UPDATE AT 02.30 PM
In the afternoon, the trend changed with gold prices falling by Rs 255 per gram in the morning. The revised gold price in the state has increased by Rs 110 to Rs 12,955 per gram. Pawan price increased by Rs 880 to Rs 1,03,640. Kerala Gold and Silver Merchants Association (KGSMA) State General Secretary S. Abdul Nasser Manorama told Online that the increase is due to the change in the gold price in the international market and the exchange rate of the Indian rupee against the dollar. When the price was fixed in Kerala in the morning, the price was 3967 dollars per ounce in the international market. But by mid-afternoon, it had risen to $4,017 an ounce.
According to the All Kerala Gold and Silver Merchants Association (AKGSMA), 18-carat gold prices rose by Rs 90 to Rs 10,700 per gram in the afternoon. But the Kerala Gold and Silver Merchants Association (KGSMA) increased the price by Rs 90 to Rs 10,650 per gram. Silver prices remain unchanged. It is sold at Rs 235 per gram. According to the revised price, the cost of buying a Pawan gold jewelery in Kerala is Rs 1,17,400.
UPDATE AT 10.00 AM
Lightning fall in gold prices today; 2040’s decline at once
Gold prices plunged once again despite the excitement of jewelery lovers and investors’ minds. In the state, it fell by Rs 255 to Rs 12,845 per gram. Pawn prices fell by Rs 2,040 to Rs 1,02,760. In the international market, the price of gold has fallen by four percent and the price has changed in Kerala too. If the current trend continues, the price of gold in Kerala may fall below one lakh rupees. A reduction of Rs 345 per gram is the distance to Pavan’s one lakh. Before this, on March 23, 2026, the price of gold reached below one lakh rupees. But he went back on the same day.
The dollar index, which measures the exchange rate of the US dollar against six major currencies, remains above 101. This is at a one-year high. A rise in the dollar index has increased the cost of buying gold in other currencies. Reduced demand. Also, reports that the US Federal Reserve may raise interest rates are also weighing on gold prices. Some investors believe that the interest rate may be raised up to three times this time. The first rate hike will be in September itself. If the base interest rate rises, investors will pull out of assets such as gold and into high-yielding US bonds. This is a move that affects gold demand.
Gold closed yesterday at $4000.40 per ounce in the international market. It fell to $3959 today but then recovered. Gold is currently at $3995. Although there is pressure on the price of gold, if the investors do ‘deep buying’ taking advantage of the price drop, the price will rise again. If not, analysts say that there is a possibility of falling to 3500 dollars. Many financial institutions have revised their forecasts that the price will reach $6,000 per ounce by the end of this year.
18 carat gold, used for making thin gold jewellery, fell by Rs 210 to Rs 10,610 per gram. Some jewelers in the state are selling 18 carat gold at Rs 10,560 per gram. Silver prices fell by Rs 10 to Rs 235 per gram. 1,16,480 rupees is enough to buy a Pavan gold jewelery in Kerala at the revised price plus ten percent commission and taxes.
In the last 10 days, the reduction in the price of Pavan in the state is Rs 8360. If the same trend continues in the next few days, the price will reach its lowest level in less days.
(Disclaimer: This article is not a recommendation or advice to buy or sell stocks/debentures/mutual funds/cryptocurrency/IPO/gold etc. Investments in stocks/debentures/mutual funds etc. are subject to market risks. Before investing you should do your own research or seek expert advice)
Disclaimer: The image used with this news is not of Malayalam Manorama. This is taken from shutterstock/stockwars. This image is used to make this news more clear and comprehensive.
