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Gold Rate in Kerala (2nd December 2022)

Dec 2, 2022
4,930 /Gram(22ct) 55

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 22K Today 22K Yesterday Price Change
1 gram 4,930 4,875 55
8 gram 39,440 39,000 440
10 gram 49,300 48,750 550
100 gram 4,93,000 4,87,500 5,500

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

Gram 24K Today 24K Yesterday Price Change
1 gram 5,378 5,318 60
8 gram 43,024 42,544 480
10 gram 53,780 53,180 600
100 gram 5,37,800 5,31,800 6,000

* The above gold rates are indicative and do not include GST, TCS and other levies. For the exact rates contact your local jeweller.

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

Date 22K 24K
Dec 2, 2022 49,300 550 53,780 600
Dec 1, 2022 48,750 200 53,180 210
Nov 30, 2022 48,550 90 52,970 90
Nov 29, 2022 48,460 -100 52,880 -100
Nov 28, 2022 48,560 0 52,980 0
Nov 27, 2022 48,560 10 52,980 10
Nov 26, 2022 48,550 0 52,970 0
Nov 25, 2022 48,550 0 52,970 0
Nov 24, 2022 48,550 300 52,970 330
Nov 23, 2022 48,250 -100 52,640 -110

Weekly & Monthly Graph of Gold Price in Kerala

Historical Price of Gold Rate in Kerala

  • Gold Price Movement in Kerala, November 2022
  • Gold Rates 22K 24K
    1 st November rate Rs.46,550 Rs.50,780
    30th November rate Rs.48,550 Rs.52,970
    Highest rate in November Rs.48,750 on November 11 Rs.53,180 on November 11
    Lowest rate in November Rs.46,100 on November 4 Rs.50,290 on November 4
    Over all performance Rising Rising
    % Change +4.30% +4.31%
  • Gold Price Movement in Kerala, October 2022
  • Gold Price Movement in Kerala, September 2022
  • Gold Price Movement in Kerala, August 2022
  • Gold Price Movement in Kerala, July 2022
  • Gold Price Movement in Kerala, June 2022
  • Gold Price Movement in Kerala, May 2022

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.

Outlook for gold price in Kerala in 2022

Gold rates in Kerala have remained steady over the year 2021. However, going forward the state may see an increasing volatility in prices. In 2022 we project gold rates in Kerala could trend lower if the US Federal Reserve aggressively tightens interest rates.

Already, there are worries that the US central bank would stop its bond buying programme completely. Now, let us explain what this has to do with gold prices in Kerala. Prices of the precious metal in the state largely depends on international gold price movement and these in turn depend on how interest rates internationally pan out, particularly in the US.

The US Central bank has been undertaking a bond buying programme to the tune of $120 billion in monthly Treasury bond and mortgage-backed security purchases. This has now been reduced and possibility this could be completely eliminated in the months to come. This tends to have an impact on bond prices, which when they move higher pushes gold prices lower.

We believe that gold rates in Kerala would hence depend on how US bond prices move, inflation data and the action of the US Central Bank. All in all, expect prices to move in a tight band in 2022 and expect to be highly volatile should the US central bank's action be more aggressive.

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.

Reputed Jewellers in Kerala From Where You Can Buy Gold.

BHIMA Jewellers:

The expert says that "Bhima Jewellery is one of the most trusted gold jewellers in Kochi, Kerala. They have an eight-decade legacy built on honest, quality and ethical business practices. The Bhima jewellers have professional staff members who pay personalized attention to receive each customer to know their needs and wants to suggest the jewellery products with satisfactory service. They offer a wide variety of wonderful pieces of traditional jewellery.

Bhima in Kochi has a dazzling stock of jewellery in gold, silver and platinum to suit customer tastes. With unique designs and impressive craftsmanship, You will be amazed as long as you visit their store. Bhima Jewellery offers constant jewellery, cleaning and inspection services to their valued customers. They also do ear and nose piercings. Bhima Jewellery in Kochi is also located in Kannur, Kollam, Kottayam, Kozhikode, Madurai, Mysore, Nagercoil, Thrissur, Thiruvananthapuram, and Udupi.

