Today’s Gold Rates In Kerala
According to a Times of India article from December 2014, three gold loan firms keep about 200 tonnes of yellow metal in the form of jewellery. This equation is higher than Sweden’s, Singapore’s, and Australia’s gold reserves. This means that Kerala’s gold rate is exceptionally significant in the global gold market, not just in India.
| 22-carat gold Rate | 24-carat gold Rate |
| ₹4226(Per Gram) | ₹4519(Per Gram) |
22 Carat & 24 Carat Gold Rates In Kerala Per Gram (INR)
| Gold Rate Today | Gold Rate Yesterday | Gold Rate Change % | |
| 22 Carat | 4226 | 4226 | 0.00% |
| 24 Carat | 4519 | 4519 | 0.00% |
Today 24 Carat Gold Rate In Kerala (INR)
| Gram | 24 Carat Gold Yesterday | 24 Carat Gold Today | Daily Price |
| 1 GRAM | 4226 | 4226 | 0.00% |
| 8 GRAM | 33808 | 33808 | 0.00% |
| 10 GRAM | 42260 | 42260 | 0.00% |
| 100GRAM | 4226000 | 4226000 | 0.00% |
Today 22 Carat Gold Rate In Kerala (INR)
| Gram | 24 Carat Gold Yesterday | 24 Carat Gold Today | Daily Price |
| 1 GRAM | 4080 | 4365 | 0.02% |
| 8 GRAM | 34913 | 34921 | 0.02% |
| 10 GRAM | 43641 | 43651 | 0.02% |
| 100GRAM | 4364131 | 4365104 | 0.02% |
Today 24 Carat Gold Rate In Kerala (INR)
| Gram | 22 Carat Gold Yesterday | 22 Carat Gold Today | Daily Price |
| 1 GRAM | 4226 | 4226 | 0.00% |
| 8 GRAM | 33808 | 33808 | 0.00% |
| 10 GRAM | 42260 | 42260 | 0.00% |
| 100 GRAM | 4226000 | 4226000 | 0.00% |
22 & 24 Carat Gold Rates In Jharkhand for Last 90 Days
| Date | Standard Gold – 22 K | Pure Gold – 24 K | ||
| 1 gram | 8 grams | 1 gram | 8 grams | |
| 2021-03-15 | 4,226 | 33,808 | 4,519 | 36,152 |
| 2021-03-14 | 4,226 | 33,808 | 4,519 | 36,152 |
| 2021-03-13 | 4,218 | 33,744 | 4,511 | 36,088 |
| 2021-03-12 | 4,217 | 33,736 | 4,511 | 36,088 |
| 2021-03-11 | 4,217 | 33,736 | 4,510 | 36,080 |
| 2021-03-10 | 4,210 | 33,680 | 4,503 | 36,024 |
| 2021-03-09 | 4,150 | 33,200 | 4,438 | 35,504 |
| 2021-03-08 | 4,190 | 33,520 | 4,481 | 35,848 |
| 2021-03-07 | 4,190 | 33,520 | 4,481 | 35,848 |
| 2021-03-06 | 4,183 | 33,464 | 4,474 | 35,792 |
| 2021-03-05 | 4,161 | 33,288 | 4,451 | 35,608 |
| 2021-03-04 | 4,224 | 33,792 | 4,518 | 36,144 |
| 2021-03-03 | 4,280 | 34,240 | 4,578 | 36,624 |
| 2021-03-02 | 4,253 | 34,024 | 4,548 | 36,384 |
| 2021-03-01 | 4,297 | 34,376 | 4,596 | 36,768 |
| 2021-02-28 | 4,297 | 34,376 | 4,596 | 36,768 |
| 2021-02-27 | 4,295 | 34,360 | 4,594 | 36,752 |
| 2021-02-26 | 4,363 | 34,904 | 4,666 | 37,328 |
| 2021-02-25 | 4,378 | 35,024 | 4,682 | 37,456 |
| 2021-02-24 | 4,396 | 35,168 | 4,701 | 37,608 |
| 2021-02-23 | 4,410 | 35,280 | 4,716 | 37,728 |
| 2021-02-22 | 4,357 | 34,856 | 4,660 | 37,280 |
| 2021-02-21 | 4,355 | 34,840 | 4,658 | 37,264 |
| 2021-02-20 | 4,349 | 34,792 | 4,651 | 37,208 |
| 2021-02-19 | 4,459 | 35,672 | 4,769 | 38,152 |
| 2021-02-18 | 4,459 | 35,672 | 4,769 | 38,152 |
| 2021-02-17 | 4,459 | 35,672 | 4,769 | 38,152 |
| 2021-02-16 | 4,459 | 35,672 | 4,769 | 38,152 |
| 2021-02-15 | 4,459 | 35,672 | 4,769 | 38,152 |
| 2021-02-14 | 4,459 | 35,672 | 4,769 | 38,152 |
| 2021-02-13 | 4,453 | 35,624 | 4,763 | 38,104 |
