Kochi: Gold prices in Kerala have taken an unexpected turn after days of steady gains, surprising both investors and jewellery buyers. Pawan gold slipped by Rs 1,400, settling at Rs 95,960, while per-gram rates fell to Rs 11,995, down by Rs 175. The drop comes on the heels of a remarkable weekly increase of Rs 5,640, when Pawan had reached a peak of Rs 97,360.
For those looking to pawn gold, the current rates mean that a single pawn with a 10 percent processing fee would cost around Rs 1,08,772, with the processing fee alone amounting to Rs 9,596. Gold jewellery prices also factor in hallmarking charges of Rs 53 (Rs 45 plus 18 percent GST) along with a 3 percent GST, adding to the overall cost for buyers.
Analysts point to falling international gold prices as the primary reason behind