Gold Price In Kerala

Picture of Gold Price In Kerala

Following is the graph and table of price of 1 Pavan gold (8Gms, 22Carat) of present month.Date Price of 1 Pavan Gold (Rs.) 1-Dec-17 21840 2-Dec-17 Rs. 21,920 (Highest of Month) 3-Dec-17 Rs. 21,920 (Highest of Month) 4-Dec-17 Rs. 21,920 (Highest of Month) 5-Dec-17 21840 6-Dec-17 21680 7-Dec-17 21680 8-Dec-17 21520 9-Dec-17 21400 10-Dec-17Yesterday » 21400 11-Dec-17Today » Rs. 21,240 (Lowest of Month)

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Credit Score of 750 = Easy approval on Loans/Credit Card! Check now in less than 3 min!Check for FREE Gold Rate in Kerala According to a Times of India article published in December, 2014,3 gold loan companies together hold around 200 tonnes of the yellow metal in the form of jewelry. This equation is higher than gold reserves of Sweden, Singapore and Australia. This means the that gold rates in Kerala hold very high importance in the global market for the metal and not just in India.

Kerala is a state which is a great marketplace for gold investors and buyers alike. Also, jewelry made out of the precious metal is treated as wealth and a form of financial security at the same time. According to a business portal, Commodity Online, the state contributes for more than 20% of the gold in India’s annual consumption. It is also said that over 5000 jewelers and metal retailers thrive here with over 40,000 people involved as artisans for gold jewellery in Kerala.

Gold rates in Kerala, hence is very important for determining the future rates of gold in the country too as the demand is quite high established with the fact the business in gold thrives here. Get your Credit Score FREE in less than 3 minutes! Get it NOW Trend of Gold Rate in Kerala for November 2017 (rates per gram for 24 karat gold) November 2017 - Week 1 (1st - 5th) Demand for gold remained steady throughout this week in Kerala.

On the 1st of November, gold was trading at Rs.2,942 per gram. A demand was steady, gold price in Kerala remained at Rs.2,942 per gram over the next two days as well. However, demand dropped in the local market as international demand was also on the decline. This was due to a steadily improving dollar and investors’ increased investment in stocks around the world. The 4th saw gold trading at Rs.

2,932 per gram - a Rs.10 per gram decrease compared to the previous day. A steady buying trend from locals led to gold rate in Kerala remaining at Rs.2,932 per gram when the week ended on the 5th of November, November 2017 - Week 2 (6th - 12th) When trading commenced in Kerala, the precious metal was recorded trading at Rs.2,932 per gram amid a strengthening dollar. However, gold rate in Kerala improved the next day with the Middle-East crisis pushing demand higher for the safe-haven assets.

The yellow metal was priced at Rs.2,941 per gram on the 7th. Prices remained unchanged at Rs.2,941 per gram until the 9th, owing to a steady and sustained local demand amid strong global trends. In addition, the 10th witnessed the dollar losing its ground over other major emerging currencies as investors speculating over possible delays in the US tax reform. This led to gold rates surging to Rs.2,956 per gram.

The rest of the week saw gold price in Kerala remaining steady at Rs.3,055 per gram owing to a steady domestic demand compounded by strong global cues. November 2017 - Week 3 (13th - 19th) Gold demand in Kerala was consistent this week, thanks to continued buying from local investors. On the 13th of November, gold was priced at Rs.2,955 per gram, which continued on till the 14th as well. The 15th saw gold rate in Kerala go up to Rs.

2,965 per gram and then went up to Rs.2,966 per gram on the 16th before remaining unchanged on the 17th. During the 18th, gold rate in Kerala went up to Rs.2,986 per gram, thanks to an increased purchasing trend from the locals. When the week ended, gold was still trading at Rs.2,986 per gram. November 2017 - Week 4 (20th - 26th) Gold in Kerala opened at Rs.2,986 per gram and continued at the same rate on the second day of the week.

The 22nd saw gold rates drop to Rs.2,946 per gram as some weak global cues pushed demand in the state down. On the 23rd, gold prices in Kerala went up to Rs.2,955 per gram as demand bounced back amid strong demand. For the last three days, gold rates remained at Rs.2,955 per gram due to steady demand from local circles. Trend of Gold Rate in Kerala for October 2017 (rates per gram for 24 karat gold) Parameters Gold price (24 karat) Gold Rate on 1st October 2017 Rs.

2,954 per gram Gold Rate on 31st October 2017 Rs.2,942 per gram Highest Rate in October 2017 Rs.2,977 per gram from 12 to 16 October Lowest Rate in October 2017 Rs.2,931 per gram on 27 October Overall Monthly Performance Decline Percentage Change -0.40% October 2017 - Week 1 (1st -7th) The state with the largest demand for gold saw relatively stable demand in the first week of October, in spite of price surges and troughs throughout the week.

Gold was priced at Rs.2,954 per gram on 1 October before falling to Rs.2,943 per gram on 2 October due to a decrease in international demand. Local demand began to rise as the festive season began, with jewellers increasing orders and local industry also increasing gold consumption. Gold price in Kerala remained steady to Rs.2,941 per gram from 3-5 October as international demand was muted ahead of the release of U.

S. non-farm employment data. Though markets rose and demand for gold fell across the country, Kerala saw a rise in gold prices to Rs.2,942 per gram on 6 October. There was no change in gold rate in Kerala as the week ended on 7 October. October 2017 - Week 2 (8th -14th) Gold prices in Kerala too, saw significant gains over the course of this week. When trading commenced for this week, gold was priced at Rs.

2,942 per gram. On the 9th, gold rates in Kerala went up to Rs.2,962 per gram as local demand remained in conjunction with that seen in the international circles. The 10th and the 11th saw gold prices in Kerala remain steady but prices went up on the 12th to Rs.2,977 per gram. Due to a sustained demand seen on the 13th and the 14th, gold prices remained at Rs.2,977 per gram. October 2017 - Week 3 (15th - 21st) Gold prices in Kerala started off on a relative high before slumping as the weekend approached.

On the 15th of October, gold was priced at Rs.2,977 per gram. This continued on to the 16th of October as well as demand remained unchanged. The 17th saw gold rates in Kerala increase to Rs.2,989 per gram as the onset of Diwali saw the off take increase from both jewellers and retailers. Thanks to continued demand brought about by consistent purchases, gold rates were still holding at Rs.2,989 per gram on the 18th of OCtober.

Rates, however, fell on the 19th to Rs.2,961 per gram as local demand fell considerably amidst global pressure. For the remaining two days of the week, gold rates remained at Rs.2,961 per gram. October 2017 - Week 4 (22nd -28th) Gold prices in Kerala declined initially, but rates recovered with positive global cues towards the end of the week. The yellow metal was trading at Rs.2,961 per gram, when the week started off on the 28th.

Prices, however, dropped to Rs.2,951 per gram the next day with the dollar gaining over other major emerging currencies. Despite uneven global trends, gold rates in Kerala remained unchanged at Rs.2,951 per gram until the 26th, thanks to steady demand from local jewellers, industries and investors. However, the yellow metal prices dropped on the 27th as demand for the safe-haven asset declined with the dollar strengthening against the euro after the bond-buying programme was extended against expectations by the ECB.

