The current gold rates in Kozhikode, are influenced by both gold prices in India and globally and follow similar trends. As of March, 2016, the price of the yellow metal for 22K gold is at Rs. 2,765 while pure gold which is 24K, is at Rs. 2962. This is against the gold prices in India which is only around Rs. 4 to Rs. 10 lesser than the prices in Kozhikode. Hence, the rates are only slightly higher in this city but follows similar price trends. It is important to consider the gold rates in the city against the rates in the nearby cities to get a good deal.
Gold Rate Trend in Kozhikode for January 2018 to March 2018 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.2,924 per gram | Rs.3,040 per gram | Rs.2,956 per gram |
| Last day | Rs.2,940 per gram | Rs.3,046 per gram | Rs.2,966 per gram |
| Highest price | Rs.3,015 per gram on 25 January | Rs.3,103 per gram on 14 February | Rs.3,008 per gram on 28 March |
| Lowest price | Rs.2,909 per gram on 5 January | Rs.3,003 per gram on 8 February | Rs.2,945 per gram from 16-19 March |
| Trend | Incline | Incline | Incline |
| Change | 0.54% | 0.19% | 0.33% |
Gold Rate Trend in Kozhikode for January 2018:
- Gold trade opened in Kozhikode with the yellow metal priced at Rs.2,924 per gram on the 1st with steady domestic demand from local jewellers, retailers and industries.
- Rates dropped to Rs.2,909 per gram on the 5th as demand plummeted after the US dollar rose against a basket of other major emerging currencies.
- Poor inflation data coupled with weaker-than-expected US jobs and payrolls’ data led to gold prices recovering towards the end of the month.
- The 25th saw gold prices surging to Rs.3,015 per gram with market participants leaning on to the safe-haven metal to hedge against inflation concerns.
- The month came to an end with the precious metal prices holding steady at Rs.2,940 per gram on the 31st amid firm overseas trends and Kozhikode recorded an incline of 0.54% in gold prices during the course of the month.
Gold Rate Trend in Kozhikode for February 2018:
- The month began with the precious metal prices holding at Rs.2,961 per gram on the 1st after a decline in the US dollar following the central bank meeting resulted in an increased investor demand for the metal.
- However, with the US greenback recovering from its previous streak of losses, demand for the metal plunged. This led to gold prices plunging to Rs.2,919 per gram – the lowest recorded monthly figure – on the 8th.
- Poor trends overseas coupled with reduced domestic demand led to gold prices remaining untouched at Rs.2,919 per gram until the 12th.
- An increase in industrial orders over the next week coupled with the weakening dollar index led to gold prices surging to Rs.2,993 per gram on the 19th.
- When trading concluded for the month, gold prices in Kozhikode was recorded trading at Rs.2,956 per gram on the 28th.
- The district of Kozhikode registered a loss of 0.16% in bullion trade on the account of the week global cues that pushed demand lower for the metal during the month.
Gold Rate Trend in Kozhikode for March 2018:
- Gold prices in Kozhikode were recorded holding at Rs.2,956 per gram, when trading began for the final month of the quarter.
- Poor dollar performances coupled with losing equity markets led to gold rates improving over the next few weeks.
- However, with the US employment data reporting an incline in the number of jobs supporting the US economy, gold rates dropped to Rs.2,945 per gram on the 16th.
- Poor domestic demand compounded by weak trends overseas led to gold prices remaining unaltered at Rs.2,945 per gram until the 19th.
- With the dollar on a decline amid the poorly performing US equities, demand for the bullion picked up towards the end of the month.
- Trading concluded with the yellow metal priced at Rs.2,966 per gram on the 31st and Kozhikode recorded a profit of 0.33% in bullion trade during the month.