| 2021-02-12 | 4,467 | 35,736 | 4,778 | 38,224 |
| 2021-02-11 | 4,516 | 36,128 | 4,830 | 38,640 |
| 2021-02-10 | 4,501 | 36,008 | 4,814 | 38,512 |
| 2021-02-09 | 4,497 | 35,976 | 4,809 | 38,472 |
| 2021-02-08 | 4,445 | 35,560 | 4,754 | 38,032 |
| 2021-02-07 | 4,441 | 35,528 | 4,750 | 38,000 |
| 2021-02-06 | 4,438 | 35,504 | 4,746 | 37,968 |
| 2021-02-05 | 4,402 | 35,216 | 4,708 | 37,664 |
| 2021-02-04 | 4,496 | 35,968 | 4,808 | 38,464 |
| 2021-02-03 | 4,507 | 36,056 | 4,820 | 38,560 |
| 2021-02-02 | 4,582 | 36,656 | 4,901 | 39,208 |
| 2021-02-01 | 4,501 | 36,008 | 4,814 | 38,512 |
| 2021-01-31 | 4,501 | 36,008 | 4,814 | 38,512 |
| 2021-01-30 | 4,501 | 36,008 | 4,814 | 38,512 |
| 2021-01-29 | 4,501 | 36,008 | 4,814 | 38,512 |
| 2021-01-28 | 4,501 | 36,008 | 4,814 | 38,512 |
| 2021-01-27 | 4,501 | 36,008 | 4,814 | 38,512 |
| 2021-01-26 | 4,501 | 36,008 | 4,814 | 38,512 |
| 2021-01-25 | 4,501 | 36,008 | 4,814 | 38,512 |
| 2021-01-24 | 4,501 | 36,008 | 4,814 | 38,512 |
| 2021-01-23 | 4,501 | 36,008 | 4,814 | 38,512 |
| 2021-01-22 | 4,501 | 36,008 | 4,814 | 38,512 |
| 2021-01-21 | 4,501 | 36,008 | 4,814 | 38,512 |
| 2021-01-20 | 4,501 | 36,008 | 4,814 | 38,512 |
| 2021-01-19 | 4,501 | 36,008 | 4,814 | 38,512 |
| 2021-01-18 | 4,501 | 36,008 | 4,814 | 38,512 |
| 2021-01-17 | 4,499 | 35,992 | 4,811 | 38,488 |
| 2021-01-16 | 4,503 | 36,024 | 4,816 | 38,528 |
| 2021-01-15 | 4,549 | 36,392 | 4,866 | 38,928 |
| 2021-01-14 | 4,562 | 36,496 | 4,879 | 39,032 |
| 2021-01-13 | 4,552 | 36,416 | 4,869 | 38,952 |
| 2021-01-12 | 4,569 | 36,552 | 4,886 | 39,088 |
| 2021-01-11 | 4,567 | 36,536 | 4,885 | 39,080 |
| 2021-01-10 | 4,567 | 36,536 | 4,885 | 39,080 |
| 2021-01-09 | 4,544 | 36,352 | 4,860 | 38,880 |
| 2021-01-08 | 4,739 | 37,912 | 5,068 | 40,544 |
| 2021-01-07 | 4,703 | 37,624 | 5,030 | 40,240 |
| 2021-01-06 | 4,805 | 38,440 | 5,139 | 41,112 |
| 2021-01-05 | 4,775 | 38,200 | 5,107 | 40,856 |
| 2021-01-04 | 4,670 | 37,360 | 4,995 | 39,960 |
| 2021-01-03 | 4,670 | 37,360 | 4,995 | 39,960 |
| 2021-01-02 | 4,670 | 37,360 | 4,995 | 39,960 |
| 2021-01-01 | 4,656 | 37,248 | 4,980 | 39,840 |
| 2020-12-31 | 4,659 | 37,272 | 4,983 | 39,864 |
| 2020-12-30 | 4,642 | 37,136 | 4,965 | 39,720 |
| 2020-12-29 | 4,644 | 37,152 | 4,966 | 39,728 |
| 2020-12-28 | 4,640 | 37,120 | 4,962 | 39,696 |
| 2020-12-27 | 4,637 | 37,096 | 4,959 | 39,672 |
| 2020-12-26 | 4,637 | 37,096 | 4,959 | 39,672 |
| 2020-12-25 | 4,652 | 37,216 | 4,976 | 39,808 |
| 2020-12-24 | 4,654 | 37,232 | 4,977 | 39,816 |
| 2020-12-23 | 4,635 | 37,080 | 4,957 | 39,656 |
| 2020-12-22 | 4,672 | 37,376 | 4,997 | 39,976 |
| 2020-12-21 | 4,661 | 37,288 | 4,985 | 39,880 |
| 2020-12-20 | 4,661 | 37,288 | 4,985 | 39,880 |
| 2020-12-19 | 4,659 | 37,272 | 4,983 | 39,864 |
| 2020-12-18 | 4,662 | 37,296 | 4,986 | 39,888 |
| 2020-12-17 | 4,599 | 36,792 | 4,919 | 39,352 |
| 2020-12-16 | 4,581 | 36,648 | 4,899 | 39,192 |
Gold Rate in Kerala
Gold is mainly used for jewellery and investment in Karnataka, and the state is one of the world’s largest gold consumers. Unlike in other countries, where gold is primarily used for industrial purposes, gold in Kerala is primarily used as an investment tool.
