Kerala Gold & Silver Rate On March 10: Prices of Both Metals Edge Higher

Gold and silver prices in Kerala moved higher on Tuesday, March 10, reflecting continued momentum in the precious metals market. The latest rates show gold edging closer to record territory, while silver has posted a sharper percentage gain during the day, driven by strong global demand and investment interest.

According to the latest market update at 1:25 PM, the price of 24-karat gold in Kerala stood at ₹16,271 per gram, taking the cost of 10 grams to ₹1,62,710, as per Bullions website. The benchmark rate has risen 0.94 percent compared to the previous session, indicating steady upward movement in the bullion market.

The widely traded 22-karat gold, preferred for jewellery in Kerala, is priced at ₹14,915 per gram, or ₹1,49,151 for 10 grams. This category remains the most popular among buyers, particularly during wedding seasons and festive occasions when demand traditionally increases across the state.

Lower purity variants of gold have also reflected the same trend. 20-karat gold is priced at ₹13,559 per gram, while 18-karat gold is selling at ₹12,203 per gram, the data said. Meanwhile, 14-karat gold, commonly used in lightweight jewellery and designer ornaments, is currently available at ₹9,491 per gram.

In terms of larger quantities, the price of 100 grams of 24-karat gold in Kerala has climbed to ₹16,27,100, while one kilogram of the precious metal now costs ₹1,62,71,000. Internationally, gold is also trading strong, with one ounce priced at ₹4,61,275 in local conversion rates.

Silver, on the other hand, recorded a stronger rally on Tuesday. The rate of 999 fine silver reached ₹277 per gram, pushing the price of one kilogram to ₹2,77,380. This marks a 3.41 percent increase compared to the previous trading level of ₹2,68,240 per kilogram.

Other silver categories have also followed the upward trend. 925 sterling silver is currently priced at ₹257 per gram, while 900 coin silver is selling at ₹250 per gram. Meanwhile, 800 German silver is trading at ₹222 per gram, making it a more affordable alternative for decorative items and utensils.

Market analysts attribute the upward movement in gold and silver prices to a mix of global economic factors. Continued geopolitical uncertainties, fluctuations in the US dollar, and expectations regarding interest rate policies in major economies are supporting safe-haven demand for precious metals.

In India, the rupee's movement against the US dollar also plays a crucial role in determining domestic bullion prices. Even small fluctuations in currency exchange rates can lead to noticeable changes in gold and silver prices in local markets.

Silver, which is widely used for jewellery, utensils, and investment bars, is also seeing renewed interest as investors look for relatively affordable alternatives to gold.