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Gold Rate in Kerala (4th December 2021)

Dec 4, 2021
4,475 /Gram(22ct) 30

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
Today
22 Carat Gold
Yesterday
Daily Price Change
1 gram 4,475 4,445 30
8 gram 35,800 35,560 240
10 gram 44,750 44,450 300
100 gram 4,47,500 4,44,500 3,000

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

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram 4,882 4,849 33
8 gram 39,056 38,792 264
10 gram 48,820 48,490 330
100 gram 4,88,200 4,84,900 3,300

* 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 22 Carat 24 Carat
Dec 4, 2021 44,750 300 48,820 330
Dec 3, 2021 44,450 -150 48,490 -160
Dec 2, 2021 44,600 0 48,650 0
Dec 1, 2021 44,600 -250 48,650 -280
Nov 30, 2021 44,850 -100 48,930 -110
Nov 29, 2021 44,950 -90 49,040 -100
Nov 28, 2021 45,040 -10 49,140 -10
Nov 27, 2021 45,050 200 49,150 220
Nov 26, 2021 44,850 150 48,930 170
Nov 25, 2021 44,700 0 48,760 0

Weekly & Monthly Graph of Gold Price in Kerala

Historical Price of Gold Rate in Kerala

  • Gold Price Movement in Kerala, November 2021
  • Gold Rates 22 Carat 24 Carat
    1 st November rate Rs.44,700 Rs.48,770
    30th November rate Rs.44,850 Rs.48,930
    Highest rate in November Rs.46,150 on November 10 Rs.50,350 on November 10
    Lowest rate in November Rs.44,550 on November 3 Rs.48,600 on November 3
    Over all performance Rising Rising
    % Change +0.34% +0.33%
  • Gold Price Movement in Kerala, October 2021
  • Gold Price Movement in Kerala, September 2021
  • Gold Price Movement in Kerala, August 2021
  • Gold Price Movement in Kerala, July 2021
  • Gold Price Movement in Kerala, June 2021
  • Gold Price Movement in Kerala, May 2021

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

In Kerala Gold Rates Fell By Rs. 150

Today in Kerala 22 carat gold rates fell by Rs.

150 and 24 carat gold rates fell by Rs. 160. Today the Comex gold futures gained by 0.51% and were quoted at $1769.7/oz, while the spot gold prices gained by 0.19%, and were quoted at $1773.2/oz till last traded. Yesterday Comex gold futures closed at $1760.7/oz. On the other hand, the US dollar index in the spot market stood at 96.14, gained by only 0.05%. Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in February future quoted at Rs. 47,650/10 grams, rising by 0.53%, till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4445 today, yesterday it was Rs. 4460. So, 100 grams of 22 carat gold rate today is quoted at Rs. 444500.

For the 24 carat gold, the rate is Rs. 4849, yesterday it was Rs. 4865. Today the price of 100 grams 24 carat gold is quoted at Rs. 484900.

Inflation is one of the most important reasons behind the change in gold rates. With rising inflation, gold rates usually gain, while inflation stays under control, gold rates too do not react bullishly. However, in December, gold rates are not reacting in that way. Major economies across the world are facing challenges regarding inflation, whilst the USA is experiencing the headline inflation rate at the highest level in the past 30 years. So, as a hedge against inflation, gold rates should react bullishly, but the metal is reacting bearish, globally.

3 December 2021
In Kerala Gold Rates Remained Flat

Today in Kerala gold rates remained flat today. Today the Comex gold futures fell by 0.95% and were quoted at $1764.7/oz, while the spot gold prices fell by 0.83%, and were quoted at $1768/oz till last traded. Yesterday Comex gold futures closed at $1781.6/oz. On the other hand, the US dollar index in the spot market stood at 96.09. falling by only 0.05%. Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in February future quoted at Rs. 47,406/10 grams, falling by 0.97%, till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4460 today, yesterday it was Rs. 4460. So, 100 grams of 22 carat gold rate today is quoted at Rs. 446000.

For the 24 carat gold, the rate is Rs. 4865, yesterday it was Rs. 4865. Today the price of 100 grams 24 carat gold is quoted at Rs. 486500.

The World Health Organization (WHO) has mentioned that vaccines can offer some protection against the new Omicron Covid variant. Additionally, it is being discussed that the Omicron variant is not as severe as earlier Covid variants, rather it might be milder. This news has eased investors' concerns over the market and the economy. Investors again gained confidence that has pulled gold prices down internationally. The US stock indexes also reacted higher overnight. So, the crude oil market along the gold market is plunging marginally.

