Gold prices in Thiruvananthapuram began November 2026 on a stable note, with 24k gold opening at ₹1,38,880 per 10 grams. Throughout the month, the price remained unchanged, maintaining a consistent rate of ₹1,38,880. This stability marked a significant shift from the volatility observed in October 2026, where prices fluctuated between a high of ₹1,51,420 and a low of ₹1,38,880, ultimately closing the month at ₹1,38,880.
The trend in October 2026 saw a notable decline, with gold prices dropping from ₹1,49,580 at the start of the month to ₹1,38,880 by the end, reflecting an overall fall of ₹10,700. This downward trend was part of a broader pattern observed in recent months, including a decrease from ₹1,56,760 to ₹1,48,790 in September 2026 and from ₹1,57,030 to ₹1,41,920 in June 2026.
However, August 2026 bucked this trend with a significant rise in gold prices, increasing from ₹1,44,220 to ₹1,58,230, a gain of ₹14,010. This surge was driven by market volatility, with prices peaking at ₹1,63,980 on August 25th before settling at the month's end.
The article also highlighted the importance of understanding gold purity, noting that 24k gold is best suited for investment due to its high purity, while 22k gold is commonly used for traditional Indian jewellery. Additionally, it emphasized the need to verify authenticity through BIS hallmarking and provided insights into digital gold and gold ETFs as alternative investment options.