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Gold Price in Kerala

Kerala is home to a slew of jewellery stores throughout the length and width of the state. Every major city, such as Cochin, Thiruvananthapuram, and Calicut, has a plethora of jewellery stores. Aside from that, even small towns have a slew of jewellery stores. In fact, buyers of gold in Kerala have a wide range of options. You should go to some of the main cities' frontline shops, and you can even go window shopping just to inquire if you want. Read on to learn the gold rate today in Kerala.


24 Carat Gold Rate Today

24 Carat Gold Rate Yesterday

Daily Price Change

1 Gram ₹ 6,008 ₹ 5,990 ₹ 18
8 Gram ₹ 48,064 ₹ 47,920 ₹ 144
10 Gram ₹ 60,080 ₹ 59,900 ₹ 180
100 Gram ₹ 6,00,800 ₹ 5,99,000 ₹ 1,800

22 & 24 Carat Gold Rate in Kerala for Last 10 Days

Gold price in Kerala with fluctuations in the last few days, is shown below:




1 Gram

10 Gram

1 Gram

10 Gram

Sep 18,2023  ₹ 5,505.00 ₹ 55,050.00   ₹ 6,008.00  ₹ 60,080.00 
Sep 17,2023  ₹ 5,491.00  ₹ 54,910.00   ₹ 5,990.00  ₹ 59,900.00
Sep 16,2023      ₹ 5,490.00  ₹ 54,900.00  ₹ 5,989.00 ₹ 59,890.00 
Sep 15,2023     ₹ 5,470.00  ₹ 54,700.00       ₹ 5,967.00  ₹ 59,670.00
Sep 14,2023    ₹ 5,450.00  ₹ 54,500.00     ₹ 5,945.00  ₹ 59,450.00
Sep 13,2023   ₹ 5,450.00  ₹ 54,500.00   ₹ 5,945.00 ₹ 59,450.00 
Sep 12,2023   ₹ 5,484.00 ₹ 54,840.00    ₹ 5,983.00   ₹ 59,830.00
Sep 11,2023  ₹ 5,484.00 ₹ 54,840.00   ₹ 5,983.00  ₹ 59,830.00
Sep 10,2023  ₹ 5,485.00  ₹ 54,850.00 ₹ 5,984.00  ₹ 59,840.00 
Sep 09,2023  ₹ 5,485.00  ₹ 54,850.00  ₹ 5,984.00   ₹ 59,840.00

Factors that Affects Gold Prices in Kerala

Many of us have been noticing that demand for the precious metal in the state has been dwindling. As a result, pricing demand has been muted. Let's have a look at an example. Assume that rates remained constant at $1000 per kilogramme. Because India imports a lot of gold, if the rupee swings from 68 to 70 to the dollar, prices will naturally rise. This is one of the main reasons why prices in India, and hence in Kerala, are rising.

Why Do Gold Rates in Kerala Fluctuate?

Kerala has one of the lowest gold rates in the country right now. In fact, the state attracts numerous investors due to the presence of a well-known chain of jewellers. In fact, if you're considering purchasing the precious metal, it's a good idea to double-check a number of factors first.First and foremost, keep in mind that gold rates vary from city to city within a state. Checking the costs with your jeweller is a key. Many jewellery shops in Kerala may modify their gold rates at any time, so be sure you ask. There's also the possibility that some of them will charge a different fee. It's a good idea to call and double-check everything. It's also important to check and see if the gold is hallmarked. If it is, you can be confident in the quality and other elements. In short, there are a number of variables to consider before purchasing gold in Kerala.

How is the Purity of Gold Determined?

It's a good idea to verify the price of gold in Kerala before purchasing it. Remember that while gold rates may be similar across the state and towns, the manufacturing charges are what actually changes. So, before you buy, double-check the manufacturing costs. Apart from that, we strongly advise you to seek purity. Make certain that any jewellery you purchase is hallmarked.

Importing Gold into Kerala

In the movement of gold prices, the currency is quite important. Almost all of the precious metal is imported by India. This suggests that we must be concerned about the dollar's movement versus the Indian rupee to a considerable extent. Today's gold prices in Kerala virtually always track changes in the value of the rupee. For example, if the dollar rises from 67 to 70 against the rupee, gold will become more expensive. Individuals travelling to Kerala from the Middle East used to bring gold with them. It would occasionally be less expensive as a result of this. Importing the same, however, is subject to specific restrictions, which investors and consumers should be aware of.Men and women have various restrictions when it comes to carrying gold in the form of jewellery. In any event, people interested in purchasing the metal should be aware of the periodic variations in exchange rates.

