Thiruvananthapuram: Gold prices in Kerala witnessed a notable decline today, offering a sigh of relief to consumers after Saturday’s sharp rise. The price of 22-carat gold has dropped by ₹520 per pavan, bringing the rate down to ₹91,760 per pavan.
However, customers purchasing jewellery will still pay close to ₹1 lakh per pavan, once the 5% minimum making charge, 3% GST, and hallmarking fees are added.
The fall in prices comes as global gold markets remain under pressure, driven by fading expectations of an imminent interest rate cut by the US Federal Reserve. Minutes from the Fed’s October meeting—released last Thursday—revealed that policymakers remain cautious about further rate cuts. Gold prices in Kerala are set by the All Kerala Gold and Silver Merchants Association, which follows global trends influenced by international pricing, import duty, exchange rate changes, and taxes.
Today’s Gold & Silver Rates (Kerala)
- 22-carat gold (1 gram): ₹11,470
- 18-carat gold (1 gram): ₹9,435
- 14-carat gold (1 gram): ₹7,350
- 9-carat gold (1 gram): ₹4,740
- Silver (1 gram): ₹163
