Gold Rate Today in Kerala – 7 Nov 2026, 7 AM IST

The figures in the live table are bullion reference rates for Kerala, quoted per gram across 24 karat gold at 99.9 percent purity, 22 karat at 91.6 percent, 18 karat at 75 percent and 14 karat at 58.5 percent, refreshed every business day against MCX and IBJA benchmarks.

Kerala carries one of the deepest gold cultures of any Indian state, and Thrissur specifically is widely known as India's gold capital, home to the highest concentration of jewellery businesses in the country and the corporate headquarters of some of India's largest organised jewellery chains. Kerala's per capita gold consumption is among the highest in India, driven by strong cultural weight given to gold in weddings, deep participation in gold-backed savings schemes, and a large expatriate Gulf workforce whose remittances have historically flowed significantly into gold. This page covers today's rate, how it is set, city-wise rates across the state, purity and hallmark verification, making charges with a worked bill example, where to buy and sell, the buying calendar, taxation and a detailed FAQ.

The weight table converts today's per gram rate into the denominations Kerala buyers transact in, from a single gram through 10 grams, 50 grams, 100 grams and a kilogram, at each of the four common purities.

Units used across Kerala

Kerala's defining unit is the pavan or sovereign, equal to 8 grams, the standard denomination the state's jewellery trade quotes and transacts in, alongside the gram and 10 gram used in modern retail. A buyer discussing a price per pavan is discussing 8 grams, not the 10 gram tola used in North India, so always confirm the unit.

International markets quote the troy ounce, at 31.1035 grams, converted into rupee and gram terms before it reaches Kerala's retail market.

The one kilogram bar is the standard wholesale trading unit, especially relevant to Thrissur's large bullion dealers who supply jewellers across the state.

A single day's rate tells you very little. The last ten sessions tell you whether today's print sits at the top of a run, at the bottom of a pullback, or in the middle of a flat stretch.

Read three things from the ten day table. The net movement from the earliest session to today. The high and the low, which give the trading range. And whether daily changes are small and steady or large and alternating.

For a wedding purchase this matters less than it appears, since the date is fixed well in advance. For a coin or bar purchase, or a gold-backed savings scheme instalment with no fixed deadline, the ten day range is the cheapest timing information available.

The trend table sets today's Kerala rate against its opening and closing values over seven days, 30 days, three months, six months, the year to date and 12 months.

What each window tells you

The seven and 30 day windows capture sentiment: short term positioning, fund flows and reaction to news. The three and six month windows capture the macro cycle, principally the direction of real interest rates and the strength of the dollar. The 12 month and year to date windows capture the structural story, chiefly sustained central bank accumulation alongside steady retail demand across Asia.

Longer windows are more reliable and less actionable. A 12 month gain confirms the asset did its job in a portfolio. It says nothing useful about next week's rate.

Given Kerala's exceptionally high household gold ownership, movements in this trend line are watched more closely by ordinary households here than in almost any other Indian state.

The rate follows the same five step national chain as every state, with local pricing set through Thrissur and Kochi.

Step one: the international benchmark

Gold trades continuously in US dollars per troy ounce, anchored by the London Bullion Market Association price and COMEX futures.

Step two: the rupee conversion

The dollar price converts at the prevailing USD to INR rate.

Step three: duty and levies

Basic customs duty and the Agriculture Infrastructure and Development Cess apply to landed value nationally.

Step four: the domestic benchmark

MCX and the India Bullion and Jewellers Association, headquartered in Mumbai, produce the reference figures the national trade prices from. Kerala's jewellers, concentrated heavily around Thrissur, price directly against that benchmark, and their published rate is a genuinely influential reference point across South India.

Step five: why the state's rate sits where it does

Kerala is not a bullion import point, so its base rate typically runs a modest margin above Mumbai's. Within the state, the spread between Thrissur, Kochi and Kozhikode is narrow, since all price off the same effective benchmark and compete intensely for the same gold-conscious customer base.

Seven forces account for almost all daily movement. The first four are global, the last three domestic.

Real interest rates. Gold pays no income, so it competes with interest bearing assets. When inflation adjusted yields fall, gold tends to rise.

The US dollar. Gold is priced in dollars, so a stronger dollar generally pushes the international price down and a weaker dollar lifts it.

Central bank demand. Reserve buying has been large and persistent in recent years.

Geopolitical and financial stress. Conflict, banking stress and sovereign risk push capital toward assets with no counterparty.

