Kochi: Gold prices in Kerala witnessed a significant decline today, March 24, 2026. Following a period of high volatility, the price of the precious metal dropped by ₹2,160 per sovereign (8 grams), bringing much-needed relief to retail consumers and jewelry buyers in the state.
Today’s Gold Rates in Kerala (March 24, 2026)
According to the latest market reports, the gold rates today are as follows:
- 22-Carat Gold (per Sovereign): ₹1,02,920 (Down by ₹2,160)
- 22-Carat Gold (per Gram): ₹12,865 (Down by ₹270)
- 18-Carat Gold (per Gram): ₹10,630
- Silver Price (per Gram): ₹235
Market Analysis: Why are Gold Prices Falling?
The sharp decline in Kerala’s local market is a direct reflection of the correction in the international bullion market. Globally, spot gold prices cooled down to approximately $4,352 per ounce.
Market experts suggest that geopolitical developments, specifically regarding US-Iran tensions and shifts in Middle Eastern stability, are currently dictating the price action. While prices dipped below the 1-lakh mark briefly on Monday before recovering, today’s trend shows a bearish momentum.
What it Means for Buyers
Despite the drop in the base price, the final “on-road” price of gold jewelry includes making charges and GST.
- Total Cost: For a standard gold ornament with 10% making charges and applicable taxes, a consumer might have to spend approximately ₹1,16,670 per sovereign.
- Recommendation: Buyers are advised to track the live rates throughout the day, as the market remains sensitive to global economic cues.
Future Outlook
Analysts believe that if the international trend continues, gold prices could see further consolidation. However, wedding season demand in Kerala usually provides a support level for local prices, preventing a massive crash.