How to invest in gold
Gold is mainly purchased in Kerala as a relatively safe investment that has traditionally appreciated significantly. Even though Indians invest heavily in other investment channels such as real estate, gold remains a significant part of their investment portfolio.
In Karnataka, gold is traditionally invested in the form of coins, bars, and jewellery. However, new gold trading sources have opened up in recent years, providing investors with new ways to trade gold. Gold-related stocks and mutual funds are now open to investors.
For example, ETFs (Exchange Traded Funds) are straightforward financial instruments that combine a stock investment’s versatility with gold investment simplicity. Some of the more common ways to invest in gold in Kerala are as follows:
Buying gold jewellery is still the most common way to invest in gold in Karnataka. Gold is commonly purchased on festive and auspicious occasions by citizens of all economic classes because it is historically regarded as a secure and easy investment. The only drawback to purchasing gold jewellery is that you would have to pay for the manufacturing costs, adding another 10% to the price.
Furthermore, the popularity of designs and fashion shift over time, so you might not get the same price for your jewellery when deciding to sell it. If you sell the jewellery to a jeweller other than the one you purchased, you will incur extra costs.
Although purchasing gold jewellery for immediate use is a viable choice, other more convenient and cost-effective alternatives are available now if you plan to keep it a long-term investment.
Gold coins, gold biscuits, and gold bars are all available.
Another way to invest in gold is to buy gold coins, biscuits, or bars. You can get coins in a variety of weights to fit different budgets. Coins purchased from a bank or a reputable jewellery store. Bear in mind, though, that banks only sell gold coins and do not repurchase them, so you’ll have to sell them to a jeweller.
Gold ETFs
Traditional gold investment methods, such as purchasing jewellery, gradually give way to newer methods, such as ETFs, gold mutual funds, and derivatives.
Individuals interested in investing in gold in Kerala can do so by purchasing Exchange Traded Funds (ETFs) (ETFs). Gold ETF investments can now be made online, revolutionising how gold is purchased and giving Kerala gold investments a whole new dimension. One gram of gold is equal to one ETF unit. They are becoming more common as they provide various benefits over purchasing actual gold such as jewellery or coins. Since the ETFs are kept in a Demat account, you don’t have to worry about the gold asset’s physical protection or storage problems. Since ETFs are kept in electronic form, there is no risk of theft. You stop many headaches and issues that come with purchasing actual gold, such as jewellery.
However, trading in ETFs on your trading account comes at an expense, usually a percentage of the investment. You may be fined for keeping the gold in the bank vault as well.
