Gold prices in Kerala have risen today (Nov 6) after dropping for consecutive days since the start of the month.
Thiruvananthapuram: The price of gold in the state have risen today (Nov 6) by Rs 80 for 8 grams. The market price of 22 carat one sovereign (8 grams) of gold is Rs 58,920.
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 followed by a drop of Rs 120 on November 5.
Gold prices dropped by Rs 800 in November and this was seen as a significant relief for the wedding market.
The price of one gram of 22-carat gold is Rs 7,365, while the price of one gram of 18-carat gold is Rs 6,070. There is no change 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
November 6: Gold price rises by Rs 80 per 8 grams taking the market price to Rs 58,920