Today's Gold Rate in Malappuram

The gold rate in Malappuram today is an important factor for those looking to buy or invest in gold. Gold holds cultural and financial significance in India, especially in cities like Malappuram, where it is commonly purchased for weddings, festivals, and investments. The price of gold depends on factors such as global market trends, currency exchange rates, and demand in both international and local markets.

 

Gold in Malappuram is available in different purities, such as 24 karat (pure gold) and 22 karat (used for jewellery). Each type has a different price based on its purity. Monitoring today’s gold rate in Malappuram can help buyers make informed decisions. Additionally, understanding how gold prices fluctuate is crucial for anyone planning a purchase or investment.

Gold prices in Malappuram continued their upward trend in April 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 30th of April.

 

Gold Prices on 1st April 2025

• 22-Karat Gold: ₹9,080 per gram
• 24-Karat Gold: ₹9,870 per gram

 

Gold Prices on 30th April 2025

• 22-Karat Gold: ₹9,530 per gram
• 24-Karat Gold: ₹10,370 per gram

 

Highest Gold Price in April 2025

The highest recorded price of gold during the month was on 24th April 2025:

• 22-Karat Gold: ₹9,620 per gram
• 24-Karat Gold: ₹10,460 per gram

 

Lowest Gold Price in April 2025

The lowest recorded price of gold during the month was on 7th April 2025:

• 22-Karat Gold: ₹9,020 per gram
• 24-Karat Gold: ₹9,820 per gram

 

Overall Performance

Gold prices in Malappuram showed a +4.95% increase in April 2025.

Gold prices in Malappuram continued their upward trend in March 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 31th of March.

 

Gold Prices on 1st March 2025

• 22-Karat Gold: ₹8,860 per gram
• 24-Karat Gold: ₹9,650 per gram

 

Gold Prices on 31st March 2025

• 22-Karat Gold: ₹9,080 per gram
• 24-Karat Gold: ₹9,870 per gram

 

Highest Gold Price in March 2025

The highest recorded price of gold during the month was on 22nd March 2025:

• 22-Karat Gold: ₹9,140 per gram
• 24-Karat Gold: ₹9,930 per gram

 

Lowest Gold Price in March 2025

The lowest recorded price of gold during the month was on 5th March 2025:

• 22-Karat Gold: ₹8,820 per gram
• 24-Karat Gold: ₹9,600 per gram

 

Overall Performance

Gold prices in Malappuram showed a +2.48% increase in March 2025.

Gold prices in Malappuram continued their upward trend in February 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 28th of February.

 

Gold Prices on 1st February 2025

• 22-Karat Gold: ₹8,630 per gram
• 24-Karat Gold: ₹9,400 per gram

 

Gold Prices on 28 th February 2025

• 22-Karat Gold: ₹8,860 per gram
• 24-Karat Gold: ₹9,650 per gram

 

Highest Gold Price in February 2025

The highest recorded price of gold during the month was on 15th February 2025:

• 22-Karat Gold: ₹8,900 per gram
• 24-Karat Gold: ₹9,690 per gram

 

Lowest Gold Price in February 2025

The lowest recorded price of gold during the month was on 4th February 2025:

• 22-Karat Gold: ₹8,580 per gram
• 24-Karat Gold: ₹9,350 per gram

 

Overall Performance

Gold prices in Malappuram showed a +2.66% increase in February 2025.

Gold prices in Malappuram are influenced by various global and local factors. Understanding these factors can help buyers and investors make better decisions while purchasing gold. Below are some of the key elements that impact gold prices in the region.

International Gold Rates

Gold prices in Malappuram are closely tied to global gold rates. International market trends, such as demand from large economies, geopolitical tensions, and central bank policies, directly impact the price of gold in India.

Currency Exchange Rates

Gold is traded in US dollars globally. Therefore, fluctuations in the value of the Indian Rupee against the US Dollar can influence gold prices in Malappuram. A weaker Rupee often leads to higher gold prices.

Import Duties and Taxes

India imports a significant amount of gold, and the government levies import duties and GST on it. Any changes in these taxes affect gold prices. Higher duties typically result in increased costs for buyers.

