Gold is priced at $2,561 per ounce on global markets, while in Kerala, jewellery gold prices have dropped by Rs 880, now standing at Rs 55,480 per 10 grams

On a technical front, momentum indicators point to a negative trend, with the Nifty remaining below its short-term and medium-term moving averages.

Though the markets are in correction mode, analysts feel there's no threat to long-term economic growth.

Gold prices on the international market stood at $2,610 per ounce, where in Kerala, the price of jewellery gold fell by Rs 320 to Rs 56,360 per pawan.

From a technical perspective, momentum indicators point to a negative trend, with the Nifty trading below its short-term and medium-term moving averages.

A market correction looms as foreign signals turn negative, inflation exceeds limits, interest rate cuts are delayed, and the rupee continues to depreciate.

In global markets, gold prices dropped to $2,617, where in Kerala, the price of jewellery gold fell by Rs 1,080, bringing it down to Rs 56,680.

On the technical front, momentum indicators signal a neutral trend, with the Nifty trading below its  short-term and medium-term moving averages.

Excitement in the US markets contrasts with uncertainty in India, as retail inflation nears 7%, company profits decline, crude and gold prices fall, while cryptocurrencies boom.

In global markets, gold prices fell to $2,670 per ounce, while in Kerala, the price of gold jewellery dropped by Rs 440 to Rs 57,760.