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Gold Rate in Kerala (20th October 2019)

Oct 20, 2019
₹ 3,560 /Gram(22ct)

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 ₹ 3,560 ₹ 3,560 ₹ 0
8 gram ₹ 28,480 ₹ 28,480 ₹ 0
10 gram ₹ 35,600 ₹ 35,600 ₹ 0
100 gram ₹ 3,56,000 ₹ 3,56,000 ₹ 0

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

Gram 24 Carat Gold
24 Carat Gold
Daily Price Change
1 gram ₹ 3,884 ₹ 3,884 ₹ 0
8 gram ₹ 31,072 ₹ 31,072 ₹ 0
10 gram ₹ 38,840 ₹ 38,840 ₹ 0
100 gram ₹ 3,88,400 ₹ 3,88,400 ₹ 0

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

Date 22 Carat 24 Carat
Oct 19, 2019 ₹ 35,600 0 ₹ 38,840 0
Oct 18, 2019 ₹ 35,600 0 ₹ 38,840 0
Oct 17, 2019 ₹ 35,600 0 ₹ 38,840 140
Oct 16, 2019 ₹ 35,600 0 ₹ 38,700 0
Oct 15, 2019 ₹ 35,600 350 ₹ 38,700 250
Oct 14, 2019 ₹ 35,250 -10 ₹ 38,450 -30
Oct 13, 2019 ₹ 35,260 10 ₹ 38,480 10
Oct 12, 2019 ₹ 35,250 0 ₹ 38,470 0
Oct 11, 2019 ₹ 35,250 -250 ₹ 38,470 -250
Oct 10, 2019 ₹ 35,500 0 ₹ 38,720 0

Weekly & Monthly Graph of Gold Price in Kerala

Historical Price of Gold Rate in Kerala

  • Gold Price Movement in Kerala, September 2019
  • Gold Rates 22 Carat 24 Carat
    1 st September rate Rs.35,610 Rs.38,860
    30th September rate Rs.34,900 Rs.38,070
    Highest rate in September Rs.36,400 on September 4 Rs.39,650 on September 4
    Lowest rate in September Rs.34,700 on September 19 Rs.37,760 on September 19
    Over all performance Falling Falling
    % Change -1.99% -2.03%
  • Gold Price Movement in Kerala, August 2019
  • Gold Price Movement in Kerala, July 2019
  • Gold Price Movement in Kerala, June 2019
  • Gold Price Movement in Kerala, May 2019
  • Gold Price Movement in Kerala, April 2019

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.

Factors that impact todays gold rates in Kerala

There are many reasons for the daily movement in gold rates in Kerala today.

One of the biggest of these is the international demand for the metal.

We have been constantly seeing that the demand for the precious metal has been tapering in the state. This has led to subdued price demand.

Another factor that impacts todays gold rates in Kerala, include the currency movement. We have been seeing that the rupee has been weakening against the dollar. When this happens, prices tend to dip.

Gold rates in Kerala today are hence impacted by the same. Let us cite an example. Let us say rates were constant at $1000 per kg. Now, if the rupee moves from 68 to the dollar to 70 to the dollar, it would automatically make prices more expensive, since India imports a lot of gold. This is one of the top reasons why prices move higher in India and hence in the state of Kerala.

How gold rates in Kerala may differ?

The state of Kerala has one of the lowest gold rates today in the country. In fact, many investors visit the state because of the renowned chain of jewellers that are present here.

In fact, if you are looking to buy the precious metal, it would be advisable to check a host of things, before you venture into buying.

First, it is important to remember that gold rates may differ from city to city, within the state. It is a must to check with your jeweller on the prices. Many jewellery shops in Kerala could change the gold rates at different times, so you need to enquire. Also, there is a possibility that a few of them maybe charging a different rate. It is a good idea to always call and check.

 Also, one needs to see and determine whether the gold is hallmarked. If it is, then you are sure on the quality and the various other aspects. In short, there are various factors that you should consider before you buy gold in Kerala.

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.

Gold rates and the rupee

 The currency plays a very crucial role in the movement of gold prices. India imports almost all of the precious metal. This means to a large extent, we need to worry about the dollar movement against the Indian rupee.

 Todays gold rates in Kerala almost always reflect currency fluctuations. For example, if the dollar moves from levels of 67 to 70 to the rupee, one would have to pay more for gold. In the past individuals coming to Kerala from the Middle East would carry gold along with them.

