Kerala Gold Price Today Chart: Gold is known to have a very significant place in the hearts of Indian people and the heritage of India. This becomes even more significant in the southern states like Kerala.
With its rich cultural heritage and strong affinity for gold jewelry, Kerala has always been an important market for gold. We will go into the realm of Kerala Gold Prices Today in this article. In addition, we will examine the variables affecting them and the significance of gold prices for investors and buyers.
All of the information on this page has been updated often and was taken from reliable sources. So, if you are the one who keeps a keen eye on the price rates or a person who wants to invest in gold, then you are at the right place. Just bookmark us and enjoy all the latest updates.
About Gold Rate in Kerala
As we all know Kerala is a vast market for gold consumption in India, especially on the days of festivals. According to its demand in both internal and international markets, gold’s price varies in Kerala. Here are some factors affecting the gold rates in Kerala.
- International Market: The global gold market is a significant driver of prices in Kerala. The prices are usually denominated in US dollars, making them sensitive to changes in the dollar’s value. Global central bank policy, economic data, and geopolitical events can all have an impact on gold prices.
- Local Demand and Supply: Kerala’s love affair with gold jewelry is well-known. High demand for gold ornaments, coins, and bars in the state can lead to higher prices. Similarly, local factors that affect the supply of gold can also influence prices.
- Currency Exchange Rates: The exchange rate between the Indian Rupee (INR) and the US Dollar plays a crucial role in determining the local gold prices in Kerala. For Indian purchasers, greater gold prices may be the outcome of the rupee’s depreciation against the dollar.
- Import Duties and Taxes: Government policies, such as import duties and taxes on gold, can have a direct impact on its prices. Changes in these regulations can affect the cost of buying gold.
Percentage of Changes in Gold Price in Kerala
Daily Changes: -0.08%
Monthly Changes: 0.24%
Annual Changes: 17.66%
Kerala Gold Price Today Chart
| UNIT | Rupees (INR) |
| Ounce | 179,835 |
| 1 g 24K (99.9%) | 5,782 |
| 8 g 24K | 46,260 |
| 10 g 24K | 57,825 |
| 1 kg 24K | 5,782,489 |
| 1 g 24K (99.5%) | 5,754 |
| 1 g 22K | 5,782 |
| 8 g 22K | 46,260 |
| 10 g 22K | 57,825 |
| 1 kg 22K | 5,782,489 |
Gold Price Chart in August 2023
Here is the price chart for Gold in Kerala State of India. This graph shows the price of gold per gram over the previous month.
| Date | Gold Rate/Gram 24K | Gold Rate/Gram 22K |
| 11 Sep | 5983 | 5484 |
| 10 Sep | 5984 | 5485 |
| 09 Sep | 5,984 | 5,485 |
| 08 Sep | 5,765 | 5,490 |
| 07 Sep | 5,775 | 5,500 |
| 06 Sep | 5,791 | 5,515 |
| 05 Sep | 44120 | 46,328 |
| 04 Sep | 55,300 | 60,320 |
| 03 Sep | 55,200 | 60,220 |
| 02 Sep | 44,120 | 46,328 |
| 01 Sep | 5,768.86 | 5,393.89 |
| 31 Aug | 5,787.06 | 5,410.91 |
| 30 Aug | 5,771.49 | 5,396.35 |
| 29 Aug | 5,732.69 | 5,360.07 |
| 28 Aug | 5,696.73 | 5,326.45 |
| 27 Aug | 5,692.83 | 5,322.79 |
| 26 Aug | 5,692.83 | 5,322.79 |
| 25 Aug | 5,701.58 | 5,330.97 |
| 24 Aug | 5,698.18 | 5,327.80 |
| 23 Aug | 5,677.48 | 5,308.44 |
| 22 Aug | 5,674.70 | 5,305.85 |
| 21 Aug | 5,666.45 | 5,298.13 |
| 20 Aug | 5,658.92 | 5,291.09 |
| 19 Aug | 5,658.92 | 5,291.09 |
| 18 Aug | 5,665.42 | 5,297.16 |
| 17 Aug | 5,664.16 | 5,295.99 |
| 16 Aug | 5,707.84 | 5,336.83 |
| 15 Aug | 5,721.48 | 5,349.58 |
| 14 Aug | 5,712.49 | 5,341.17 |
| 13 Aug | 5,710.06 | 5,338.90 |
| 12 Aug | 5,710.06 | 5,338.90 |
