Gold Rate in Kerala

Gold Rate in Kerala1 gm10 gm
24 Karat22 Karat18 Karat24 Karat22 Karat18 Karat

The southernmost State of India – Kerala is a not only famed due to its incredible landscape and tourist backdrop but also known for the fondness of its people towards Gold. Considered to be a great market for gold investors as well as buyer, purchasing and putting on gold ornaments is considered to be a sign of wealth and financial prosperity at the same time.

As per a leading business journal commodity online, Kerala alone contributes over 20% of the gold in terms of annual consumption in India. The state is a flourishing marketplace for more than 5000 jewelers & metal retailers, involving more than 40,000 people as gold craftsmen. Hence, the gold rates in Kerala is a pivotal factor for influencing the future gold in India.

Popular Variants of Gold in Kerala

The Malayalam community is extremely particular about the standard of gold, both in terms of buying and wearing it. While gold itself is a symbol of prosperity, however when it comes to choose the standard of gold, the people from Kerala mostly prefer only in two carats i.e. 22 carat and 24 carat gold.


22 Carat Gold

Even though it’s the lesser pure form of gold, but due to its high demand in state, the price trends remains almost close to 24 karat gold. The rates of 22 carat gold in Kerala as in December 2016, was 2,700 / 1 gram while the rates of 24 carat was trending near 2,900/ 1 gram. In earlier years (2014), gold prices were trending near Rs. 2805, however due sharp decline thereafter, the gold prices have surged to the lower index and thus impacted the overall pricing. 22 carat gold is more preferred in gold ornament due to their sturdiness and crafts. Hence, it is highly concentrated on the demand created by the individual/retail customers. Any drift in the purchasing behaviors of this class of customer impacts the gold price to certain extent.


24 Carat Gold

The 24 karat gold which is purest form of gold is also traded extensively here. The prices always remain higher as compared to 22 carat gold which is slightly an impure counterpart.  As per the price of starting Dec’16 the prices were trending near 2,900/ 1 gram. It too has witnessed a huge surge in prices due various global phenomena of the yellow metal.

Gold as an Investment Option in Kerala

Gold is popularly sold in Kerala as bullions, ingots, coins and jewellery. Irrespective of the variance in price of gold anywhere else in the country the demand of gold particularly in rural areas of Kerala is always high. This forms a great market place of people who always buy & sell gold. There are multiple avenues were people of Kerala invests when it comes to gold.

Physical Gold

This is the oldest and most preferred way to invest in gold is in Kerala. Physical gold has the only way to invest in gold for centuries and people are more comfortable in doing so. In retail sale the gold is available in the form coins as well as jewelry. People in Kerala are exceptionally traditional about the gold ornaments and hence the small & medium scale retailers are doing extremely along with the large retailers present in the state. The gold jewelry market contributes to the maximum potion of gold sales & is flourishing very well in the state.

Kerala is considered to have the highest number of gold jewelers in country. Some of the top selling variants of gold jewellery sold here are‘Kundan’&‘Filigree’ Apart from Kochi, which is generally called the gold capital of India, the markets of Thrissur in Kerala is one of the major centre of jewellery manufacturing in the Southern India and accounts for more than 3000 large & medium sized manufacturers..Few of the other well known jewelrs present in the state are Joyalukkas, Tribhovandas bhimji Zaveri Malabar Gold Tanishq, and Fashion Gold Mahal.

Gold Bar/Coin

The Gold Coins/as well as gold bar have been anther preferred destination of people of Kerala when it comes to investing in physical form of gold. The Gold bullions are also as per international rates apart from some well known private bullion dealers Muthoot, Pentagon & Pushpak group etc. Apart from this most of the private/ public sector banks here sells Gold bar/coins. It’s another good option to invest in gold for those who want have long term requirement such as child marriage or for pure investment purpose.

The advantage of investing in bars/coins is your requirement factor comes in to play. One can invest purely as per requirement which is either bars or light weighted coins and is very easily available at any banks and jewellery shops with proper standardization. Irrespective of the time till which this investment is kept , the value of gold remains intact since there is no consumption done on regular basis. However while selling it a discounted price of 5-10% is charged.

Gold Commodity / Market Trade

Apart from the conventional modes of investing in gold , Tradingin gold is another profitable avenues , wherein in investors can go through options such as spot contracts, futures contracts and exchange-traded funds (ETF). In kerala , Kozhikode and Kannur are eminent destination for the gold traders. The gold ETFs is also traded on the Bombay stock exchange (BSE) as well as other international exchanges.