The rupee. A weaker rupee raises the Kerala rate independent of any move in international gold, and given the state's large Gulf-remittance economy, currency movements draw particular attention here.

Seasonal demand. Vishu, the Malayalam new year, Onam, Akshaya Tritiya and the wedding season concentrate retail buying, and Kerala's organised jewellers run some of India's most aggressive festive promotions given the intensity of local competition.

Policy. Import duty revisions and GST decisions produce one off steps in the retail price, and given Kerala's high per capita gold consumption, these changes are felt particularly acutely here.

Every major market in Kerala prices closely off the Thrissur benchmark, so the differences between cities are small and come from local jeweller premiums rather than the underlying rate.

• Gold rate in Thrissur | widely known as India's gold capital, home to the country's highest concentration of jewellery businesses
• Gold rate in Kochi | the state's commercial capital and a major organised retail hub
• Gold rate in Kozhikode | North Kerala's principal commercial and jewellery trading centre
• Gold rate in Thiruvananthapuram | the state capital, with an established local jewellery trade

Rates for Kollam, Kannur, Malappuram and the rest of the state track the same benchmark. If a quote in any Kerala city differs by more than a small handling margin, that difference is the jeweller's own premium, and it is negotiable.

916 is another way of writing 22 karat. It refers to 91.6 percent pure gold, with the remaining 8.4 percent made up of alloy metals that give the piece strength. On 18 karat the equivalent grade is 750, and on 14 karat it is 585.

916 carries the great majority of jewellery sold across Kerala, from Thrissur's dense concentration of jewellers to Kochi and Kozhikode's showrooms. The number is not marketing language. It is the purity grade stamped by a BIS recognised assaying and hallmarking centre, and it appears alongside the BIS logo and a six character HUID.

When you check the 916 gold rate in Kerala today, you are looking at this exact purity, not the 999 rate used for coins and bars. When you resell or exchange, the 916 grade determines the gold value you are credited.

The rate on this page is the metal price. What you pay at the counter adds two things: making charges, and GST at 3 percent on the total of metal plus making.

What making charges run in Kerala

• Plain chains and machine-made pieces | roughly 6 to 10 percent, among the most competitive in India given Thrissur's jeweller density
• Handcrafted traditional and bridal work | roughly 12 to 18 percent
• Branded showroom pieces | published, largely fixed making charges, still competitive by national standards

A worked example

Take a 1 pavan, 8 gram, 22 karat piece with 8 percent making. Metal value is 8 grams at today's 916 rate. Add 8 percent of that as making charges. Add 3 percent GST on the subtotal. The final bill is roughly 11.2 percent above the pure metal value.

Kerala's intense jeweller competition, especially in Thrissur, makes comparing making charges across shops genuinely worthwhile. Always ask for the making charge as a percentage in writing.

Every piece of gold jewellery sold in the notified districts of Kerala must carry three marks. Check all three before you pay.

• The BIS logo | the triangular Bureau of Indian Standards mark
• The purity grade | 916 for 22 karat, 750 for 18 karat, 585 for 14 karat
• The HUID | a six character alphanumeric code unique to the piece

Verify the HUID in the BIS Care app: enter the code and the app returns the registered purity, the article type and the hallmarking centre. If the details do not match the piece in your hand, walk away. Kerala has one of India's densest networks of BIS recognised assaying and hallmarking centres, so there is no reason to accept an unhallmarked piece anywhere in the state.

Insist on the HUID printed on the invoice as well. It ties the bill to the piece, which matters for insurance, resale and any future dispute.

No discussion of gold in Kerala is complete without Thrissur, widely and accurately called India's gold capital, a title earned through genuine scale rather than marketing.

The highest concentration of jewellery businesses in India

Thrissur is home to the highest concentration of jewellery businesses anywhere in the country, and it is the corporate headquarters of some of India's largest organised jewellery retail chains, brands that have since expanded across the country and internationally while keeping their roots and much of their leadership rooted in Thrissur.

Why gold matters so much in Kerala

Kerala's per capita gold consumption is among the highest in India, shaped by strong cultural weight given to gold in weddings, widespread participation in gold-backed savings schemes offered by local jewellers, and decades of remittances from a large expatriate workforce in the Gulf, historically a significant channel through which gold has entered Kerala households.

What this means for a buyer

The sheer density and competition among Thrissur's jewellers tends to produce genuinely competitive making charges and frequent festive promotional schemes, making it worth comparing offers carefully even between neighbouring shops.

