What the data shows
The gold rate today in Kerala is ₹14,002 for 22K gold per 10 grams, while 24K gold is priced at ₹14,596 for the same quantity. These rates reflect the ongoing fluctuations in the market, which have seen a notable decline recently.
In March 2026, gold prices in India have dropped sharply, with estimates indicating a decline of around 12% to 17%. This downturn is attributed to a combination of factors, including weak market sentiment and unfavorable macroeconomic conditions. The overall market has been under pressure, leading to gold prices remaining near recent lows after a significant weekly correction.
On a broader scale, domestic rates in India have edged marginally lower, with 24K gold holding at approximately ₹1.45 lakh per 10 grams. This decline has also affected silver, with the current silver rate in Kerala at ₹2,300 for 10 grams, ₹23,000 for 100 grams, and ₹2,30,000 for 1 kg.
Gold futures for April 2026 delivery have also seen a significant drop, losing ₹7,115, or 5%, to settle at ₹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 figures demonstrate the volatility in the precious metals market.
As we look at the current situation, it is essential to consider the implications for investors and buyers. A 3% GST is applicable on the value of gold purchases in India, which adds to the overall cost for consumers. This tax, combined with the fluctuating market rates, makes it crucial for potential buyers to stay informed about the latest trends.
Gold and silver prices in India saw a sharp decline on March 23 as global bullion markets extended their losses for the fourth consecutive week. This ongoing trend raises questions about the future direction of gold prices and whether they will stabilize or continue to decline.
Details remain unconfirmed, but the current market sentiment suggests that investors should proceed with caution. As the situation evolves, keeping an eye on economic indicators and global market trends will be vital for anyone looking to invest in gold or silver.
