The state of Kerala is considered the main hub of South India, where gold is highly prestigious and is used by citizens regularly. The state contributes highly to the gold demand all over the country, creating a constant fluctuation in the gold rate today in Kerala. Hence, people in Kerala check the gold price in Kerala before buying or selling the gold or applying for a gold loan. Here is today’s gold rate in Kerala:
Today 22 Carat and 24 Carat Gold Price Per Gram in Kerala (INR)
Citizens in Kerala have to choose between different purities of gold before buying gold articles. Such purities can range from 14-carat to 24-carat and differ in their gold rate. Hence, it is important to first check the gold rate to choose an ideal purity of gold.
|Gram||22 Carat Gold Price Today||24 Carat Gold Price Today|
|Gold rate for 1 gram||₹ 5,455||₹ 5,728|
|Gold rate for 10 gram||₹ 54,550||₹ 57,280|
|Gold rate for 12 gram||₹ 65,460||₹ 68,736|
Gold Rate in Kerala for last 10 Days
Similar to other securities, gold as a commodity also follows a certain trend based on historical prices. This trend becomes the core reason for the price direction of gold in the future.
For example, if the historical prices show a negative trend where the prices have been falling continuously, it would mean that the gold prices may fall further in the coming days, making it ideal for the buyers to wait.
Hence, the buyers can look at the gold rate for the last 10 days to understand the gold price trend and make ideal purchasing decisions.
A detailed table containing both 22k gold rate in Kerala and 24k gold rate in Kerala for the last ten days is listed below.
|Date||Gold price 22 Carat||Gold price 24 Carat|
|1 Gram||10 Gram||1 Gram||10 Gram|
|11-08-2023||₹ 5,455||₹ 54,550||₹ 5,728||₹ 57,280|
|10-08-2023||₹ 5,470||₹ 54,700||₹ 5,744||₹ 57,440|
|09-08-2023||₹ 5,495||₹ 54,950||₹ 5,770||₹ 57,700|
|08-08-2023||₹ 5,505||₹ 55,050||₹ 5,780||₹ 57,800|
Gold Price Calculator in Kerala
Gold value: ₹ 5,455.00
Gold Rate in Kerala for Different Purities
Physical gold comes in different purities that highly affect the quality of the manufactured articles and the resulting price. These purities start from 14-carat gold and stretch to 18-carat, 20-carat, 22-carat, and 24-carat. Based on the difference in purity, the price of gold also differs.
For example, you may witness that the 24-carat gold price in Kerala differs from the 22-carat gold rate in Kerala today or today’s gold rate in Kerala , making it essential to analyse the different gold rates for various purities. Once examined, you can make an informed decision on which purity of gold to buy based on the available funds and desired quantity.
What is the Current Trend in the Gold Price in Kerala?
Kerala is a state with an uninterrupted demand for gold. However, the changing demand and supply factors result in a fluctuation in the 1 tola gold rate in Kerala today. The ideal way to find the best value for gold in Kerala is to understand the current trend to make informed purchasing decisions. Analysing this will allow grasping the current price direction and an ideal pattern to understand the current trend in today's gold rate per gram in Kerala. However, similar to other cities, the demand for gold will increase in Pune.
Monthly and Weekly Trends of Gold Rate in Kerala
Buyers of gold in Kerala have to pay for gold based on the current daily gold rate in Kerala. However, this gold rate changes regularly, resulting in a price difference. For a buyer to grasp the future price direction, it is essential to analyse the past gold prices for a month or week to understand the monthly and weekly trends.
Importance of Checking Gold Rates in Kerala Before Buying
As the gold rate depends on numerous dynamic factors, the buyers may have to pay a higher price for gold if the rate is higher. Hence, it is necessary to check the gold rate to understand the current trend and pick the best time to get ideal gold prices.
Factors That Affect the Gold Rates in Kerala
Kerala is one of those Indian states that witnesses the highest fluctuations in gold prices. It means that the gold price in Kerala today is never the same, which may result in a buyer having to pay two different prices for the same quantity of gold on two different days. Hence, buyers who want the best price for gold in Kerala should first understand the factors that affect the gold price. Here are the factors that affect the gold price in Kerala.
- Demand and Supply: Demand and supply highly affect the prices of gold in Kerala. If the demand exceeds the supply of gold, the gold price will increase. On the other hand, if the demand is lower than the supply, the price of gold will fall.
- Economic Situation: Investors buy gold when the economic situation in the country is negative to square off the losses made in other asset classes. In this case, gold may see higher demand, affecting its price in the domestic market.
- Currency Markets: The price of gold in the domestic market is affected by the currency markets, especially the US dollar rate. If the US dollar weakens, the gold rate falls because of weak global cues.
Reasons Why Gold Rates Differ Between Kerala and Other Cities
Kerala is one of the states in India that sees the highest demand for gold, contributing to the factors that create a price difference. Since the price difference can result in a higher or lower payment for gold, it is essential to understand the reasons. Here are the reasons why the rate of gold is different from other Indian cities:
- Import Prices: The local jewellers in Kerala import the gold from the international market based on how much demand there is in the state. Later, they levy a charge over the import prices to ensure profits, which is different from other Indian cities.
- Volume: The gold rate is different from other Indian cities because the volume of buying and selling gold is different in Kerala than in other cities. The constant volume change creates a price difference among Indian cities.
Gold Rates in Kerala FAQs:
The gold rate in Kerala today 1gm 22 carats, constantly changes based on numerous factors. You can look at the daily 1-gram gold rate in Kerala by heading to the “Gold Rate in Kerala Today” section.
On any given day, the price of 1 pavan gold in Kerala differs from the previous day due to constant fluctuations. You can know the price of 1 pavan gold in Kerala by heading to the “Gold Rate in Kerala Today” section.
The price of 22-carat gold in Kerala is constantly changing based on affecting factors. You can look at the 22-carat gold price today in Kerala by heading to the “Gold Rates in Kerala For Different Purities” section.
The best and easiest way to sell gold in Kerala is to approach local jewellers and sell according to the gold rate for that day
Gold is the cheapest in Kerala as the demand for gold in the state is the highest, along with positive supply factors.
Gold loan in major cities
- Gold Rate in Vijayawada
- Gold Rate in Kerala
- Gold Rate in Madurai
- Gold Rate in Pune
- Gold Rate in Rajasthan
- Gold Rate in Punjab
- Gold Rate in Salem
- Gold Rate in Ahmedabad
- Gold Rate in Coimbatore
- Gold Rate in Delhi
- Gold Rate in Kolkata
- Gold Rate in Bangalore
- Gold Rate in Chennai
- Gold Rate in Hyderabad
- Gold Rate in Mumbai