Kerala offers arguably the deepest, most competitive jewellery trade of any Indian state.

The traditional markets

• Thrissur | India's gold capital, home to the country's highest concentration of jewellery businesses and several major brand headquarters
• Kochi | the state's commercial capital, with a major organised retail cluster
• Kozhikode | North Kerala's principal jewellery trading centre

What to check wherever you buy

• BIS hallmark with HUID on every piece
• The day's rate displayed and the making charge quoted as a percentage in writing
• A proper GST invoice carrying weight, purity, rate, making and HUID
• The buyback and exchange policy in writing before the sale, not after

Certified online retail adds transparent per-piece pricing, certification and doorstep insurance-backed delivery, and for lab grown diamond jewellery set in hallmarked gold it is often the most price-efficient route across the state.

You have three honest routes and one to avoid.

Exchange at a jeweller. The most common route for upgrading old jewellery. Hallmarked pieces are credited at the day's rate for their stamped purity; unhallmarked pieces are assayed first, and that deduction is where the negotiation happens.

Sale to the jeweller who sold it. If the piece carries the original invoice and HUID, most established Thrissur and Kochi jewellers publish a buyback policy.

Gold loans. Widely offered and heavily used in Kerala, letting you access funds against jewellery without selling it, reflecting the state's exceptionally high household gold ownership.

Avoid unlicensed street buyers, whatever rate they promise. Weighing and purity testing you cannot observe is where sellers lose money.

Gold buying in Kerala follows the Malayalam festive calendar, layered with the national buying peaks and some of India's most competitive promotional retail.

• Vishu | the Malayalam new year, a traditional gold buying and gifting occasion
• Onam | Kerala's major harvest festival, another significant gold buying occasion
• Akshaya Tritiya, Dhanteras and Diwali | the national gold buying peaks, strongly observed statewide
• Wedding season | year round in Kerala, though concentrated in certain months, when bridal sets dominate purchases

Two practical notes. Festive days concentrate demand, and Thrissur's intense jeweller competition means promotional schemes and discounts are genuinely worth comparing across shops during these periods. And for a wedding purchase, buying the metal in instalments across the preceding months, often through a jeweller's own savings scheme, converts an impossible timing decision into a simple averaging plan.

Taxes on gold are set nationally, so nothing here is specific to Kerala, but three layers matter to every buyer.

At purchase. GST at 3 percent applies on the value of the metal plus making charges. On imported metal, customs duty and cess are already inside the quoted rate before GST is added.

At sale. Profit on physical gold held over the qualifying period is taxed as long term capital gains; shorter holdings are taxed at your slab rate. The invoice from your original purchase establishes the cost basis, which is one more reason to keep it.

Large cash purchases. PAN is mandatory above the prescribed transaction threshold, and jewellers report high value cash transactions. Paying digitally with a proper invoice is both cleaner and safer.

None of this is tax advice; thresholds and rates change with the Finance Act. For a large transaction, confirm the current rules with a chartered accountant before you buy or sell.

Gold is a store of value with no counterparty, which is why Indian households hold more of it than any other population on earth, and Kerala's households more than most. That does not make it riskless. The rupee price swings, sometimes sharply, and long flat stretches have followed every major rally.

What gold does reliably is diversify. It tends to hold or gain value precisely when financial assets are under stress, which is the moment diversification is worth having. Most advisers land somewhere between 5 and 15 percent of a portfolio in gold, held for years rather than traded, a discipline worth applying even in a state where gold ownership runs unusually high by default.

The form matters as much as the timing. Coins and bars carry minimal making cost and recover the most value on exit. Jewellery carries making charges you do not recover, so it is part ornament and part investment. Jeweller gold savings schemes, widespread in Kerala, offer a disciplined way to accumulate gold over time, though it is worth understanding the scheme's terms, particularly around redemption in cash versus jewellery, before enrolling.

For most Kerala households the practical answer is a mix: ornament gold bought for weddings and Onam and Vishu occasions, and simple, easily verified investment gold, coins or small bars, bought as savings.

Kerala consistently ranks among India's highest states for literacy and human development indicators, a legacy of decades of public investment in education and healthcare.

This educated, informed consumer base makes Kerala's gold buyers genuinely price and purity conscious, reflected in the state's dense network of established, reputation driven jewellery chains.

