Why Kerala gold prices matter to NRIs
Gold is central to Kerala life — from weddings to family savings, the Pavan rate drives real financial decisions. For NRIs sending money home or planning a visit, knowing the gold price trend is as important as the exchange rate. This page gives you the full history from 2020 to 2026, based on 22K gold in Kerala.
1 Pavan = 8 grams of 22K gold. All Pavan rates on this page refer to 22K unless stated. 24K rates are approximately 9% higher.
2026 gold rate highlights
Average 2026 rate (Jan–Mar): ₹1,15,973 per Pavan for 22K and ₹1,26,466 per Pavan for 24K. Range movement in 2026 so far: ₹32,120 for 22K and ₹35,040 for 24K.
Kerala gold rate from 2020 to 2026
Data shown is the price of 1 Pavan (8g) of 22K gold as on 31 March of each fiscal year — the standard reference point used by gold market trackers in Kerala.
| Year | Date | Pavan Rate (₹) | Per Gram (₹) | Change vs prev year |
|---|---|---|---|---|
| 2020 | 31 Mar 2020 | ₹32,000 | ₹4,000 | — |
| 2021 | 31 Mar 2021 | ₹32,880 | ₹4,110 | +2.7% |
| 2022 | 31 Mar 2022 | ₹38,120 | ₹4,765 | +15.9% |
| 2023 | 31 Mar 2023 | ₹44,000 | ₹5,500 | +15.4% |
| 2024 | 31 Mar 2024 | ₹50,200 | ₹6,275 | +14.1% |
| 2025 | 31 Mar 2025 | ₹67,400 | ₹8,425 | +34.3% |
| 2026 | 31 Mar 2026 | ₹1,09,640 | ₹13,705 | +62.7% |
Source: keralagold.com yearly price history (31 March fiscal year-end values). 22K Pavan = 8 grams.
Monthly 2026 rates (15th of each month)
| Month | 22K / gram (₹) | 24K / gram (₹) | 22K / Pavan (₹) | 24K / Pavan (₹) |
|---|---|---|---|---|
| January 2026 | ₹13,165 | ₹14,343 | ₹1,05,320 | ₹1,14,744 |
| February 2026 | ₹14,460 | ₹15,775 | ₹1,15,680 | ₹1,26,200 |
| March 2026 | ₹15,865 | ₹17,307 | ₹1,26,920 | ₹1,38,456 |
Data recorded on the 15th of each month. Source: keralagoldrates.com monthly prices 2026.
Key trends 2020–2026
2020–2021: Pandemic plateau
Gold prices in Kerala stayed relatively flat between March 2020 (₹32,000) and March 2021 (₹32,880) — a rise of just 2.7%. Despite global uncertainty during the COVID-19 pandemic, Kerala gold rates did not surge sharply because international prices fluctuated and the INR remained stable in this period.
2022–2024: Steady annual climbs
From 2022 to 2024, prices rose consistently by around 14–16% each year — from ₹38,120 in March 2022 to ₹50,200 in March 2024. This matches global gold price increases driven by central bank buying, inflation expectations, and sustained Gulf demand from the Kerala NRI community.
2025: The big jump — +34%
The steepest rise in this period came between March 2024 and March 2025, when the Pavan rate jumped from ₹50,200 to ₹67,400 — a gain of 34.3% in one year. This was driven by strong global gold demand, the weakening rupee, and international gold prices hitting record levels.
2026: Record territory — +62.7%
2026 set a historic milestone. The Pavan rate hit ₹1,09,640 by March 2026, crossing the ₹1 lakh mark for the first time in Kerala gold history. The 22K high on 29 January 2026 was ₹1,31,160 per Pavan — the highest ever recorded, according to keralagold.com.