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Gold Rate in Kerala (24th June 2017)

The State of Kerala has always seen good consumption patterns for gold, especially during the festive season or also during occasions like marriage or naming ceremony.

Today 22 Carat Gold Price Per Gram in Kerala (INR)

Gram 22 Carat Gold
22 Carat Gold
Daily Price Change
1 gram ₹ 2,693 ₹ 2,695 ₹ -2
8 gram ₹ 21,544 ₹ 21,560 ₹ -16
10 gram ₹ 26,930 ₹ 26,950 ₹ -20
100 gram ₹ 2,69,300 ₹ 2,69,500 ₹ -200

Today 24 Carat Gold Rate Per Gram in Kerala (INR)

Gram 24 Carat Gold
24 Carat Gold
Daily Price Change
1 gram ₹ 2,937.80 ₹ 2,940 ₹ -2.20
8 gram ₹ 23,502.40 ₹ 23,520 ₹ -17.60
10 gram ₹ 29,378 ₹ 29,400 ₹ -22
100 gram ₹ 2,93,780 ₹ 2,94,000 ₹ -220

Gold Rate in Kerala for Last 10 Days (10 g)

Date 22 Carat 24 Carat
Jun 23, 2017 ₹ 26,930 ₹ 29,378
Jun 22, 2017 ₹ 26,950 ₹ 29,400
Jun 21, 2017 ₹ 26,850 ₹ 29,290
Jun 20, 2017 ₹ 26,850 ₹ 29,290
Jun 19, 2017 ₹ 26,900 ₹ 29,345
Jun 17, 2017 ₹ 26,950 ₹ 29,400
Jun 16, 2017 ₹ 27,050 ₹ 30,152
Jun 15, 2017 ₹ 27,150 ₹ 29,620
Jun 14, 2017 ₹ 27,250 ₹ 29,728
Jun 13, 2017 ₹ 27,225 ₹ 29,700

Weekly & Monthly Graph of Gold Price in Kerala

Historical Price of Gold Rate in Kerala

  • Gold Price Movement in Kerala, May 2017
  • Gold Rates 22 Carat 24 Carat
    1 st May rate Rs.27,501 Rs.30,001
    31st May rate Rs.27,250 Rs.29,727
    Highest rate in May Rs.27,501 on May 1 Rs.30,001 on May 1
    Lowest rate in May Rs.26,800 on May 17 Rs.28,664 on May 17
    Over all performance Falling Falling
    % Change -0.91% -0.91%
  • Gold Price Movement in Kerala, April 2017
  • Gold Price Movement in Kerala, March 2017
  • Gold Price Movement in Kerala, February 2017
  • Gold Price Movement in Kerala, January 2017
  • Gold Price Movement in Kerala, December 2016

Kerala has always had a fascination for gold and gold jewellery. In fact, Malayalees, who traveled in large numbers in the 1970s, 1980s, 1990s and 2000s to the Gulf always came back with gold.

However, these days the restrictions on gold imports is more relaxed, so you can come back with decent amounts of gold for use, as well as for investments.

Where to buy gold in Kerala?

Kerala has a number of jewellery shops spread across the length and breadth of the state. Every top city including Cochin, Thiruvanthapuram, Calicut have plenty of jewellery shops. Apart from this even the smaller towns have a number of jewellery shops.

Among the more popular shops include Malabar Gold, Joy Alukkas, Jos Alukkas etc. In fact, there are plenty of choices that buyers of gold in Kerala have. You need to visit some of the frontline shops in the top cities and can also engage in window shopping just to make enquiries, if you so wish.

What to check while buying gold in Kerala?

Before buying gold in Kerala, it is worth checking the price. Remember, while gold rates may more or less remain the same across the state and the cities, the making charges are really what differs So, make sure that you check the making charges before buying.

Apart from that we strongly recommend that you look for purity. Make sure that you buy only hallmarked jewellery.

What determines gold prices in Kerala?

Gold prices in Kerala largely move in tandem with the international markets. So, if international prices go up, gold rates in Kerala would go up and vice versa. Similarly, if gold rates fall in the international markets, it would drop in Kerala as well.