Most gold ETF investors do so because of the instrument’s high liquidity and ease of use. Keep in mind, however, that to trade gold stocks, you’ll need a risk appetite as well as experience with gold as a commodity and capital markets in general.
Like all other commodity prices, gold prices rise and fall for some reasons, necessitating continuous attention, disciplined market analysis, and the ability to analyse pricing details.
Gold mutual funds and derivatives
There are several other ways to invest in gold. You may invest in mutual funds that hold units of other gold-related funds, such as a fund of funds (FOF). Alternatively, you can invest in a fund that owns the stocks of gold firms publicly traded on global stock exchanges.
Trading in derivatives is another alternative. However, you will need an account with a commodities broker and will be required to pay trading fees. Derivatives trading is a high-risk investment strategy.
How to buy gold
Buying gold isn’t rocket science, given the multiple options available, but there are a few sensible ways to go about it. Investing in gold can be an expensive business, and it is crucial to keep the following points in mind before spending your hard-earned money.
Research gold rates
Gold prices fluctuate regularly, so it’s essential to keep track of market dynamics and keep up with the latest news. This will assist you in making the best and most educated purchase or sale decision possible.
Decide what kind of gold you want to buy
Gold comes in various forms like bars, coins, gold stocks, and jewellery. Each form offers its unique advantages and disadvantages. If you intend to sell the gold later, then jewellery might not be the most optimal option, and you could consider other forms of gold investment.
Ensure Certification
When investing in gold, the most significant factor to consider is the gold’s certification. The purity of gold can only be certified by such laboratories known as Assaying and Hallmarking Centres; jewellers cannot do so. Only BIS (Bureau of Indian Standards)-licensed jewellers may get their jewellery accredited at these Assaying Centres.
Online purchase
Today, there is a slew of online gold sellers. Although shopping online is easy, you must be very careful to purchase only from reputable, approved sellers because there is a lot of space for adulteration and cheating.
How to buy gold coins in Kerala
Gold coins are widespread as a gift on auspicious occasions in Karnataka. It’s also an excellent investment opportunity because gold coins come in various weights, offering investors the option to select according to their budget. Gold coins are available from a range of jewellers and banks.
Gold coins are also available online, but purchasing from someone who isn’t a licensed jeweller/seller can be risky. When you buy a gold coin, make sure you get a purity certificate. Banks may sell gold coins, but they are not allowed to trade in them, so you may not sell them back to them.
How to buy gold bars
When purchasing any kind of gold, the most important thing to remember is to check gold rates. Gold bars, which are usually held for severe investors, maybe bought from banks and prominent jewellers. The weight of these bars usually varies from 500 grams to one kilogram.
How to sell gold
Gold is always in demand in Karnataka, making it a highly liquid commodity. Most jewellers and pawn shops will buy gold, so selling it is not difficult. However, bear in mind that intricately crafted jewellery can sell for less than you think, as jewellers only pay for the weight of gold, not the design.
While many jewellers and pawn shops are willing to buy gold at market prices, some jewellers will pay less than the market price. Before making a decision, it’s a good idea to get quotes from a few different buyers. You must be aware of current market prices and the weight of the gold you want to sell to obtain the best possible price.
It’s always a good idea to sell gold coins and gold bars rather than jewellery because jewellers would give you a better price for them.
If you don’t want to sell your jewellery but need money, you can always take out a gold loan against it if you have an emergency. Banks and other non-bank financial institutions (NBFCs) offer competitive interest rates on gold loans. Since your gold is used as collateral, there is very little paperwork required, and the loan approval and disbursement processes are both simple.
How much is gold worth
Gold is one of the rare metals that will never lose its value. However, forecasting the price of gold and whether or not it will continue to appreciate as a commodity is unlikely. While gold prices fluctuate constantly, they have historically shown an upward trend.
Factors affecting gold price in Kerala
Some of the significant factors that influence the price of gold in Kerala are mentioned below.
Strength of the US Dollar:
In Jharkhand, a strong US dollar means lower gold prices as investors prefer to invest in the currency rather than the metal. On the other hand, banks prefer to invest in gold rather than the depreciating dollar when the dollar falls in value. This step is being taken to protect against any potential risks. The price of gold rises as a result of the increased demand.
Import costs:
Kerala imports a significant portion of its gold, so import rates affect gold prices within the state. Since gold is traded in US dollars, a stronger dollar makes it more costly to purchase gold.