There was no change in the price of the yellow metal when the rate was compared to what was charged in the last week. The current price of yellow metal in Bhima jewellers for 22- karat gold cost Rs. 4,510. The highest and lowest prices of the precious metal in the month have been recorded so far on December 13th and 4th. On particular dates, a gram of gold cost Rs 4,510 and Rs. 4,475 respectively.

Cleaning and repairing is an integral part of jewellery maintenance. Also, Bhima jewellers offer constant jewellery cleaning and inspection services to their valued customers in selected locations.

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 Prices in Kerala Jumps

The gold prices became dearer in Kerala despite being constant in the bullion markets.

The gold rates in Kerala were recorded at Rs 48,550 for 10 grams of 22 karats and Rs 52,970 for 10 grams of 24 karats.

In the bullion markets, spot gold was trading at $1,755 per ounce and U.S. gold futures at $1,747 per ounce.

For November, U.S. consumer confidence declined to a four-month low, as households have refrained from spending on big budget purchases as fears of recession grow. High inflation and rising borrowing cost have raised the risks of economic slowdown.

Powell’s speech is scheduled at Brookings Institution. The recent comments from the Fed officials to ease their aggressive stance on rate hikes have bolstered the metal to gain strength in the bullion markets.

The hike in interest rates tends to diminish the bullion’s appeal as metal pays no interest.

Meanwhile, the surge in the pandemic cases in China has continued to risk the dragon country’s economy, the head of the International Monetary Fund noted. He added that the fund may have to revise its growth projections towards descending value.

30 November 2022
The Gold Prices in Kerala Remains Same

The gold rate held steady in Keral despite falling gold markets as China battles rising Covid cases. The prices of gold in Kerala were recorded at Rs.48,560/- for 10 grams of 22 carats and Rs.52,980/- for 10 grams of 24 carats.

On the global platform, spot gold was traded at $1,758 per ounce and US gold futures at $1,750 per ounce.

The metal declined in bullion markets as China witnessed rampant protests in several cities over strict Covid-19 restrictions. The metal, which had seen growth last week, declined in Monday's trading session as the dollar extended its gains.

Gold and the US currency share an inverse relationship, falling in value will cause the dollar to soar and vice versa.

The land of the dragon reported new record cases of a new local pandemic case for the fifth consecutive day. Cities like Chongquing and Guangzhou are struggling to curb the outbreak of cases as hundreds of infections have been recorded in several cities across the country.

Hundreds of protesters and police clashed in Shanghai yesterday as China imposed strict restrictions on Covid-19 and spread in several cities following the deadly blaze in the far west of the country.

The dollar index, the measure of the U.S. dollar against a basket of rival currencies, rose 0.4% and made the ornamental metal priced at the greenback more expensive for buyers holding other currencies.

28 November 2022
Gold Prices Dormant in Kerala

The gold prices are dormant in Kerala following trends from the bullion markets. The gold rates in Kerala were seen trading at $48,550 for 10 grams of 22 karats and Rs 52,970 for 10 grams of 24 karats.

In the international forum, the spot gold was trading at $1.758 an ounce and U.S. gold futures at $1,755 per ounce.

The metal remained dull during today’s trade session, as it followed cues from the bullion markets. The aggressive stance by the U.S. Fed on the interest rates for this year has kept a leash on the non-yielding gold’s traditional status. The ornamental metal acts as a hedge against inflation and currency debasement.

Traders are expecting that the rate hike will be smaller and is likely to be 50 basis points. The outcome will be decided at the December meeting of the Fed.

China, the world’s largest consumer of the ornamental metal reported a surge in the pandemic cases, as cities across the nation continued to enforce mobility measures to curtail further outbreaks. The situation is likely to hamper the economic growth of the dragon nation during the quarter.

The current situation in China is likely going to be a front-burner issue for the marketplaces, as the country witnesses a jump in pandemic-related cases risking economic growth.

