuffled between Rs.2,915 per gram and 2,925 per gram during from the 23rd to the end of the month.
• On the last days of the month, gold was trading at Rs.2,915 per gram.
• Though there was consistent demand towards the end of May, gold price trends fell by 0.68% in Trivandrum.

Gold Price Trend in Trivandrum for June 2017

• Gold prices reached a monthly high in the international market at the beginning of the month. However, the same wasn’t reflected in local trading sessions.
• The month began with gold trading at Rs.2,915 per gram but increased as geopolitical concerns regarding North Korea and Syria led to the US markets underperforming.
• By the 8th of the month, gold prices had gone up to Rs.2,945 per gram buoyed by a weak dollar and a strong local demand.
• Rates recorded from the 7th to the 12th, i.e., Rs.2,945 per gram was the highest for the month.
• As the US dollar strengthened, gold prices consolidated towards the second half of the month.
• When the month came to an end, gold was seen trading at Rs.2,930 per gram.
• Gold price trends went up by 0.51% in Trivandrum during this month.

Gold Rate Trend in Trivandrum 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 the 23rd to 26th of January	Rs.2,960 per gram from the 18th of February to 28th of February	Rs.2,960 per gram from 1st to 13th of March
Lowest price	Rs.2,815 per gram from the 1st to 3rd of January	Rs.2,935 per gram on 14th and 15th of February	Rs.2,860 on 15th of March
Trend	Incline	Incline	Decline
Change	4.61%	0.50%	-1.35%

Gold Rate Trend for Trivandrum in January 2017

• Owing to low local demand for this precious metal, gold traded at Rs.2,815 per gram on the 1st of January in Trivandrum. This rate was noted until the 3rd of January.
• A slight improvement was noted in the price of gold thereafter with gold being priced at Rs.2,860 per gram from the 5th of January until the 9th of January after which it further rose to Rs.2,880 per gram.
• The price of gold continued to increase as the month of January progressed. Between the 23rd of January and 26th of January, gold traded at Rs.2,970 per gram due to heavy and sustained demand for this metal. This was also the highest at which gold traded for the month of January.
• On the last day of January, gold closed at Rs.2,945 per gram, recording a rise of 4.61% in the rate of gold in Trivandrum.

Gold Rate Trend for Trivandrum in February 2017

• Rate of gold was unusually stable during the month of February in Trivandrum due to steady demand for this metal from both domestic as well as international markets.
• The rate of gold was stable at Rs.2,945 per gram from the 1st of February to the 13th of February.
• The rate of this precious metal reduced by Rs.10 the next day to trade at Rs.2,935 per gram on the 14th and 15th of February after which it picked up. This was also the lowest at which gold traded for the month.
• From the 18th to the 28th of February, gold traded steadily at Rs.2,960 per gram. This was also the highest at which gold traded in Trivandrum during the month of February.

Gold Rate Trend for Trivandrum in March 2017

• Gold was priced at Rs.2,960 per gram on the 1st of March in Trivandrum. Due to steady demand, this rate was noted until the 13th of March.
• This demand however, could not be maintained and the rate of gold fell the next day to trade at Rs.2,890 per gram and reduced even further to trade at Rs.2,860 per gram on the 15th of March. This was also the lowest at which gold traded for the month.
• The price of gold recovered slightly after that to trade at Rs.2,880 per gram and then rose to Rs.2,890 per gram the next day and continued at this rate until the 21st of March.
• Towards the end of the month, gold traded steadily at Rs.2,920 per gram until the end of the week, with a few minor fluctuations, recording a decline of 1.35% in the price of gold.

Details of Gold Price in Trivandrum (22 Karat & 24 Karat) - Till September 2015

Gold rate in Trivandrum for the year 2015 (till September 30th) for both 22 karat and 24 karat varieties are discussed below:

22 karat gold (price per gram): Gold rate in Trivandrum for 22 karat purity was Rs.2,510 at the start of the year on 1st January 2015. Prices appreciated over the next 3 weeks and touched Rs.2,650 as on 21st January, the highest rate for the year so far. February saw a general downward slide in prices which started at Rs.2,640 and ended at Rs.2,500. In March, rates stayed at more or less the same level at the start and end of the month. Prices slid to sub-Rs.2,500 levels and reached a bottom of Rs.2,425 on 18th march, before recovering to Rs.2,462 by month-end. Prices appreciated in the months of April and May, with per gram gold priced at Rs.2,535 on 31st May. June again saw a downward slide in prices which bottomed out at Rs.2,485 by 30th June. July saw massive drop in rates owing to global cues and prices slid to Rs.2,360 by end of the month. August saw steep recovery in rates which touched Rs.2,560 on 25th August. Gold prices in September were stable, with end of month price at Rs.2,460.

24 karat gold (price per gram): 24 karat gold rate was priced at Rs.2,713 at the start of the year. This increased steeply over the next few days to reach Rs.2,859 on 22nd January, the highest rate so far in 2015. From then, prices went on a downward spiral and reached a low of Rs.2,617 on 19th March. Prices then appreciated over the next couple of months and touched Rs.2,791 on 19th May, the 2nd highest gold rate this year. Prices remained at the same levels in the month of June, while July saw the most sustained drop in gold rates in the last 5 years. Prices bottomed out on August 7th at Rs.2,504 but made a comeback to end the month at Rs.2,666. Gold rate at the end of September was Rs.2,653.

Gold buying patterns in Trivandrum

Gold is largely sold in its physical form in the city.

Physical gold: Jewelleries and ornaments are quite popular in the city and some of the largest jewellers in the country have significant presence in the city. Apart from jewelleries, gold bullion can also be purchased in the city from reputed dealers, while coins can be purchased from dealers and banks.

Traded gold: Gold is also traded through spot and futures contracts. These contracts are available online and prospective buyers can purchase gold at market rates which will be delivered to them as per the contract terms.

Also Check Gold Price in NearBy Cities of Trivandrum

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Also Know: Silver Rate in Trivandrum

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