Longer ranges, with every recorded day in a table, are on our gold price history page.
Kochi Gold Rate — All Weights
Live rate for the karat selected above · Excludes GST & making charges
| Weight | Gold Rate | Change |
|---|---|---|
| 1 Gram | ₹14,226 | ▼ ₹45 |
| 2 Grams | ₹28,452 | ▼ ₹90 |
| 4 Grams | ₹56,904 | ▼ ₹180 |
| 8g (1 Tola) | ₹1,13,808 | ▼ ₹360 |
| 10 Grams | ₹1,42,260 | ▼ ₹450 |
| 20 Grams | ₹2,84,520 | ▼ ₹900 |
| 50 Grams | ₹7,11,300 | ▼ ₹2,250 |
| 100 Grams | ₹14,22,600 | ▼ ₹4,500 |
Kochi vs Other Cities
22K gold per 10 grams. All five cities currently show the same rate — we apply no city premium, because we have not been able to measure one we can stand behind. See how we calculate rates.
| City | 22K / 10g | Change | vs Kochi |
|---|---|---|---|
| Chennai | ₹1,30,410 | ▼ ₹410 | — |
| Mumbai | ₹1,30,410 | ▼ ₹410 | — |
| Delhi | ₹1,30,410 | ▼ ₹410 | — |
| Kolkata | ₹1,30,410 | ▼ ₹410 | — |
| Kochi You are here | ₹1,30,410 | ▼ ₹410 |
What those marks mean, and how to verify a HUID before you pay: see our BIS hallmark and HUID guide.
Kerala sets one rate for the whole state — which makes Kochi unusual
Most Indian cities do not have a single authoritative local gold price. Kerala does, and it is the most important thing to understand about buying gold in Kochi.
The All Kerala Gold & Silver Merchants Association (AKGSMA) publishes a daily board rate that jewellers across the state work to. The practical consequence is that “the gold rate in Kochi” and “the gold rate in Kerala” are the same number. Published rates in Kochi and Thrissur move together to the rupee, and a shop in Ernakulam and a shop in Kozhikode will generally be quoting the same metal price on the same morning.
Note also what the board publishes. AKGSMA’s headline rates are 22K and 18K, not 24K. That reflects what Kerala actually buys: 22K ornaments, with 18K for stone-set work. If you are shown a 24K figure in a Kochi showroom, it is almost certainly for coins or bars rather than jewellery.
One correction to something we previously published on this page: an earlier version of this site credited Kerala rates to “KGMA”. That organisation does not appear to exist — the body that sets the state rate is AKGSMA.
We publish the national IBJA benchmark for Kochi with no premium added. The AKGSMA board rate is a separate, genuinely local number, and on any given day it may sit slightly above or below the benchmark shown here — check the board rate directly if that difference matters to your purchase.
Kochi buys, Thrissur makes
Kochi is Kerala’s commercial centre and its largest retail gold market, but the state’s manufacturing centre of gravity sits about 75 km north in Thrissur, and the two are worth thinking about together.
Thrissur is one of the largest gold jewellery manufacturing clusters in South India. Published summaries of the trade there describe on the order of 3,000 manufacturing units and around 40,000 artisans, producing a large share of the jewellery sold across Kerala and well beyond it. Several of the national retail chains now found in every Indian city — Kalyan, Joyalukkas, Josco among them — originated in Kerala, and Thrissur in particular.
For a buyer in Kochi this has a concrete effect: a lot of what is on the shelf was made within the state, often within an hour or two’s drive, rather than bought in from Mumbai or Kolkata. The wider context is that South India accounts for the largest share of national gold jewellery demand — the World Gold Council has put the southern zone at roughly 40% of the Indian total — and within that zone Kerala is consistently described as the leading consumer state.
Vishu, Onam and the Kerala wedding calendar
Kerala's buying year has two peaks that are specific to the state, and they do not line up with the North Indian festival calendar.
Vishu (April) is the Malayali New Year, and it carries a gold-buying custom that is unusually direct: the Vishu Kani, the first sight on New Year's morning, is traditionally arranged with gold and rice before the family deity. In practice this drives heavy demand for small denominations — coins in the 1 g to 10 g range — rather than for ornaments.
Onam (August–September), the harvest festival, is Kerala's largest retail season of any kind, and jewellery moves with everything else.
Both sit alongside Akshaya Tritiya in April or May and the state's own wedding season. Because Vishu and Akshaya Tritiya both fall in April in most years, Kerala's spring demand concentration is sharper than in most of India.
What to check before you pay, in Kochi specifically
- Compare making charges, not metal rates. Because AKGSMA fixes one rate statewide, the metal price is not where shops compete in Kerala. Making charges and buy-back terms are — so that is where comparison is worth your time.
- Ask whether the quoted rate is the AKGSMA board rate. It should be. If a shop quotes something else, ask why.
- Check which purity you are being sold. Kerala retail is overwhelmingly 22K (marked 916). If a piece is 18K — common for stone-set designs — confirm it is priced at the 18K rate and not the 22K one.
- Verify the HUID yourself before payment. Six characters, checkable free in the BIS CARE app. See our hallmark and HUID guide.
- Get buy-back and exchange terms in writing. Kerala has a strong gold-exchange culture and terms differ meaningfully between chains — including how much of the original making charge is recoverable.