 

26 November 2022
Gold Prices Stagnant in Kerala

The gold prices are stagnant in Kerala following cues from the bullion markets. The gold rates in Kerala were seen at Rs 48,550 for 10 grams of 22 karats and Rs 52,970 for 10 grams of 24 karats.

In the international scenario, spot gold was seen at $1,755 per ounce and U.S. gold futures at $1,753 per ounce.

Gold and the dollar share an inverse relationship, the rising interest rates will bolster the value of the U.S. dollar weighing on the prices of ornamental metals to decline.

The metal is trading at around $1,750 per ounce in the bullion markets after declining from the $1,800 an ounce level.

The Fed hiked interest rates by 75 basis points four consecutive times to date, to tame inflation rates. But the easing signs of inflation have prompted the Fed to tone down its aggressive stance on rate hikes.

Traders are expecting the Fed to hike interest rates by a 50 basis point hike in the December meeting.

The minutes of the Fed’s November meeting have given a clear stance from the Fed members who think to go for smaller rate hikes in the coming days. Most of the policymakers of the Fed have agreed that it would be appropriate to slow down the pace of rate hikes.

25 November 2022
Gold Prices Firms in Kerala

The gold prices firmed in Kerala following cues from the bullion markets. The metal grew and traded at Rs 48,550 for 10 grams of 22 karats and Rs 52,970 for 10 grams of 24 karats.

In the international markets, spot gold stood at $1,756 per ounce and U.S. spot gold was seen at $1,750 per ounce.

The prices of the metal bounced above $1,750 per ounce during today’s trade session as it consolidated gains after minutes of the U.S. Federal Reserves were released.

The lower interest rates will tend to lift the appeal for bullion as against the other interest-bearing assets. Usually, higher interest rates will diminish the appeal of the precious metal.

The outcome of the FOMC meeting minutes has tilted slightly dovish on the U.S. monetary policy. The FOMC members recommended slowing the pace of the U.S. interest rate hikes. They also see a higher terminal Fed funds rate than their earlier expectations. Few of the members of the Fed are worried that the tightening monetary policy is more than required.

The Fed fund futures are now expecting an 85% chance of a 50-basis points hike in the December meeting.

The continued hike in interest rates by the Fed had capped the growth of the yellow metal. But the easing signs of inflation have made the Fed signal slower rate hikes in the coming days.

24 November 2022
Gold Prices Down in Kerala

The gold prices declined marginally in Kerala despite being unmoved in the bullion markets. The gold rate today in Kerala was seen at Rs 48,250 for 10 grams of 22 karats and Rs 52,640 for 10 grams of 24 karats.

In the global scenario, spot gold stood at $1,740 per ounce and U.S. gold futures at $1,742 per ounce.

The metal stood still in the bullion markets during Wednesday’s trade session, as investors are waiting to see the outcome of the Fed’s minutes from the recent policy meeting. The outcome of the meeting could give cues for the future of interest rate hikes.

So far for the year, the Fed has hiked interest rates by 75 basis points four consecutive times. The surge in the inflation rates had pressurized the central bank to take an aggressive stance on rate hikes.

Analysts note that the U.S. central bank may require to hike rates to a higher level and hold them stagnant there for a long period to successfully moderate consumer demand and tame the inflation rates.

The ornamental metal acts as a hedge against inflation and currency debasement. But the aggressive stand by the Fed to bring down inflation has taken away sheen from the metal.

23 November 2022
Gold Prices Dip by Rs 150 for 22 karats in Kerala

The gold prices dipped in Kerala despite witnessing growth in the bullion markets. The gold rate today in Kerala was seen at Rs 48,350 for 10 grams of 22 karats and Rs 52,750 for 10 grams of 24 karats.

In the global platform, spot gold was recorded at $1,742 per ounce and U.S. gold futures at $1,741 per ounce.

The metal managed to tick up in the bullion market after retreating as much as 1% during the previous session. The Fed’s aggressive stance on rate hikes has eased and has helped the metal to climb up in the bullion markets. Usually, higher interest rates will diminish the value of the ornamental metal.

The bullion witnessed a drop for the fourth straight session yesterday as investors preferred to invest in the safe-haven asset to hedge against the surge in the pandemic cases in China. China is reporting fresh Covid cases fuelling worries over the global economic outlook.

