Gold prices have dropped today (Nov 28) after a slight increase yesterday, with the price of 8 grams of gold still below Rs 57,000.

Thiruvananthapuram: Gold prices in Kerala saw a decline today, dropping by Rs 80 per sovereign (8 grams). The current price of one sovereign of gold is Rs 56,720. This decrease follows a slight increase yesterday, which came after a significant drop earlier in the week.

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Earlier this week, gold prices fell sharply by around Rs 1,760, largely due to reports of an agreement between Israel and Lebanon to end the Israel-Hezbollah conflict. On Monday and Tuesday, the price of gold dropped by approximately Rs 1,760.

Currently, the price of 22carat gold is Rs 7,090 per gram, while 18carat gold is priced at Rs 5,860 per gram. Meanwhile, silver prices have remained stable, with hallmarked silver priced at Rs 96 per gram.

November gold price overview:

 November 1: Price dropped by Rs 560. Market price: Rs 59,080
 November 2: Price dropped by Rs 120. Market price: Rs 58,960
 November 3: Price unchanged. Market price: Rs 58,960
 November 4: Price unchanged. Market price: Rs 58,960
 November 5: Price dropped by Rs 120. Market price: Rs 58,840
 November 6: Price increased by Rs 80. Market price: Rs 58,920
 November 7: Price dropped by Rs 1,320. Market price: Rs 57,600
 November 8: Price increased by Rs 680. Market price: Rs 58,280
 November 9: Price dropped by Rs 80. Market price: Rs 58,200
 November 10: Price remained unchanged. Market price: Rs 58,200
 November 11: Price dropped by Rs 440. Market price: Rs 57,760
 November 12: Price dropped by Rs 1,080. Market price: Rs 56,680
 November 13: Price dropped by Rs 320. Market price: Rs 56,360
 November 14: Price dropped by Rs 880. Market price: Rs 55,480
 November 15: Price increased by Rs 80. Market price: Rs 55,560
 November 16: Price dropped by Rs 80. Market price: Rs 55,480
 November 18: Price increased. Market price: Rs 55,920
 November 19: Price increased by Rs 480. Market price: Rs 56,520
 November 20: Price increased by Rs 400. Market price: Rs 56,920
 November 21: Price increased by Rs 240. Market price: Rs 57,160
 November 22: Price increased by Rs 640. Market price: Rs 57,800
 November 23: Price increased by Rs 600. Market price: Rs 58,400
 November 24: Price unchanged. Market price: Rs 58,400
 November 25: Price dropped by Rs 800. Market price: Rs 57,600
 November 26: Price dropped by Rs 960. Market price: Rs 56,640
 November 27: Price increased by Rs 200. Market price: Rs 56,840
 November 28: Price dropped by Rs 80. Market price: Rs 56,720