Apr 14
0
Gold Rate In Kerala
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.
Trend of Gold Rate in Kerala for April 2018 (rates per gram for 24 karat gold)
April 2018- Week 1 (1st-7th)
- Gold price in Kerala rose steadily during the week in Kerala, with the yellow metal opening at Rs.2,966 per gram on steady local demand.
- Gold rate in Kerala jumped to Rs.2,987 per gram on 3 April as investor confidence in markets fell sharply over renewed fears of a global trade war.
- The rest of the week saw prices remain the same as local demand was high due to favorable market conditions.
- In spite of global fluctuations in demand and price, gold demand in Kerala withstood outside pressures.
- The precious metal traded at Rs.32,987 per gram on 7 April.
Trend of Gold Rate in Kerala for March 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold Rate on 1st March 2018 | Rs.2,956 per gram |
| Gold Rate on 31st March 2018 | Rs.2,966 per gram |
| Highest Rate in March | Rs.3,008 per gram on 28 March |
| Lowest Rate in March | Rs.2,945 per gram from 16 to 19 March |
| Overall Monthly Performance | Incline |
| Percentage Change | 0.33% |
March 2018 – Week 1 (1 – 5):
- The week began with gold rate in Kerala trading at Rs.2,956 per gram on 1 March as demand was steady thanks to local demand being relatively high.
- The shift in the markets after the announcement of the imposition of tariffs on aluminium and steel by the United States led to an increase in demand for gold, which pushed prices to Rs.2,966 per gram on 3 March.
- Local demand appeared unruffled by the significant changes in market performance as well as demand for gold seen internationally, which resulted in minor changes in the gold price in Kerala.
- Prices remained consistent for the remainder of the week, with gold prices closing the week priced at Rs.2,966 per gram on 5 March.
March 2018 – Week 2 (5-11):
- In Kerala, gold was priced at Rs.2,966 per gram as the second week of March began on the 5th.
- Rates continued at Rs.2,966 per gram on the 6th before rising to Rs.2,982 per gram on the next day. A weak dollar and a weak stock market was the main reason behind this.
- However, demand slowed down after the sudden rise the previous day and gold prices dropped to Rs.2,972 per gram.
- The 9th again saw gold prices drop to Rs.2,961 per gram as demand took a hit owing to a cautious investor base.
- When trading began for the 10th, gold rates rose to Rs.2,972 per gram and continued on at this rate till the closing hours of the week.
March 2018 – Week 3 (12 – 18):
- When trading commenced in Kerala, gold was recorded trading at Rs.2,972 per gram on the 12th amid steady domestic demand.
- However, with the US dollar rising amid speculations over a possible Fed rate hike by the US central bank next week, the gold rate in Kerala dropped to Rs.2,956 per gram on the 13th.
- The 14th witnessed gold prices surging to Rs.2,966 per gram with the US greenback losing against a basket of other emerging currencies following the dismissal of the US Secretary of State by President Trump.
- Though rates remained unchanged at Rs.2,966 per gram on the 15th amid the firm trends overseas, gold rates plunged to Rs.2,945 per gram on the 16th with markets bracing for an interest rate hike next week.
- Thanks to steady demand by local jewellers, retailers and industries amid the positive trends overseas, gold rates in Kerala remained untouched at Rs.2,945 per gram for the remainder of the week.
March 2018 – Week 4 (19 – 25):
- Gold prices in Kerala rose steadily over the course of the week, with the yellow metal opening the week at Rs.2,945 per gram on 19 March.
- Prices rose marginally to trade at Rs.2,956 per gram on 20 March on rising demand from jewellers.
- A dip in the U.S. dollar rate ahead of the Fed’s announcement on monetary policy also spurred greater interest in bullion.
- Industrial demand rose locally as well as from Asian nations, which helped gold rate in Kerala to rise to Rs.2,987 per gram on 23 March.
- As the week drew to a close, gold prices in Kerala had continued to rise, with the metal trading at Rs.2,998 per gram on 25 March as steady demand from local jewellers as well as industry boosted sales.
March 2018 – Week 5 (26 – 31):
- Trading began in Kerala with gold rates holding firm at Rs.2,998 per gram on the 26th with steady domestic demand amid strong global cues.
