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Today Gold Rate In Kerala

Updated on : 27 Jul 2024

gold rate today

22-carat gold Rate

₹ 6,400

(Per Gram)

gold price today

24-carat gold Rate

₹ 6,982

(Per Gram)

22 Carat & 24 Carat Compare Gold Rates In Kerala (Today & Yesterday)

CaratGold Rate YesterdayGold Rate TodayPrice Change
22 Carat₹ 6,400₹ 6,400₹ 0
24 Carat₹ 7,085₹ 6,982₹ 103

Today 24 Carat Compare Gold Rate In Kerala (Today & Yesterday)

Gram24 Carat Gold Price Yesterday24 Carat Gold Price TodayPrice Change
1 GRAM₹ 7,085₹ 6,982₹ 103
8 GRAM₹ 56,680₹ 55,856₹ 824
10 GRAM₹ 70,850₹ 69,820₹ 1,030
100 GRAM₹ 7,08,500₹ 6,98,200₹ 10,300

Today 916 KDM Gold Rate In Kerala (Today & Yesterday)

Gram916 KDM Gold Rate Yesterday916 KDM Gold Rate TodayPrice Change
1 GRAM₹ 6,400₹ 6,400₹ 0
8 GRAM₹ 51,200₹ 51,200₹ 0
10 GRAM₹ 64,000₹ 64,000₹ 64,000
100 GRAM₹ 6,40,000₹ 6,40,000₹ 0

Today 22 Carat Compare Gold Price In Kerala (Today & Yesterday)

Gram22 Carat Gold Price Yesterday22 Carat Gold Price TodayPrice Change
1 GRAM₹ 6,400₹ 6,400₹ 0
8 GRAM₹ 51,200₹ 51,200₹ 0
10 GRAM₹ 64,000₹ 64,000₹ 64,000
100 GRAM₹ 6,40,000₹ 6,40,000₹ 0

22 & 24 Carat Gold Rates In Kerala for Last 10 Days (1 Gram)

DatePure Gold - 24 KStandard Gold - 22 K
Jul 25, 2024Rs. 6,400 (-95) Rs. 7,085 (-1)
Jul 24, 2024Rs. 6,495 (0) Rs. 7,086 (0)
Jul 23, 2024Rs. 6,495 (-275) Rs. 7,086 (-299)
Jul 22, 2024Rs. 6,770 (-10) Rs. 7,385 (-12)
Jul 21, 2024Rs. 6,780 (0) Rs. 7,397 (0)
Jul 20, 2024Rs. 6,780 (-35) Rs. 7,397 (-38)
Jul 19, 2024Rs. 6,815 (-45) Rs. 7,435 (-49)
Jul 18, 2024Rs. 6,860 (-15) Rs. 7,484 (-16)
Jul 17, 2024Rs. 6,875 (90)Rs. 6,875 (90)
AXIS NEO

Historical Price of Gold Rates In Kerala

Gold Rates22 Carat24 Carat
1 st July rateRs. 6,625 Rs. 7,228
26th July rateRs. 6,400Rs. 6,982
Highest rate in JulyRs. 6,875 on July 17 Rs. 7,500 on July 17
Lowest rate in JulyRs. 6,400 on July 25Rs. 6,982 on July 25
Over all performanceFallingFalling
% Change-3.40%-3.40%
Gold Rates22 Carat24 Carat
1 st June rate Rs. 6,650 Rs. 7,255
30th June rateRs. 6,625 Rs. 7,228
Highest rate in JuneRs. 6,760 on June 7Rs. 7,375 on June 7
Lowest rate in JuneRs. 6,570 on June 8Rs. 7,167 on June 8
Over all performanceFallingFalling
% Change-0.38%-0.37%
Gold Rates22 Carat24 Carat
1 st May rateRs. 6,555 Rs.7,151
31st May rateRs. 6,670 Rs.7,276
Highest rate in MayRs. 6,890 on May 20Rs. 7,516 on May 20
Lowest rate in MayRs. 6,555 on May 1Rs. 7,151 on May 1
Over all performanceRisingRising
% Change+1.75%+1.75%

Kerala, known for its natural beauty and humble people has always witnessed substantial consumption of gold in various forms and patterns. The state sees a heavy demand for gold especially during festive seasons and during marriages or naming ceremonies. Malayalees or the people of Kerala would travel frequently to the Gulf to bring back substantial quantities of gold.