Local Demand

Gold holds cultural importance in Malappuram, especially during weddings and festivals like Onam. Increased demand during these occasions can lead to temporary price hikes.

Inflation

Gold is often considered a hedge against inflation. When inflation rises, people tend to invest more in gold to protect their wealth, which increases its price.

Interest Rates

Interest rates set by banks and financial institutions also play a role. Lower interest rates make gold a more attractive investment, leading to higher demand and prices.

Global Events

Events such as economic crises, wars, or pandemics can drive up gold prices globally, which then impacts rates in Malappuram. During uncertain times, gold is viewed as a safe asset, increasing its demand and value.

 

By keeping an eye on these factors, you can better understand why gold rates fluctuate and plan your purchases or investments accordingly.

The introduction of the Goods and Services Tax (GST) in India has influenced gold prices across the country, including Malappuram. GST has streamlined the tax structure but has also added new layers of costs that impact the final price of gold for buyers. Here’s how GST affects gold rates in Malappuram:

GST on Gold Purchases

A 3% GST is levied on the value of gold when buying physical gold, such as jewellery, coins, or bars. This tax is applicable in addition to the base gold rate and other charges like making fees, increasing the overall cost for buyers.

GST on Making Charges

Making charges, which are added for designing and crafting jewellery, also attract an additional GST of 5%. This tax further raises the total price of gold jewellery, making it important for buyers to consider competitive making charges when shopping.

Effect on Gold Investments

GST has also impacted gold investment products. For instance, when buying gold digitaly or gold Exchange-Traded Funds (ETFs), GST is applied during the purchase and storage process. However, Sovereign Gold Bonds (SGBs), issued by the Government of India, are exempt from GST, making them a cost-effective option for investors.

Impact on Resale Value

When reselling gold, buyers cannot recover the GST paid during the purchase. This means that GST increases the initial cost without contributing to the resale value of gold items. It’s important to keep this in mind if you’re purchasing gold as an investment.

 

GST has made gold purchases more transparent by replacing multiple indirect taxes with a unified system. However, it has also slightly increased the cost of buying gold in Malappuram. Buyers should consider these additional charges while planning their purchases or investments.

Gold loans are a popular way to borrow money in Malappuram, as they allow individuals to use their gold as collateral. The value of your gold and the amount you can borrow depend directly on prevailing gold rates. Understanding how gold rates influence gold loans is essential for anyone considering this option:

Loan Amount Based on Gold Value

The amount you can borrow through a gold loan depends on the value of the gold pledged as collateral. Higher gold rates in Malappuram increase the value of your gold, enabling you to secure a larger loan. On the other hand, a drop in gold rates may lower the collateral’s value, reducing the maximum loan amount you can access.

Loan-to-Value Ratio (LTV)

The Reserve Bank of India (RBI) has set a Loan-to-Value (LTV) ratio of up to 75% for gold loans. This means that lenders can provide a loan equivalent to up to 75% of the current market value of the gold. If gold rates rise, the amount you can borrow under the same LTV ratio increases.

Interest Rates

Gold loan interest rates are not directly tied to gold rates but are influenced by market conditions and lender policies. However, the value of the collateral plays a role in determining the overall terms of the loan. Higher gold rates could result in more favourable terms, as the collateral’s value is higher.

Repayment and Risk

If gold rates drop significantly during the tenure of the loan, lenders may ask borrowers to provide additional collateral or repay part of the loan to maintain the required LTV ratio. This is a risk borrowers should keep in mind, especially during periods of price volatility.

Auction in Case of Default

In case of a loan default, lenders sell the pledged gold to recover the loan amount. If gold rates are high, lenders can recover the loan more easily. Conversely, low gold rates may not cover the loan value, which could affect both lenders and borrowers.

 

Gold rates in Malappuram play a crucial role in determining the terms of gold loans. Borrowers should monitor today’s gold prices in Malappuram and evaluate their financial needs carefully before opting for a gold loan.

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

 

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about the suitability of the same.