The demand for gold in Kerala remains consistently strong, driven by cultural traditions, auspicious ceremonies, and a deep-rooted belief in gold as a secure investment, reflecting the state’s enduring affinity for this precious metal. Despite economic fluctuations, Kerala’s appetite for gold remains steadfast, fueled by its cultural significance in weddings, festivals, and religious rituals.
On Thursday, September 28, the price of gold experienced its third consecutive decline in the state, dropping by Rs 480 per sovereign (pavan). This brought the market rate for one sovereign (pavan) of gold to Rs 43,120, marking the first time it has reached this level since March 17, with a total decrease of Rs 840 over the past three days.
For one gram of 22-carat gold, the market price is Rs 5,390, while one gram of 18-carat gold is priced at Rs 4,458. Additionally, the price of standard silver decreased by Rs 1, settling at Rs 77 per gram, whereas hallmark silver is currently priced at Rs 103 per gram.
Here’s a summary of gold prices in September:
- September 1: Gold prices decreased by Rs 80 per sovereign; Market price – Rs 44,040
- September 2: Gold prices increased by Rs 120 per sovereign; Market price – Rs 44,160
- September 3: Gold prices remained unchanged; Market price – Rs 44,160
- September 4: Market price increased by Rs 80 per sovereign; Market price – Rs 44,240
- September 5: Market price decreased by Rs 120 per sovereign; Market price – Rs 44,120
- September 6: Market price decreased by Rs 120 per sovereign; Market price – Rs 44,000
- September 7: Price per sovereign gold decreased by Rs 80; Market price – Rs 43,920
- September 8: Market price rose by Rs 80 per sovereign to Rs 44,000
- September 9: Market price decreased by Rs 120 per sovereign to Rs 43,880
- September 10: Gold price remained unchanged; Market price – Rs 43,880
- September 11: Gold prices remained unchanged; Market price – Rs 43,880
- September 12: Gold prices remained unchanged; Market price – Rs 43,880
- September 13: Price of one sovereign of gold decreased by Rs 280; Market price – Rs 43,600
- September 14: Gold price remained unchanged; Market price – Rs 43,600
- September 15: One sovereign of gold rose by Rs 160; Market price – Rs 43,760
- September 16: A sovereign of gold rose by Rs 160; Market price – Rs 43,920
- September 17: Gold prices remained unchanged; Market price – Rs 43,920
- September 18: A sovereign of gold rose by Rs 120; Market price – Rs 44,040
- September 19: One sovereign of gold rose by Rs 120; Market price – Rs 44,160
- September 20: Gold prices remained unchanged; Market price – Rs 44,160
- September 21: A sovereign of gold fell by Rs 120; Market price – Rs 44,040
- September 22: A sovereign of gold fell by Rs 160; Market price – Rs 43,880
- September 23: A sovereign of gold rose by Rs 80; Market price – Rs 43,960
- September 24: Gold prices remained unchanged; Market price – Rs 43,960
- September 25: Gold prices remained unchanged; Market price – Rs 43,960
- September 26: A sovereign of gold fell by Rs 160; Market price – Rs 43,800
- September 27: One sovereign of gold fell by Rs 200; Market price – Rs 43,600
- September 28: One pavan of gold fell by Rs 480; Market price – Rs 43,120