Having said that we must say that 2016 has been a good year for investors in Kerala, who have got decent returns. In fact, their returns maybe close to 20 per cent this year, since the start of the year.

Gold is a good investment for those looking at more steady returns. It is also a great diversification saving instrument.

Be careful of taxation of Gold In Kerala

It is important to remember, that gold in Kerala or anywhere in the country would be taxed. If you sell gld after three years, you would be taxed at 20 per cent with indexation. What this means is that, if the idexation works out to 10 per cent over two years, your tax rate on gold would be only 10 per cent.

If you sell gold before three years, you would be taxed according to your tax slab. So, you would pay 10, 20 or 30 per cent, depending on your tax slab. Higher the tax slab, greater would be the tax rate on your gold.

Figuring the gold price trend in Kerala

Gold prices in the city of Kerala have had a phenomenal run in the last one year. This is largely riding piggy-back on international prices of gold. Will gold rates move higher in Kerala? This is always a difficult question to answer. We believe that the precious metal has already gone-up by 24 per cent this year and to keep going up defies all logic.

Hence, in the more medium term, we believe that gold prices could be going lower. If you are looking to invest, do not jump in at the current high prices. Wait for gold prices to fall before entering the same.

 Checking of gold purity in Kerala very important

If you are looking to buy gold in Kerala, one thing that you must almost always do, is check for purity. The Bureau of Indian Standards has a good presence in Kerala, incuding at Ernakulam.

You can contact the office for testing centres, to test the purity of gold. What we suggest is that you buy hallmarked gold, which will save you time and efforts to buy gold in Kerala.

There is a small triangular mark, which would signify the quality of gold. That is the BIS mark and you can see the same for quality.

A lot of individuals from Kerala also buy gold from the Gulf. However, there are restrictions on  getting gold into India. A lady traveler can only get upto Rs 1 lakh worth of gold, while a male traveller can get ony Rs 50,000 worth of gold, without paying duties.

On amounts in excess of this, you have to pay the duty that is applicable. So, you need to ensure that you do not get value of gold into India, in excess of the above mentioned limit.

Today, it is also easy to get gold of similar purity in India. Gone are the days when we really struggled for good quality gold. Not to mention the patterns, which are the finest.

 Demand for gold in Kerala

Demand for gold in Kerala is expected to rise, even as the World Gold Council has said that growth in the world has risen by 15 per cent in the second quarter of 2016, ending June 30, 2016. Investment demand has fuelled the rise, even as the world is flush with money, given the easing across the globe.

This has found its way into gold, which had led to a sharo uptick in gold prices across the globe and also gold rates in Kerala. As the world continues to see increased liquidity, expect gold demand to rise.

However, one cannot expect the gold price rally to keep continuing at some stage we should see investors book profit in the precious metal.

Hence, it would be more prudent to wait a while before venturing into gold.

How to buy gold in Kerala?

If you thought that this was a very funny question, the answer is no.  You can buy gold in a number of ways, including gold through Exchange Traded Funds schemes. There are of course, the gold bonds that have also come-up. So, if you thought that the only answer to buy gold in Kerala, was through the physical gold buying route, you are making a mistake. Gold can be bought through various ways. In fact, if you use the electronic form of buying gold, that is through the exchanges in the forms of gold ETFs, it is better for you. 

We suggest that you look at various other forms of gold, in place of the usual gold ETFs and the gold bonds. Kerala has one of the finest chain of jewelery shops that you also find extending to many of the Gulf countries. So, there are a plethora of choices, when it really comes to buying gold in India.

Physical Gold Vs Gold ETF's in Kerala

There are many investors in Kerala who are interested in gold. But, the problem is that they are not sure about where to invest in. Two options, that is ETF's and physical gold is confusing the investors.

Physical Gold comes with many issues, such as storage problem, prone to theft and many more. In gold ETF's, there are no issues regarding theft and storage. The return will be the same.

The liquidity of ETF is very high when compared to physical Gold. Trading is few clicks or a call away. Just by some clicks on the mobile phone or by making a call to the fund manager or broker, the money will be credited into your account.

When it comes to physical gold, one needs to visit a jeweller or bank to buy or sell the jewellery. Even few banks sell gold but won't accept gold. The only advantage associated with physical gold is, they can take the loan on it, which is not possible for gold ETF.