| 11 Aug | 5,696.20 | 5,325.95 |
| 10 Aug | 5,723.32 | 5,351.31 |
| 09 Aug | 5,755.65 | 5,381.52 |
| 08 Aug | 5,766.67 | 5,391.84 |
| 07 Aug | 5,772.30 | 5,397.10 |
| 06 Aug | 5,779.67 | 5,404.00 |
| 05 Aug | 5,779.67 | 5,404.00 |
| 04 Aug | 5,764.45 | 5,389.75 |
Kerala Gold Price Previous Chart 2022 and 2023
| MONTH | Lowest Price 24 Karat Gold – ₹ Per 10 Grams | Highest Price 24 Karat Gold – ₹ Per 10 Grams |
| August 2023 | ₹59,070 | ₹60,270 |
| July 2023 | ₹59,070 | ₹60,280 |
| June 2023 | ₹58,750 | ₹61,100 |
| May 2023 | ₹ 57,750 | ₹ 63,000 |
| April 2023 | ₹ 59,670 | ₹ 61,800 |
| March 2023 | ₹ 57,653 | ₹ 60,340 |
| February 2023 | ₹ 53,920 | ₹ 56,280 |
| January 2023 | ₹ 52,870 | ₹ 55,760 |
| December 2022 | ₹ 51,190 | ₹ 52,820 |
| November 2022 | ₹ 48,830 | ₹ 51,660 |
| October 2022 | ₹ 50,120 | ₹ 51,970 |
| September 2022 | ₹ 50,320 | ₹ 52,870 |
| August 2022 | ₹ 50,200 | ₹ 52,960 |
| July 2022 | ₹ 50,290 | ₹ 52,860 |
| June 2022 | ₹ 50,790 | ₹ 52,860 |
| May 2022 | ₹ 50,290 | ₹ 52,790 |
| April 2022 | ₹ 48,400 | ₹ 54,380 |
| March 2022 | ₹ 50,950 | ₹ 54,330 |
| February 2022 | ₹ 48,980 | ₹ 51,550 |
| January 2022 | ₹46,730 | ₹ 48,200 |
Explore the gold prices in Kerala
Kerala’s gold market is well-established, and you can easily access the latest gold prices through various sources:
- Local Jewelers: Visit your local jewelry stores or goldsmiths for the most up-to-date prices. They often have rate boards displaying the current prices for different types of gold.
- Bank Websites: Many banks in Kerala have dedicated web pages that provide real-time gold prices. You can check the rates offered by trusted financial institutions in the state.
- Financial News Websites: Numerous financial news websites provide updated gold prices for various cities in India, including Kerala. Online resources include the MoneyControl, Economic Times, and LiveMint websites.
- Mobile Apps: There are several mobile applications designed for tracking gold prices. These apps frequently provide extra features like investment guidance and historical price charts.
- Online Marketplaces: E-commerce platforms that sell gold coins and bars usually display the current prices on their websites. While this may not reflect jewelry prices accurately, it can give you a rough idea of the current market rates.
Gold as an investment
If we talk about the rates of gold in Kerala, then it is going to differ from other parts of the country. The reasons are many so you need to make a keen evaluation of price rates before investing in gold. Though gold is considered to be an important and valuable asset that can be invested for years and years. Gold remains precious despite variations in its price.
You can opt for the various methods for investing in gold. Other than as an investment, gold purchases can also be considered as auspicious. It plays a significant role in weddings and other auspicious events. Gold can also be used for future safety purposes. In case, you ever have to deal with a financial crisis then you can use your gold in a time of need.
How Can I Invest In Gold?
There are several ways and methods available to invest in gold other than just physical gold. Here, let’s examine some of those techniques:
- Physical Gold: There are two main ideas to invest in gold in a physical manner. Bullions and purchasing gold jewelry could be the best options. Buy actual gold in the form of coins or gold bars. These can be kept at home or in a safe deposit box. Buy gold jewellery for both investment and personal use. Keep in mind that the price of jewelry includes design and craftsmanship costs, so it may not be the most cost-effective way to invest in gold.