Local demand improved on the 28th as the dollar weakened, pushing gold price in Kerala high to Rs.2,952 per gram when the week ended. October 2017 - Week 5 (29th- 31st) Gold prices in Kerala dropped considerably despite starting on a strong note. On the 29th of October, gold was priced at Rs.2,952 per gram. Keeping in tune with the national trend, however, gold rates dropped to Rs.2,942 per gram as demand witnessed quite a decline.

At the time of closing on the 31st, gold was seen trading at Rs.2,942 per gram because investors were cautious about their making new purchases. Trend of Gold Rate in Kerala for September 2017 (rates per gram for 24 karat gold) Parameters Gold price (24 karat) September 1 Rate Rs.2,941 per gram September 30 Rate Rs.2,954 per gram Highest Rate in September Rs.3,038 per gram from 9 to 12 September Lowest Rate in September Rs.

2,941 per gram from 1 to 5 September Overall Monthly Performance Incline Percentage Change 0.44% September 2017 - Week 1 (1st to 10th) Kerala, the country’s biggest gold consuming state, didn’t see prices remain stable for most of the week. When the week began, the yellow metal was priced at Rs.2,941 per gram. But, with demand remaining steady till the 5th, gold rates found little reason to change.

Positive global cues pushed gold prices up locally. Gold price in Kerala went up to Rs.3,012 per gram on the 6th and fluctuated for the next few days. When news about North Korea’s nuclear test was officially confirmed, gold rate in Kerala surged to Rs.3,038 per gram on the 9th. The week ended on the 10th with the yellow metal trading at Rs.3,038 per gram as demand remained stable till the closing hours.

September 2017 - Week 3 (18th-24th) Kerala witnessed gold demand dip midweek before bouncing back as a result of favourable trading conditions. On the 18th of September, gold rate in Kerala was Rs.2,992 per gram. But, a weak domestic demand followed by a rallying US dollar led to gold rates dropping down to Rs.2,972 per gram on the 19th. There was no change in gold price in Kerala on the 20th, but they went down to Rs.

2,961 per gram on the 21st due to subdued demand. As festive demand picked up, the yellow metal’s rates ascended to Rs.2,976 per gram on the 22nd. A steady demand for the precious metal made sure that gold traded at Rs.2,975 per gram on the 23rd and the 24th of September. September 2017 - Week 4 (25th - 30th) Gold prices in Kerala fluctuated on all days of this week. On the 25th, when the week began, the yellow metal was priced at Rs.

2,961 per gram. As demand was steady, prices remained unchanged on the 26th. Last moment festive season demand pushed gold rates up to Rs.2,975 per gram on the 27th. However, as demand dropped due to decreased buying, gold prices went down to Rs.2,974 per gram on the 28th. Two main reasons for this were the arrival of the festivities along with weak global cues. With investors backing out in numbers, gold price in Kerala went down to as low as Rs.

2,954 per gram on the 29th of September. A low yet sustained demand from local circles led to the metal trading at Rs.2,954 per gram till the end of the month. Parameters Gold price (24 karat) August 1 Rate Rs.2,882 per gram August 31 Rate Rs.2,941 per gram Highest Rate in August Rs.2,958 per gram on 30 August Lowest Rate in August Rs.2,840 per gram from 5-7 August Overall Monthly Performance Incline Percentage Change 2.

04% August ‘17 - Week 1 (1st to 6th) There was an overall decline in the gold rate in Kerala in the first week of August, as high import costs and weak demand led to prices falling. Gold was priced at Rs.2,882 per gram on 1 August as consumer demand for the yellow metal was stable. Gold price in Kerala dropped as the week progressed, with gold priced at Rs.2,872 per gram on 2 August due to fluctuations in overseas demand.

The U.S. dollar made a recovery after weeks of trading poorly, which led to a drop in demand for gold as the metal traded at Rs.2,852 per gram on 3 August. The continued rise of the dollar coupled with positive new from the U.S. Federal Reserve meeting led to prices remaining low, though local demand pushed prices to Rs.2,860 per gram on 4 August. As overseas demand slowed down, local demand was also muted and gold traded at Rs.

2,840 per gram on 5 & 6 August. August ‘17 – Week 2 (7th to 13th) In Kerala, India’s largest gold-consuming state, gold rates were recorded at Rs.2,840 per gram on the 7th of August. Gold rate in Kerala went up to Rs.2,857 per gram on the 8th and then to Rs.2,867 per gram on the 9th as demand went up amidst some positive cues in the national market. On the 10th, gold price in Kerala went up significantly to trade at Rs.

2,898 per gram - as a direct result of a market meltdown in the US. As tensions between the US and North Korea continued, investors opted to invest in the safe haven leading to increased demand in the market. Prices went up to Rs.2,924 per gram on the 11th. On the 12th, however, gold price in Kerala dropped marginally by Rs.2 for the metal to trade at Rs.2,922 per gram as investors remained vary of making purchases.

During the last day of August week 2, gold was still trading at Rs.2,922 per gram. August ‘17 - Week 3 (14th to 20th) The gold rate in Kerala declined marginally over the course of the week due to demand vagaries. Gold opened the week at Rs.2,910 per gram on 14 August, with the price falling to Rs.2,890 per gram on 15 August due to a drop in local demand. Prices recovered on 17 August, with gold trading at Rs.

2,900 per gram as international demand rose following a slump by the U.S. dollar due to ongoing geopolitical tensions. Prices remained constant for the remainder of the week as market fluctuations did not affect local prices. August 2017 – Week 4 (21st - 27th) Unlike other cities in India, gold demand in Kerala remained steady for most of the week with several international events having little impact on local proceedings.

When the week began on the 21st, gold rate in Kerala was at Rs.2,898 per gram, which remained unchanged till the 23rd due to a steady demand for the metal. Rates, however, fell to Rs.2,888 per gram on the 24th as local investors decided to refrain from purchases slightly. For the remaining days of the week, the gold price in Kerala was seen trading at Rs.2,888 per gram, thanks to a low but steady demand.

August 2017 – Week 5 (28th - 31st) Kerala saw minimal fluctuation in the price of gold in the last week of August as local demand kept prices stable, with gold opening the week at Rs.2,913 per gram on 28 August. Prices rose to Rs.2,949 per gram on 29 August as investors sought safe-haven assets like gold in the wake of uncertainty over the economic impact of the flooding in Texas and tensions with North Korea.

There was a decline in demand from both international as well as domestic industrial units on 30 August as gold prices dipped to Rs.2,958 per gram in spite of a low U.S. dollar rate. The month ended with gold prices dipping further, trading at Rs.2,941 per gram on 31 August as industrial demand fell and local demand could not sustain prices. Parameters Gold price (24 karat) July 1 Rate Rs.2,930 per gram July 31 Rate Rs.

2,872 per gram Highest Rate in June Rs.2,970 per gram from 3 to 5 July Lowest Rate in June Rs.2,796 per gram on 14 July Overall Monthly Performance Decline Percentage Change -1.97% July 2017 - Week 1 (1st to 9th) In the state of Kerala, gold was priced at Rs. 2,930 per gram and continued to trade at this rate on 2 July as well. There was a rise noted in the rate of this yellow metal the next day with this metal trading at Rs.

