In Thiruvananthapuram, the gold market has experienced an uptick today, marking a shift from the two-week decline it had been facing. The value of one sovereign (pavan) of gold has increased by Rs. 200, bringing the current market price to Rs. 42,200. This rise amounts to a total increase of Rs. 280 over the past two days. Despite ongoing economic fluctuations, the demand for gold in Kerala remains robust, driven by its cultural significance in weddings, festivals, and religious ceremonies.
The current market rates stand at Rs. 5,275 per gram for 22-carat gold and Rs. 4,358 per gram for 18-carat gold. Furthermore, silver prices have also seen an increase after a Rs. 5 decrease in the previous week. Presently, the market price for silver is Rs. 74 per gram, with hallmark silver maintaining a consistent price of Rs. 103 per gram.
Here’s a brief overview of gold prices over the last ten days:
- September 28: One pavan of gold witnessed a decrease of Rs. 480, with the market price at Rs. 43,120.
- September 29: The price of a sovereign of gold fell by Rs. 200, bringing the market price to Rs. 42,920.
- September 30: Gold prices saw a decline of Rs. 240 for one sovereign, resulting in a market price of Rs. 42,680.
- October 1: Gold prices remained stable at Rs. 42,680.
- October 2: The price of one sovereign of gold decreased by Rs. 120, with the market price at Rs. 42,560.
- October 3: A sovereign of gold witnessed a drop of Rs. 480, leading to a market price of Rs. 42,080.
- October 4: Gold prices remained unchanged at Rs. 42,080.
- October 5: The price of a sovereign of gold fell by Rs. 160, bringing the market price to Rs. 41,960.
- October 6: Gold prices saw an increase of Rs. 80 per sovereign (pavan), with the market price at Rs. 42,000.
- October 7: Gold prices surged by Rs. 200 per sovereign (pavan), resulting in a market price of Rs. 42,200.