Kochi: In a surprising reversal, gold prices in Kerala have continued to fall for the third straight day, marking a sharp ₹1,500 decline in just 72 hours. On Saturday alone, the price dipped by ₹80 per sovereign, bringing the new rate down to ₹71,560. The per gram rate has also dropped proportionally, now standing at ₹8,945.
This comes just days after gold appeared set to break all-time highs, briefly crossing the ₹73,000 mark per sovereign. However, Saturday saw a steep ₹1,200 plunge in a single day, with prices sliding below the ₹72,000 threshold. The decline persisted into the following two days.
Market analysts point to a mix of global and domestic factors behind the dip — including the rally in stock markets, recent policy moves by the Reserve Bank of India (RBI), and shifts in the international gold trade.
With gold prices on a downward trajectory, buyers and investors alike are watching closely to see whether the trend will continue or rebound in the coming days.