2,970 per gram. This price was noted until 5 July. The value of the U.S. dollar was quite low amidst speculations of monetary tightening by global banks. The rate of gold plunged to Rs.2,935 per gram on 5 July and reduced even further as the week progressed. On the last two days of the week, gold traded at a weekly low of Rs.2,900 per gram due to a fall in the demand for this metal. July 2017 - Week 2 (10th to 16th) In Kerala, gold prices were recorded at Rs.

2,820 per gram on the 10th. As there was no change in domestic demand, gold prices remained at Rs.2,820 per gram over the next two days. The 13th, however, gold prices jump to Rs.2,840 per gram, thanks to a rise in demand from local jewellers. Gold rates witnessed its biggest dip for the week when they went down to Rs.2,796 per gram on the 14th. On the 15th, gold prices rose to Rs.2,811 per gram and continued at the same rate on the 16th as well.

July 2017 - Week 3 (17th to 23rd) The price of gold rose marginally in Kerala, with the yellow metal opening the week trading at Rs.2,811 per gram on 17 July. Demand for gold in Kerala ncreased during a traditionally lean season due to market fluctuations as well as the poor performance of the U.S. dollar. Speculation over the Federal Reserve’s monetary policy led to global markets falling, as investors rushed to gold as a safe-haven asset and pushed its value to Rs.

2,826 per gram on 19 July. While local demand was muted, international demand increased and led to prices reaching Rs.2,848 per gram on 20 July. While demand was consistent, prices stabilised as the week ended resulting in gold rate in Kerala was at Rs.2,860 per gram on 22 & 23 July. July 2017 - Week 4 (24th to 31st): In Kerala, gold prices started at Rs.2,960 per gram on the 24th and remained there till the end of the 25th.

However, gold rates reflected the national demand and fell by Rs.10 to Rs.2,950 per gram on the 26th of July. After demand picked up on the 27th, owing to the fall of the US dollar, gold prices went up to Rs.2,960 per gram. Rates remained at Rs.2,960 per gram on the 28th, before increasing slightly to Rs.2,962 per gram on the 29th. On 30th, gold prices continued at Rs.2,960 per gram but as news about the US dollar hitting a 13-month low figure, demand increased and prices went up to Rs.

2,972 per gram. Parameters Gold price (24karat) June 1 Rate Rs.2,915 per gram June 30 Rate Rs.2,930 per gram Highest Rate in June Rs.2,945 per gram from 7-12 June Lowest Rate in June Rs.2,800 per gram on 23 June Overall Performance Incline Percentage Change 0.51% June 2017 - Week 1 (1st-4th): Kerala witnessed a relatively relaxed period with regards to gold sales in the country. On the 1st of June, gold was priced at Rs.

2,915 per gram - as May 31st prices continued onto the 1st of this month as well. Due to there be no change in demand, gold prices remained at Rs.2,915 per gram on the 2nd as well. The 3rd, however, saw demand increase as gold prices rallied around the world owing to a low in US-EU relationship. On 3rd, gold was trading at Rs.2,935 per gram - a Rs.20 increase from the previous day’s prices. When the week came to an end on the 4th, gold was still trading at Rs.

2,935 per gram. June 2017 - Week 2 (5th - 11th) In Kerala, gold prices saw little change for much of the week. On the 5th of June, when the week began, gold was priced at Rs.2,935 per gram and as demand remained stable, prices were still the same on the 6th. The 7th saw bullion rates increase due to a rise in local demand as they went up to Rs.2,945 per gram. From the 8th to the end of the week, gold prices didn’t change as demand was pretty much the same.

June 2017 - Week 3 (12th-18th) Gold traded at Rs.2,945 per gram on the 12th of June in the state of Kerala. However, as the demand for this metal was not very high, the rate of gold was not sustained. From the 13th of June to the 14th of June, the gold rate in Kerala fell to Rs.2,915 per gram. Due to a reduction in the demand for this precious metal, the rate of gold fell to trade at Rs.2,905 per gram on the 15th of the month.

There were certain doubts regarding gold trade as clarity was still needed about issues that were faced by banks that were importing bullion, due to GST. As the week progressed, the rate of gold continued to reduce and this metal traded at Rs.2,888 per gram on the last two days of the week. June 2017 - Week 4 (19 to 25) The price of gold in Kerala was on the ascent in the fourth week of June, trading at Rs.

2,885 per gram on 19 June. A slight dip in price was observed the following day, with gold trading at Rs.2,875 per gram on 20 June due to fluctuations in demand. As the U.S. Dollar price fell and overseas demand for gold rose, domestic prices also rose, with gold trading at Rs.2,885 per gram on 22 June. The price of gold rose as consumers rushed to buy gold before the onset of GST, which would result in an increase in prices.

Prices fell sharply on 23 June, trading at Rs.2,800 per gram due to a sudden rally by the markets. Prices recovered as the week ended, with gold trading at Rs.2,910 per gram on 25 June. June ’17 – Week 5 (26 to 30) The price of gold in the state of Kerala was in contrast to the rest of the country as prices increased in the last week of June. Gold traded at Rs.2,910 per gram on 26 June and fell marginally, trading at Rs.

2,885 per gram on 27 June due to a decline in demand across both international and domestic markets. The price rose over the next few days, with gold trading at Rs.2,900 per gram on 28 June. Customers increased purchases in anticipation of the rise in price after GST, which led to gold prices reaching Rs.2,930 per gram on 30 June, registering an increase in price by 0.51% over the course of the month.

May 1st Rate Rs.2,935 per gram May 31st Rate Rs.2,915 per gram Highest Rate in May Rs.2,935 per gram on 1st & 2nd May Lowest Rate in May Rs.2,855 per gram on 4th & 5th May Overall Performance Decline Percentage Change -0.68% May 2017 - Week 1 (1st-7th) Rate of gold in Kerala was relatively low during the beginning of the first week of May and continued to reduce as the week progressed.

Gold was priced at Rs.2,935 per gram on the 1st of the month and this rate was noted the next day as well. The rate of gold fell by Rs.10 the next day to trade at Rs.2,925 per gram. As the week progressed, the rate of gold continued to reduce. During the last three days of the first week, gold was priced at Rs.2,885 per gram in Kerala. May 2017 – Week 2 (8th -14th) Gold prices in Kerala reflected trends seen across other Indian cities, with prices falling during the week due to a drop in demand.

Gold traded at Rs.2,885 per gram on 8th May, with the price dropping to Rs.2,875 per gram on 10th May as investors moved away from safe haven investments following a rally by the markets. Prices fell to Rs.2,865 per gram on 11th May as the U.S. Dollar gained on global currencies, reducing demand for gold as exports became costlier. Gold ended the week trading at Rs.2,865 per gram on 14th May, recording a loss in price of Rs.

20 per gram over the course of the week. May 2017 - Week 3 (15th - 21st) Kerala, the most popular gold-consuming states, didn’t see as much of a drastic change in prices as other parts of the country. This was vastly because bullion demand could hold its own in the state, which was reflected in the prices. On 15th May, gold was priced at Rs.2,865 per gram and continued at the same rate on the 16th as well.

Prices went up on 17th to reach Rs.2,975 per gram as US dollar value seemed to weaken. Gold rates witnessed one of the biggest increase for the month on 18th as it went up to Rs.2,915 per gram - a Rs.40 increase from the previous day. Rates, however, remained the same over the next three days as demand didn’t change much over the next three days. May 2017 – Week 4 (22nd - 28th) The rate of gold was quite low in the state of Kerala during the fourth week of May.

