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Gold Rate in Kerala (23rd July 2018)

Jul 23, 2018
₹ 2,796 /Gram(22ct) ₹ 1

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 ₹ 2,796 ₹ 2,795 ₹ 1
8 gram ₹ 22,368 ₹ 22,360 ₹ 8
10 gram ₹ 27,960 ₹ 27,950 ₹ 10
100 gram ₹ 2,79,600 ₹ 2,79,500 ₹ 100

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

Gram 24 Carat Gold
24 Carat Gold
Daily Price Change
1 gram ₹ 3,034 ₹ 3,033 ₹ 1
8 gram ₹ 24,272 ₹ 24,264 ₹ 8
10 gram ₹ 30,340 ₹ 30,330 ₹ 10
100 gram ₹ 3,03,400 ₹ 3,03,300 ₹ 100

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

Date 22 Carat 24 Carat
Jul 23, 2018 ₹ 27,960 ₹ 30,340
Jul 21, 2018 ₹ 27,950 ₹ 30,330
Jul 20, 2018 ₹ 27,760 ₹ 30,320
Jul 19, 2018 ₹ 27,760 ₹ 30,310
Jul 18, 2018 ₹ 27,750 ₹ 30,300
Jul 17, 2018 ₹ 28,000 ₹ 30,540
Jul 16, 2018 ₹ 28,010 ₹ 30,550
Jul 14, 2018 ₹ 28,000 ₹ 30,200
Jul 13, 2018 ₹ 28,110 ₹ 30,250
Jul 12, 2018 ₹ 28,100 ₹ 30,240

Weekly & Monthly Graph of Gold Price in Kerala

Historical Price of Gold Rate in Kerala

  • Gold Price Movement in Kerala, June 2018
  • Gold Rates 22 Carat 24 Carat
    1 st June rate Rs.28,650 Rs.31,250
    30th June rate Rs.28,100 Rs.30,400
    Highest rate in June Rs.28,760 on June 1 Rs.31,250 on June 1
    Lowest rate in June Rs.28,100 on June 27 Rs.30,400 on June 27
    Over all performance Falling Falling
    % Change -1.92% -2.72%
  • Gold Price Movement in Kerala, May 2018
  • Gold Price Movement in Kerala, April 2018
  • Gold Price Movement in Kerala, March 2018
  • Gold Price Movement in Kerala, February 2018
  • Gold Price Movement in Kerala, January 2018

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.

Latest Updates on Kerala Gold Rates

Gold rates down in Kerala

Indications from the international market showed that gold rates in Kerala inched down due to strength in US dollar, which rose against a basket of currencies, and U.S. bond yields increased.

Currently, spot gold price at the local gold shops was down to 0.1 percent at Rs.28,070 per gram. Kerala holds huge importance in the global market for the precious yellow metal and not just in India.

Kerala is a state which is a great marketplace for Yellow metal investors and buyers alike. Today gold rates in Kerala were moved down compared to the previous price at Rs.28,070 for 22 karats and Rs.29,530 for 24 karats.

30 January 2018
Gold price Remains Stable in Kerala

Reports from the international market show that the precious yellow metal price in Kerala remains stable. In the global market, gold rates were steady due to the softer dollar as the U.S. government shutdown. So the investors moved to gold than a dollar.

If the gold price rises, the US dollar will dip and Vice Versa. Since last one week, highest price noted is at Rs.27,950 for 22 karats, and Rs.30,490 for 24 karats on Jan 17th, and lowest price is at Rs.27,700 for 22 karats and Rs.30,218 for 24 karats on Jan 15th.

Today gold rates in Kerala were unchanged at Rs.27,880 for 22 karats and Rs.30,414 for 24 karats. Previously gold prices in Kerala noted at Rs.27,850 for 22 karats and Rs. 30,381 for 24 karats. Multi Commodity Exchange also saw a lower opening at Rs.19 and spot gold price in Kerala local gold shops has remained unchanged at Rs.27,850 per gram.

23 January 2018
22 and 24 karats gold prices rise in Kerala

Yesterday gold rates in Kerala noted at Rs.27,760 for 22 karats and Rs.30,283 for 24 karats. Kerala gold rates mainly depend upon the international market. Today in International market gold rates slightly moved high as the previous price due to dollar hurt by U.S. government shutdown. These factor impacted on gold rates in Kerala.

Multi Commodity exchange also saw a high in the opening by Rs.123. Spot gold price in Kerala local gold Jewellery moved to 0.46 percent at Rs.27,780 per gram compared to yesterday today it increased to 0.21 percent. Current gold rates in Kerala moved flat high at Rs.27,780 for 22 karats and Rs.30,305 for 24 karats. Price variation between yesterday to today is an increase of Rs.30.

20 January 2018
Gold rates stable in Kerala

The yellow metal rate in Kerala has been fluctuating quite a bit since the beginning of the year. At the beginning of the year in Jan 2017, it was Rs.28,150 per gram, and at the end of Jan, it was Rs.29,450 per gram. Spot gold price in Kerala at the local gold shops was stable at Rs.27,100 for 22 karats and Rs.29,563 for 24 karats. Currently, gold rates in Kerala are trading at Rs.27,120 for 22 karats and Rs.29,585 for 24 karats. Price variation compared from yesterday to today was an increase by Rs. 20.

