What the data shows
The gold rate today in Kerala stands at ₹14,002 for 22K gold per 10 grams and ₹14,596 for 24K gold per 10 grams. This pricing reflects a notable decline in gold prices across India, which have dropped sharply by approximately 12% to 17% so far in March 2026. The recent downturn in gold prices is attributed to a combination of weak market sentiment and unfavorable macroeconomic factors.
As of now, the silver rate in Kerala is ₹2,300 for 10 grams, ₹23,000 for 100 grams, and ₹2,30,000 for 1 kg. These figures indicate a broader trend in precious metals, as silver also experienced a decline, with futures for May 2026 delivery dropping by ₹13,606, or 6%, to ₹2,13,166 per kilogram.
The decline in gold prices is not an isolated incident; it follows a series of losses in global bullion markets, which have seen a downward trajectory for four consecutive weeks. This trend has left many investors and consumers in Kerala and beyond concerned about the future of their investments in gold and silver.
Domestic rates in India have edged marginally lower, with 24K gold holding at approximately ₹1.45 lakh per 10 grams. This pricing is reflective of the overall market sentiment, which remains weak. Analysts suggest that the current economic climate, characterized by rising interest rates and inflationary pressures, is contributing to the decline in gold prices.
Moreover, gold futures for April 2026 delivery have also seen significant losses, dropping ₹7,115, or 5%, to ₹1,37,377 per 10 grams. This decline highlights the volatility in the gold market and the challenges facing investors looking to navigate these turbulent waters.
It is important to note that a 3% Goods and Services Tax (GST) is applicable on the value of gold purchases in India, which adds an additional layer of cost for consumers. As prices fluctuate, this tax can significantly impact the overall cost of acquiring gold, making it essential for buyers to stay informed about current rates.
Looking ahead, the future of gold prices remains uncertain as key macroeconomic factors continue to exert pressure on the market. Investors and consumers alike are left to ponder the implications of these trends on their purchasing decisions and investment strategies. Details remain unconfirmed regarding any potential recovery in gold prices, leaving many to speculate on what the coming weeks may hold.
