Kochi: Gold price fell by Rs 160 for a sovereign and is the lowest in the month of November at Rs 22,240 . A gram of gold is at Rs 2780.
Gold price rose to Rs 23,480 on November 9, the highest in the month and registered a drastic fall by about Rs 1240.
On November 8, gold traded at Rs 22,880 and was witnessing an increase in the coming days to touch Rs 23,480. Gold traded at this rate for the past 9 days and today had a drastic fall.
The fall in prices comes after the demonetization move and also in the decrease in demand.