29 December 2017
Gold rates edges down in Kerala

In last year, gold rates in Kerala were traded in way higher than they are today. The highest gold rates noted in the city on Dec 2016 was at Rs.29.050 per gram. The lowest rates were noted at Rs.27,600 per gram on Dec 21st. The overall performance of gold rates in the city was a decline of 3.09 percent over the last one year.

Gold rates in Kerala mainly depend upon the international market. Hints from the global market suggest that gold rates in Kerala were down today. Previously gold prices noted in the city at Rs.26,300 for 22 karats and Rs.28,690 for 24 karats.

Current price in Kerala was at Rs.26,250 for 22 karats and Rs.28,636 for 24 karats. This impacted the domestic spot gold price in at the Kerala gold shops, which were down to 0.1 percent at Rs.26,250 per gram. Multi Commodity Exchange also saw an lower by Rs.77.

18 December 2017
Gold rates higher in Kerala

Gold rates in Kerala depends mainly on the international market. Hence, if prices go up in the global market, Kerala gold rate increases and vice versa. There are other factors which affect price in Kerala such as festivals and occasions.

Today in the global market the gold rates were high compared to the previous session. Friday 22 karats gold rates in Kerala were at Rs.26,600 and Rs.29,018 for 24 karats. Spot gold price in Kerala local jewelry shops was up to 0.4 percent. Multi Commodity Exchange also saw an opening higher by Rs.63.

From the past ten days the gold rates in city trading in a narrow band range. Current gold rates in Kerala was up at Rs.26,600 for 22 karats and Rs.29,018 for 24 karats.

16 December 2017
Gold rates steady in Kerala

Gold is auspicious in Kerala and gold is a financial investment tool. Gold rates in Kerala have been varying since the beginning of the year. In January, gold price in Kerala has been largely positive. A certain fall in the price of gold was also recorded due to a mismatch between expected and actual demand from the overseas. Gold rates in Kerala mainly depend upon international gold rates.

Today in the international market gold rates were steady when compared to the previous session. Due to the dollar which was on the defensive after wrangling over a bill to change the U.S. tax code dented confidence. Spot gold was nearly unchanged at $1,253.20 an ounce.

These factors impacted gold rates in Kerala and spot gold price in Kerala at the local gold shops were also unchanged at Rs.26,700 per gram. Current gold rates in Kerala were unchanged from yesterday's price at Rs.26,700 for 22 karats and Rs.29,127 for 24 karats.

15 December 2017
Gold rates inched up in Kerala

Gold is available in Kerala for trading, investing, buying and selling as well as in the form of gaining financial aid through loans in this state. Gold rate in Kerala has been subjected to increase and decrease due to varying demands and decrease in the US dollar.

Gold rates in Kerala mainly depend upon the international market. Today in the global market the gold rates are inched up due to the Federal Reserve raised interest rates.Spot gold price in the international market was up 0.15 percent at $1,257.11 an ounce. In last month Nov gold rates in Kerala fallen to 0.18 percent.

Spot gold price in Kerala local gold shop also inched up to 0.15 percent at Rs.26,500 per gram. Today 22 karats gold rates in Kerala were noted at Rs.26,500 for 22 karats and Rs.28,909 for 24 karats.

14 December 2017
Gold in Kerala gains

Gold price in Kerala is on an upward trend from the past few weeks. Gold rates in Kerala were trading at Rs 26,800, and its seems shortly it will cross Rs 27,000 mark. The Political tensions between the US and North Korea is making the investors cautious and increasing the demand for the precious metal. Gold in the International Markets recently hit a seven week high. If we see, The Nifty had hit 10,000 mark last month for the first time and also the Sensex traded at great levels in the month of July. Few investors are afraid that this up in the market will bounce back and markets will fall so few investors are waiting for the fall in the gold price in Kerala so that they can invest in gold.

As of now the price at which the gold in Kerala is trading is not a good price to invest in it. So it is advised to the investors to hold steady for few days until the gold price in Kerala fall.

2 August 2017
Gold rates in Kerala up

Gold rates in Kerala were higher as gold prices in international markets saw a significant increase. Spot gold went up by 0.78 per cent and was trading around $1,268 an ounce. This sudden rise in the gold price in the International Markets may influence the gold rates in Kerala as well. Gold for 22 karats mostly trades below Rs 27,000 mark per 10 grams. The Dollar is falling against the major currencies, this fall in the Dollar is pushing the gold up. If this fall in the Dollar continues, gold price in Kerala for 22 karats may go above Rs 27000.

Gold on Monday may open at good levels as the ballistic Missle test by the North Korea may influence the precious metal. The intercontinental ballistic missile landed into the Sea of Japan. This move by the North Korea has increased the global uncertainties as the experts say the now the New York City and Boston are in the range of North Korea's missile.

29 July 2017

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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