- Gold Mutual Funds: Purchase shares in mutual funds with a focus on gold and other precious metals. Shares in gold mining firms, actual gold, or a mix of the two may be held by these funds.
- Gold Future and Options: Trade gold futures contracts on commodity exchanges. Futures contracts let you make predictions about the price of gold in the future, but they come with a lot of risk and are better suited for seasoned investors.
- Gold Mining Stocks: Purchase stock in gold mining firms. In addition to the price of gold, other factors that affect these equities include business management, production costs, and the success of exploration.
- Gold ETFs: Invest in gold ETFs that represent ownership of actual gold, such as the SPDR Gold Trust (GLD) or the iShares Gold Trust (IAU). These are traded on stock exchanges and provide liquidity.
Things to consider while purchasing gold
- Hallmark Verification: Make sure the gold jewellery is hallmarked to prove its authenticity and purity. Look for Bureau of Indian Standards (BIS) hallmarks.
- Purity: Check the purity of the gold, usually measured in carats (e.g., 22K, 24K). Higher-carat gold is more pure and more valuable.
- Pricing: Keep up with current gold prices and contrast them with the prices provided by other jewellers. Unusual low prices should be avoided since they could be a sign of fake or impure gold.
- Making Charges: Jewelers often charge fees on top of the gold’s price. Compare these charges among different stores to get the best deal.
- Reputation: Select well-known, respected jewellers who have a track record of reliability and client pleasure.
- Certification: If buying gold coins or bars, ensure they come with appropriate certification and packaging.
- Weight: Carefully weigh the gold item in front of you to verify its actual weight matches the declared weight.
- Bill and Receipt: Always ask for a detailed bill or receipt, specifying the gold’s purity, weight, making charges, and taxes paid.
- Resale Value: Think about the gold’s prospective resale worth, which can vary depending on its purity and market state.
- Security: Safeguard your gold purchases with appropriate security measures, like a safe or a bank locker.
Trusted gold jewelers in Kerala
Now, that we know everything about gold prices and investments in Kerala, you might be looking for the top and trusted dealers to purchase gold in Kerala. Some of Kerala’s top jewellers are listed below:
- Kalyan Jewelers
- Tanishq Jewelers
- Mahalakshmi Jewelers
- Malabar Gold and Diamonds
Also Read: KL Jackpot Chart
FAQs: Kerala Gold Price Today Chart
Ques. What does 18K, 22K, and 24K signify in terms of gold?
Ans. K stands for carat and carat is the term that demonstrates the purity of gold. When you talk about 18K, it is going to be 75%pure. 22K gold is approximately 91.6% pure and 24K gold is guaranteed to be 99.9% purity.
Ques. Do the gold rates in Kerala keep fluctuating?
Ans. Yes, a number of factors that influence the cost of gold throughout the nation may cause the cost of gold in Kerala to continue varying or altering. These variables include the exchange rate of the Indian rupee with the US dollar, the cost of petroleum products, the direction of the stock market, etc.
Ques. Is gold cheaper in Kerala in comparison to other states in India?
Ans. The movements happening in the international market determine the gold rates in Kerala. This is the reason why gold is said to be cheaper in Kerala than rest of the states in the entire country.
Ques. How many grams of gold constitute to be a ‘tola’?
Ans. The weight of a tola can vary slightly depending on the region and tradition, but it is generally accepted to be approximately 11.66 grams. However, in some places, a tola may be slightly more or less than this standard value, but it is a commonly used unit for measuring the weight of precious metals like gold.
Ques. What should I check while purchasing gold?
Ans. When buying gold in Kerala, you should check several major points including the weight of the desired gold quantity, hallmark, BSI certifications, making charges, other purity checks, price rates, supply, and demands. Also, choose renowned and trusted retailers for purchasing gold as they will offer you a guarantee of gold purity.
Wrapping Up
At last, the fluctuations in the rate of gold are caused due to a number of factors including domestic as well as international reasons. If you are willing to purchase gold jewelry, then do consider that it is hallmarked and also marked with BSI. All types of gold remain in good demand when it comes to Kerala.
Moreover, you will need to do thorough research on the Kerala Gold Price Today Chart before making any purchases or investments. You can get all the information related to the gold rates in Kerala on this page. Thank you for reading.