2 December 2021
In Kerala 22 Carat Gold Rates Fell By Rs. 250/10 grams

Today in Kerala 22 carat gold rates fell by Rs. 250 and 24 carat gold rates fell by Rs. 280/10 grams. Today the Comex gold futures gained by 0.52% and were quoted at $1782/oz, while the spot gold prices gained by 0.40%, and were quoted at $1782.9/oz till last traded. Yesterday Comex December gold futures closed at $1773.6/oz. On the other hand, the US dollar index in the spot market stood at 95.97. Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in February future quoted at Rs. 47,870/10 grams, gained by 0.14%, till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4460 today, yesterday it was Rs. 4485. So, 100 grams of 22 carat gold rate today is quoted at Rs. 446000.

For the 24 carat gold, the rate is Rs. 4865, yesterday it was Rs. 4893. Today the price of 100 grams 24 carat gold is quoted at Rs. 486500.

The Global gold business did not gain much as the US manufacturing sector published a steady report for November, the Institute for Supply Management (ISM). The ISM stated that its manufacturing index stood at 61.1% for November, that increased October's data at 60.8%.

2 December 2021
In Kerala Gold Rates Declined By Rs. 100

Today in Kerala 22 carat gold rates fell by Rs. 100 and 24 carat gold rates fell by Rs. 110/10 grams. Today the Comex gold December futures gained by 0.59% and were quoted at $1792/oz, while the spot gold prices gained by 0.44%, and were quoted at $1793.3/oz till last traded. Yesterday Comex December gold futures closed at $1782.3/oz. On the other hand, the US dollar index in the spot market stood at 95.78. falling by only 0.43%. Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in February future quoted at Rs. 48,187/10 grams, gained by 0.41%, till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4485 today, yesterday it was Rs. 4495. So, 100 grams of 22 carat gold rate today is quoted at Rs. 448500.

For the 24 carat gold, the rate is Rs. 4893, yesterday it was Rs. 4904. Today the price of 100 grams 24 carat gold is quoted at Rs. 489300.

After a significant surge in headline inflation (CPI) and Personal Consumption Expenditures (PCE) in the USA, immediately gold rates rallied up. But this week, gold is not showing a major gain in the first two trading days, however, the rates are not falling. Today's gold rate average is $1782-$1795/oz in the global market.

30 November 2021
In Kerala 22 Carat Gold Rates Fell By Rs. 90

Today in Kerala 22 carat gold rates fell by Rs. 90 and 24 carat gold rates fell by Rs. 100/10 grams. Today the Comex gold December futures gained by 0.46% and were quoted at $1793/oz, while the spot gold prices fell by 0.04%, and were quoted at $1793.5/oz till last traded. Yesterday Comex December gold futures closed at $1785/oz. On the other hand, the US dollar index in the spot market stood at 96.19. falling by only 0.01%. Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in February future quoted at Rs. 48,147/10 grams, gained by 0.39%, till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4495 today, yesterday it was Rs. 4505. So, 100 grams of 22 carat gold rate today is quoted at Rs. 449500.

For the 24 carat gold, the rate is Rs. 4904, yesterday it was Rs. 4915. Today the price of 100 grams 24 carat gold is quoted at Rs. 490400.

Gold and silver, both of these metals have gained marginally in the international spot and future markets. Risk sentiment in the Asia Pacific region has been low overnight, as The Nikkei 225 (-1.63%), ASX (-0.54%), and Shanghai Composite (-0.04%) all struggled in the morning. However, the futures markets in Europe reacted positively. Gold is now heading towards $1800/oz globally.

29 November 2021
In Kerala 22 Carat Gold Rates Gains By Rs. 200

Today in Kerala 22 carat gold rates gains by Rs. 200 and 24 carat gold rates gains by Rs. 220/10 grams. Today the Comex gold December futures gained by 0.07% and were quoted at $1785/oz, while the spot gold prices fell by 0.15%, and were quoted at $1786.7/oz till last traded. Yesterday Comex December gold futures closed at $1784.3/oz. On the other hand, the US dollar index in the spot market stood at 96.07. Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in December future quoted at Rs. 47,640/10 grams, gained by 0.46%, till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4505 today, yesterday it was Rs. 4485. So, 100 grams of 22 carat gold rate today is quoted at Rs. 450500.

For the 24 carat gold, the rate is Rs. 4915, yesterday it was Rs. 4893. Today the price of 100 grams 24 carat gold is quoted at Rs. 491500.

Gold prices are rising in the international markets again, after a short-term fall, after the reappointment of Jerome Powell as the US Fed Chairman. But the PCE and CPI inflation concerns along with worries about the new Covid variant reported in South Africa, are again pushing investors towards gold. The precious metal again proved to be the safe-haven asset during a crisis.