Roughly a tenth of Kerala's population works abroad, the large majority in Gulf countries including the UAE, Saudi Arabia, Kuwait, Qatar and Oman, and the state receives close to a fifth of all NRI remittances flowing into India.

This steady inflow of Gulf remittance income has historically been a genuine driver of gold demand in Kerala, with families channelling savings into gold for weddings, gifting and as a store of value alongside property.

Onam, Kerala's grandest annual harvest festival celebrated across the state regardless of religion, is a genuinely significant occasion for gold purchases, alongside new clothes, feasts and family gatherings.

Jewellers across Kerala typically see a meaningful uplift in gold sales during the Onam season, distinct from the mainstream national festive peak around Dhanteras and Diwali.

Kochi, Kerala's largest city and commercial capital, serves as a major gold trading hub alongside Thrissur, drawing on the city's port history, IT and business services growth, and its concentration of returning Gulf expatriate families.

The city's jewellery retail scene spans large branded showrooms and long established family jewellers, reflecting Kochi's role as Kerala's primary commercial gateway.

Kerala's Malabar coast has been a global spice trading centre for over two thousand years, drawing traders from Rome, Arabia, China and later Europe, a heritage that gave the region its early cosmopolitan, trade oriented culture.

This long trading history, combined with the more recent Gulf migration wave, has left Kerala with a genuinely deep-rooted commercial culture that extends naturally into its organised gold jewellery trade.

Wedding season demand for gold jewellery peaks across Kerala alongside the broader national wedding calendar, with Malayali bridal customs traditionally pairing heavily on gold, sometimes at a scale reflecting Gulf remittance savings built up specifically for the occasion.

Jewellers typically stock their widest bridal gold range in the weeks leading into this window, alongside their Onam and Dhanteras preparations earlier in the year.

Akshaya Tritiya, considered universally auspicious for buying gold, adds a further peak to Kerala's calendar, with coin and small ornament sales rising in the days surrounding it.

Together with Onam, Dhanteras and wedding season, Akshaya Tritiya gives Kerala's gold retailers multiple annual peaks to plan stock and staffing around.

Gold in India traded around 26,000 to 29,000 rupees per 10 grams in 2015 and 2016 for 24 karat purity, crossed 50,000 rupees per 10 grams in 2020, and reached around 62,000 to 65,000 rupees per 10 grams by 2023.

Gold's rise accelerated through 2024 and 2025, crossing 1,00,000 rupees per 10 grams during 2025. Kerala's rates, priced off the national IBJA benchmark, have tracked this national curve throughout.

Gold demand is driven overwhelmingly by investment and central bank reserves rather than industrial use. Central banks worldwide, including the Reserve Bank of India, have been consistent net buyers in recent years.

India remains one of the world's largest gold consumers and imports the large majority of its requirement, making national import duty and policy a genuine influence on domestic prices, including in Kerala.

Gold is generally less volatile than silver day to day, since it lacks silver's industrial demand component. Both metals have delivered strong returns over the last decade.

Equity markets have historically delivered higher long run returns than precious metals, but with far more volatility. Debt instruments give predictable, lower returns with minimal price risk.

In Kerala, gold's role in a household's savings is usually a stable holding tied to weddings and gifting, backed by the state's substantial Gulf remittance income base.

Physical gold from a Kerala jeweller gives you something to hold, gift or wear, but attracts 3 percent GST, requires safe storage, and jewellery carries making charges not recovered on resale.

Gold ETFs let you hold gold electronically without storage or GST, through a regular demat account. The Sovereign Gold Bond scheme was discontinued for new issuance.

Both physical gold and gold ETFs are taxed the same way, at 12.5 percent on long term capital gains without indexation for holdings over 12 months.

India imports the large majority of the gold it consumes, cleared through customs before reaching refiners and jewellers, including the volumes distributed into Kerala's cities.

Gold has almost no industrial demand nationally, and Kerala's own economy, driven more by remittances, trade and services than manufacturing, reflects this: the state's gold trade is driven entirely by retail jewellery, investment and the festive calendar rather than any industrial use.

• 24 karat gold: 99.9 percent pure, used for coins and bars
• 22 karat or 916 gold: 91.6 percent pure, the traditional Indian jewellery standard
• Ponnu: the Malayalam word for gold, commonly used in local searches; velli means silver
• Making charges: the fee a jeweller adds for crafting a piece
• HUID: the unique six digit hallmark identification number
• IBJA: the India Bullion and Jewellers Association, source of the national reference rate

As gold prices have climbed, a meaningful share of buyers here has shifted toward lighter weight pieces and more diamond or stone work relative to pure gold weight, following the same national pattern seen across India.