ETF's are also tax efficient. It won't added to your wealth. If you sell the ETF after one year, there will be no long-term capital gains tax.

Taking Gold Loan In Kerala

Most individuals in Kerala rise money in bad situations by taking a Gold loan because Banks and other NBFC (Non Banking Financial Services) give loan against gold in a matter of minutes. Most popular way of getting a gold loan is by visiting gold loan companies in Kerala such as Muthoot Finance and Mannapuram Finance. These two NBFC's are popular not only in Kerala but all over south India. There are many more NBFC but because of the interest rate and other facilities, these companies offers.

Muthoot Finance and Mannapuram Finance offers good interest rates, it will be better to compare the same with bank gold loans and also with other gold loan companies before you go for the loan. There might be a marginal variation in interest rates which will be changing time to time, So it is hard to tell which would be better. Also compare gold rates in Kerala before you take a loan because the gold rates in Kerala will be fluctuating depending upon few economical conditions. It is advisable to go for gold loan when the gold prices in Kerala is high.

There are few things one should compare to decide which company is giving better with gold loan those are processing charges and interest rates. The process of gold loan will be very easy in The private NBFC's. If you have documents in place it will take hardly few hours to get the loan amount.

Good Demand For Gold In Kerala?

In Kerala, Gold acts as a status symbol. The amount of gold one shows how wealthy the family is. Thus the demand for gold is increasing exponentially. Gold plays an integral role in religious ceremonies as well. Regardless of the religion and gold rates in Kerala. Gold has its own prominence regardless of the reasons. Either Hinduism, Sikhism or Christianity, gold has its own prominence across all religions. Purchasing gold on the religious Occasions is a common thing in Kerala.

In Kerala, Gold is always considered the safest investment. The Individual investors in Kerala do at least thirty percent of their investments in gold. Gold is attached to Keralites sentimentally as well. Gifting gold is the highest form of gifting, They belive by doing, so it showcases the value of an individual and purity of their intent.

Keralites love gold a lot so if they need to liquidate an asset to make money, then gold will be the last resort. Though there is some savings and investment strategies people in Kerala prefer gold as the only practical form of savings. Traditionally ancestral gold Jewellery is passed from one generation to other generations in Kerala. As it is believed to be the symbol of purity, prosperity and good fortune. So whatever the season and however the gold prices in Kerala is moving. The demand for gold will not go down.

Latest Updates on Kerala Gold Rates

Gold prices in Kerala set to be higher

Gold prices in Kerala set to trade higher, as the political problems in U.S. keep worrying the investors. There is to see a rally in gold prices in Kerala. This is attracting the investors in Kerala towards gold and pushing the investors to bet on the gold than continuing their bets on the stocks. The 22 karats 10 grams of gold was trading at Rs 26,800 and is about to see a gain in prices and may reach to Rs 27,500 whereas the 10 grams 22 karats gold was trading at 29,500 and may reach or cross the 30,000 mark.

The trend reversal is due to the uncertainty in the US political affairs, and the trend seems to continue a bit longer. This showed affect on the dollar. The week dollar closed a little higher after hitting six months low. This rally of gold rates in Kerala may be a sign of relief to the investors who were waiting for gold rates to go up.

19 May 2017
Kerala gold prices set to remain steady

Gold prices in Kerala are set to rule steady, even as international prices have stabilized near the $1170 an ounce levels. gold prices have been on a downward trend for the last few weeks, as international prices have softened a great deal. Investors across the globe continue to chase equities, and shun gold, as the US Federal Reserve is all set to increase interest rates in the US. Gold prices in Kerala have remained pretty much stagnant since the start of the year, though returns have been close to 10 per cent plus this year, which is pretty decent. It is likely that gold prices may continue to witness heightened volatility.

8 December 2016
Gold rates in Kerala hold steady ahead of the festive season

Gold rates in Kerala were trading steady ahead of the festive season, with the price of the precious metal hovering in a range of Rs 28,900 to Rs 29,200 per 10 grams in the last few weeks.

Gold prices in Kerala are expected to be little changed in the next few days, as global cues for gold are not too many.

