Gold Rates in Kerala
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
Gold holds a significant place in the cultural and economic fabric of Kerala. It's not just a precious metal but a symbol of wealth, prosperity, and social status. Traditionally, families in Kerala pass down gold heirlooms across generations, treasuring them as both sentimental and financial assets.
The demand for gold, and consequently its price per gram, typically escalates during festive and wedding seasons, reflecting its deep-rooted significance in celebrations and traditions. Beyond its traditional use, Kerala also boasts a robust community of active investors who strategically leverage the fluctuations in gold prices.
These savvy investors diversify their portfolios by engaging in various gold investment avenues, capitalizing on the dynamic nature of gold markets. Whether it's through physical gold, gold ETFs, sovereign gold bonds, or digital gold, they adeptly navigate the investment landscape, harnessing the potential of gold as an asset class.
This dual role of gold, as a cultural staple and a versatile investment option, underscores its enduring relevance in Kerala's economy and society.
Gold holds a significant place in the cultural and economic fabric of Kerala. It's not just a precious metal but a symbol of wealth, prosperity, and social status. Traditionally, families in Kerala pass down gold heirlooms across generations, treasuring them as both sentimental and financial assets.
The demand for gold, and consequently its price per gram, typically escalates during festive and wedding seasons, reflecting its deep-rooted significance in celebrations and traditions. Beyond its traditional use, Kerala also boasts a robust community of active investors who strategically leverage the fluctuations in gold prices.
These savvy investors diversify their portfolios by engaging in various gold investment avenues, capitalizing on the dynamic nature of gold markets. Whether it's through physical gold, gold ETFs, sovereign gold bonds, or digital gold, they adeptly navigate the investment landscape, harnessing the potential of gold as an asset class.
This dual role of gold, as a cultural staple and a versatile investment option, underscores its enduring relevance in Kerala's economy and society.
24K Gold Rates Per Gram in Kerala
Grams
Today
Yesterday
02 years
₹15,000
₹4.1 Lakhs
05 years
₹15,000
₹12.4 Lakhs
10 years
₹15,000
₹34.9 Lakhs
15 years
₹15,000
₹75.7 Lakhs
22K Gold Rates Per Gram in Kerala
24K Gold Rates Per Gram in Kerala
Grams
Today
Yesterday
1 Gram
₹15,000
₹4.1 Lakhs
₹15,000
8 Gram
₹15,000
₹12.4 Lakhs
₹15,000
10 Gram
₹15,000
₹34.9 Lakhs
₹15,000
12 Gram (1 Tola)
₹15,000
₹75.7 Lakhs
₹15,000
22K Gold Rates Per Gram in Kerala
Grams
Today
Yesterday
1 Gram
₹15,000.00
₹15,000.00
8 Gram
₹15,000
₹15,000.00
10 Gram
₹15,000
₹15,000.00
12 Gram (1 Tola)
₹15,000
₹15,000.00
Factors Affecting Gold Rates in Kerala.
Various factors influence the current gold rate in Kerala, with some of the most significant ones being:
Demand and Supply Dynamics:
A high demand coupled with limited supply often leads to an increase in gold prices in Kerala.
Global Gold Prices:
The international market price of gold is a key determinant of local gold rates in Kerala.
Market Conditions and Economic Trends:
Prevailing market scenarios and periods of economic slowdown tend to push gold prices higher.
Government Policies and Import Duties:
Adjustments in national policies and import duties on gold can significantly impact domestic gold prices.
Currency Fluctuations:
The exchange rate of the Indian Rupee against the US Dollar has a direct effect on Kerala's gold rates.
Deposit Interest Rates:
Lower interest rates on deposits may lead investors to prefer buying gold, thus raising its price.
Inflation Rates in India:
Higher inflation typically results in an increased gold rate in Kerala.
It's important to note that the price of gold is not merely its base value per gram. It represents the cumulative impact of these diverse factors, causing fluctuations in the market value. In Kerala, festival times and wedding seasons often see a surge in the 916 gold rate. While daily variations are common, careful consideration is necessary when choosing the right type of gold investment as part of a secure financial strategy.
