Kochi: Gold prices declined by Rs 320 to reach Rs 22,000 per sovereign. The price of gold per gram stood at Rs 2,750.

This is the lowest price for the metal in November. The highest price recorded in the month so far was Rs 23,480 on November 9.

The price fell Rs 1,480 in 15 days. The reason behind the price fall is thought to be the decline in demand in the backdrop of the demonetisation scheme.