Thiruvananthapuram: The latest market update reveals a substantial decline in gold prices within the state. The cost of a single gram of gold has dropped by Rs 30, while the value of a sovereign of gold has witnessed a notable decrease of Rs 240. As of today, the market reflects these changes, with gold trading at Rs 5,335 per gram and Rs 42,680 per sovereign.
The downward trend of gold prices, which initiated in mid-March this year, continues unabated. Just yesterday, the price of one gram of gold experienced a reduction of Rs 25, and a sovereign’s value declined by Rs 200. As of the market’s close on Friday, the price of a gram of gold was recorded at Rs 5,365, and a sovereign was valued at Rs 42,920. Over a mere four-day period, gold prices within the state have collectively fallen by an impressive Rs 1,120.
In addition to gold, silver has also seen a slight decrease in value today, with the price of silver dropping by Rs 1 per gram, currently standing at Rs 76 per gram.