Lakshadweep · 26 September 2026 · 05:49 PM IST
| Weight | 24K (99.9%) | 22K (91.6%) | 18K (75%) |
|---|---|---|---|
| 1 Gram | ₹15,542.82 | ₹14,237.22 | ₹11,657.11 |
| 8 Grams (1 Pavan) | ₹124,342.56 | ₹113,897.76 | ₹93,256.88 |
| 10 Grams | ₹155,428.20 | ₹142,372.23 | ₹116,571.15 |
| 100 Grams | ₹1,554,282.00 | ₹1,423,722.00 | ₹1,165,711.00 |
| 1 Kilogram | ₹15,542,820 | ₹14,237,220 | ₹11,657,110 |
Today, the price of 24K gold in Kavaratti fell to Rs.155428.2/10g from its previous levels, indicating a shift in market sentiment. This decline is likely due to a combination of factors, including the recent fall in international gold prices, as seen on the COMEX, and the impact of the Indian rupee strengthening against the US dollar, making gold less expensive in local currency terms. Additionally, the Indian Bullion and Jewellers Association (IBJA) rates have also shown a downward trend, aligning with the overall market movement.
Global macroeconomic factors are playing a significant role in today's price movements. The strengthening of the Indian rupee against the US dollar has made gold more affordable for Indian consumers, contributing to the downward pressure on prices. Moreover, the US Federal Reserve's monetary policy, particularly the increase in interest rates, is expected to continue dampening the demand for gold as a safe-haven asset. However, local factors such as the festive demand season and the IBJA's rates remain important. Import duty impact, while not as direct, can still influence overall supply and demand dynamics. The monsoon outlook, though not directly affecting the price, can impact the purchasing power and sentiment of consumers in the agricultural sector, which is a significant part of the economy.
For local consumers in Kavaratti, it is important to consider the BIS hallmark standards when purchasing gold to ensure authenticity and quality. Given the current market conditions, a balanced approach to investment is recommended, combining physical gold with paper gold options like ETFs. Physical gold can be a good hedge against inflation, while ETFs offer liquidity and convenience. It is advisable to stay informed about market trends and to diversify investments to mitigate risks.
To securely buy physical gold or paper gold in Kavaratti, start by researching reputable jewelers and dealers who adhere to BIS hallmark standards. Verify documents and have a clear understanding of the purchase and any associated costs. For paper gold, consider investing in ETFs through a trusted broker or financial advisor. Ensure you understand the terms and conditions of the ETF and any potential fees. Always keep your investments secure, whether in the form of physical gold or through electronic platforms.