27 November 2021
In Kerala 22 Carat Gold Rates Gains By Rs. 150

Today in Kerala 22 carat gold rates gains by Rs. 150 and 24 carat gold rates gains by Rs. 170/10 grams. Today the Comex gold December futures gained by 1.47% and were quoted at $1810.5/oz, while the spot gold prices fell by 1.52%, and were quoted at $1816.5/oz till last traded. Yesterday Comex December gold futures closed at $1784.3/oz. On the other hand, the US dollar index in the spot market stood at 96.25, falling by 0.54%. Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in October future quoted at Rs. 48,200/10 grams, gained by 1.64%, till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4485 today, yesterday it was Rs. 4470. So, 100 grams of 22 carat gold rate today is quoted at Rs. 448500.

For the 24 carat gold, the rate is Rs. 4893, yesterday it was Rs. 4876. Today the price of 100 grams 24 carat gold is quoted at Rs. 489300.

A new variant of the Coronavirus is keeping the markets under pressure, hence gold rates are increasing. According to reports, gold traded 0.80% higher, and silver traded 0.29% higher at $23.64/oz, overnight as worries of a new Covid-19 variant hit the markets. A coronavirus increase will lead to hurdles for economic activities. Earlier the delta variant of the Covid virus impacted the second wave largely. The pandemic affects both the supply chain and manufacturing sectors that certainly breaks the ecosystems of the demand-supply chain. So, investors intend to reply on assets like gold and other precious metal.

27 November 2021
In Kerala 22 Carat Gold Rates Quoted At Rs. 44700

Today in Kerala gold rates remained flat. Today the Comex gold December futures gained by 0.38% and were quoted at $1791/oz, while the spot gold prices fell by 0.11%, and were quoted at $1792/oz till last traded. Yesterday Comex December gold futures closed at $1784/oz. On the other hand, the US dollar index in the spot market stood at 96.73, falling by 0.10%. Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in October future quoted at Rs. 47,464/10 grams, gained by 0.05%, till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4470 today, yesterday it was Rs. 4470. So, 100 grams of 22 carat gold rate today is quoted at Rs. 447000.

For the 24 carat gold, the rate is Rs. 4876, yesterday it was Rs. 4876. Today the price of 100 grams 24 carat gold is quoted at Rs. 487600.

Yesterday USA's labor market data got published stating that the weekly jobless claims dropped by 71,000 to 199,000, down from the previous week's revised estimate of 268,000 claims. Additionally, the Bureau of Economic Analysis (BEA), USA, today Personal Consumption Expenditures (PCE) Price Index went to 5% YoY, in October, rising by 0.6%. these two reports influenced today's gold rates, in the global markets.

25 November 2021
In Kerala 22 Carat Gold Rates Dropped By Rs. 350

Today in Kerala 22 carat gold rates fell by Rs. 350, while 24 carat gold rates fell by Rs. 390/10 grams. Today the Comex gold December futures gained by 0.30% and were quoted at $1789/oz, while the spot gold prices fell by 0.10%, and were quoted at $1788.9/oz till last traded. Yesterday Comex December gold futures closed at $1783/oz. On the other hand, the US dollar index in the spot market stood at 96.69, gained by 0.18%. Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in October future quoted at Rs. 47,395/10 grams, dropped by 0.08%, till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4470 today, yesterday it was Rs. 4505. So, 100 grams of 22 carat gold rate today is quoted at Rs. 447000.

For the 24 carat gold, the rate is Rs. 4876, yesterday it was Rs. 4915. Today the price of 100 grams 24 carat gold is quoted at Rs. 487600.

In India, gold rates have fallen sharply in 2 consecutive days, which is profitable for common buyers in the wedding season, and for investors who are buying digital gold or gold ETFs. Gold demands are expected to pull off higher this last week of November. Being optimistic about gold performance internationally, Kai Hoffmann, CEO of Oreninc told Kitco, “Themes we've been hearing [at the conference] is outflows from crypto into gold. Bitcoin (supply)…is limited and gold is not, meaning that bitcoin may pop. It's very, very volatile. Gold is more stable.”

24 November 2021
In Kerala 22 Carat Gold Rates Fell By Rs. 690

Today in Kerala gold rates fell by Rs. 690. Today the Comex gold December futures fell by 0.51% and were quoted at $1797/oz, while the spot gold prices gained by 0.34%, and were quoted at $1799/oz till last traded. Yesterday Comex December gold futures closed at $1807/oz.

On the other hand, the US dollar index in the spot market stood at 96.41. Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in October future quoted at Rs. 47,654/10 grams, dropped by 0.56%, till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4505 today, yesterday it was Rs. 4574. So, 100 grams of 22 carat gold rate today is quoted at Rs. 450500.

For the 24 carat gold, the rate is Rs. 4915, yesterday it was Rs. 4990. Today the price of 100 grams 24 carat gold is quoted at Rs. 491500.

Gold rates have fallen sharply today, as US President Joe Biden announced Jerome Powell's name as the next US Fed Chairman. Earlier, analysts were expecting a more dovish President. Then gold rates could hike more. But with the announcement of Powell, the monetary policy of the country is anticipated to remain the same.

23 November 2021

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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