Gold Rate In Thrissur
The cost of gold in Thrissur changes periodically, with minor fluctuations witnessed on a regular basis. The amount an individual pays to purchase gold depends on the purity, with 18 or 22 karat gold being lighter on the pocket compared to 24 karat gold. The demand for gold also has an impact on prices, with low demand leading to lower rates while high demand leads to a rise in costs.
24 karat gold – 24 karat gold is perhaps the purest form of gold one can buy in Thrissur, with it being 99.9% pure gold. This purity makes it desirable as an investment source, offering individuals liquidity if they wish to sell it. Owing to its purity, it cannot be crafted into jewellery, which means that coins and bars are the only way to own it. Individuals looking to purchase 1 gram of 24 karat gold in Thrissur would end up paying Rs 2,974 (as of March 11, 2016), with prices expected to change over time. Looking at the last year, one can see that prices dropped in 2015, when a gram of 24 karat gold could’ve been purchased for as less as Rs 2,500. Since January 2016, prices have been on an upward climb and one can expect a further hike in rates.
22 karat gold – Containing 92% gold, 22 karat gold is a popular option when it comes to making jewellery. Given the fact that Thrissur is a major jewellery hub, most of the gold purchased or sold here is 22 karat. A gram of 22 karat gold costs Rs 2,780 in the city (as of March 11, 2016), closely following 24 karat rate trends. After a lull in 2015, prices have picked up, climbing by over Rs 400 in the first three months of 2016.
Gold Rate Trend in Thrissur 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 Thrissur 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 Thrissur for October 2017:
- When trading commenced for the final quarter, the yellow metal was priced at Rs.2,954 per gram on the 1st of October.
- Thrissur witnessed gold rates decline during the initial week due to a decline in domestic demand despite the imminent arrival of major festivals during the month and gold was priced at Rs.2,942 per gram on the 7th.
- The second week, however, saw gold price in Thrissur surging with the US dollar losing against other emerging currencies amid tensions rising between the US and North Korea. The precious metal was recorded trading at Rs.2,977 per gram on the 12th.
- Thanks to an increase in demand by local jewellers, retailers and industries amid the positive trend overseas, gold rates surged to Rs.2,989 per gram on the 17th.
- The high demand couldn’t keep up with the strengthening US dollar as the month progressed. This led to gold prices plunging to Rs.2,952 per gram on the 28th.
- The poor trend overseas coupled with reduced domestic demand led to rates declining to Rs.2,942 per gram on the 31st.
- Thrissur recorded a decline of 0.40% in gold prices owing to the poor global cues that pushed demand lower during the course of the month.
Gold Rate Trend in Thrissur for November 2017:
- The month began with gold in Thrissur holding steady at Rs.2,942 per gram following a firm trend from the previous month.
- Gold price in Thrissur plunged to Rs.2,932 per gram on the 4th with the US dollar gaining against other apex currencies.
- Demand, however, picked during the second week with Middle East crisis pushing demand higher for safe-haven assets such as gold. This led gold rates rebounding to Rs.2,941 per gram on the 7th.
- Gold rate in Thrissur surged to Rs.2,986 per gram on the 18th owing to an increased offtake from industries amid the weakened US dollar and weakly performing equities.
- However, with the US greenback regaining lost ground during the month, gold prices dropped to Rs.2,955 per gram on the 23rd.
- The month concluded with the bullion priced at Rs.2,937 per gram on the 31st amid the poor trends overseas.
- Thrissur saw gold rates declining at 0.16% with the US dollar strengthening during the course of the month.
Gold Rate Trend in Thrissur for December 2017:
- The month of December began in Thrissur with gold priced at Rs.2,921 per gram on the 1st with the metal losing ground after the US economic data release.
- Gold rates in Thrissur fluctuated considerably during the first week with the US dollar rates varying amid conflicting opinions in the US Senate.
- On the 8th, the precious metal was priced at Rs.2,877 per gram before plummeting to Rs.2,862 per gram – the lowest recorded monthly figure – on the 9th amid the poor trend overseas.
- Prices declined as the month progressed and the bullion was recorded trading at Rs.2,816 per gram on the 16th.
- The decline in prices was due to the approval of the Republican tax bill by the US Senate and also the US Federal Reserve’s decision to raise its benchmark interest rates during the month.
- Prices, however, picked up towards the end of the month with investors mulled over the ultimate impact of the US tax bill on the county’s economic growth. The precious metal was priced at Rs.2,858 per gram on the 24th.
- The final week of the quarter saw gold rates rise significantly with international prices hitting one-month high figures amid the weakening dollar. On the 29th, gold rates were recorded at Rs.2,909 per gram and remained untouched at the same rate for the rest of the month.
- Gold rates in Thrissur declined at 0.41% owing to the reduced domestic demand compounded by the poor global cues during the course of the month.