 This would sometimes make it cheaper. However, there are some restrictions on importing the same and investors and consumers need to be aware of the same.

 The restriction to carry gold in the form of jewellery is different for men and women. In any case, those who are looking to buy the metal, must keep in mind the exchange fluctuations that take place from time to time.

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 2017 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.

How to invest in Gold?

Gold, the yellow metal is respected throughout the world for its value and rich history, which has been interwoven into cultures for thousands of years. Unlike, paper currencies or other assets gold has maintained its value throughout the ages.

  •  Jewelry: People of Kerala have an unparalleled affection towards gold. When it comes to jewelry, nothing can beat the gold ornaments that adorn a Keralite bride. Koduvally, a village is located 25-kilometers away from the city of Kozhikode in Kerala, has more than 100 jewelry shops within the one-kilometer radius. 
  • Coins: The gold coins are available in different karats and weights. People buy gold coins for gifting purpose apart from the investment.
  •  Commodity Exchange: Gold is traded as a commodity for a variable time duration in the Multi Commodity Exchange popularly known as MCX, National Spot Exchange Limited or in the National Commodity & Derivatives Exchange (NCDEX).
  • Bullion: Precious metals in bulk, in the un-coined form such as gold bars, considered in mass rather than value.

Factors affecting Gold price in Kerala

Gold is seen as an essential asset in Kerala. It plays a vital role in festivities and celebrations. The factors which affect the price of gold in Kerala are as follows: 

• Inflation – Investing in gold is considered to be safe at all times. It becomes right during the time of inflation. Inflation reduces the purchasing power of an individual. The right form of investment during inflation is to invest in something which is stable. Gold is the best option to invest in during inflation time and hence naturally the price of the gold increases during inflation.
• Change in Global Prices – Majority of gold requirements in India are met through imports. It is natural that any change in the prices at the global level will have its fair share of impact even on the prices at the domestic level. The worldwide change in the yellow metals price may be due to the political crisis, economic turmoil, change in supply, change in demand and so on.

 • Jewelry Markets – The Jewelry market plays a vital role in affecting the gold rates in the country. In India, most of the gold purchased is used in the form of ornaments and jewelry. The jewelry market in India is vast. The increase or decrease in the demand for gold depends on the festival seasons and sentiments. The requirement for the precious metal will trend upwards during the festive season, and it slides down during non-festive season.
• Central Bank’s Gold Reserve – RBI, the country’s central bank holds massive reserves of gold, in addition to currencies. When the central bank of a nation starts to acquire and maintain gold, the price of the yellow metal shoots up. The rise in price is due to the increase in the supply of money and decrease in the supply of gold.

 • The rate of Interest – The rate of interest on the bank deposits and financial instruments also play a significant role in determining the price of the gold. Higher interest rates imply that people will sell their gold and put their money to some better use and vice versa.

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.

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.

Should you opt for gold as an investment?

It is a good idea, if you are diversifying your portfolio to look at the precious metal as an investment. This is because, you do not want to place all eggs in one basket. However, the most important thing when investing is to time your investment. This is because, if you buy gold at any and every price, you will end up making losses. 

The ideal strategy here would be to seek expert opinion or where gold prices are headed before you buy into the same. Chances are that a patient investor may still end-up making decent money. However, one should hold for the long term, as gold has only given returns in the very long term. Do remember to check the daily price of gold in Kerala, before you decice to buy or sell the precious metal. 

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.

How todays gold rates in Kerala get impacted?

Todays gold rates in Kerala are impacted by a host of things. The biggest of these is the global movement of the precious metal.

For example, when global prices move, we see, prices of gold in Kerala also rising. The other reason for the higher or the lower movement of the precious metal, is the currency rates. Over the last few years, the dollar has been moving consistently higher against the rupee, this has helped gold pricees to move higher. The rates of gold in the various cities of Kerala may differ a little.

One needs to check with the local jewellers the exact price. There are various top jewellers in Kerala. Among these include names like Joy Alukkas, Jos Alukkas, Jos Jewellers, Malabar Gold etc.

It would be a good idea, if investors call and make themselves aware of gold rates before buying. This would ensure that they get maximum value for the price they pay for the jewellery.

Latest Updates on Kerala Gold Rates

The gold rates in Kerala remains constant

The gold rates in Kerala remained unchanged today despite its rise in the international market amid trade talks between U.S and China.

