Unexpected! Sharp fall in price of gold; golden chance for buyers

THIRUVANANTHAPURAM: There is a sharp fall in the price of the yellow metal. The price of 22 carat gold has fallen by Rs 180 per gram. The market price of a gram gold is Rs 14,820. With this, the price of a sovereign of gold of 22 carat is Rs 1,18,560 today. There is a drop of Rs 1440 per sovereign.

The price of one sovereign of gold was Rs 1,20,000 for the last two days. The lowest price of gold this month was on March 6. The price of a sovereign then was Rs 1,18,160. Here are the changes in the price of gold on other days of this month.

March 1 - Rs 1,26,920
March 2 - Rs 1,24, 520 (morning), Rs 1,25,040 (evening)
March 3 - Rs 1,24,680 (morning), Rs 1,22,920 (evening)
March 4 - Rs 1,20, 640
March 5 - Rs 1,19,920 (morning), Rs 1,19,440 (evening)
March 6 - Rs 1,18,880 (morning), Rs 1,18,160 (evening)
March 7 - Rs 1, 20,000
March 8 - Rs 1, 20,000
March 9 - Rs 1,18,560

Meantime, the price of silver in the state remains unchanged. The price of one gram of silver is Rs 280 today. The price of ten grams of silver is Rs 2,800.