Gold was priced at Rs.2,905 per gram on the 22nd and increased by Rs.20 the next day. The Manchester blasts had no significant impact on the rate of gold in Kerala. Due to a fall in the demand for this precious metal, gold traded in Kerala at Rs.2,915 per gram on the 24th of May. This rate was noted until the 25th of the month. The value of the U.S. dollar slipped as the U.S. Fed Reserve did not give an indication that the interest rates would be hiked.

On the last two days of the week, gold traded at Rs.2,925 per gram in Kerala. May ’17 – Week 5 (29th to 31st) Gold prices in Kerala were lower than the median rate, with gold trading at Rs.2,925 per gram on 29th May as prices remained constant from the previous week due to minimal fluctuation in demand. The decrease in demand from jewellers as well as market stability following the attack in Manchester led to gold prices remaining unchanged.

Prices fell as the month drew to a close, with gold falling by Rs.25 per gram in a day to trade at Rs.2,915 per gram on 31st May, registering a loss in value of 0.68% over the course of the month. April 1st Rate Rs.2,920 per gram April 30th Rate Rs.2,935 per gram Highest Rate in April Rs.3,000 per gram on the 22nd and 23rd of April Lowest Rate in April Rs.2,920 per gram from the 1st to the 3rd of April Overall Performance Incline Percentage Change 0.

51% April 2017 - Week 1 (1st-9th) Gold rate in Kerala was relatively low during the beginning of the first week of April but increased as the week progressed due to low demand. Gold was priced at Rs.2,920 per gram on the 1st of April due to moderate demand from markets in both India and abroad. This gold price in Kerala was maintained until the 3rd of April. Due to increased demand for this precious metal, the rate of gold increased to Rs.

2,940 per gram on the 4th of April and stayed steady at this rate until the 6th of April. As demand for gold continued to rise, the rate of gold steadily increased to Rs.2,950 per gram on the 7th of April. But this demand was not sustained and the rate of gold reduced to next day. On the last two days of the month, the rate of gold fell to Rs.2,930 per gram on account of reduced demand. April 2017 - Week 2 (10th-16th) In Kerala, the second week of April began with gold trading at Rs.

2,930 per gram and, as demand went up, increased to Rs.2,940 per gram on 11th. Gold rate in Kerala went up again on 12th, this time to reach Rs.2,965 per gram and increased again to Rs.2,975 per gram on 13th. From 14th till 16th, gold price in Kerala remained unchanged as it consolidated to end the week at Rs.2,975 per gram. April 2017 - Week 3 (17th-23rd) Rate of gold in Kerala was relatively low during the beginning of the third week of April but increased as the week progressed.

Gold was priced at Rs.2,975 per gram on 17th April due to low demand from markets in both India and abroad. This rate was noted until the 18th of April. However, as the demand for this metal increased, the rate of gold followed an upward trend as well. Rate of gold continued to trade steadily at Rs.2,990 per from from the 19th to the 21st of April. Prices recovered as the U.S. Dollar fell towards the end of the week, as gold traded at Rs.

3,000 per gram on the 22nd and 23rd of April. April 2017 - Week 4 (24th-30th) Rate of gold in Kerala was relatively low during the beginning of the third week of April and continued to decline as the week progressed. On the first day of the fourth week, gold traded at Rs.2,985 per gram before reducing by Rs.10 the next day. On the 26th of April, due to a reduction in the demand for this metal, gold traded at Rs.

2,960 per gram and fell even further the next day. Rate of gold was steady at Rs.2,935 per gram on the last two days of the week due to low demand for this metal. March 1st Rate Rs.2,960 per gram March 31st Rate Rs.2,920 per gram Highest Rate in March Rs.2,960 per gram on 1st March Lowest Rate in March Rs.2,860 per gram on 15th March Overall Performance Decline Percentage Change -1.35% March 2017 - Week 1 (1st - 4th): Unlike other cities and states in the country, gold prices in Kerala remained the same over the course of the week.

Gold was trading at Rs.2,960 per gram on 1st and remained the same till the closing hours of the 4th. March 2017 - Week 2 (5th - 11th): Kerala sustained the best period with regards to gold rates in the second week of March. Rates remained the same over the entire week as the demand remained much the same throughout. When the week started gold in Kerala was trading at Rs.2,960 per gram and ended the week at the same price on the 11th.

March 2017 - Week 3 (12th-18th): Rate of gold in Kerala was relatively high during the beginning of the third week of March but reduced as the week progressed due to low demand. Gold was priced at Rs.2,960 per gram on 13th March due to high demand from markets in both India and abroad. However, this demand could not be sustained and the rate of silver fell to Rs.2,890 per gram on the 14th of March.

Rate of gold continued to decline the next day as well with gold trading at Rs.2,860 per gram on the 15th due to a fall in industrial demand. Prices recovered as the U.S. Dollar fell towards the end of the week, as gold traded at Rs.2,880 per gram on 16th March. The price rose to Rs.2,890 per gram on 17th March and continued this way until the end of the week, registering a fall of Rs.70 in the rate of gold.

March 2017 - Week 4 (19th-25th): In Kerala, gold rates changed only on two occasions during the fourth week of March. On 20th, gold was trading at Rs.2,890 per gram and remained unchanged during the 21st. The 22nd saw gold prices increased to Rs.2,920 per gram as dollar value fell and local demand increased. Gold rates didn’t change over the next four days as trade was holding steady against a strengthening dollar.

At the end of March week 4, gold was trading at Rs.2,920 per gram. March 2017- Week 5 (26th-31st): In Kerala, one of the largest gold consuming states in the country, gold rates didn’t see too much of a fluctuation. Gold rate in Kerala only changed on one of the days of the week. On 27th, gold was trading at Rs.2,920 per gram but went up to Rs.2,925 per gram on 28th. The 29th saw gold price in Kerala go down by Rs.

5 to Rs.2,920 per gram. For the next few days till the end of the week, gold rates remained at Rs.2,920 per gram. February 1st Rate Rs.2,945 per gram February 28th Rate Rs.2,960 per gram Highest Rate in February Rs.3,031 per gram from 25th-27th February Lowest Rate in February Rs.2,935 per gram on 14th & 15th February Overall Performance Incline Percentage Change +0.50% February 2017 - Week 1 (1st-4th): In Kerala, one of the biggest consuming state in the country, gold prices saw little to no change as the local markets cruised through a pretty solid period.

The week began with gold trading at Rs.2,945 per gram and remained the same for much of the week. At the end of the week, gold prices were still holding off at Rs.2,945 per gram. February 2017 - Week 2 (5th-11th) Unlike the trend across the country, the price of gold in Kerala did not see any change for the duration of the second week of February. Local demand kept prices stable and insulated from the fluctuations seen across other markets and cities, with gold trading at Rs.

2,945 per gram from 5th February to 11th February. The sustained demand for gold due to the wedding season kept prices steady, in spite of a reduction in industrial demand from the region during this period. February 2017 - Week 3 (12th-18th) The price of gold in Kerala reflected trends across the country, with gold prices dipping initially before recovering as the week ended. Gold was priced at Rs.