The gold prices in Kerala were seen trading at Rs.35,500/- per 10 grams of 22-carat gold and Rs.38,720/- per 10 grams of 24-carat gold. In the international market, spot gold has gained 0.1% to $1,506.78 per ounce and U.S gold futures have declined 0.1% to $1,511.80.

The South China Morning Post announced at the beginning of the session that a Chinese delegation was planning to leave Washington after a day of ministerial meetings, instead of Friday as planned, which led to the collapse of Asian equities. However, the sentiment of risk has slightly recovered since then.

Gold ETF holdings have peaked in the last three years and many central banks are also buying. Market Investors often use gold to protect themselves from political and financial uncertainties.

10 October 2019
Gold rates in kerala gains

The gold rates in Kerala inched up slightly despite being unmoved in the bullion market amidst expectations of U.S Federal reserve rate cut. The precious metal price in Kerala was seen trading at Rs.32,400/-/- per 10 grams of 22-carat gold and Rs.33,800/- per 10 grams of 24-carat gold. The U.S dollar was flat against a basket of six major traded currencies. The U.S. President Donald Trump repeated his call for the Federal Reserve to make a huge interest rate cut, saying he was disappointed in the U.S. central bank and that it had put him at a disadvantage by not acting sooner. Trump warned China against waiting out his Presidency before finalizing a trade deal, stating that, if he wins re-election in November 2020, the result may be no agreement or a harsher one. Most of the investors are staying calm because of the Fed meeting. If the Fed does cut interest rates, the yellow metal may dip in a further session.

31 July 2019
Gold rates in Kerala stands flat

The gold rates in Kerala remained unchanged despite hiked in the international market amidst trade war between two big nations United States and China. The yellow metal price in Kerala were seen at Rs.30,400/- per 10 grams of 22-carat gold and Rs.33,160/- per 10 grams of 24-carat gold.

Spot gold gained 0.5% to touch $1,333.06 per ounce and U.S gold futures also rose up by 0.4% at $1,336.60 an ounce.

Asian stock markets are got off to a guarded start as both warring factions in the Sino-U.S. trade deal engaged in another round of heated exchanges. U.S. President Donald Trump supported the use of tariffs as part of his trade strategy while China vowed a tough response if Washington insists on escalating trade tensions amid ongoing negotiations.

Gold bulls are also optimistic of an interest rate cut by the U.S. Federal Reserve. The gold rates in Kerala updated on a daily basis based on international business reports.

12 June 2019
Gold rates in Kerala slips

The gold rates in Kerala dip today to Rs.29,700/-/- per 10 grams for 22-carat gold and Rs.32,000/- per 10 grams for 24-carat gold. In the bullion market, Spot gold has gained 0.3 per cent to touch $1,283.44 per ounce and U.S. gold futures were up by 0.3 per cent at $1,285.30 an ounce.

The yellow metal has, however, come under pressure of late as equity markets have hit record highs and most economic data from far and wide have pacified anxieties about the pace of global growth. the rallied equities are holding the precious metal price in the bullion market. The precious metal is generally used by investors as a safe-haven investment against economic and political concerns.

Investors are now waiting for the U.S. Federal Reserve’s two-day policy meeting starting later in the day for clues on the interest rate outlook.

30 April 2019
Gold rates in Kerala steady

Gold rates in Kerala remained constant at Rs.30,160/- per 10 grams for 22-carat gold and Rs.31,260/- per 10 grams for 24 carats gold . Spot gold gained 0.3 per cent to touch $1,316.40 per ounce and U.S. Gold futures also rose by 0.3 per cent to touch $1,316.50 an ounce. U.S data on Friday showed that U.S manufacturing activity unexpectedly getting slowed in March and business didn't reach the expectations from the Euro Zone this month. Chicago Federal Reserve bank president Charles Evans said that it is the right time for the U.S central bank to hold and adopt a cautious stance, adding that he did not expect any interest rate hikes until the second half of next year. If the data continues to be as a weak as forecast then there is a good chance we could see significate higher rates in gold. The precious metal price in Kerala mainly depends upon the international trade market.