What factors influence the price of gold in Kerala?

Kerala's old prices move in lockstep with international markets. As a result, if international gold prices rise, so will gold rates in Kerala, and vice versa. In the same way, if gold prices decrease in worldwide markets, they will decline in Kerala. Having said that, we must state that 2017 was a wonderful year for Kerala investors, who received good profits. In fact, since the beginning of the year, their returns have been close to 20%. For those searching for a more consistent return, gold is a solid option. It's also a terrific way to save money on diversification.

How You Can Make Gold Investments in kerala?

Gold, a golden metal with a long history that has been woven into societies for thousands of years, is revered all over the world for its worth and rich history. Unlike paper currencies or other assets, gold's value has remained constant over time. Keralans have an undeniable fondness for gold jewellery. Nothing beats the gold decorations that decorate a Keralite bride when it comes to jewellery. Within a one-kilometer radius of Koduvally, a village located 25 kilometres from the city of Kozhikode in Kerala, there are over 100 jewellery shops.


Gold coins are available in a variety of karats and weights. People buy gold coins for a variety of reasons, including giving and investment. Gold is traded as a commodity in the Multi Commodity Exchange, also known as MCX, National Spot Exchange Limited, or the National Commodity & Derivatives Exchange, for a variable time period (NCDEX). Precious metals in bulk, such as gold bars, that are measured in mass rather than value.

Factors influencing the price of gold in Kerala

Kerala considers gold to be a valuable possession. It is very important at parties and celebrations. The following are the elements that influence the price of gold in Kerala:

  • Inflation

    Gold is considered a secure investment at all times. During an inflationary period, it becomes correct. Inflation diminishes an individual's purchasing power. Investing in something steady during times of inflation is the best option. Gold is the ideal investment option during times of inflation, and as a result, the price of gold rises naturally.

  • Global Price Changes

    The majority of India's gold requirements are met through imports. Any change in global prices is bound to have an effect on domestic prices.The price of yellow metals may fluctuate around the world due to political unrest, economic turbulence, supply and demand changes, and so on.

  • Jewelry Markets

    The jewellery market has a significant impact on the country's gold rates. The majority of gold purchased in India is utilised to make decorations and jewellery. India's jewellery market is huge. The demand for gold rises or falls depending on the festival seasons and moods. During the festive season, demand for the precious metal will rise, whereas during the non-festive season, demand will fall.

  • Gold Reserves of the Central Bank

    The Reserve Bank of India (RBI) keeps enormous gold reserves in addition to currency reserves. The price of gold rises when a country's central bank begins to acquire and retain gold reserves. The increase in price is due to an increase in money supply and a decrease in gold supply.

  • The rate of interest on bank deposits and financial instruments

    The rate of interest on bank deposits and financial instruments also has a substantial impact on the price of gold. People will sell their gold and put their money to greater use if interest rates rise, and vice versa.

Determining the price of gold in Kerala

In the last year, gold prices in the city of Kerala have skyrocketed. This is mostly based on gold prices on the international market. Will the price of gold rise in Kerala? This is a question that is usually tough to answer. We believe the precious metal has already risen by 24% this year, and that it will continue to rise defies all sense. As a result, we anticipate that gold prices will fall in the medium future. If you're wanting to invest, don't do so now, while prices are so high. Wait for gold prices to drop before investing. In Kerala, gold purity testing is crucial.


There's a small triangle mark here that indicates gold quality. That is the BIS mark, and you can see the quality in the same way. Many Kerala residents also purchase gold from the Gulf. There are, however, some restrictions on bringing gold into India. A female tourist can only receive up to Rs 1 lakh worth of gold without paying duties, whilst a male traveller can only get up to Rs 50,000 worth of gold. You must pay the relevant duty on any sums in excess of this. As a result, you must guarantee that you do not bring more gold into India than the above-mentioned limit. Gold of equal purity is now widely available in India.Gone are the days when finding good quality gold was a serious challenge. Not to mention the patterns, which are just stunning.

