Alappuzha Gold Prices Soar Amidst Global Market Volatility

The gold rate in Alappuzha has fluctuated recently due to various global and local factors. On September 29th, 2026, the 24-carat gold price stood at ₹15,397 per gram, while the 22-carat gold rate was ₹14,104.3 per gram.

The international gold prices closely track the London Bullion Market Association (LBMA) price in USD per ounce. A weaker rupee (higher USD/INR) instantly makes every gram costlier in Alappuzha, which can add ₹50-100 to the 22K gold price in just one day.

The government currently levies a 6% customs duty on gold imports, along with 3% GST. Local demand is influenced by Kerala's traditions where gold is considered both an investment and a cultural necessity, especially during festive seasons like Onam and Vishu.