Gold prices fall again in Kerala, down by Rs 200 per sovereign

THIRUVANANTHAPURAM: Gold prices have once again dropped in the state. The price of one sovereign (8 grams) of gold dropped by Rs 200, bringing it down to Rs 66,280. Over the last three days, the price has fallen by a total of Rs 2,200 per sovereign. As of today, the price of one gram of 22-carat gold is Rs 8,285, while 24-carat gold is priced at Rs 9,038 per gram. Yesterday, the price of one sovereign was Rs 66,480.

The decline in gold prices in Kerala follows a dip in the international market triggered by U.S. President Donald Trump’s tariff announcement. After reaching an all-time high of $3,166.99 per ounce, gold prices dropped to $3,018 yesterday. Excessive profit booking in gold investments also contributed to the price fall. Experts in the field suggest that the tariff announcement could cause a further decline in gold prices in the coming days.

On January 22, gold prices crossed the Rs 60,000 mark per sovereign for the first time in history. Meanwhile, predictions of a significant drop in gold prices had already emerged in recent days. John Mills, a market strategist at the American financial firm Morningstar, predicted that gold prices could decrease by up to 38%.

Gold prices in April:

April 1 – Gold price rose by Rs 680 per sovereign. Market price: Rs 68,080

April 2 – No change in price. Market price: Rs 68,080

April 3 – Gold price increased by Rs 400 per sovereign. Market price: Rs 68,480

April 4 – Gold price dropped by Rs 1,280 per sovereign. Market price: Rs 67,200

April 5 – Gold price fell by Rs 720 per sovereign. Market price: Rs 66,480

April 6 – Market price remained Rs 66,480 per sovereign

April 7 – Gold price dropped by Rs 200 per sovereign. Market price: Rs 66,280