2,945 per gram on 12th February, with the price remaining constant till 13th February on steady demand. Prices dipped to Rs.2,935 per gram on 14th February due to a fall in industrial demand. Prices recovered as the U.S. Dollar fell towards the end of the week, as gold traded at Rs.2,945 per gram on 16th February. The price rose to Rs.2,960 per gram on 18th February registering a rise in price of Rs.

15 per gram over the week. February 2017 - Weeks 4 & 5 (19th-28th) The price of gold in Kerala was constant throughout the last two weeks of February, as local demand kept prices stable. Gold was priced at Rs.2,960 per gram on 19th February, with the price remaining constant till the month ended on 28th February. Market vagaries and demand fluctuations did not affect the price, in contrast with most other cities in India.

The overall increase in price was also minimal, with gold rising by 0.50% during the month. January 1st Rate Rs.2,815 per gram January 31st Rate Rs.2,945 per gram Highest Rate in January Rs.2,970 per gram from 23rd-26th January Lowest Rate in January Rs.2,815 per gram form 1st-3rd January Overall Performance Incline Percentage Change +4.61% January 2017 - Week 1 (1st to 7th) In Kerala, the highest gold consuming state in India, gold prices witnessed some highly positive growth.

When the week began, gold was trading at Rs.2,815 per gram and continued at the same rate for much of the 2nd and the 3rd. On 4th, prices increased by Rs.30 as demands surged to trade at Rs.2,845 per gram. Prices increased on the 5th too, by Rs.15, to hike gold rates to Rs.2,860 per gram. On 6th and 7th, gold rates were the same as on the 5th and ended the week at Rs.2,860 per gram. January 2017 - Week 2 (8th to 15th) Gold prices in Kerala saw significant increases, with gold trading at Rs.

2,860 per gram on 8th January. Prices rose to Rs.2,880 per gram from 10th-13th January, increasing by Rs.20 due to robust trading in gold. The end of the week saw gold prices rise further as markets were unstable, leading to investors taking a greater interest in bullion. Gold traded at Rs.2,920 per gram on 14th and 15th January, registering an increase in the weekly price by Rs.60. January 2017 - Week 3 (15th to 21st): Kerala, one of the biggest gold consuming state in the country, witnessed some positive growth during the third week of January.

The week began with gold trading at Rs.2,920 per gram and continued at the same rate till the end of business hours of the 18th. On 19th, prices increased by Rs.30 to hit Rs.2,950 per gram and remained the same on the 20th as well. At the end of the week on the 21st, prices increased by Rs.10 as the yellow metal was trading at Rs.2,960 per gram. January 2017- Weeks 4 & 5(22nd to 31st) While gold traded high initially, prices fell towards the middle of the week to record a loss in price.

Gold traded at Rs.2,960 per gram on 22nd January in Kerala, as local demand coupled with high industrial demand kept prices stable. Prices rose to a monthly high of Rs.2,970 per gram on 23rd January, with consistent demand keeping prices constant for the next three days. The end of the week saw a dip in price as local demand could not boost prices, which were flagging due to lower than expected demand from overseas.

Prices fell still further as the week ended, trading at Rs.2,945 per gram on 31st January. December 1st Rate Rs.2,905 per gram December 31st Rate Rs.2,815 per gram Highest Rate in December Rs.2,905 per gram on 1st December Lowest Rate in December Rs.2,760 per gram from 21st to 23rd December Overall Performance Decline Percentage Change -3.09% December 2016 - Week 1 (1st to 4th) Gold rate in Kerala didn’t see much of a change for the first week.

The week began as gold traded at Rs.2,905 per gram which held on till the closing hours of the 2nd. On the 3rd, prices went down slightly to reach Rs.2,900 per gram. At the end of the week on the 4th, gold prices were the same as they were on the 3rd, with the prices closing at Rs.2,900 per gram. December 2016 - Week 2 (5th-11th) Kerala nearly saw a fall of Rs.100 per gram over the course of the week.

Gold traded at Rs.2,900 per gram at the beginning of the week on December 5th. December 6th too maintained the same prices as gold again traded at Rs.2,900 per gram. On December 7th, prices dipped by about Rs.35 to sell at Rs.2,865 per gram and went on to trade at Rs.2,860 per gram on the the 8th. On December 9th, prices again fell as gold began trading at Rs.2,940, a decrease of Rs.20 per gram. December 10th saw yet any downsurge in gold prices when they hit Rs.

2,910 per gram, a good Rs.90 per gram decrease from the first day of the week. At the time of closing on December 11th, price of gold remained at Rs.2,910 per gram. December 2016 - Week 3 (12th to 18th) Gold prices saw quite some change over the 3rd week of December. The week began on the 12th where gold traded at Rs.2,810 per gram. Prices remained the same as on the 12th till the closing hours of the 14th.

On 15th, gold prices decreased by Rs.35 to hit Rs.2,775 per gram. The 16th saw price decrease further more as gold sold at Rs.2,445 per gram. On 17th, prices climbed up to hit Rs.2,770 per gram and maintained at the same rate till the closing hours of the 18th. December 2016 - Week 4 (19th to 25th) Kerala saw very little change in gold prices for the week. At the beginning of the week as it traded at Rs.

2,770 per gram and the same rate continued till the 20th. The 21st, however, saw prices decrease to hit Rs.2,760 per gram which remained stable till the 23rd of the month. On the 24th, prices went back up again as gold traded at Rs.2,770 per gram and sold at the same rate at the end of the week on the 25th. December 2016 - Week 5 (26th to 31st) Gold prices in Kerala were lower than usual due to demonetisation, as demand was low.

Gold was priced at Rs.2,770 per gram on 26th December, with the price staying the same on 27th December as well. Prices rose to Rs.2,805 per gram on 28th December as the markets fell, prompting an increase in demand for gold. The price rose to Rs.2,815 per gram on 29th December, with prices staying constant till 31st December. 1st November rate Rs.3,055 per gram 30th November rate Rs.2,940 per gram Highest rate in November Rs.

3,135 per gram on 9th November Lowest rate in November Rs.2,930 per gram on 25th November Overall performance Decline % Change -3.76% c November '16 - Week 1 (1st to 6th) Gold traded at Rs.3,055 per gram on 1st November. Gold prices started to increase this week as demand in the domestic spot market was high because the wedding season has begun. In the global market, trends played in favor of gold as the dollar weakened.

Gold traded at Rs.3,110 per gram from 4th November to 6th November which was the highest rate for gold this week. November '16 - Week 2 (7th to 13th) Gold traded at Rs.3,090 per gram on 7th November. Prices fluctuated drastically this week as trends in the global market were the opposite of the domestic market. There was a spike in gold prices on 9th November with gold trading at Rs.3,135 per gram, the highest for the week, soon after Prime Minister Modi announced his strike on black money.

Demand for gold declined as people were reluctant to buy gold fearing scrutiny from the IT Department. The overseas market saw an increase in gold prices as Donald Trump won the U.S. presidential election but this was not enough to overcome domestic trends. Prices of gold dropped to Rs.3,080 per gram from 10th to 13th November. November '16 - Week 3 (14th to 20th) Gold prices lulled this week as the domestic market demand was mute.

