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 from October to December 2016 (rates per gram for 24 karat gold)

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 Trivandrum for October 2016

• On the 1st of October, gold was trading at Rs.3,115 per gram but fell down to as low as Rs.3,055 per gram by 5th due to lack of demand in the domestic market.
• Prices kept going down for the next few days but posted a slight increase when gold rates went up to Rs.3,030 per gram by 12th.
• After considerable fluctuations, gold prices again increased to reach Rs.3,040 per gram by 20th October.
• The last two week of October didn’t see too much of a change in price trends.
• At the end of the month, gold was seen trading at Rs.3,055 per gram.

Gold Rate Trend in Trivandrum for November 2016

• November was a month of two halves for gold with the first half seeing positive growth while the second playing host to massive decrease in prices.
• The month began with gold trading at Rs.3,055 per gram which went up to .3,110 per gram by the 5th as the impending US election results brought about a frenzied activity in the world market.
• Prices went down despite the fact Donald Trump’s appointment as US president brought markets crashing around the world.
• By the end of the month, gold prices stabilized for the metal to trade at Rs.2,945 per gram.
• All the global and domestic events brought a change of -3.60% in gold rates over the month.

Gold Rate Trend in Trivandrum for December 2016

• The last month of Q4 2016, started with gold selling at Rs.2,905 per gram.
• As the effects of cash crunch was still reeling, prices seemed to go down for much of the month
• By the 10th of the month, gold prices had gone down to Rs.2,810 per gram.
• As demand seemed to see no improvement, gold prices further went down to Rs.2,745 per gram on the 16th.
• Prices improved over the last few days owing to the imminent arrival of new year.
• The month ended with gold trading at Rs.2,815 per gram, thereby clocking a decline of -3.09% for the month of December.

Gold Rate Trend in Trivandrum for July 2016 to September 2016 (per gram of 24 karat gold)

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 the 18th and 19th of July	Rs.3,140 per gram from 25th to 30th August	Rs.3,160 per gram on 7th November and on 25th and 26th September
Lowest price	Rs.3,000 per gram on the 1st of July	Rs.3,092 per gram on 1st August	Rs.3,120 per gram on 2nd and 19th September
Trend	Incline	Incline	Incline
Change	+3.06%	+1.23%	+0.16%

Gold Rate Trend of Trivandrum in July 2016

• Gold traded at Rs.3,000 per gram on the 1st of July and increased by Rs.120 on the 2nd to hit Rs.3,150 per gram.
• Prices fluctuated until the 17th when they soared to Rs.3,167 per gram – the highest recorded rate in July.
• Despite fluctuations over the course of the month, stability was achieved on quite a few number of days.
• Prices were stable at Rs.3,060 between the 23rd and 27th of July, and at Rs.3,092 per gram between the 28th and 31st.
• The overall increase in prices between the start and end of August wasover 3%.

Gold Rate Trend of Trivandrum in August 2016

• The rate of gold per gram on the 1stt of August was recorded at Rs.3,092.
• Prices rose to Rs.3,112 on the 2nd and stayed unchanged until the 5th.
• The highest recorded rate of gold in the month of August was on the 5th when they touched Rs.3,210 per gram.
• Stability was achieved for most parts of the month and the highest rate of gold in the August was recorded between the 25th and 30th when they touched Rs.3,140 per gram.
• The precious metal closed the month trading at Rs.3,130 per gram, and the overall increase in prices between the first and last day of the month was 1.23%.

Gold Rate Trend of Trivandrum in September 2016

• Gold traded at Rs.3,130 per gram on 1st September.
• Prices remained stable after every incline, and the highest rate in the month was recorded on the 7th and the 25th and 26th when they soared to Rs.3,160 per gram.
• Gold closed the month trading at Rs.3,135 per gram and the overall increase in prices between the first and last day of the month was a mere 0.16%.

Gold Rate Trend in Trivandrum for April 2016 to June 2016 (per gram of 24 karat gold)

Factor	April	May	June
1st Day	Rs. 2,872 per gram	Rs. 3,025 per gram	Rs. 2,985
Last Day	Rs. 3,025 per gram	Rs. 2,895 per gram	Rs. 2,990
Highest Price	Rs. 3,025 per gram on April 30.	Rs. 3,025 per gram May 1st to 3rd	Rs. 3,050 per gram on 25th June
Lowest Price	Rs. 2,852 per gram on April 4.	Rs. 2,885 per gram on May 30th	Rs. 2,935 per gram on 9th June
Trend	Rising	Decline	Rise
Change	+5.32%	-4.29%	+0.16%

Gold Rate Trend of Trivandrum in April 2016

• Gold traded at Rs. 2,872 per gram on April 1st but soon picked up after the jewellers’ strike was called off.
• Fresh demand gave gold rates a boost after its stagnant state in March.
• Gold rates rose to Rs. 3,025 per gram on April 30th.
• By the end of the month, gold rates had increased by 5.32%.

Gold Rate Trend of Trivandrum in May 2016

• Gold rates for the month of May started well at Rs. 3,025 per gram.
• The U.S. Federal Reserve released the minutes of its meeting which indicated a rate hike might soon be place in hopes of a stronger dollar and a growing U.S. economy.
• The expectations of an interest rate hike did not bode well for gold investors and demand took a hit and prices slipped.
• The month ended with a 4.29% decrease.

 Gold Rate Trend of Trivandrum in June 2016

• The rate of gold was steady at Rs.2,985 per gram throughout the first week of June.
• During the first half of the second week of June, price of gold continued to remain steady at Rs.2,985 per gram before reducing further.
• On the 9th and 10th of June, gold rate decreased to Rs.2,935 per gram.
• Price of gold rose to Rs.2,955 per gram on the 11th.
• Gold rate stayed steady at Rs.2,955 per gram on the first three days of the week.
• An increase of Rs.20 was noted in the price of gold and stayed steady at Rs.2,975 per gram until the end of the week.
• Gold rate was steady at Rs.2,975 per gram until the 21st after which prices reduced by Rs.20 again.
• On the last day of the week, gold rate increased to Rs.3,050 per gram.
• Price of gold was steady at Rs.3,050 per gram until the 29th after which gold rate declined even further.
• Price reduced by Rs.50 on the 29th and reduced even further to close at Rs. 2,990 per gram on the 30th.

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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• Tips for Buying Gold Jewellery
• Gold Rates Trend in 2015

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