Fixed Deposit interest rates:
For many millions of Indians, the most common investment choice is a fixed deposit. Gold is in a near second position. As interest rates on savings accounts decline, investors turn to gold as an alternative investment. When the demand for gold rises as a result of increased demand, the price rises as well.
Economic stability:
Since gold is regarded as a stable commodity, its price continues to rise during periods of economic crisis. Investors are shifting their funds from riskier investment sources to gold. Gold also has a high level of liquidity and is held in high regard during periods of unrest.
Seasonal price:
Gold demand in Kerala appears to increase during auspicious festivals, marriage seasons, and other occasions, resulting in higher prices.
Inflation:
During times of inflation, the price of gold continues to rise. This spiralling trend raises the price of gold, which is purchased as a hedge against inflation.
Demand-supply:
The state of Kerala contributes just 0.75 per cent of global gold output. There is a supply shortage in Kerala because the domestic gold output is severely limited. Gold is manufactured in large quantities to meet the skyrocketing demand. Similarly, when there is a shortage of gold on the global market, gold prices increase.
Mining/production costs:
Gold mining necessitates a high level of energy consumption per gram of gold extracted, which is factored into the price. Due to rising production costs, the gold price is also subject to increases by mining firms. This seen in the price of gold imported into Jharkhand.
International prices:
When gold prices rise in the international market, so does the price of gold in Jharkhand. When central banks purchase gold as a hedge against inflation, for example, gold prices continue to rise globally.
It’s also worth noting that gold prices in Kerala can vary significantly between cities. The following are the critical reasons for variations in domestic gold prices:
Transportation cost:
The bulk of Jharkhand’s gold is imported. As a result of the precious metal cost, port cities such as Mumbai and Chennai have marginally lower costs than cities located further away from the port.
Different states in Kerala levy different taxes, resulting in price disparities between them.
The volume of demand in different cities:
Kerala is a vast state with a diverse demographic and population. Gold is more expensive in rural areas, where the population is sparse than in heavily populated areas, where prices are lower. Large towns, where demand is highest, exchange large quantities of gold, resulting in slightly lower prices.
Measurement of gold
Gold is measured in troy ounces or grams (1 troy ounce = 31.1034768 grams).
What exactly is a Karat?
A karat is a unit of measurement for gold purity. It is a unit of fineness or purity, to put it another way. It refers to the ratio of a copper alloy combined with gold. Since pure gold is so delicate, it must be alloyed with another metal to be used in jewellery and other applications.
24K gold, also known as 24 Karat gold, is pure gold. The fineness scale used to determine the purity of gold is as follows:
The purity of 24 K is 99.9%.
91.3 percent pure = 22 K
18 K equates to 75% purity.
58.5 percent pure = 14 K
The purity of 10 K is 41.7 per cent.
Disclaimer: The gold rate information is given on a basis and is only symbolic. It is subject to change with market value. This material is not meant to be used as investment advice.
News Snippets
Owing to inflation fears and a weakening dollar, spot gold is down 1.5 per cent.
The international market’s gold prices rose by 1.5 per cent on February 22, 2021, to $1,808.16 per ounce, after hitting their highest level on February 16. Gold’s value rose as a result of inflationary pressures on stock valuations, as well as a weaker US dollar. As a result, investors shifted their focus to the bullion market.
Spot gold was up 1.5 per cent, while gold futures in the United States were up 1.7 per cent to $1,808.40 per ounce. According to analysts, the low dollar value has supported gold prices, and the risk of inflation has caused gold prices to rise.
FAQs
✅ What do I look for when buying gods own country’s gold priced in Kerala?
Before buying gold in Kerala, keep the following points in mind:
- The gram price of gold.
- The purity of the water.
- The metal has been accredited.
- The lender’s buy-back terms
✅ Will gold prices in Kerala fall?
Given the market’s uncertainty, the gold price may or may not decline, as numerous factors influence the yellow metal’s price in Kerala and India.
✅ What foreign factors affect Kerala’s gold rate?
The price of gold in Kerala is affected by various factors, including crude oil prices, the value of foreign currencies, and so on.
✅ Will the gold price in Kerala continue to fluctuate?
Yes, due to various factors that affect the gold price in the country, Kerala’s gold price can continue to fluctuate or change. The value of the rupee against the US dollar, the price of crude oil, the equities market’s pattern, and so on are some of these variables.
