THIRUVANANTHAPURAM: It could be a good day to invest in gold as the price of the yellow metal fell by Rs 280 per sovereign. The price of one sovereign gold is Rs 53,000 on April 25. The price of one gram of gold is Rs 6,660. Last day, the price of one sovereign gold was Rs 53,280.

The highest price of gold was recorded on April 19. The price of one sovereign gold was Rs 54,520 then. The lowest rate was recorded on April 2. The price of one sovereign gold was Rs 50,680 then. The price of one gram of silver is Rs 86.50 and the price of one kilogram of silver is Rs 86,300.

The decline in gold prices is due to reports that West Asia is moving towards peace and the prospect of a US interest rate cut is dim and negative. In the international market, the price of gold fell to $2,310 per ounce. Last week, the price rose as high as $2,420. The price of one sovreign of gold may fall below Rs 50,000 in the coming days, barring any unusual events.

Gold price in April

April 25 ₹53,000

April 24 ₹53,280

April 23 ₹52,920

April 22 ₹54,040

April 21 ₹54,440

April 20 ₹54,440

April 19 ₹54,520

April 18 ₹54,120

April 17 ₹54,360

April 16 ₹54,360

April 15 ₹53,640

April 14 ₹53,200

April 13 ₹53,200

April 12 ₹53,760

April 11 ₹52,960

April 10 ₹52,880

Apr 09 ₹52,800

Apr 08 ₹52,520

Apr 07 ₹52,280

Apr 06 ₹52,280

April 05 ₹ 51,320

Apr 04 ₹51,680

April 03 ₹51,280

April 02 ₹50,680

April 01 ₹50,880