Gold rates in Kerala fluctuate based on global market trends, with the current rate hovering around ₹50,000 per 10 grams.
The Kerala gold rate chart shows a slight increase in the past week, with a 0.5% rise in gold prices.
To get the best deals, it's essential to check the current gold rate in Kerala on a daily basis, as prices can change rapidly.
The 22-karat gold rate in Kerala is currently the most popular choice among buyers, with a price of ₹48,500 per 10 grams.
Gold Price in Kerala
Gold price in Kerala is influenced by several factors, including the supply of gold and production costs.
The supply of gold plays a significant role in determining the gold price in Kerala, as it closely reflects international gold trends.
Jewellery accounts for a major portion of gold demand in Kerala, with coins, bars, ETFs and gold funds being other popular investment options.
Price Trends
Gold prices in Kerala have been fluctuating over the past few months. The 22K pure gold rate in Kerala has been falling, with a percentage change of 3.40% in August.
The 24K pure gold rate in Kerala has also been falling, with a percentage change of 3.40% in August. This trend is reflected in the historical gold rates in Kerala for the last 10 days, where the 22K pure gold rate has been decreasing by 0.01% to 0.89% on certain days.
Here's a summary of the gold rate trends in Kerala for the last 10 days:
Historical
The historical gold rate trends in India and Kerala have been quite volatile over the past 10 days.
In India, the 18 carat gold rate has fluctuated between ₹57,645 and ₹58,358, while the 22 carat gold rate has ranged from ₹69,978 to ₹71,326. The 24 carat gold rate has also seen significant changes, going from ₹76,860 to ₹77,810.
In Kerala, the 22K pure gold rate has increased by 0.53% on 31st Dec 2024, reaching ₹74,139.17. However, on 30th Dec 2024, it decreased by 0.56% to ₹73,751.70.
Here's a table summarizing the historical gold rate trends in Kerala:
Gold rate trends can be influenced by various factors, including global market fluctuations and local demand. It's essential to stay informed about these trends to make informed investment decisions.
Return
The gold rate in India has seen a significant increase over the last 10 days, with the 24 carat gold rate rising from ₹76,860 on December 31, 2024, to ₹77,420 on January 4, 2025.
The price of gold can be influenced by various factors, including inflation and economic instabilities. This is evident from the data, where the 24 carat gold rate increased by ₹390 on January 3, 2025, compared to the previous day.
The gold rate in India has grown at an annual rate of 15 percent since 2001, making it a long-term investment option. This trend is likely to continue, given the increasing demand for gold in India.
Here is a summary of the 24 carat gold rate for the last 10 days:
Trend
The trend of gold rates in Kerala is quite interesting. In August, the 22K pure gold rate fell by 3.40%, from ₹72,257.99 to ₹67,172.14, while the 24K pure gold rate also fell by 3.40%, from ₹78,826.90 to ₹73,278.70.
The gold rate in India has been on the rise since 2001, with an annual growth rate of 15 percent. This trend is expected to continue, making gold a safe investment option.
Historically, gold rates in Kerala have shown a fluctuating trend. In the last 10 days of December 2024, the 22K pure gold rate ranged from ₹73,751.70 to ₹74,139.17, while the 24K pure gold rate ranged from ₹80,456.40 to ₹80,879.10.
Here's a summary of the gold rate trend in Kerala for the last 10 days of December 2024:
Overall, the gold rate trend in Kerala is a mix of fluctuations and growth, making it essential to monitor the market closely for informed investment decisions.
Factors Affecting Price
The factors affecting the price of gold in Kerala are quite complex, but I'll break them down for you. The Indian rupee's exchange rate with the US dollar is a significant factor, as India imports most of its gold and a weaker rupee makes gold more expensive.
India's dependence on gold imports means that changes in import duties, taxes, and restrictions can impact gold prices. For instance, a reduction in import duty can lead to lower gold prices, while an increase in import duty can result in higher gold prices.
The Reserve Bank of India's gold reserves also play a role in determining the day-to-day gold rate, as preserving these reserves reduces the supply of gold to the market, leading to rising gold prices.
Inflation is another key factor, as the price of gold increases when inflation rises. The rate of inflation in India can significantly impact the gold rate, making it essential to stay informed about current market trends.
The demand for gold during wedding and festive seasons also increases the price of gold. In Kerala, for example, the demand for gold during festivals like Onam and Diwali can drive up prices.
Here are the key factors affecting the price of gold in Kerala, summarized in a table:
The current gold rate in Kerala is influenced by a combination of these factors, making it essential to stay informed about market trends to make informed investment decisions.
Frequently Asked Questions
How much is 1 pavan gold in Kerala today?
In Kerala, 1 pavan of 22K gold is priced at Rs. 57200, which translates to Rs. 7150 per gram. This price is subject to market fluctuations and may vary depending on the current gold rates.
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