We all know that gold is a precious commodity and it makes for a good investment option especially for those looking at long term returns from their investment. Gold prices keep fluctuating based on a range of factors including seasonal demand, the strength of the US Dollar etc.

How to invest in gold in Kerala?

Here are some of the ways of investing in gold in Kerala:

  • Jewellery - The traditional form of investing in gold is by buying jewellery or gold ornaments. However, these days people prefer other options like bars, gold coins or even digital forms like Gold Sovereign Bonds or Gold ETFs. The latter is especially preferred when trying to save on making charges of gold.
  • Gold coins or bars - Gold coins and bars are always better investment formats as compared to jewellery since one can save on making charges. It is advisable to buy gold bars and coins from reputed jewellers or banks.
  • Gold ETF: Gold Exchange Traded Funds or ETFs are a form of mutual fund that invests in gold. The units of such mutual fund schemes are listed on stock exchanges.

Additional read – Best gold loans in Cochin

How to sell gold in Kerala?

Since gold offers sufficient liquidity, it can be easily and instantly turned into cash when needed. Often, people prefer to sell gold at the same shop from which it is bought to ensure a smooth transaction and avoid any fraudulent deals.

What are the factors affecting gold prices in Kerala?

Gold prices are affected by many factors. Mentioned here are some of the important factors to note:

  • Inflation: Gold can have a significant value while offsetting inflation in case of market fluctuations. To offset inflation, people invest in gold. This increases the price in domestic and international markets.
  • Government gold reserves: RBI, the central bank of India, holds currency and gold reserves since every unit of currency must be backed up by gold reserves. In case of an increase in gold reserves, there is an increased inflow of cash in the market. This affects gold prices.
  • Jewellery: Gold jewellery and ornaments are part of most Indian households. These contribute significantly to increasing demand and supply of gold, especially in festive seasons as well as wedding seasons.

Recommended read – Silver rates in Kerala

How do gold rates in Kerala differ?

Kerala is known to have one of the lowest gold rates in the country. People from across the country often visit the state to buy gold jewellery from Kerala. Experts often advise buyers to buy the precious metal from the state. While buying gold from Kerala, there are several factors to be considered. Listed here are some of them:

  • It is important to note that gold rates differ across cities and states. Therefore, one must ensure to check the ongoing prices of gold in the specific state before buying it.
  • Many jewellery stores in Kerala may apply different gold rates at different times. Therefore, always enquire before making a purchase. It is a good idea to always call and check.
  • Seeing and determining whether the gold is hallmarked is another important factor. This helps in being sure about the quality of gold.

All these points can help investors in making the right purchase and also timing the purchase of gold appropriately.

Conclusion

Kerala has numerous jewellery shops across many cities, including Cochin, Thiruvanthapuram, Calicut, etc. Even smaller towns across the state have many jewellery shops. People in the state can buy gold from some of the popular shops include Malabar Gold, Joy Alukkas, Jos Alukkas, etc. Investors can also trade in gold through the state’s stock exchanges.

FAQs of Gold Rate today in Kerala

1. What is the rate of one Pavan gold?

One Pavan gold may cost approximately Rs. 35,080 as per ongoing rates.

2. Why is gold cheap in Kerala?

The gold rate in Kerala is relatively cheap due to the high demand in local markets. The state sees very few fluctuations in the demand for the precious metal, hence, prices are often stagnant.

3. Will the gold price increase in Kerala?

The gold rate in Kerala has seen a marginal rise since May this year. Owing to a fall in the dollar value, gold prices have risen and are expected to rise further in Kerala.

4. Which country has the cheapest gold?

Hong Kong is currently known to be the cheapest place to buy gold across the globe.

5. Is it the right time to buy gold?

Investors who are looking to hold the investment for at least medium to long term can invest in gold currently.

6. Which form of gold investment is best?

Investment experts often advise investment in gold ETFs since this form of investment is price efficient and maximises returns for investors.

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