- Gold rates in Kerala remained untouched at Rs.2,998 per gram the next day which surged to Rs.3,008 per gram on the 28th with an increase in global safe-haven demand for the metal after the US-Russian diplomatic relations deteriorated.
- However, the US dollar index rose against a basket of other emerging currencies, thus, pushing demand lower for the bullion.
- Gold price in Kerala dropped to Rs.2,966 per gram on the 29th with a decline in demand amid the poor global cues.
- The rest of the week saw the precious metal prices holding at Rs.2,966 per gram with steady but subdued demand from local jewellers, industries and retailers amid the weak trends overseas.
Trend of Gold Rate in Kerala for February 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold rate on 1st February 2018 | Rs.2,961 per gram |
| Gold rate on 28th February 2018 | Rs.2,956 per gram |
| Highest Rate in February | Rs.2,993 per gram on 19 February |
| Lowest Rate in February | Rs.2,919 per gram from 8 to 12 February |
| Overall Monthly Performance | Decline |
| Percentage Change | -0.16% |
February 2018 – Week 1 (1st – 4th)
- Gold trade in Kerala commenced with the precious metal trading at Rs.2,961 per gram on the 1st due to an increased domestic buying from jewellers and retailers despite the poor trend overseas.
- Demand for the metal continued to rise despite the strong US dollar rates as the week progressed. The bullion was priced at Rs.2,977 per gram on the 2nd.
- Though gold rate in Kerala remained unaltered at Rs.2,977 per gram on the 3rd, prices plunged to Rs.2,951 per gram on the 4th after investors and traders refrained from making purchases amid the strengthening US dollar and firmer equities.
February 2018 – Week 2 (5th -11th)
- Gold price in Kerala underwent considerable ups and downs this week due to uneven demand.
- On the 5th of February, the yellow metal priced at Rs.2,951 per gram. This continued on the 6th as well as demand from investors was steady.
- The 7th saw gold rate in Kerala rise to Rs.2,982 as local trading kept in tune with the national scenario.
- However, the 8th recorded a steep fall in prices as local trading was vastly affected by the rise in the US dollar. Gold traded at Rs.2,919 per gram – a Rs.61 fall in less than a day.
- With demand continuing to remain uncharacteristically low, gold continued to trade at Rs.2,919 per gram for the next three days of this week.
February 2018 – Week 3 (12th – 18th)
- When trading began in Kerala, the precious metal was priced at Rs.2,919 per gram on the 12th.
- With investors eyeing on the inflation data in the US later during the week, the US dollar lost against a basket of other emerging currencies. This led to gold prices rising to Rs.2,935 per gram on the 13th.
- The 14th saw gold rate in Kerala surging further to Rs.2,945 per gram with investors watching for clues on the intensity of interest rate hikes by the US.
- On the 15th, gold prices in Kerala rose to Rs.2,966 per gram owing to an increased domestic demand amid the strong global cues.
- Though rates remained unchanged at Rs.2,966 per gram on the 16th, the yellow metal prices surged to Rs.2,977 per gram on the 17th amid the firm trend overseas.
- Increased local buying by jewellers, retailers and industries amid the positive overseas trends led to gold rates in Kerala remaining unchanged at Rs.2,977 per gram until the end of the week.
February 2018 – Week 4 (19th – 25th)
- Gold prices in Kerala saw a decremental change towards the initial few days like other major cities and states in the country.
- On the 19th of February, when the week began, gold was priced at Rs.2,993 per gram. The rising US dollar concerned local investors, who reduced their investment in the metal.
- This led to gold rates dropping to Rs.2,982 per gram on the 20th of the month.
- Gold price in Kerala dropped again on the 21st to Rs.2,961 per gram as the market awaited the latest minutes from the Fed Reserve meeting.
- Gold rates continued at Rs.2,961 per gram on the 22nd as investors exercised caution. But, prices surged to Rs.2,972 per gram on the 23rd as demand from local jewellers rose.
- For the next two days, gold continued to trade at Rs.2,972 per gram as demand form the metal remained steady.
February 2018 – Week 5 (26th – 28th)
- In Kerala, the last week began with the yellow metal trading firm at Rs.2,972 per gram on the 26th with subdued but steady demand from the previous week.