Gold ETF is an Exchange Traded fund where any individual can invest provided they have a trading cum Demat account. In other words we can say ETF is basically an online version of the physical gold. People can start with minimum investment such as 1 gm value and then can add on investment from time to time. Currently Gold Bees from Benchmark and the Kotak Gold ETF are some of the biggest gold ETF’s in India

Trend of 24 Carat Gold Rates in Kerala

Gold Rate Trend in Kerala, April 2017

Trend Gold Rates (24 Carat)
On April 1st, 2017 Rs. 2920/gm
On April 30th, 2017 Rs. 2935/gm
Highest Rate during April Rs. 3000/gm on 22nd Apr
Lowest Rate during April Rs. 2920/gm on 3rd Apr
Overall Trend in April Rising
% Change +0.51%

Gold Rate Trend in Kerala, March 2017

Trend Gold Rates (24 Carat)
On March 1st, 2017 Rs. 2960/gm
On March 31st, 2017 Rs. 2920/gm
Highest Rate during March Rs. 2960/gm on 1st Mar
Lowest Rate during March Rs. 2860/gm on 15th Mar
Overall Trend in March Decline
% Change -1.35%

Gold Rate Trend in Kerala, February 2017

Rate as on 1st February 2017 Rs.2,945 per gm
Rate as on 28th February 2017 Rs.2,960 per gm
Highest rate in February 2017 On 25th February / Rs.3,031 per gm
Lowest rate in February 2017 On 14th February / Rs.2,935 per gm
Overall Trend in February 2017 Positive
% Change +0.50%

Gold Rate Trend in Kerala, January 2017

Rate as on 1st January 2017 Rs.2,815 per gm
Rate as on 31st January 2017 Rs.2,945 per gm
Highest rate in January 2017 On 23rd January / Rs.2,970 per gm
Lowest rate in January 2017 On 3rd January / Rs.2,815 per gm
Overall Trend in January 20167 Positive
% Change +4.61%

Gold Rate Trend in Kerala, December 2016

Rate as on 1st December 2016 Rs.2,887 per gm
Rate as on 31st December 2016 Rs.2,894 per gm
Highest rate in December 2016 On 31st December / Rs.2,894 per gm
Lowest rate in December 2016 On 17th December / Rs.2,738 per gm
Overall Trend in December 2016 Positive
% Change +0.25%

Gold Rate Trend in Kerala, November 2016

Rate as on 1st November 2016

Rs.3,055 per gm

Rate as on 30th November 2016

Rs.2,940 per gm

Highest rate in November 2016

On 9th November / Rs.3,135 per gm

Lowest rate in November 2016

On 25th November/ Rs.2,930 per gm

Overall Trend in November 2016


% Change



Weekly Analysis:

1st November to 6th November 2016

  • The opening price was at Rs.3, 055 per gm on 1st November 2016.
  • The Gold price saw a rise due to wedding season and high demand in the domestic spot market
  • The 24 karat gold rate was around Rs.3,110 per gm between 4th to 6th November being the highest rate for this week.

7th November to 13th November 2016

  • The 24 karat gold rate in Kerala was Rs.3, 090 per gm as on 7th  November 2016
  • The week the global markets were opposite of the local  market which  resulted in significant fluctuation in the prices
  • The later half of this week witnessed a historic step when Indian Government had announced its action plan to curb Black Money and 500 & 1000 rupees note were withdrawn as legal tender..
  • The overall Demand for gold saw a drastic decline since people were hesitant to buy gold.
  • Even though the demand in global market went up after Donald Trump won the United states presidential election however Indian Market was still stumbling after demonetization period.
  • When the week ended on 13th of November, the gold Prices dropped to Rs.3,080 per gm

14th November to 20th November 2016

  • At the start of this week, the gold Price was Rs.3,080 per gm however it decline to.3,070 per gm on  November 16th.
  • With stricter rules coming into picture regarding cash purchases of the gold , it deterred buyers in the overall domestic market.
  • in the midst of the uncertainty regarding Donald Trump’s economic policies and weak dollar performance , the gold rates edged bit higher in the foreign market.
  • As per current market situation, the gold prices are expected to get stabilize very soon once normalcy returns in country’s cash supply.

