Kerala Gold, Silver Prices On March 13: Precious Metals Slip Slightly After Recent Highs

Gold and silver prices in Kerala witnessed a marginal decline on Friday, March 13, offering some relief to buyers after recent highs in the precious metals market. Despite the slight dip, gold continues to remain at elevated levels, reflecting strong global demand and ongoing economic uncertainties.

As per the latest update at 12 PM (IST), the price of 24-karat gold in Kerala stands at ₹16,041 per gram, while 22-karat gold, the most commonly used form for jewellery in India, is priced at ₹14,704 per gram on Bullions website.

For larger quantities, 24-karat gold is priced at ₹1,60,410 for 10 grams, while 22-karat gold costs ₹1,47,043 per 10 grams. Meanwhile, 100 grams of 24-karat gold is valued at ₹16,04,100, and one kilogram is priced at ₹1,60,41,000, reflecting the continued strength of the bullion market.

Other gold purity levels are also trading at different rates. 20-karat gold is priced at ₹13,368 per gram, while 18-karat gold costs ₹12,031 per gram, the data said. Lower purity variants such as 14-karat gold are priced at ₹9,357 per gram, often preferred for modern lightweight jewellery designs.

Market data indicates that gold prices have slipped slightly compared to Thursday. On the previous day, 24-karat gold was priced at ₹1,61,040 per 10 grams, indicating a marginal decline of around 0.39 per cent in the latest trading session.

Silver prices in Kerala have also registered a noticeable drop on Friday. Silver 999 fine quality is currently priced at ₹264 per gram, while 10 grams cost ₹2,641. For bulk buyers, one kilogram of 999 fine silver is priced at ₹2,64,120.

Other silver variants are also trading lower. Sterling silver (925 purity) is priced at ₹244 per gram, while 900 coin silver costs ₹238 per gram. German silver (800 purity) is currently available at ₹211 per gram in the state.

The latest prices mark a decline from Thursday's levels. On the previous day, 999 fine silver was priced at ₹2,68,870 per kilogram, meaning the metal has dropped by nearly 1.77 per cent within a day.

Market analysts attribute the slight fall in precious metal prices to fluctuations in global bullion markets and changes in investor sentiment. International gold prices often react to movements in the US dollar, inflation expectations, interest rate outlooks and geopolitical developments.

In recent weeks, gold has been supported by global economic uncertainties and rising demand for safe-haven assets. However, short-term corrections are common as traders book profits after sharp price rallies.

In Kerala, gold prices hold particular significance due to the state's deep cultural and economic connection with the metal. Gold jewellery is widely purchased for weddings, festivals and investment purposes, making daily price changes closely watched by consumers and traders alike.

Jewellery retailers say that even small price corrections often trigger buying interest among customers who have been waiting for prices to ease.

With wedding season demand continuing and global market factors still influencing bullion trends, experts expect gold prices to remain volatile in the coming weeks. Buyers are therefore advised to monitor daily price movements before making major purchases.

For now, Friday's slight dip may provide a small window of opportunity for those planning to invest in gold or purchase jewellery in Kerala.