What the data shows
The gold rate today in Kerala is ₹14,002 for 22K gold per 10 grams and ₹14,596 for 24K gold per 10 grams. This pricing reflects a broader trend observed in the gold market, where prices have seen a notable decline recently.
In addition to gold, the silver rate in Kerala is currently ₹2,300 for 10 grams, ₹23,000 for 100 grams, and ₹2,30,000 for 1 kg. These figures indicate a significant drop in precious metal prices, which has been attributed to various macroeconomic factors.
Gold prices in India have experienced a sharp decline of approximately 12% to 17% so far in March 2026. This downturn is part of a larger trend, as gold prices remain near recent lows following a sharp weekly correction. The overall market sentiment continues to be weak, influenced by unfavorable economic conditions.
Specifically, gold futures for April 2026 delivery have dropped significantly, losing ₹7,115, or 5%, to ₹1,37,377 per 10 grams. Similarly, silver futures on the MCX for May 2026 delivery declined by ₹13,606, or 6%, to ₹2,13,166 per kilogram. These declines highlight the volatility in the precious metals market.
A 3% Goods and Services Tax (GST) is applicable on the value of gold purchases in India, which adds to the overall cost for consumers. This tax structure can influence buying decisions, especially during periods of fluctuating prices.
The recent price drops in gold and silver can be traced back to March 23, when global bullion markets extended their losses for the fourth consecutive week. This trend raises questions about the future trajectory of gold prices and the factors that will influence them moving forward.
As the market adjusts to these changes, investors and consumers alike are left to navigate the implications of these price shifts. Details remain unconfirmed regarding the potential for recovery in gold prices, leaving many to wonder how long this trend will continue and what it means for future investments in precious metals.