Gold Rate Trend in Kozhikode for October 2017 to December 2017 (per gram of 24 karat gold)
| Factor | October | November | December |
| 1st day | Rs.2,954 per gram | Rs.2,942 per gram | Rs.2,921 per gram |
| Last day | Rs.2,942 per gram | Rs.2,937 per gram | Rs.2,909 per gram |
| Highest price | Rs.2,977 per gram from 12 to 16 October | Rs.2,986 per gram 18 to 22 November | Rs.2,931 per gram from 2 to 4 December |
| Lowest price | Rs.2,931 per gram on 27 October | Rs.2,932 per gram on 5 November | Rs.2,786 per gram on 12 and 13 December |
| Trend | Decline | Decline | Decline |
| Change | -0.40% | -0.16% | -0.41% |
Gold Rate Trend in Kozhikode for October 2017:
- Trading commenced for the month with the yellow metal priced at Rs.2,954 per gram on the 1st amid the strengthening US dollar index and rising equities.
- Demand for the metal remained on the weaker side despite the arrival of the festive season during the month . This led to gold prices in Kozhikode plummeting to Rs.2,942 per gram on the 7th.
- Safe-haven demand for the metal surged with the US-North Korean diplomatic relations deteriorating. Strong demand coupled with positive global cues led to gold prices rebounding to Rs.2,977 per gram on the 12th.
- With domestic jewellers, retailers and industries ramping up purchases to meet the local festive demand, gold rates in Kozhikode surged to Rs.2,989 per gram on the 13th amid the firm trends.
- However, with the US dollar index and equity markets recovering from the previous days’ losses, demand for the metal plunged. The precious metal was recorded trading at Rs.2,952 per gram on the 28th.
- When trading concluded for the month, the bullion prices were recorded trading at Rs.2,942 per gram on the 31st after a weak trend overseas led to reduced demand for the yellow metal.
- Gold prices in Kozhikode witnessed a drop of 0.40% as poor overseas cues led to a decline in demand for the precious metal.
Gold Rate Trend in Kozhikode for November 2017:
- The month began in Kozhikode with the bullion prices holding at Rs.2,942 per gram on the 1st with steady demand from the previous month.
- However, with the US dollar index gaining against a basket of other emerging currencies in the international market, gold rates plunged to Rs.2,932 per gram on the 4th.
- Demand for safe-haven assets such as gold surged significantly with tensions rising in the Middle East. The resulted in gold being priced at Rs.2,941 per gram on the 7th amid firm trends overseas.
- The poorly performing dollar coupled with the losing equities led to an increased demand from local industries, retailers and industries. This led to gold rates rising to Rs.2,986 per gram on the 18th.
- However, with the US greenback recovering from the previous days’ losses amid the strengthening equity markets, gold prices plunged to Rs.2,955 per gram on the 23rd.
- The month ended with the bullion priced at Rs.2,937 per gram on the 30th after the strong US dollar led to a decline in demand for the metal.
- Gold trade in Kozhikode recorded a loss of 0.16% in gold prices owing to poor trends overseas that pushed demand lower for the metal during the course of the month.
Gold Rate Trend in Kozhikode for December 2017:
- The last month of the quarter commenced with gold trading as low as Rs.2,921 per gram on the 1st following a steep decline in domestic demand amid weak global cues.
- With the landmark US tax reform bill facing uncertainties in the US Senate, the US dollar rates fluctuated considerably during the first week.
- The 8th saw gold rates holding at Rs.2,877 per gram before dropping further to Rs.2,862 per gram – the lowest recorded weekly figure – on the 9th amid the strengthening US dollar and equity markets.
- Poor global cues coupled with reduced domestic demand resulted in gold rates plummeting to Rs.2,816 per gram on the 16th.
- However, with traders and stockists mulled over by the ultimate outcome of the US tax bill on the country’s economy, the US dollar decline. This led to an increase in demand for the safe-haven asset and gold rates rebounded to Rs.2,858 per gram on the 24th.
- With the bullion rates hitting one-month highs in the international markets, gold prices rose to Rs.2,909 per gram on the 29th amid the firm trends overseas.
- When trading concluded for the month, the precious metal was recorded trading at Rs.2,909 per gram on the 31st with steady demand from local industries, retailers and jewelers amid the positive trends overseas..
- Gold prices in Kozhikode plunged by 0.41% due to the poor global cues that influenced domestic demand during the course of the month.