Know the latest gold rates in Palakkad to make informed decisions regarding your gold purchases and investment.
Gold holds deep cultural significance in India and is also seen as a stable investment. However, its price keeps fluctuating due to global trends and local market conditions. Since gold rates vary from city to city, staying informed is essential.
Whether you're purchasing jewellery or investing in gold, tracking daily price changes can help you make smarter decisions. If you're at Palakkad, Kerala, this guide will keep you updated on the latest gold rates in your city.
Gold prices in Palakkad 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: ₹9,220 per gram
- 24-Karat Gold: ₹10,000 per gram
Gold Prices on 30th April 2025
- 22-Karat Gold: ₹9,660 per gram
- 24-Karat Gold: ₹10,510 per gram
Highest Gold Price in April 2025
The highest recorded price of gold during the month was on 25th April 2025:
- 22-Karat Gold: ₹9,750 per gram
- 24-Karat Gold: ₹10,600 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: ₹9,180 per gram
- 24-Karat Gold: ₹9,960 per gram
Overall Performance
Gold prices in Palakkad showed a +4.76% increase in April 2025.
Gold prices in Palakkad 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: ₹8,980 per gram
- 24-Karat Gold: ₹9,750 per gram
Gold Prices on 31st March 2025
- 22-Karat Gold: ₹9,220 per gram
- 24-Karat Gold: ₹10,000 per gram
Highest Gold Price in March 2025
The highest recorded price of gold during the month was on 27th March 2025:
- 22-Karat Gold: ₹9,250 per gram
- 24-Karat Gold: ₹10,030 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: ₹8,960 per gram
- 24-Karat Gold: ₹9,730 per gram
Overall Performance
Gold prices in Palakkad showed a +2.67% increase in March 2025.
Gold prices in Palakkad 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: ₹8,850 per gram
- 24-Karat Gold: ₹9,610 per gram
Gold Prices on 28 th February 2025
- 22-Karat Gold: ₹8,980 per gram
- 24-Karat Gold: ₹9,750 per gram
Highest Gold Price in February 2025
The highest recorded price of gold during the month was on 23rd February 2025:
- 22-Karat Gold: ₹9,010 per gram
- 24-Karat Gold: ₹9,780 per gram
Lowest Gold Price in February 2025
The lowest recorded price of gold during the month was on 6th February 2025:
- 22-Karat Gold: ₹8,810 per gram
- 24-Karat Gold: ₹9,570 per gram
Overall Performance
Gold prices in Palakkad showed a +1.47% increase in February 2025.
Buying gold is a significant investment, whether for jewellery or financial security. Here are a few key things you should consider before buying gold:
Check the Current Gold Rate
Gold prices fluctuate based on local and global market trends. Checking the latest gold rates in Palakkad will help you make your purchase at the right time and avoid paying more than necessary.
Verify Gold Purity
Gold comes in different purity levels, such as 18K, 22K, and 24K. The higher the purity, the more expensive it is. Always check the karat rating before buying to ensure you’re getting the quality you’re paying for.
Consider Making and Additional Charges
Jewellery prices often include making charges, which vary from jeweller to jeweller, along with applicable taxes. These extra costs can significantly affect the final price, so it’s important to factor them in before making a purchase.
Buy from a Trusted Jeweller
Purchasing gold from a reputable jeweller ensures authenticity and quality. Well-established jewellers in Palakkad provide certified gold, transparent pricing, and reliable customer service.
Look for Hallmark Certification
A BIS (Bureau of Indian Standards) hallmark guarantees the purity of gold. It also includes details like the jeweller’s identification, ensuring your purchase meets quality standards.
Read also: How to Identify Hallmark?
Gold prices don’t remain constant—they fluctuate based on several factors. Understanding these influences can help you make informed buying or investment decisions.
Import Duty
India imports a large portion of its gold. Any change in import duties directly affects the final price of gold in Palakkad, making it essential to stay updated on duty revisions.
Local Demand
Festivals, weddings, and cultural traditions influence gold demand in Palakkad. When demand is high, especially during peak seasons, prices tend to rise.