Various factors influence the current gold rate in Kerala, with some of the most significant ones being:
Demand and Supply Dynamics:
A high demand coupled with limited supply often leads to an increase in gold prices in Kerala.
Global Gold Prices:
The international market price of gold is a key determinant of local gold rates in Kerala.
Market Conditions and Economic Trends:
Prevailing market scenarios and periods of economic slowdown tend to push gold prices higher.
Government Policies and Import Duties:
Adjustments in national policies and import duties on gold can significantly impact domestic gold prices.
Currency Fluctuations:
The exchange rate of the Indian Rupee against the US Dollar has a direct effect on Kerala's gold rates.
Deposit Interest Rates:
Lower interest rates on deposits may lead investors to prefer buying gold, thus raising its price.
Inflation Rates in India:
Higher inflation typically results in an increased gold rate in Kerala.
It's important to note that the price of gold is not merely its base value per gram. It represents the cumulative impact of these diverse factors, causing fluctuations in the market value. In Kerala, festival times and wedding seasons often see a surge in the 916 gold rate. While daily variations are common, careful consideration is necessary when choosing the right type of gold investment as part of a secure financial strategy.
Historical Gold Rates in India for the Last 10 Days
DAY
22K Gold
24K Gold
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
Historical Gold Rates in India for the Last 10 Days
DAY
22K Gold
24K Gold
31 Dec 2023
₹63,305.00
0.00%
₹63,305.00
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305.90
0.00%
₹63,305.00
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
How is the purity of gold calculated in Kerala?
In Kerala, the evaluation of gold's purity and its rate is overseen by the Indian Bullion Association. Dealers must include a hallmark of purity on all gold products.
While the gold price in Kerala, like in other cities, is affected by international trends in the global stock market, India's lack of domestic gold mining means that local market fluctuations are less of a concern.
However, international factors still play a significant role in influencing the purchasing capabilities of both gold importers and the general public in India.
In Kerala, the evaluation of gold's purity and its rate is overseen by the Indian Bullion Association. Dealers must include a hallmark of purity on all gold products.
While the gold price in Kerala, like in other cities, is affected by international trends in the global stock market, India's lack of domestic gold mining means that local market fluctuations are less of a concern.
However, international factors still play a significant role in influencing the purchasing capabilities of both gold importers and the general public in India.
Necessary Documentation for Gold Investment in Kerala
Here's the list of Documents that are required to buy gold.
Physical Gold (coins, bars, jewelry):
No need for a brokerage or Demat account.
Important to keep the purchase invoice and BIS certification for authenticity.
Investments Over Rs. 2 Lakhs:
Mandatory to provide a PAN Card.
Required to have a valid ID with name and address (Voter ID, Passport, or Aadhar Card).
Gold Exchange-Traded Funds (ETFs):
Opening both a brokerage and a Demat account is required through the ETF's offering firm.
Sovereign Gold Bonds (SGBs) and Digital Gold:
Minimal paperwork involved.
No need for a Demat account.
Gold-Related Mutual Funds:
Necessary to set up both a brokerage and a Demat account.
Here's the list of Documents that are required to buy gold.
Physical Gold (coins, bars, jewelry):
No need for a brokerage or Demat account.
Important to keep the purchase invoice and BIS certification for authenticity.
Investments Over Rs. 2 Lakhs:
Mandatory to provide a PAN Card.
Required to have a valid ID with name and address (Voter ID, Passport, or Aadhar Card).
Gold Exchange-Traded Funds (ETFs):
Opening both a brokerage and a Demat account is required through the ETF's offering firm.
Sovereign Gold Bonds (SGBs) and Digital Gold:
Minimal paperwork involved.
No need for a Demat account.
Gold-Related Mutual Funds:
Necessary to set up both a brokerage and a Demat account.
Gold Rates in Top cities
CITY
22K Gold
24K Gold
Delhi
₹65,000
0.00%
₹65,000
0.00%
Kolkata
₹65,000
0.00%
₹65,000
0.00%
Mumbai
₹65,000
0.00%
₹65,000
0.00%
Chennai
₹65,000
0.00%
₹65,000
0.00%
Jaipur
₹65,000
0.00%
₹65,000
0.00%
Key Factors to Consider When Purchasing Gold in Kerala
Before investing in gold, it’s crucial to keep in mind the following aspects:
Hallmark or BIS Certification:
The hallmark of BIS (Bureau of Indian Standards) certification is a key indicator of gold's purity and quality. Always check for this certification.