Gold traded at Rs.3,080 per gram at the start of the week before it fell to Rs.3,070 per gram on 16th November. Prices remained constant for the rest of the week as stricter rules around cash purchases of gold amid the strike on black money deterred buyers in the domestic market. Gold rates edged higher in the global market as the dollar was weak amid the uncertainty of Donald Trump’s economic policies.

Gold prices are expected to pick up once the market stabilises and normalcy returns to the nation’s cash supply. November '16 - Week 4 and 5 (21st to 30th) Gold traded at Rs.2,990 per gram at the start of the week. Gold recovered to Rs.3,000 per gram on 22nd and 23rd November before falling again. Demand for gold took a hit this week as the nation faced a shortage of cash. The U.S. released positive economic data which drove the dollar up against other currencies.

Confidence of the U.S. Federal Reserve regarding the interest rate hike was high. Gold rates dipped to Rs.2,945 per gram by the end of the month. There was a decline of 3.67% in gold prices this month. 1st October rate Rs.3,115 per gram 31st October rate Rs.3,055 per gram Highest rate in October Rs.3,115 per gram on 1st to 4th October Lowest rate in October Rs.3,020 per gram on 8th October to 11th October Overall performance Decline % Change -3.

31% October '16 - Week 1 (1st to 7th) Trends in the global market didn’t deter buyers in Kerala. Gold traded steadily at Rs.3,115 per gram from 1st to 5th October. The impact of a rising dollar was felt on 5th OCtober when prices start dropping. By the end of the week, prices had fallen to Rs.3,040 per gram. Jewellers expect festive demand to pick up soon but feel people are reluctant to buy gold in cash in light of stricter tax laws.

October '16 - Week 2 (8th to 14th) Gold traded at steady rates this week. The price of gold was Rs.3,020 per gram from 1st October to 11th October. By 12th October, high demand gave gold rates a boost to Rs.3,030 per gram. The global market has a positive outlook this week. Gold continued to traded at Rs.3,030 per gram going into the third week of October. October '16 - Week 3 (15th to 21st) Gold traded at a steady pace at the start of the week when prices remained at Rs.

3,030 per gram. On 17th October, expectations of the U.S. Federal Reserve rate hike grew strong leading to a fall in gold prices to Rs.3,021 per gram. Gold recovered on the back of wedding season demand in the domestic spot market. Gold climbed to Rs.3,040 per gram on 19th October and remained steady till the end of the week. October '16 - Week 4 (22nd to 28th) & Week 5 (29th to 31st) Gold traded at Rs.

3,045 per gram on 22nd and 23rd October. Amid the festive season, demand for gold dropped slightly as gold was expensive. Gold prices recovered on 26th October and traded at Rs.3,050 per gram till 30th October. Global trends indicated a positive atmosphere as the dollar dropped. Speculations of the Fed rate hike led investors to believe that the hike would take place gradually. The week closed with gold trading at Rs.

3,055 per gram, the highest rate for this week. Demand is expected to remain high with jewellers increasing their intake for the wedding season. 1st September rate Rs.3,130 per gram 30th September rate Rs.3,135 per gram Highest rate in September Rs.3,160 per gram on 25th to 26th September Lowest rate in September Rs.3,120 per gram on 2nd and 19th September Overall performance Increase % Change 0.

16% September '16 - Week 1 and 2 (1st to 10th) Gold traded at Rs.3,130 per gram on 1st September. Prices dropped on account of slower demand but was quick to rise by 7th September when gold traded at Rs.3,160 per gram, the highest for the week. By the end of the week, gold stabilised at Rs.3,145 per gram. September '16 - Week 3 (11th to 17th) Gold prices in Kerala were relatively stable with a slight dip in prices on 15th September.

Sustained demand in the domestic market allowed gold rates to traded at a constant pace. Gold traded at Rs.3,145 per gram on 11th to 14th September. Prices dropped to Rs.3,135 per gram on 15th September and remained the same till the end of the week. September '16 - Week 4 (18th to 24th) Gold traded at Rs.3,135 per gram on 18th September. Despite upbeat market trends indicating a bullish atmosphere, gold prices slipped to Rs.

3,120 per gram on 19th September. Prices rose again to Rs.3,130 per gram on 20th September and remained unchanged till the end of the week. Domestic demand was high from retailers and stockists this week. September '16 - Week 5 (25th to 30th) Gold prices dipped this week on account of a strong dollar. The Fed rate hike has been stalled for the time being as the U.S. presidential elections are in motion.

Gold traded at Rs.3,160 per gram on 25th and 26th September, which was the highest price for the month. Gold started gradually declining and settled at Rs.3,135 per gram on 29th and 20th September. Demand in the domestic market was not strong enough to take on the global trends. 1st July rate Rs.3,092 per gram 31st July rate Rs.3,130 per gram Highest rate in July Rs.3,092 per gram on 1st August Lowest rate in July Rs.

3,140 per gram on 26th to 30th August Overall performance Rising % Change +1.23% August '16 - Week 1 (1st to 7th) Gold prices remained stable during the week, rising at the weekend before dipping slightly. Gold traded at Rs.3,092 per gram on the 1st and at Rs.3,095 on the 7th of August. The low U.S. Dollar led to increased demand both domestically and overseas. Data showing steady economic growth in the non-farm sector pushed markets up, lowering gold demand at the end of the week.

August '16 - Week 2 (8th-14th) Gold rates were relatively constant through the week. Gold traded at Rs.3,095 per gram for majority of the week ignoring global trends. Gold rose to Rs.3,125 per gram on 13th August owing to higher demand in the domestic market as well as global trends that was indicative of the fact that the U.S. Fed rate hike may not happen this year. August '16 - Week 3 (15th-21st) Prices of gold for the third week of August were relatively stable.

Gold traded at Rs.3,125 per gram on 15th of August. Gold jumped up by Rs.10 trading at Rs.3,135 per gram on 16th August. Sustained demand in the domestic market helped prices stay constant through the week. August '16 - Week 4 (22nd-28th) Gold prices remained stable through the week. Gold rates in Kerala seemed to be unaffected by the global market as the strong dollar led to a drop in prices around the world.

Gold traded at Rs.3,135 per gram at the beginning of the week and climbed to Rs.3,140 per gram by the end of the week. The incline in prices are a result of increased domestic demand as the festive season approaches. August '16 - Week 5 (29th-31st) Gold continued the stable trend from the previous week trading at Rs.3,140 per gram at the beginning of the week. Gold rates dropped to Rs.3,130 per gram as the dollar gained strength.

The U.S. Federal Reserve rate hike might be put in place in the month of September. 1st July rate Rs. 3,000 per gram 31st July rate Rs. 3,092 per gram Highest rate in July Rs. 3,167 per gram July 16 and 17 Lowest rate in July Rs. 3,000 per gram on July 30 Overall performance Rising % Change +5.57% July'16 - Week 1 and 2 (1st to 10th) Prices soared in July in the state of Kerala trading at Rs.

3,000 on July 1st. Prices were rising and falling through the week but became more stable by July 7th. Gold traded constantly at Rs.3,055 till the end of the week. The Brexit vote and domestic trends worked in favor of gold rates. July'16 - Week 3 (11th to 17th) Prices rose during the week, with a minor drop in prices recorded during the middle of the week. However, prices recovered as the week ended.

