The Golden Hub !

A Glimpse at the Gold business in Kerala



The Gold business in Kerala is centered in Thrissur and is a major revenue earner for the economy of the state. Approximately half a tone of gold jewellery is manufactured every year in the small state of Kerala. The majority of this comes from Thrissur, making the city a hub of gold business and gold jewellery manufacturing in the whole of South India iteself.

Thrissur's destiny with gold started a long way back with Roman and Arab traders anchoring in the lost port city of Muziris in Kodungallur. 

The de-regulated gold sector offered a huge opportunity for businesspersons from Thrissur and India. Some of the goldsmiths turned in to businessman and later into wholesale dealers of gold jewellery. But majority of the traditional goldsmith families next generation opted out from this old profession. This lead to the coming in of unskilled workers. However that change was short-lived. Craftsmen from West Bengal and Orissa were the main attraction in 2000 because of their skills.

24ct at 24K

Gold price crosses 24K mark Creating History in Kerala
With the price of one gram of gold reaching Rs 3020, gold prices crossed the Rs 24,000 mark on Friday to create history. The price of one sovereign of gold in the Kerala market  reached Rs 24,160. There had been a rise of Rs 280 per sovereign which set the new rate.

The prices went north taking cue from global bullion market. The hike in the price of gold in the global economy and the practice of merchants hoarding gold as an investment also added to the cause of the price hike.

Gold @ Rs.13.75/- per Pavan in 1925 !


Gold Price Chart since 1925


Year Price of 1 Pavan Gold (Rs.)
1925-----------Rs.13.75/-
1930 ----------Rs. 13.57/-
1935 ----------Rs. 22.65/-
1940 ----------Rs. 26.77/-
1945 ----------Rs. 45.49/-
1950 ----------Rs. 72.75/-
1955-----------Rs.58.11/-
1960-----------Rs.82.05/-
1965 ----------Rs. 90.20/-
1970-----------Rs.135.30/-
1975-----------Rs.396/-
1980-----------Rs.975/-
1985-----------Rs.1573/-
1990-----------Rs.2493/-
1995-----------Rs.3432/-
1996-----------Rs.3784/-
1997-----------Rs.3432/-
1998-----------Rs.2966/-
1999-----------Rs.3106/-
2000-----------Rs.3212/-
2001-----------Rs.3073/-
2002-----------Rs.3670/-
2003-----------Rs.3857/-
2004-----------Rs.4448/-
2005-----------Rs.4550/-
2006-----------Rs.6255/-
2007-----------Rs.6890/-
2008-----------Rs.8892/-
2009-----------Rs.11077/-
2010-----------Rs.12280/-
2011-----------Rs.15560/-

2012 August----------------- Rs.23240/-
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