THIRUVANANTHAPURAM: There is relief in the price of gold in the state today. The price of gold has reduced by Rs 160 for a sovereign taking to Rs 70,040. One gram of 22-carat gold is priced at Rs 8,755 and one gram of 24-carat gold is priced at Rs 9,551. The price of gold hit a record low yesterday. The gold price fell by Rs 1,640 taking to Rs 70,200. One gram of 22-carat gold was priced at Rs 8,775 and one gram of 24-carat gold was priced at Rs 9,573. There was a drop of Rs 1800 in two days. Since the beginning of this month, the price of gold has been giving good hope to jewelry lovers.

The price of gold crossed 70,000 for the first time on April 12th. India is the world's largest gold consumer. Tons of gold are imported into the country every year. Therefore, even small movements in the global market will basically be reflected in the price of gold in India.

Today, there has been an increase in the price of silver in the state. The price of one gram of silver is Rs 109 and the price of one kilogram of silver is Rs 109,000. Yesterday, the price of one gram of silver was Rs 107 and the price of one kilogram of silver was Rs 107,000. The price of silver in India is determined according to the international market. The fluctuations in the value of the rupee compared to the dollar will also affect the price of silver.