Prices were recorded at Rs.2,055 per gram on the first day of the week and Rs.2,167 per gram on the last day of the week. In spite of marginal losses during the middle of the week, the price rose thanks to an increase in global and domestic demand, resulting in the difference in rates between the first and last days being Rs.112. July '16 - Week 4 (18th to 24th) Gold traded at a relatively stable pace in Kerala this week.

Global trends led to a weaker market but gold is still viewed as a safe-haven investment and demand remained quite stable. Slight fluctuations were seen with the lowest price recorded on 21st july at Rs.3,041. The highest price followed soon after and gold traded at Rs.3,070 on 22nd July. July‘16 - Week 5 (25th to 31st) Gold rates remained constant between the 25th and 27th of July, at Rs.3,060.

An increase of Rs.32 on the 28th of the month saw prices climb to Rs.3,092, and the remained unchanged until the end of the month, thus closing at the aforementioned rate. 1st June rate Rs.2,895 30th June rate Rs.2,990 Highest rate in June Rs.3,050 from 25th to 28th of June Lowest rate in June Rs.2,935 on 10th of June Overall performance Rise % Change +3.92 Jun'16 - Week 1 (1st to 5th) Gold traded on a steady path in Kerala in the beginning of June.

Prices of gold were at Rs. 2,895 and did not change at all. The Kerala gold prices seemed to be unaffected by the situation in the domestic market as well as the international market. Stable demand allowed prices of gold to stay steady. Jun'16 - Week 2 (6th to 12th) Gold traded at Rs.2,895 per gram for the first three days of the week till 8th of June. Gold prices rose up to Rs. 2,935 per gram on the 9th of June and stayed the same for the next one day.

Gold closed the week at Rs. 2,955 on the 12th of June. Jun'16 - Week 3 (13th to 19th) Gold traded at Rs. 2,740 per gram on the 13th of June. The price rose to Rs. 2,755 per gram on the 15th of June. Gold rate climbed higher as the week progressed and hit its highest for the week on the 16th of June at Rs. 2,770 per gram and held steady till the end of the week. Jun'16 - Week 4 (20th to 26th) As the month progressed, there was a steady increase in the price of gold and was relatively steady with a few minor variations.

At the beginning of the week, the price of gold was Rs. 2,975 per gram and towards the end of the week, the price had risen to Rs. 3,050 per gram which was also the highest for the week. Gold prices in Kerala seems to be quite steady and unaffected by global trends or decline. Jun'16 - Week 5 (27th to 30th) Prices fluctuated during the four days but the presence of strong domestic and international cues ensured that changes were not drastic.

Prices were recorded at Rs.3,050 on the 27th of June and Rs.2,990 on the 30th of June. Prices decreased by just Rs.60 between the 27th and 30th of June. 1st May rate Rs. 3,025 per gram 31st May rate Rs. 2,895 per gram Highest rate in May Rs. 3,025 per gram May 1 Lowest rate in May Rs. 2,885 per gram on May 30 Overall performance Decline % Change -4.29% May'16 - Week 1 (1st to 7th) Prices remained stable throughout the week after gaining slightly on Tuesday.

Prices were recorded at Rs.3,025 on the 1st of May and Rs.3,014 on the 7th of May. With a marginal increase on Tuesday, prices remained the same for the rest of the week with no change whatsoever. May ‘16 - Week 2 (8th to 14th) Prices fluctuated during the week, first dropping before picking up again towards the end of the seven-day period. Prices were recorded at Rs.3,014 on the 8th of May and Rs.

2,998 on the 14th of May. With a marginal decline on Tuesday, prices rose again on Thursday before declining on Friday and rising again on Saturday May ‘16 - Week 3 (15th to 21st) Prices fluctuated during the third week of the month, first remaining stable for the first two days before picking up marginally on the following two days and declining again to remain constant for the remainder of the seven-day period.

Prices were recorded at Rs.2,998 on the 15th of May and Rs.2,985 on the 21st of May. Despite marginal losses on Tuesday and Thursday, the decline in prices over the course of the week was only Rs.13 thanks to firming international and domestic trends in addition to an increase in industrial demand. May ‘16 - Week 4 (22nd to 28th) In Kerala, the gold rates declined at a steady pace. The week started out being constant and ended with a lower but constant rate.

Prices were recorded at Rs. 2,985 on the 22nd of May and Rs. 2,937 on the 28th of May . Prices started dropping on 25th May, and dropped further on 26th May. The rates then stayed steady till the end of the week with global trends having minimal effects. May ‘16 - Week 5 (29th to 31st) Due to steady demand, there were minor gold fluctuations recorded in the month of May. On the final day of the month, gold traded at Rs.

2,895 per gram which was lower than the price on 29th May, which was Rs. 2,937 per gram. Gold rates in Kerala have a significant impact in the market globally. 1st April rate Rs 2,872 30th April rate Rs 3,025 Highest rate in April Rs 3,025 on 30th Lowest rate in April Rs 2,852 on 4th Overall performance Gain/Positive % Change + 5.32% Apr'16 - Weeks 1 & 2 (1st to 10th) Gold prices appreciated in Kerala over the first two weeks of the month as global cues and domestic demand helped spur rates.

Prices were Rs.2,863 on 1st and Rs.2,890 on 10th. Gold posted positive trends for the most part, and registered cumulative gains of Rs.37 during the time period. Apr ‘16 - Week 3 (11th to 17th) Gold prices were down by Rs.6 in third week’s trading. Prices were Rs.2,911 on 11th and Rs.2,905 on 17th. Gold prices saw low fluctuations as global stabilizing of rates helped keep rates in a stable range.

Apr ‘16 - Week 4 (18th to 24th) Gold gained value during fourth week’s trading. Prices were Rs.2,927 on 18th and Rs.2,969 on 24th. Gold rose by Rs.35 to Rs.2,970 on 20th and Rs.2,989 on 22nd. Prices dropped to Rs.2,969 on 23rd and ended the week at the same rate. Apr ‘16 - Week 5 (25th to 30th) Gold rates were unchanged from the previous week on Monday (25th). A gradual increase in prices was witnessed through the week.

Prices picked up from Rs 2,969 on 25th to Rs 3,025 on 30th, ending the month on a high. 1st March rate Rs 2,872 31st March rate Rs 2,872 Highest rate in March Rs 3,090 on 2nd Lowest rate in March Rs 2,822 on 29th Overall performance No change % Change 0% Mar'16 - Week 1 (1st to 6th) Gold markets were closed for a few days in the first week of March as traders and jewellers around the country protested against the proposed measure to levy 1% excise duty on jewelleries as announced during Budget 2016-17.

Prices were constant at Rs.2,872 till 3rd and Rs.2,892 from 4th to 6th. Mar'16 - Week 2 (7th to 13th) Jewellery associations’ strike entered into its second week as both sides didn’t budge from their demands over 1% excise duty on non-silver jewelleries and PAN detail submission on transactions crossing Rs.2 lakhs. Prices were constant at Rs.2,892 till 9th, Rs.2,871 till 11th and Rs.2,867 till 13th.

Mar ‘16 - Week 3 (14th to 20th) Gold prices went through minor deviations over the week as protests continued through the third week also. Prices were constant at Rs.2,852 and Rs.2,857 in the week. Mar ‘16 - Week 4 (21st to 27th) Gold prices depreciated over the fourth week. Prices were Rs.2,855 on 21st and Rs.2,833 on 27th. Gold dropped to Rs.2,824 by 24th before rising to Rs.2,833 on 25th where it stayed for the rest of the week.