21st November to 30th November 2016

  • The gold prices were at Rs.2, 990 per gm in the beginning of week.
  • However this recovered quickly to Rs.3,000 per gm on next day before crashing again after 23rd November
  • While entire nation was reeling under the pressure of shortage of cash currency , the overall demand for the gold took a negative hit.
  • Meanwhile post release of the U.S. economic data with positive significances the dollar stood stronger against other currencies.
  • All this led to decline in gold rates up to Rs.2, 945 per gm by the end of the month.
  • November 2016 saw a negative performance of gold prices in Kerala by 3.67%

24 Carat Gold Rate Trend in Kerala, October 2016

Rate as on 1st October 2016

Rs.3,115 per gm

Rate as on 31st October 2016

Rs.3,055 per gm

Highest rate in October 2016

On 1stOctober / Rs.3,115 per gram

Lowest rate in October 2016

on 8th October/Rs.3,020 per gram to 11th October

Overall performance in October 2016


% Change



Weekly Analysis of October 2016:

1st October 2016 till 7th October 2016

  • In spite of Fluctuation in global market, Gold rates in Kerala were steady at Rs.3, 115 per gm till 5th October.
  • In 2nd half of the week , after 5th October , the prices showed a decline due to rising dollar
  • The week closed with decline if prices further @ Rs.3, 040 per gm.
  • The local Jewellers however were expecting rise in demand due to festive season which however didn’t happened compared to previous years.

8th October till 14th October '16

  • The Gold rates were steadier this week.
  • The 24 carat gold rates in Kerala market traded @ Rs.3,020 per gm till 11th October.
  • A major boost came on 12th October when the gold rates climbed Rs.3, 030 per gm.
  • Even the global market presented a positive outlook in this week.
  • Till the end of second week of October Gold rates in Kerala continued to be at 3,030 per gm.

15th October till 21st October '16

  • The positive trend of previous continued in the third week also.
  • The Gold prices were at a steady pace trending @ Rs.3, 030 per gm.
  • The prices came down with the buzz about rate hike in U.S. Federal Reserve which resulted in strong leading .
  • This however lasted for 2 days due to upcoming wedding season and finally the gold prices restored at around Rs, 3,030 per gm
  • The gold prices closed on s positive trend in the third week , trading @ Rs.3,040 per gm on 19th October

22nd October till 31st October '16

  • In the beginning of 2th week of October the gold prices were trading as high as Rs.3,045 per gm.
  • However the demand in local markets of Kerala feel below expectation in between the weekdays, but finally improved on 26th October when the price touched Rs.3,050 and the same rate continued till 30th October.
  • With drop in dollar and positive indications from other global markets , the rate touched its peak in the last week @  Rs.3,055 per gm.
  • However due to uncertainty about federal rate and the US economic policies , the overall trend remained in negative part in the month of October 2016.

24 Carat Gold Rate Trend in Kerala, September 2016

Rate as on 1st September 2016

Rs.3,130 per gm

Rate as on 30th September 2016

Rs.3,135 per gm

Highest rate in September 2016

26th  September / Rs.3,160 per gm 

Lowest rate in September 2016

19th  September /  Rs.3,120 per gm 

Overall performance in Sep’16


% Change



Weekly Analysis:

1st September 2016 till 10th September 2016

  • The month of September began on positive outlook where gold rates I Kerala was trading @ Rs.3, 130 per gm  on 1st Sep’16.
  • However later on due slower demand the gold Prices dropped . This however was for a shorter period of time and on 7th September the gold prices saw an hike when it reached.3,160 mark.
  • The week ended with stable gold prices @ 3,145 per gm.

11th September 2016 till 17th September 2016

  • Even though there was a small dip in gold prices , the overall trend was stable for Gold prices in Kerala.
  • Backed by constant demand in the Kerala domestic market , gold rates continued to be stable in coming days on 2d week of September 16.
  • By the end of week , the rate dipped a bit to 3,135 per gm and closed on the same.

18th September 2016 till 24thSeptember 2016

  • Gold rate in Kerala was trading @ 3,135 Rs. per gm on 18th September.
  • Later in week the gold prices dipped to INR 3,120 per gm on 19th September.
  • By the end of week , the trend saw n positive indication when the prices picked again at INR 3,130 per gm
  • The trend continued till the end of third week of September 2016

25th September 2016 till 30th September '16

  • In the start of last week of sep16, the gold prices in Kerala market dipped due to  strong dollar performance .
  • However later on the trend entered in to positive notion and touched the months highest mark of INR .3, 160 per gram on 26th September
  • However due to weak domestic demand the prices fell to INR .3,135 per gm on 29th September and closed on same rate for the month of September 2016.
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