May 14
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Gold Rate in Kochi
Gold rates in Kochi closely reflect international gold trends, with a number of factors impacting prices. Jewellery accounts for a major portion of gold demand in the city, with coins, bars, ETFs and gold funds being other popular investment options.
Gold Rate in Kochi 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 in Kochi 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 in Kochi for October 2017:
- The month began with the bullion trading at Rs.2,954 per gram on the 1st amid firm trends overseas.
- A decline in domestic demand by local jewellers, industries and retailers despite the ongoing festive season led to gold price in Kochi declining to Rs.2,942 per gram on the 7th.
- However, with diplomatic relations between the US and North Korea deteriorating, gold rates in Kochi surged to Rs.2,977 per gram on the 12th.
- Prices continued to rise due to the increased buying by local jewellers and retailers with the imminent arrival of the festive season. The precious metal was recorded trading at Rs.2,989 per gram on the 17th.
- However, with the US greenback regaining lost ground and the equities market performing well against the commodities, gold rate in Kochi declined to Rs.2,952 per gram on the 28th.
- The month concluded with the bullion trading at Rs.2,942 per gram amid the poor overseas trends.
- Kochi registered a loss of 0.40% in gold trade due to the strong US dollar index that pushed demand lower for the metal during the course of the month.
Gold Rate in Kochi for November 2017:
- Trading commenced with the yellow metal priced at Rs.2,942 per gram on the 1st.
- With the US dollar rising against other emerging currencies over the next few days, gold was recorded trading at Rs.2,932 per gram on the 4th.
- However, with the Middle-East crisis intensifying overseas, demand for safe-haven assets such as gold surged globally. This led to gold price in Kochi recovering to Rs.2,941 per gram on the 7th.
- The 18th saw gold rate in Kochi rising to Rs.2,986 per gram on the 18th with an increased demand from jewellers and industries amid the poorly-performing US dollar.
- Gold rates plummeted to Rs.2,955 per gram on the 23rd after the US dollar regained lost ground and the equities strengthened during the week.
- When the month concluded, the yellow metal was priced at Rs.2,937 per gram with poor demand for the metal.
- Kochi registered a decline of 0.16% in gold rates during the course of the month.
Gold Rate in Kochi for December 2017:
- The month of December began in Kochi 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 Kochi 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 on the 9th amid the poor trend overseas.
- Gold price in Kochi 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 picked up towards the end of the month with investors and stockists speculating over the final impact of the US tax bill on the country’s economy. The precious metal was priced at Rs.2,858 per gram on the 24th.
- Gold rates were recorded at Rs.2,909 per gram on the 29th and remained unaltered at the same price for the remainder of the month.
- Gold rates in Kochi dropped by 0.41% as a result of reduced domestic demand amid the poor trends overseas during the course of the month.