Mar ‘16 - Week 5 (28th to 31st) Gold rates witnessed changes on a daily basis during the week. Gold price dropped from Rs 2,855 to Rs 2,822 before reaching Rs 2,872. 1st February rate Rs.2,716 29th February rate Rs.2,872 Highest rate in February Rs.2,882 on 6th Lowest rate in February Rs.2,705 on 4th Overall performance Gain/Positive % Change +5.74% Week 1 (1st to 7th) Gold started February on a positive note in Kerala, rising by a cumulative margin of Rs.

38. Prices were Rs.2,716 on 1st and Rs.2,754 on 7th. Gold prices were volatile over the week, rising to Rs.2,740 by 3rd then falling to Rs.2,705 on 4th. Prices rose to Rs.2,730 on 4th and then substantially to Rs.2,882 on 6th before settling at Rs.2,754 for the week. Week 2 (8th to 14th) Gold prices appreciated in the 2nd week also, rising by an overall margin of Rs.100 over the course of trading in the week.

Prices were Rs.2,728 on 8th and Rs.2,828 on 14th. Gold rose to Rs.2,838 by 11th before sliding to Rs.2,828 on 12th. Prices rose to Rs.2,852 on 13th but fell back to Rs.2,828 on 14th. Week 3 (15th to 21st) Gold prices were stable at Rs.2,810 all through the 3rd week. Prices were Rs.2,810 on 15th and Rs.2,810 on 21st. Week 4 (22nd to 29th) Gold rose again in the final days of February, ending the month on a highly positive note.

It was priced at Rs.2,805 on 22nd and Rs.2,872 on 29th. Gold traded in the positive till 26th to rise by an overall margin of Rs.67 to Rs.2,872 before stabilizing at that level for the rest of the month. 4thJanuary rate Rs.2,517 31st January rate Rs.2,685 Highest rate in January Rs.2,773 on 29th Lowest rate in January Rs.2,517 on 4th Overall performance Gain/Positive % Change +6.

67% Week 1 (4th to 10th) Gold prices were up in the first week of trading in the New Year. Prices were Rs.2,517 on 4th and Rs.2,632 on 10th. Gold rose consecutively throughout the week, rising by an overall margin of Rs.115 as strong global cues and a healthy domestic demand from jewellers and retailers spurred rates. Week 2 (11th to 17th) Gold rates declined in the 2nd week of January as strong performance in equity markets and weak global and domestic cues pushed rates down.

Prices were Rs.2,642 on 11th and Rs.2,602 on 17th. Gold had consecutive negative sessions from 11th to 14th with an overall loss of Rs.40 before prices stabilized from 15th onwards at Rs.2,602. Week 3 (18th to 24th) Gold prices continued declining in the 3rd week also. Prices were Rs.2,659 on 18th and Rs.2,635 on 24th. Prices fluctuated within the rage of Rs.2,648 to Rs.2,663 from 18th to 23rd before falling considerably on 24th by Rs.

28 to settle at Rs.2,635 for the week. Week 4 (25th to 31st) Gold prices rallied at the end of the month, recovering previous losses and starting on an upward direction. It was priced at Rs.2,635 on 25th and Rs.2,685 on 31st. Gold prices appreciated steeply to Rs.2,773 by 29th before sliding to Rs.2,685 by 31st, registering a gain of Rs.50 over the week. Credit Score of 750 = Easy approval on Loans/Credit Card! Check now in less than 3 min! Check for FREE Details of Gold Price in Kerala (22 Karat & 24 Karat) - Till August 2015 Gold is available in Kerala for trading, investing, buying and selling as well as in the form of gaining financial aid through loans in this state and is practiced widely here as established earlier.

Here are the gold rates in Kerala as of August, 2015: 22 Karat Gold: This is the lesser pure form of gold, however the price trends of this gold stays very close to the purest 24 karat gold. As of August 2015, gold rates in Kerala are at around Rs. 2,359 per gram. Gold prices were at around Rs. 2805, in January 2014. the sharp decline has been consistent and gradual since then however, have done slightly better in the month of May.

But with the sudden lowering of gold rates elsewhere, gold rates in Kerala have also seen a very stark decline in the past few months. 24 Karat Gold: 24 karat gold in its purest form is also traded here and the prices remain higher against its slightly impure counterpart, although the price trends remain the same. As of August 2015, gold rates in Kerala have been hovering around Rs. 2,519 per gram against Rs.

2992 in January 2014. It too has seen a huge fall in prices affected by the global phenomena of the yellow metal prices falling in July, 2014. Gold Investment Avenues in Kerala Gold is popularly sold as ingots, bullions, coins and most importantly as jewellery in Kerala. Regardless, the rise and fall of price gold elsewhere, this precious metal is always in demand especially in rural areas which forms a great percentage of people who buy and sell gold: Over-the-counter: Gold is available for retail in the form coins and jewelry.

People wear are extremely traditional about the gold and the small and medium scale retailers are doing well, apart from the large retailers in the state. Gold bullions are generally sold in international rates and from private bullion dealers such as Muthoot, Pushpak and Pentagon, etc. However, it is gold jewelry that people in Kerala that make gold is very profitable business in the state. Kerala is also said to have the largest number of gold jewelers in India.

Beside Kochi bening the gold capital of India, Thrissur in Kerala is said to be one of the hubs of jewellery manufacturing in Southern India accounting for for 3000 large and medium sized manufacturers. ‘Kundan’ and ‘Filigree’ are the types of jewelry sold here in maximum. Some of the well known jewelers include Joyalukkas, Tribhovandas bhimji Zaveri,Tanishq, Malabar Gold and Fashion Gold Mahal.

Market trade: Trade in gold is possible through spot contracts, futures contracts and exchange-traded funds (ETF). Kozhikode and Kannur are well known destinations for gold traders. The gold ETFs are traded on the Mumbai stock exchange (BSE), apart from other international exchanges. These aim to track the price of gold. Know About Gold Schemes by Jewellers & Banks : Click Here Also Check Gold Prices in the Cities of Kerala Want to know how gold performed in 2016? :Click Here Read More On Gold Buying Gold This Akshaya Tritiya Akshaya Tritiya is an auspicious day in our country, with Hindus and Jains across different denominations celebrating it with fervour.

Auspicious Days to Buy Gold in 2017 Given here is a List of the Dates in 2017 that will be the Best Times to Buy Gold Products Significance of Gold in Indian Culture There are many reasons why gold is such a valuable and coveted commodity in India. Buying and owning gold has practically become an Indian tradition. Find out why the precious metal is so revered in Indian culture and why Indians crave it.

Significance of Indian Jewellery Gold jewellery has long been a cornerstone of Indian culture and tradition and is extremely popular all over the world. Find out why Indian jewellery plays such a significant role in in the shaping of Indian heritage and culture. India’s Love for Gold India’s love affair with gold has been well documented throughout history. Gold has become a huge part of Indian culture over time.

Now learn more about India’s love for the precious yellow metal that has practically become an obsession. Credit Score of 750 = Easy approval on Loans/Credit Card! Check now in less than 3 min!Check for FREE For more related news /update on gold price visit: Gold News

Hazel Gordon

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