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Are you someone who is quite crazy about buying gold? If you are waiting for a price drop to grab the yellow metal, you have arrived at the perfect place.
In this blog, we cover the latest gold prices in Kerala, that too on a daily basis. The best part is that we update these prices for both 22 and 24 Karat. Here you go.
Gold Rate in Kerala
| DATE | 24K Gold / 10gm | 22K Gold / 10gm |
| 23rd April 2026 | ₹1,55,290 | 1,42,349.17 |
Other Top Cities in India
|
CITY |
24K Gold / 10gm | 22K Gold / 10gm |
|
CHENNAI |
₹1,56,000 |
1,43,000 |
| HYDERABAD | ₹1,55,290 |
1,42,349.17 |
Introduction
1: What is a stock?
Gold is not just a metal in India. On the other hand, it is a symbol of prosperity, a must for weddings, and a trusted form of investment for millions of households. Irrespective of whether you are buying a small gold coin or heavy bridal jewellery, you might have noticed that the price of gold changes almost every day.
Have you ever wondered why the price you see today is different from what it was last week? The gist of all those factors affecting gold price in India is listed below.
Gold prices in India are influenced by a mix of international market trends and domestic demand.
Key Insights
- The strength of the US Dollar and global central bank policies play a massive role.
- In India, import duties and seasonal festivities (like Diwali) cause significant price fluctuations.
- Inflation acts as a primary driver, as gold is viewed as a “safe haven” for savings.
1. Global Market Changes
India does not have many gold mines, so we buy almost all our gold from other countries. Due to this reason, if the price of gold goes up in cities such as London or New York, it automatically goes up in India too.
Also, incidents like wars in other countries or global financial problems make people nervous and they buy gold for safety. Ultimately, this leads to price rise everywhere.
2. The Value of the Indian Rupee
Gold is bought internationally using US Dollars. To buy gold, India has to trade its Rupees for Dollars. Hence, whenever the Indian Rupee becomes weak, we have to pay more Rupees to get the same amount of gold.
This is one of the most important factors affecting gold price in India. Even if the price of gold stays the same globally, a weak Rupee makes gold more expensive for us.
3. Import Duty and Taxes
Since gold comes from abroad, the Indian government charges a “tax” to bring it into the country. This is called Import Duty. If the government increases this duty, the price of gold in your local shop goes up immediately.
In addition to that, there is a 3% GST i.e. Goods and Services Tax that you pay when you buy jewellery. These taxes are major factors affecting gold prices in India.
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Know more4. Interest Rates
During times when banks offer high interest rates on fixed deposits or savings accounts, people prefer to keep their money in the bank. The simple reason is that they can earn high interest.
As gold does not pay monthly interest, people sell their gold and invest that money in the bank. As a result, it brings the gold price down. When bank interest rates are low, people find gold more attractive, and the price goes up.
5. Festivals and Weddings
India buys more gold than almost any other country and during the wedding season or major festivals like Diwali and Akshaya Tritiya, millions of people buy gold at the same time.
When the demand is so high, the shops often charge more. This “seasonal rush” is a unique part of the factors affecting gold price in India.
6. Protection Against Price Rise (Inflation)
When the price of milk, petrol, and clothes goes up, we term it as ‘inflation’. During those times, the value of paper money goes down. That’s where gold comes into the picture as gold usually keeps its value over many years.
Thus, whenever people feel that everything else is getting too expensive, they buy gold so that their savings could be protected.
7. The Role of the Reserve Bank Of India
The Reserve Bank of India keeps a huge store of gold. Sometimes, the RBI buys more gold to keep the country’s wealth safe. When a big bank like the RBI buys large amounts of gold, it leaves less gold for others. This causes the gold price to increase.
Conclusion
Gold prices are like a seesaw as they move based on what is happening in the world and what is happening right here in India. Though we cannot control global wars or the US Dollar, we can watch for the factors affecting gold price in India to be smarter buyers.
By keeping an eye on taxes, the Rupee’s strength, and the festival seasons, you can get a better idea of when to visit the jeweller.
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Know moreFrequently Asked Questions
Why is gold price different in different cities?
Local jewelry associations and transportation costs can cause small price differences between cities like Mumbai and Delhi.
Is gold a good long-term investment?
Yes, gold has historically protected people’s wealth during times when the economy is struggling.
How does the US Dollar affect me?
If the US Dollar gets stronger, gold usually gets cheaper globally, but a weak Rupee can cancel that out for Indians.
Does a good monsoon help gold prices?
Yes. When farmers have a good harvest, they have more money to spend, and they often buy gold, increasing demand.
What is the GST on gold?
Currently, you pay 3% GST on the value of the gold and the making charges.
Why do prices go up during Diwali?
So many people buy gold during Diwali that the high demand naturally pushes the prices higher.
Can the government lower gold prices?
If the government reduces the import duty (tax), the price of gold in India usually drops.
