Gold Rates Today 21-03-2025
Gold Price is dynamic. Gold has long been revered as a symbol of wealth and a reliable store of value. Its price dynamics are influenced by a myriad of factors, making it essential for investors and enthusiasts to grasp the underlying mechanisms that drive its valuation. This comprehensive guide delves into the intricacies of gold pricing, offering insights into its historical trends, influencing factors, and current market scenario.
Over the past ten days, gold prices have shown an upward trend, increasing from ₹8,040 per gram (22K) on March 9 to ₹8,250 per gram on March 18.
Gold has always held a special place in Kerala’s culture and economy, symbolizing wealth, tradition, and prosperity. As of March 19, 2025, the gold rates in Kerala are as follows:
- 24 Karat Gold: ₹9,067 per gram
- 22 Karat Gold: ₹8,311 per gram
- 18 Karat Gold: ₹6,800 per gram
Understanding the trends in gold prices over the past month can provide valuable insights for investors and consumers alike. Below is a table detailing the gold rates in Kerala for the past 30 days:
| Date | 22K Gold Rate (₹/gram) | 24K Gold Rate (₹/gram) |
|---|---|---|
| 18-Feb-25 | 7,970 | 8,695 |
| 19-Feb-25 | 7,980 | 8,705 |
| 20-Feb-25 | 7,990 | 8,716 |
| 21-Feb-25 | 8,000 | 8,726 |
| 22-Feb-25 | 8,010 | 8,737 |
| 23-Feb-25 | 8,020 | 8,747 |
| 24-Feb-25 | 8,030 | 8,758 |
| 25-Feb-25 | 8,040 | 8,768 |
| 26-Feb-25 | 8,050 | 8,779 |
| 27-Feb-25 | 8,060 | 8,789 |
| 28-Feb-25 | 8,070 | 8,800 |
| 01-Mar-25 | 7,940 | 8,662 |
| 02-Mar-25 | 7,940 | 8,662 |
| 03-Mar-25 | 7,940 | 8,662 |
| 04-Mar-25 | 7,990 | 8,716 |
| 05-Mar-25 | 8,065 | 8,798 |
| 06-Mar-25 | 8,050 | 8,782 |
| 07-Mar-25 | 7,990 | 8,716 |
| 08-Mar-25 | 8,000 | 8,726 |
| 09-Mar-25 | 8,010 | 8,737 |
| 10-Mar-25 | 8,020 | 8,747 |
| 11-Mar-25 | 8,030 | 8,758 |
| 12-Mar-25 | 8,065 | 8,768 |
| 13-Mar-25 | 8,120 | 8,779 |
| 14-Mar-25 | 8,230 | 8,789 |
| 15-Mar-25 | 8,220 | 8,800 |
| 16-Mar-25 | 8,220 | 8,811 |
| 17-Mar-25 | 8,219 | 8,821 |
| 18-Mar-25 | 8,250 | 9,000 |
| 19-Mar-25 | 8,251 | 9,001 |
| 20-Mar-25 | 8,310 | 9,066 |
| 21-Mar-25 | 8,311 | 9,067 |
Note: The above rates are indicative and subject to market fluctuations.
Factors Influencing Gold Prices in Kerala
Several factors contribute to the daily fluctuations in gold prices in Kerala:
International Gold Prices: Global market trends play a significant role in determining local gold prices. Factors such as geopolitical tensions, economic data releases, and currency fluctuations can impact international gold rates, which in turn affect prices in Kerala.
Currency Exchange Rates: Since gold is traded internationally in U.S. dollars, the exchange rate between the Indian Rupee (INR) and the U.S. Dollar (USD) influences the landed cost of gold in India. A weaker rupee makes gold more expensive domestically.
Local Demand and Supply: Festivals, weddings, and other cultural events in Kerala often lead to increased demand for gold, pushing prices upward. Conversely, during periods of low demand, prices may stabilize or decrease.
Import Duties and Taxes: Government policies, including import duties and taxes on gold, directly affect its retail price. Any changes in these duties can lead to immediate adjustments in gold rates.
Inflation: Gold is often considered a hedge against inflation. During periods of high inflation, investors may flock to gold as a safe-haven asset, increasing its demand and price.
Why Monitoring Gold Prices is Essential
For residents of Kerala, keeping a close eye on gold prices is crucial for several reasons:
Investment Decisions: Gold is a popular investment avenue. Understanding price trends helps investors make informed decisions about buying or selling gold.
Jewelry Purchases: Gold jewelry is integral to Kerala’s culture, especially during weddings and festivals. Being aware of current prices ensures consumers get the best value for their money.
Economic Indicators: Gold prices can reflect broader economic trends. Rising prices might indicate economic uncertainty, prompting individuals to reassess their financial strategies.
Current Market Scenario
As of March 2025, gold has breached the $3,000 per troy ounce threshold, marking an unprecedented high. This surge is attributed to a confluence of factors:
Geopolitical Tensions: Escalating conflicts in regions like Yemen and Gaza have heightened global uncertainties, prompting a flight to safe assets.
Economic Policies: Anticipations of interest rate cuts by major economies, including the U.S. Federal Reserve, have diminished yields on traditional assets, enhancing gold’s attractiveness.
Trade Disputes: The looming threat of substantial tariffs, such as the proposed 200% tariff on European imports by the U.S., has exacerbated market volatility, driving investors toward gold.
Tips for Gold Buyers in Kerala
If you’re considering purchasing gold in Kerala, here are some tips to ensure a prudent investment:
Stay Updated: Regularly check reputable sources for the latest gold rates.
Understand Purity Levels: Gold purity is measured in karats. Ensure you’re aware of the difference between 22K and 24K gold, as it affects both price and durability.
Verify Authenticity: Always purchase gold from certified and reputable jewelers. Look for hallmark certifications that guarantee purity and authenticity.
Consider Making Charges: Jewelers often add making charges to the gold price, which can vary significantly. Compare these charges across different sellers to get the best deal.
Gold Rates Today 20-03-2025
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