The metal edged up today after retreating as much as 1% during the previous session following the weak dollar value. Gold and the dollar share an inverse relationship, the fall in the dollar will uplift the gold prices and vice versa.

Traders are betting that the Fed will ease the rate hikes and mostly will go with a 50 basis point hike in the upcoming meeting.

22 November 2022
Gold Prices Slips in Kerala by Rs 100 for 22 karats

The gold prices slipped in Kerala today following cues from the bullion markets. The gold rates today in Kerala stand at Rs 48,500 for 10 grams of 22 karats and Rs 52,920 for 10 grams of 24 karats.

In the international platform, spot gold was trading at $1,740 per ounce and U.S. gold futures at $1,739 per ounce.

The metal kickstarted the week on a lowkey note as it declined during Monday’s trade session, following the surge in the dollar value. Gold, the precious metal shares an inverse relationship with the U.S. currency. The rise in the dollar will diminish the value of the safe-haven bet and vice versa.

Investors are looking out for a fresh breakout in the pandemic cases in China. China, the dragon country is the top bullion consumer in the world. The physical gold premiums declined sharply last week as purchasing slowed.

Meanwhile, the attention of the markets remains fixed on the minutes of the U.S. Federal Reserve’s November meeting scheduled during the holiday-shortened week.

The U.S. currency grew 0.7% and weighed on the precious metal as it made it expensive for those holding other countries' currencies.

Analysts note that China, the dragon country is an active market for ornamental metal and if the existing lockdown continues then the yellow metal will have to face negativity from the overall economic environment.

21 November 2022
Gold Prices Stationary in Kerala

The gold prices are stationary in Kerala despite slipping in the bullion markets as rate hike prospects grow. The gold rates in Kerala are seen at Rs 48,600 for 10 grams of 22 karats and Rs 53,020 for 10 grams of 24 karats.

In the international scenario, spot gold was recorded at $1,754 per ounce and U.S. gold futures at $1,750 an ounce.

The metal headed for a weekly decline as the prices fell on Friday’s trade session. The ornamental metal declined in the international market and is set for a weekly fall following rate hike prospects from the Fed. The U.S. Federal Reserve officials indicated more rate hikes in the coming days as the bank seeks to bring down inflation.

Federal Reserve Bank of Boston leader Susan Collins noted on Friday that the U.S. Central Bank will hike more interest rates in the future as it seeks to lower inflation rates, he further added that a 75-basis point rate hike was still on the table.

Federal Reserve Bank of Boston leader Susan Collins noted on Friday that the U.S. Central Bank will hike more interest rates in the future as it seeks to lower inflation rates, he further added that a 75-basis point rate hike was still on the table.

The metal has lost 15% of its value since its March peak after the Fed started tightening its monetary policy by hiking interest rates aggressively. The bullion has managed to gain around 7% since the beginning of November as markets started pricing at a slower pace of rate hikes.

20 November 2022
Gold Prices Firm in Kerala at Rs 48,750 for 22 karats

The gold prices are firm in Kerala, yet the metal recorded weekly gains for the third week of November. The gold rates in Kerala stood at Rs 48,750 for 10 grams of 22 karats and Rs 53,180 for 10 grams of 24 karats.

In the global scenario, spot gold was seen at $1,763 per ounce and U.S. gold futures at $1,765 per ounce.

The metal stood still in the local markets in Kerala, yet it headed for weekly gains as Fed’s aggressive stance on rate hikes eases. Higher interest rates diminish the value of the metal and vice versa.

Markets are betting 87% chance of a 50-basis point rate hike by the Fed in its upcoming meeting for December after a record four straight 75-basis point rate hikes. The loosening of the monetary policy led to a surge in the inflation rates forcing most of the central banks globally to take an aggressive stance on rate hikes.

Despite many negative aspects, the metal has managed to head towards reporting its best during the third week of November. The hawkish stance from Fed officials and stronger-than-expected data of monthly retail sales has put brakes on a pullback triggering signs of easing inflation.

18 November 2022

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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