25 March 2019
Gold rates steady in Kerala

Gold rates in Kerala were steady amidst the drop in the U.S dollar value against six major currencies. The dollar plays a major role in the movement of gold prices in the global platform. The dollar at the margins has certainly helped provide a boost to gold. Gold rates in Kerala mainly depends on the international trade market. Today the gold rates in Kerala were trading at Rs.31,160 per 10 grams for 22 carats gold and Rs.33,610 per 10 grams for 24 carats gold. The United States president Donald Trump said that he would delay an increase in U.S. tariffs on Chinese goods. The precious metal is a good form of investment in Kerala for those who are looking for constant returns through a safer mode. Kerala has a large number of jewellery shops spread across the state which manufactures jewellery items.

26 February 2019
Gold Prices in Kerala Declines Following Global Cues

The gold prices in Kerala declined following cues from global market wherein the yellow metal's prices dipped due to strong dollar and recovery of global stock markets. The gold rates in Kerala were seen at Rs 2,950 per gram for 22 karats and at Rs 3,378 per gram for 24 karats.

The spot gold was seen trading at $1,221.10 per ounce and the U.S. gold futures were at $1,219.3 per ounce, down by 0.5 percent. A firm dollar backed by the United States of America’s strong economy and recovery in equities markets across the globe is putting pressure on the yellow metal.

The dollar gained an edge over gold and rallied up to settle at a 16-month high against a basket of major currencies backed by the outstanding performance of the U.S. economy added with a hike in interest rates by the U.S. Federal Reserve.

In India, the rupee depreciated against the dollar and was seen trading at 73.98 mark against the dollar. The fall in India’s rupee added with high prices of gold dampened the demand for the yellow metal ahead of the festive season of Deepavali.

31 October 2018
Gold Prices Shrinks in Kerala

The gold prices in Kerala shrunk today amid its recovery in the international market. The flood situation in the god’s own country has also added to the fall in the prices of the yellow metal as there are no takers for it owing to the natural disaster situation. The gold rates in Kerala were recorded at Rs 2,750 per gram for 22 karats and at Rs 2,960 per gram for 24 karats.

India is a gold loving country. The high prices of the precious metal had dampened the demand for gold in the domestic market. But currently, the declining prices added with the festival and marriage season is likely to improve the demand for the yellow metal.

In the global scenario, the gold rates edged up today ahead of the Sino- U.S. trade talks which are likely to ease out the tension between the worlds biggest economies. The gold lost its sheen during the last few days after it slipped to touch 19 month low last week.

Gold has failed its charm as investors found dollar more attractive over the yellow metal during the trade war and also when Turkey’s currency crisis which shook the economy of the world.

Currently, in the global market, spot gold was seen at $1,190.10 per ounce, up by $10.20 and the U.S. gold future was also up by 0.7 percent at $1,191.60 per ounce.

20 August 2018
Gold Rates in Kerala Moves Up Marginally

The gold rates in Kerala scaled up marginally to settle at Rs 2,752 per gram for 22 karats and at Rs 3,002 per gram for 24 karats.

The gold rates in India is gradually increasing owing to the improvement in the demand for the ornamental metal in the last few days. India is a gold loving country, the country is the largest consumer of gold in the world. The rural population in India buy more gold compared to their urban counterparts.

In the international market, gold value sank to a new low to hit an all-time 17 month- low as investors took refuge in the dollar. The dollar is more preferred owing to demand for the U.S. Treasuries and the strong dollar which has bounced back into its form after the U.S. Fed announcement regarding two more interest rate hikes before the end of 2018.
Apart from this, the tumbling of Turkish Lira has also strengthened the value of dollar to a major extent amid the trade tariff war between the U.S. and other member countries.

Currently, spot gold was seen at down by $15.60 to touch $1,198.60 per ounce during today’s trading session and U.S. gold futures were down by 0.8 percent at $1,208.60 per ounce.

13 August 2018
Gold Prices Inches up In Kerala

The gold prices in Kerala were up today slightly and stood at Rs 2,753 per gram for 22 karats and at Rs 2,993 per gram for 24 karats. Gold was trading at $1,215.50 per ounce in the international market, marginally up from the previous session.

Investors plan to buy gold when the prices of the yellow metal are cheaper. Gold rates are steady in the global market amid a strong dollar which has re-bounced back to its form after declining for a two-week low against Japanese Yen.

The dollar has remained steady in the global market today against a basket of other currencies which otherwise tends to impact it. The precious metal is sensitive to the interest rates and any rise or fall in them is likely to impact them both at the local as well as the international level.

9 August 2018

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.

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