- Gold rate in Kerala rose to Rs.2,982 per gram on the 27th with investors and markets eyeing on Fed Reserve Chairman Jerome Powell’s first congressional speech later during the week.
- The 28th, however, saw gold price in Kerala plummeting to Rs.2,956 per gram with demand for the meta declining amid the strengthening US dollar and equities.
- Poor global trends coupled with reduced domestic demand resulted in bullion rates dropping by 0.16% in Kerala.
Trend of Gold Rate in Kerala for January 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold Rate on 1st January 2018 | Rs.2,924 per gram |
| Gold Rate on 31st January 2018 | Rs.2,940 per gram |
| Highest Rate in January | Rs.2,984 per gram on 17 January |
| Lowest Rate in January | Rs.2,909 per gram on 4 January |
| Overall Monthly Performance | Incline |
| Percentage Change | 0.57% |
January 2018 – Week 1 (1st – 7th)
- Gold rates didn’t see too much of a change in Kerala during the first week of January.
- When the week began on the 1st, gold price in in Kerala was Rs.2,924 per gram. This fell to Rs.2,914 per gram on the 2nd as local demand took a hit.
- Positive global cues pushed gold rate in Kerala back up to Rs.2,924 per gram on the 3rd of the month.
- Due to a decline in demand, amid a rise in US dollar value, gold rates fell to Rs.2,909 per gram on 4th January.
- But, as the international market concluded that the latest US jobs data was below, gold prices surged back up to Rs.2,924 per gram on the 5th. “Today’s gold rate”, claimed reports “increased because gold was trading at the $1,310 per ounce range globally.
- As demand remained steady, gold continued at Rs.2,924 per gram for the remaining days of the week.
January 2018 – Week 2 (8th – 14th)
- When trading began for the second week in Kerala, gold prices were recorded at Rs.924 per gram on the 8th.
- Local demand remained unaffected despite the uneven global trends during the week. This led to gold rate in Kerala holding steady at Rs.2,924 per gram until the 10th.
- The 11th, however, witnessed prices rising to Rs.2,934 per gram due to an increase in demand amid the weakened US dollar.
- With the dollar losing against other apex currencies, the gold price in Kerala rose further to Rs.2,944 per gram on the 12th.
- Strong trends overseas coupled with increased domestic demand from local jewellers, industries and retailers led to gold rates in Kerala surging to Rs.2,964 per gram on the 13th.
- The week concluded with the yellow metal holding firm at Rs.2,964 per gram on the 14th.
January 2018 – Week 3 (15th – 21st)
- Gold price in Kerala witnessed some fluctuations owing to uneven demand from the local market.
- When the week began on the 15th, gold was priced at Rs.2,964 per gram. This increased to Rs.2,974 per gram the next day and then to Rs.2,984 per gram on the 17th of the month.
- However, a slowdown in the global market also brought the rising local demand to a halt.
- Gold rate in Kerala was at Rs.2,970 per gram from the 18th to the 20th of the month.
- The final day of the week saw a surge in gold prices as the US government shut down issue led to increased safe-haven purchases. The metal’s rates were recorded at Rs.2,980 per gram.
January 2018 – Week 4 (22nd – 28th)
- When trading for the week began in Kerala, gold was priced at Rs.2,924 per gram. Prices remained the same the next day as well as demand remained steady.
- The 24th saw gold price in Kerala rise to Rs.2,935 per gram as demand went up slightly and kept in check with the national trend.
- On the 25th gold price in Kerala rose significantly to Rs.2,961 per gram as the US dollar hit new lows.
- As demand slowed down, gold rate in Kerala dropped to Rs.2,956 per gram, which continued on till the end of the week.
January 2018 – Week 5 (29th – 31st)
- The last week commenced in Kerala with the precious metal priced at Rs.2,956 per gram on the 29th of January.
- With the US dollar regaining lost ground from the previous week’s losses, gold rate in Kerala plunged to Rs.2,940 per gram the following day.
- Trading concluded for the month with the bullion holding steady at Rs.2,940 per gram on the 31st owing to stable domestic demand for the metal.
- Kerala registered a profit of 0.57% in gold trade during the course of the month.
