Relief for gold buyers in Kerala; Big drop in prices recorded

THIRUVANANTHAPURAM: Gold prices in the state have dropped, giving a much-needed relief to buyers in the market. The price has fallen by Rs 30 per gram and Rs 240 per sovereign from yesterday's price. With this, the price of one sovereign of gold today is Rs 1,11,720.

The lowest rate this month was recorded on May 5. The market rate on May 5 was Rs 1,09,400 per sovereign. It is estimated that changes in the international market and the situation of conflict in West Asia have caused the fall in gold prices.

Gold price this month

May 1 - Rs 1,09,720

May 2 - Rs 1,10,680

May 3 - Rs 1,10,680

May 4 - Rs 1,10,680

May 5 - Rs 1,09,400

May 6 - Rs 1,11,560

May 7- Rs 1,11,800

May 8 - Rs 1,11,960

May 9 - Rs 1,11,720