In fact, the next cue for gold would come from the US, where there is likely to be an interest rate hike. An interest rate hike in the US is not good news for gold, as it could lead to a decline in prices of the precious metal.

25 October 2016
Gold rates in Kerala flat at Rs 28,900

Gold rates in Kerala were trading flat at Rs 28,900 per 10 grammes. This was against a price of Rs 29,000 that we saw on Thursday in the city of Kerala.

Gold for 24 karats was trading at Rs 31,300 in the city of Kerala. This was more or less flat when compared to the previous day

Not many are optimistic that gold prices would rally too soon and too fast in Kerala. This is because the city  has also seen a sharp rally in prices, since the start of the year. There are many analysts who believe that gold prices would gain traction by the end of the year or early next year.


19 October 2016
Gold rates in Kerala

Gold rates in Kerala have been moving in a tight range in the last 1-month. In fact, the gold rates in Kerala in September and October have remained little changed over the last few weeks. In fact, gold prices in Kerala on Oct 13, were trading at Rs 29,200 per 10 grammes for 22 karats, while gold was trading at Rs 31,800 for 24 karats.

The stable trend in Gold prices is likely to continue into November as well. There are no immediate cues for gold prices to move either higher or lower in Kerala. Those looking to invest should not buy into gold at such high prices in Kerala. In fact, one should wait for prices to dip, before buying into the precious metal.

On the other hand, if you have invested, stay invested in gold and do not sell.

13 October 2016
Gold rates higher in Kerala

Gold rates in Kerala, were marginally higher, at Rs 2,910 per gramme for 22 karats. This was around Rs 10 higher, than what was prevailing earlier on Tuesday.

Dealers say there was not much of a movement through the month of September, though Tuesday saw some good movement in gold prices in Kerala.

Investors may hold back on purchases if gold prices continue to trade higher. This is because gold rates in Kerala have seen a sharp upward movement in the last few months and this trend may not sustain.

Those looking to buy gold in Kerala, may look for doing so at declines. The current prices of near Rs 3,000 per gramme, 22 karats is certainly very expensive.

21 September 2016
Gold rates Kerala marginally lower

Gold rates in Kerala were trading marginally lower, as we saw  dip in prices across the international markets on Friday. This led to a fall in the bullion markets in the precious metal on Monday.

The week for gold rates in Kerala has thus began on a more bearish note. Dealers say there is no hopes of an immediate recovery in gold prices in the city, as there is also the festive season next month.

Look for buying gold on dips should be the strategy they say.

Since the beginning of the year, we have seen heavy interest from investors in the gold market in the city. Gold, which was hovering around the Rs 25,000 mark, has not scaled past the Rs 32,000 mark in Kerala.

Most dealers say, to wait and watch before buying, gold as prices are not like at the beginning of the year.



12 September 2016
Gold rates in Kerala at Rs 32,500

Gold rates in Kerala touched the Rs 32,500 mark per 10 grammes, even as prices globally continued to remain at elevated levels. Analysts tracking prices feel that gold is now almost at peak levels and hence advise against any large scale buying.

Those looking at investment could look at other opportunities, as gold prices have risen they feel.

Though, the government has tried to discourage gold consumpotion through various measures, gold prices have only been going up.

9 September 2016
Gold rates in Kerala Sept 3

Gold rates in Kerala, were pretty much where they were the previous day. Gold prices in major cities of Kerala like Cochin, Trivandrum and Calicut were steady.

It is likely that all the cities of Kerala would maintain the same trend, through Sunday and Monday, which is a holiday. Look for buying gold only on dipes in kerala.

3 September 2016
Precious metal in a narrow band

Gold prices in Kerala have not really taken-off in the last few weeks. In fact, this is so typical of the way gold prices have moved in the last few days in the international markets.

We expect the steady trend to continue in the next few days. Gold rates in Kerala may finally see some activity, closer to the festive season in the coming months. However, it is important to remember that gold rates in Kerala are largely determined by how gold in the international markets move.

We believe that much would depend on how the US Federal Reserve does with interest rate hikes in the US. If interest rates are hiked in the US, it could bring down the price of the precious metal in Kerala.

30 August 2016

Disclaimer: The gold rates are sourced from local jewellers in the city. There maybe variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious gold. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on gold information provided.