Gold Prices Continue to Decline in Kerala Amid Global Economic Shifts Kerala witnessed a sustained drop in gold prices for the second consecutive day, influenced by global economic trends and shifting market dynamics. The decline follows a pattern of reduced demand for gold as investors pivot toward safer assets amid rising interest rates and currency fluctuations. Central banks' stringent monetary policies and the strengthening of the dollar have further pressured gold prices, which are often seen as a hedge against inflation. As of the latest update, the price of 22-karat gold fell to ₹14,510 per gram, marking a decline of ₹45 from the previous day's rate of ₹14,565. This translates to a significant drop of ₹440 per pawn (31.1 grams) over two days, with the current pawn price standing at ₹116,080. The decline is particularly notable for its impact on the jewelry sector, where 22-karat gold is predominantly used. Analysts attribute the drop to a combination of factors, including the global economic slowdown, higher bond yields, and the reduced appeal of gold as a safe-haven asset. The decline in gold prices is not limited to 22-karat gold. Prices for other karats also saw similar trends. For instance, 18-karat gold, commonly used in diamond jewelry, dropped to ₹11,920 per gram, a decrease of ₹45 from the previous day's rate of ₹11,965. Similarly, 14-karat gold, which is often used for affordable jewelry, fell to ₹9,285 per gram, while 9-karat gold, the least pure form, dropped to ₹5,985 per gram. These adjustments reflect broader market movements and the shifting preferences of consumers and investors. Silver prices, in contrast, remained stable, with the price of one gram of silver hovering at ₹280.#kerala #gold_prices #central_banks #karan_22_karat #jewelry_sector