Understanding Daily Gold Rates:
Be aware that gold rates fluctuate daily and can differ from one location to another. In Kerala, the rates in the commodities market, including the 22-carat gold rate often used in jewellery transactions, can change rapidly. Jewellers typically adhere to the rates set by the Gold Dealers Association.
Buy-Back Terms:
Understanding the buy-back rates is crucial to ensure your gold jewellery maintains its value. In Kerala, many jewellery stores offer buy-back facilities at the current market rate or allow you to exchange old gold jewellery for new designs on a gram-to-gram basis.
Making and Wastage Charges:
These charges generally range from 7-25% of the gold’s weight and are factored into the price quoted as today’s gold rate per gram in Kerala. Be mindful that jewellery featuring gemstones or made of high alloy content like white gold may have higher costs due to the materials used. However, these additional materials might not add value when selling, as the selling price often does not account for the value of alloys and stones.
Before investing in gold, it’s crucial to keep in mind the following aspects:
Hallmark or BIS Certification:
The hallmark of BIS (Bureau of Indian Standards) certification is a key indicator of gold's purity and quality. Always check for this certification.
Understanding Daily Gold Rates:
Be aware that gold rates fluctuate daily and can differ from one location to another. In Kerala, the rates in the commodities market, including the 22-carat gold rate often used in jewellery transactions, can change rapidly. Jewellers typically adhere to the rates set by the Gold Dealers Association.
Buy-Back Terms:
Understanding the buy-back rates is crucial to ensure your gold jewellery maintains its value. In Kerala, many jewellery stores offer buy-back facilities at the current market rate or allow you to exchange old gold jewellery for new designs on a gram-to-gram basis.
Making and Wastage Charges:
These charges generally range from 7-25% of the gold’s weight and are factored into the price quoted as today’s gold rate per gram in Kerala. Be mindful that jewellery featuring gemstones or made of high alloy content like white gold may have higher costs due to the materials used. However, these additional materials might not add value when selling, as the selling price often does not account for the value of alloys and stones.
FAQs on Gold Rates in Kerala
How is gold purity verified in Kerala?
Gold purity in Kerala is verified through hallmarking, as mandated by the Indian Bullion Association.
Do gold rates in Kerala vary according to global market trends?
Yes, gold rates in Kerala are influenced by global market trends despite India not mining its gold.
Are gold dealers in Kerala required to follow any specific standards?
Yes, gold dealers in Kerala must include the hallmark symbol of purity on all their gold products.
How do global factors affect gold prices in Kerala?
International factors affect gold prices in Kerala by influencing the purchasing power of importers and the public.
Does the rise and fall in the global gold market directly impact Kerala?
While the global gold market influences prices, Kerala is less directly affected due to India not mining its gold.
How is gold purity verified in Kerala?
Gold purity in Kerala is verified through hallmarking, as mandated by the Indian Bullion Association.
Do gold rates in Kerala vary according to global market trends?
Yes, gold rates in Kerala are influenced by global market trends despite India not mining its gold.
Are gold dealers in Kerala required to follow any specific standards?
Yes, gold dealers in Kerala must include the hallmark symbol of purity on all their gold products.
How do global factors affect gold prices in Kerala?
International factors affect gold prices in Kerala by influencing the purchasing power of importers and the public.
Does the rise and fall in the global gold market directly impact Kerala?
While the global gold market influences prices, Kerala is less directly affected due to India not mining its gold.
Gold Rates in Top cities
City
22k Gold
24k Gold
Delhi
₹15,000.00
₹15,000.00
₹15,000.00
₹15,000.00
Kolkota
₹15,000
₹15,000.00
₹15,000.00
Mumbai
₹15,000
₹15,000.00
Chennai
₹15,000
₹15,000.00
Jaipur
₹15,000
₹15,000.00
Author
Harish Malhi
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