Kerala Gold Rate November 5 2024: Gold price of 8 gram DROPS; check details
Synopsis
Gold prices in Kerala dropped today (Nov 5) by Rs 120 per 8 grams, bringing relief to the wedding market.
Thiruvananthapuram: The price of gold in the state dropped today (Nov 5) by Rs 120 for 8 grams. The market price of 22 carat one sovereign (8 grams) of gold is Rs 58,840.
The gold prices started decreasing from November 1 with a significant drop of Rs 560. On November 2, it dropped further by Rs 120 per 8 grams and the price remained the same for the next couple of days.
It is indicated that large investors have started taking profits at elevated prices, which has led to a decline in market prices. There are expectations that gold prices may continue to drop in the coming days. This reduction in prices is seen as a significant relief for the wedding market.
The price of one gram of 22-carat gold is Rs 7,355, while the price of one gram of 18-carat gold is Rs 6,065. There is a drop of Re 1 in the price of silver, which is being sold at Rs 102 per gram.
Here’s a summary of the gold price changes in November:
November 1: Gold price drops by Rs 560 with the market dropping to Rs 59,080 for one sovereing
November 2: Gold price drops further by Rs 120 with the market prices at Rs 58,960 for 8 grams
November 3: No change
November 4: No change
November 5: Price drop of Rs 120 per 8 gram of gold as the market price reaches Rs 58,840
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.