Gold ETF vs Sovereign Gold Bonds

Gold can be purchased in a variety of ways, including through Exchange Traded Funds (ETFs). There are also gold bonds, which have become popular. So, if you thought that the only way to buy gold in Kerala was through actual gold purchases, you were mistaken. Gold can be purchased in a variety of ways. In fact, it is better for you to buy gold in an electronic form, such as through exchanges in the form of gold ETFs.In addition to gold ETFs and gold bonds, we recommend that you check into several alternative kinds of gold. Kerala boasts one of the greatest jewellery chains in the world, with locations in various Gulf nations. When it comes to buying gold in India, there are a myriad of options. In Kerala, physical gold vs. gold ETFs In Kerala, there are a lot of people who are interested in gold. However, the issue is that they are unsure where to invest. Investors are perplexed by two options: ETFs and real gold.


Physical gold has a number of drawbacks, including storage difficulty, theft risk, and so on. There are no concerns about theft or storage with gold ETFs. The result will be identical. When compared to actual gold, the liquidity of an ETF is extremely high. The money will be credited into your account with a few clicks on your mobile phone or a phone call to the fund management or broker. When it comes to purchasing or selling actual gold, one must go to a jeweller or a bank. Even if a few banks sell gold, they refuse to take it. The only advantage of actual gold is that it may be borrowed against, which is not feasible with gold ETFs. ETFs are also tax-advantaged. There will be no long-term capital gains tax if you sell the ETF after one year.

Should you buy gold as a long-term investment?

If you're looking to diversify your portfolio, looking into precious metals as an investment is an excellent option. This is because you don't want all of your eggs to end up in the same basket. The most critical aspect of investing, however, is to time your investment. This is due to the fact that buying gold at any price will result in a loss.The best course of action here is to obtain expert advice on where gold prices are headed before investing. A patient investor has a good chance of achieving a decent profit. Gold, on the other hand, should be held for the long term, as it has only provided returns over very lengthy periods of time. Remember to check the current gold price in Kerala before buying or selling the precious metal.

Points to Remember when Buying Gold in Kerala

Most people in Kerala get money in a hurry by taking out a gold loan, because banks and other non-banking financial institutions (NBFCs) offer loans against gold in a matter of minutes. Visiting gold loan firms in Kerala, such as Muthoot Finance and Manappuram Finance, is the most common approach to obtain a gold loan. These two NBFCs are well-known throughout South India, not just in Kerala. There are many more NBFCs, but these companies stand out because of the interest rates and other services they provide.Muthoot Finance and Manappuram Finance provide competitive interest rates; nonetheless, you should compare them to bank gold loans and other gold loan firms before taking out a loan. There may be a small difference in interest rates that will change from time to time, making it difficult to say which is better. Compare gold rates in Kerala before taking out a loan because gold rates in Kerala will fluctuate depending on a few economic factors. When gold prices in Kerala are high, it is a good idea to take out a gold loan. Processing fees and interest rates are two factors to consider when determining which firm provides the best gold loan.In private NBFCs, the gold loan process will be very simple. If you have all of the necessary documentation, getting the loan amount will just take a few hours.

Difference between KDM and Hallmarked Gold in Kerala

Gold is considered a prestige symbol in Kerala. The amount of gold one has reveals the family's affluence. As a result, gold demand is expanding at an exponential rate. In religious rites, gold also plays an important part. In Kerala, regardless of religion or gold rates. Regardless of the explanations, gold has its own prominence. Gold has a special place in all religions, whether it be Hinduism, Sikhism, or Christianity. In Kerala, buying gold on holy occasions is a common practise.Gold is usually regarded as the safest investment in Kerala. Individual investors in Kerala put at least a third of their money in gold. Keralites have a sentimental attachment to gold. They believe that giving gold is the highest form of offering since it demonstrates an individual's worth and purity of intent. Keralites have a strong attachment to gold, so if they need to sell an asset to gain money, gold will be the last option. Though there are other savings and investing options, gold is the only viable form of savings in Kerala. In Kerala, ancestral gold jewellery is traditionally passed down from generation to generation.It is thought to be a symbol of purity, wealth, and good fortune.


So, despite the season, gold prices in Kerala are fluctuating. Gold will continue to be in high demand. What is the impact of today's gold rates in Kerala? A variety of factors influence gold prices in Kerala today. The global mobility of precious metals is the most significant of these. When worldwide prices rise, for example, we observe gold prices in Kerala rise as well. Currency rates are another factor that influences the precious metal's upward or downward movement. The dollar has been steadily rising against the rupee over the previous few years, which has aided the rise in gold prices.The prices of gold in Kerala's various cities may vary slightly. The precise pricing must be confirmed with local jewellers. Kerala is home to a number of renowned jewellers. Before purchasing gold, investors should phone and inquire about current gold rates. This would ensure that they got the most bang for their buck when purchasing jewellery.

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