Kerala Gold Rate November 7 2024: Price of 8 gram gold DROPS below Rs 58,000; check details
Gold prices in Kerala have dropped today (Nov 7) after slight rise of Rs 80 per 8 grams yesterday.
 )
FollowThiruvananthapuram: The price of gold in the state has dropped significantly today (Nov 7) by Rs 1320 for 8 grams. The market price of 22 carat one sovereign (8 grams) of gold is Rs 57,600.
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. There was a slight increase of Rs 80 per 8 grams on November 6.
International gold prices plummeted by $80 to reach $1,660. Meanwhile, the Indian Rupee has hit an all-time low, weakening to 84.32 against the US Dollar.
The price of one gram of 22-carat gold is Rs 7,200, while the price of one gram of 18-carat gold is Rs 5,930. Silver is being sold at Rs 99 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
November 7: Gold prices drops by Rs 1320 per 8 grams. One of the largest drops in gold prices take the market price to Rs 57,600
subscribe to Asianet Newsable WhatsApp channel by clicking here.For more reliable and latest news
subscribe to Asianet Newsable Telegram channel by clicking here.