Global Market Trends
Gold prices in Palakkad are linked to international trends. Factors like global demand and supply, geopolitical events, and currency fluctuations impact gold rates worldwide, which in turn affect local prices.
Government Policies
Decisions by the Indian government or the Reserve Bank of India (RBI), such as changes in gold reserves, investment regulations, or tax policies, can influence gold prices.
Inflation Rates
Gold is often used as a shield against inflation. When inflation rises, the demand for gold increases as the investors view gold as a safety net. Hence, the gold prices too increase.
Currency Exchange Rates
Since gold is traded globally in US Dollars, the value of the Indian Rupee against the USD plays a crucial role. A weaker Rupee makes gold more expensive in India.
Interest Rates
When interest rates are low, gold becomes a more attractive investment compared to fixed-income options, increasing its demand and pushing up prices.
The Goods and Services Tax (GST) plays a big role in determining the final cost of gold in Palakkad. Knowing how these charges apply can help you plan your budget before making a purchase.
GST on Gold Purchase
When you buy gold, you have to pay a 3% GST on its value. This tax increases the base price of gold, making it slightly more expensive.
GST on Making Charges
Jewellers add making charges for crafting gold jewellery, and a 5% GST is applied to these charges. If the design is intricate or handmade, the making charges will be higher, increasing the final price further.
Total Cost Impact
The GST on both gold and making charges raises the total price of jewellery. If you're buying gold in Palakkad, it's important to factor in these taxes to ensure your purchase fits within your budget.
Gold is commonly used as collateral for loans, and its price directly affects how much you can borrow. Here’s why:
Higher Gold Prices Mean Higher-valued Loans
When gold prices rise, the value of your pledged gold increases. This means lenders can offer higher Gold loan amounts based on the same quantity of gold.
Lower Gold Prices Reduce Loan Value
If gold prices drop, the value of your gold decreases. As a result, the loan amount you qualify for will be lower, even if you pledge the same amount of gold.
Frequently Asked Questions
What is the current gold rate in Palakkad?
Gold prices in Palakkad change daily based on market trends. You can check today's gold rate in Palakkad on financial websites, jewellers' portals, or local news sources for accurate updates.
Why do gold prices fluctuate in Palakkad?
Gold prices change due to several factors, including global market trends, value of INR against USD, local demand and inflation levels.
How is the gold price determined in Palakkad?
Gold prices in Palakkad depend on:
International gold rates
Currency fluctuations (INR vs. USD)
Import duties and taxes
Local demand and supply
Jewellers’ making charges and additional fees
Where can I check the live gold rate in Palakkad?
You can check the latest gold prices through any jeweller's official website, financial news portals, commodity exchanges, or even by directly visiting local jewellery stores.
Does the gold rate vary by city?
Yes, gold prices vary across cities due to differences in transportation costs, local demand, and state-level taxes.
What factors affect the gold rate in Palakkad?
Gold prices are influenced by:
Import duties
Local demand
Global market trends
Government policies
Inflation rates
Currency exchange rates
Interest rates
Is there a difference between 22K and 24K gold rates in Palakkad?
Yes, 24K gold (99.9% pure) is priced higher than 22K gold (91.67% pure). Since 22K gold contains other metals for durability, it costs slightly less than 24K gold. If you want to check today’s gold rate in Palakkad for 22 karat or 24 karat, check out the commodity exchange sites.
How can I ensure I am buying genuine gold in Palakkad?
To verify authenticity, always check for:
Purity level (e.g., 18K, 22K, 24K)
BIS Hallmark Certification
BIS logo
Unique Hallmark Unique Identification (HUID) number
Does GST impact gold rates in Palakkad?
Yes, GST applies to gold purchases:
3% GST on gold value
5% GST on making charges
Can I get a gold loan based on the gold rate in Palakkad?
Yes, lenders provide gold loans based on the current gold rate, following RBI’s loan-to-value (LTV) guidelines. The loan amount depends on the purity and weight of your gold.
✓ No Limit on Loan Amounts ✓ Interest Rate Starting @0.74% p.m. ✓ Minimal Documentation