Kerala's strong remittance income base means this shift shows up as design adjustment rather than buyers skipping wedding and festive purchases altogether.

Gold retail in Kerala is shaped decisively by Gulf remittance income, with families channelling a genuine share of overseas earnings into gold as both a cultural and financial holding.

This combination, centred around Thrissur's title as India's gold capital and Kochi's commercial scale, gives Kerala's gold market one of the highest per capita consumption rates in the country.

Gold and property serve fundamentally different purposes. Property in Kerala, particularly land, has historically absorbed a large share of Gulf remittance savings and requires a large upfront commitment while remaining illiquid. Gold can be bought and sold in small increments and converted to cash within minutes.

Most households in Kerala do not choose between the two. Property tends to serve as a long term family asset, while gold serves as a portable, liquid store of wealth for weddings and emergencies alike.

If you are in Kerala and considering a gold or lab grown diamond jewellery purchase, Lucira offers hallmarked gold and certified lab grown diamond pieces with transparent, itemised pricing and doorstep delivery, so you can compare designs and pricing without needing to visit multiple local shops in person.

Every Lucira piece is priced against the live daily rate shown on this page, with making charges and certification costs shown separately.

A proper invoice from a Kerala jeweller should show the net gold weight in grams, the karat purity, the rate applied per gram that day, the making charge, and GST at 3 percent applied on the metal plus making charge combined.

If a piece carries stones, the invoice should state the net gold weight separately from the gross weight. A hallmarked piece should also show the HUID number, verifiable through the BIS CARE app.

• A quoted rate below the day's published benchmark, which usually means lower purity than claimed
• Gross weight billed as if it were net gold weight on stone set pieces
• Making charges quoted verbally but not itemised on the final bill

Always confirm the current BIS hallmark and HUID independently through the BIS CARE app rather than taking a seller's word for it.

Gold does not tarnish, but secure storage still matters given its value density. A bank locker in your city remains the most secure option for larger holdings.

A home safe is a reasonable middle ground for smaller quantities. Keep your original purchase invoice with your stored gold, since it establishes purity, weight and cost basis if you need to sell or claim insurance later.

Many jewellers across Kerala offer monthly instalment schemes where you deposit a fixed amount each month for around 11 months, with a bonus instalment added at the end, popular with families budgeting Gulf remittance income toward a future gold purchase.

Before joining one, confirm in writing whether redemption is locked at deposit day rates or redemption day rates, and check whether the bonus is forfeited if you exit early.

Under rules applicable for financial year 2025 to 2026, profit on physical gold or gold ETFs held for more than 12 months is taxed as long term capital gains at 12.5 percent without indexation. Holdings sold within 12 months are taxed at your income tax slab rate.

Your gain is calculated as the sale price minus your original purchase cost, including making charges, which is why keeping your original invoice matters. Confirm current rules with a chartered accountant before a large sale.

There is no legal ceiling on gold ownership in India. CBDT safe harbour limits allow a married woman up to 500 grams, an unmarried woman up to 250 grams, and a man up to 100 grams without seizure during a tax search, even without documentation.

Cash payments for a single gold purchase above the prescribed threshold require your PAN card, and payments above two lakh rupees in cash for a single transaction are not permitted regardless of PAN.

For cash purchases above the prescribed threshold, you must furnish your PAN card. Always insist on a GST compliant invoice listing weight, purity, rate and making charge.

Payments above two lakh rupees in cash for a single transaction are not permitted regardless of PAN.

Gold jewellery typically attracts a melting or deduction charge at resale, so ask any Kerala jeweller for their exact deduction policy in advance.

This deduction lowers the effective return on jewellery compared with reselling 24 karat coins or bars, which typically carry little to no deduction.

Several apps offer digital gold purchases that track the live rate without requiring physical storage, available in Kerala the same as anywhere else in India.

Digital gold typically carries a small spread between buy and sell prices, and is best suited to buyers who want gold price exposure without visiting a jeweller.

• Jewellery from a Kerala jeweller: wearable and giftable, but making charges reduce resale value
• 24 karat coins and bars: lowest making cost, best for pure savings
• Gold ETFs: no storage or GST, held in a demat account

Most households here use a mix, wedding and festive jewellery for cultural occasions, and coins, bars or ETFs for pure savings.