Whether in the form of tangible assets like coins and ornaments or through demat accounts, gold remains a preferred choice for investors in Kochi. If you are planning to purchase this valuable asset, it is essential to be aware of the current gold prices in the city.
The following table provides the latest price of gold in Kochi:
Weight |
24 Karat Gold Rate Today |
24 Karat Gold Rate Yesterday |
Price Difference |
1 g |
₹ 6,338 |
₹ 6,338 |
₹ 0 |
10 g |
₹ 63,380 |
₹ 63,380 |
₹ 0 |
100 g |
₹ 6,33,800 |
₹ 6,33,800 |
₹ 0 |
*Disclaimer: The aforementioned rates are subject to change as per market conditions.
The following table shows fluctuations in gold prices in Kochi over the last 10 days:
Date |
Standard 22 Karat Gold |
Pure 24 Karat Gold |
||
1 g |
10 g |
1 g |
10 g |
|
Feb 23, 2024 |
₹ 5,750.00 |
₹ 57,500.00 |
₹ 6,038.00 |
₹ 60,380.00 |
Feb 22, 2024 |
₹ 5,750.00 |
₹ 57,500.00 |
₹ 6,038.00 |
₹ 60,380.00 |
Feb 21, 2024 |
₹ 5,760.00 |
₹ 57,600.00 |
₹ 6,048.00 |
₹ 60,480.00 |
Feb 20, 2024 |
₹ 5,735.00 |
₹ 57,350.00 |
₹ 6,022.00 |
₹ 62,220.00 |
Feb 19, 2024 |
₹ 5,745.00 |
₹ 57,450.00 |
₹ 6,032.00 |
₹ 62,320.00 |
Feb 18, 2024 |
₹ 5,720.00 |
₹ 57,200.00 |
₹ 6,006.00 |
₹ 60,060.00 |
Feb 17, 2024 |
₹ 5,720.00 |
₹ 57,200.00 |
₹ 6,006.00 |
₹ 60,060.00 |
Feb 16, 2024 |
₹ 5,710.00 |
₹ 57,100.00 |
₹ 5,996.00 |
₹ 59,960.00 |
Feb 15, 2024 |
₹ 5,690.00 |
₹ 56,900.00 |
₹ 5,975.00 |
₹ 59,750.00 |
Feb 14, 2024 |
₹ 5,700.00 |
₹ 57,000.00 |
₹ 5,985.00 |
₹ 59,850.00 |
*Disclaimer: The rates are subject to change as per market conditions.
Here are key considerations when purchasing gold in Kochi:
Stay up-to-date with the current gold rates
Consider making charges associated with the purchase
Verify BIS (Bureau of Indian Standards) hallmarks
Buy gold from authorised stores only
Ask for a receipt and certificate of authenticity
Check the purchased gold’s weight
As an investor in Kochi, you can explore multiple avenues for gold investment like:
Physical gold, including coins, bars, and jewellery
Gold exchange-traded funds (ETFs)
Sovereign gold bonds (SGBs)
Gold mutual funds
Make sure that your investment choices align with your goals and risk tolerance. Also, carefully evaluate the advantages and considerations of each option before investing.
You can check the rates online with a quick web search or by approaching the nearest authorised gold store.
The price of gold in Kochi can fluctuate daily as it is affected by multiple factors.
Several factors influence gold prices in Kochi, like:
Macroeconomic conditions
Global gold prices
Changes in India Bullion and Jewellers Association Ltd.’s (IBJA) benchmark price
Demand and supply of gold in the region
Currency rate fluctuations
Interest rate changes that affect gold demand
Import duties imposed by the government
Gold reserves of the government
24 karats refers to the purity of the gold. It signifies that the gold is 99.9% pure and that no other metals are mixed with it.