KOCHI: The price of gold in Kerala registered an upward movement today, halting recent fluctuations. The rate for a sovereign (8 grams) of 22-carat gold increased by ₹120, while the price per gram rose by ₹15.
Following the hike, the current trading price for a standard one-sovereign of gold stands at ₹90,320, and a single gram is priced at ₹11,290. The price of 18-carat gold also saw an increase, rising by ₹10 per gram to reach ₹9,280.
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Market Dynamics and International Trends
The domestic gold price continues to reflect global and stock market movements. This rise follows a period of extreme volatility:
Recent Highs & Dips: The price had jumped by a cumulative ₹1,320 per sovereign last Friday before dipping by ₹200 on Saturday.
International Recovery: On the international front, the price per ounce, which had dropped as low as $3,962, has now recovered to trade around the $4,014 level, influencing the domestic market.
Silver Price Also Climbs
The price of silver also registered an increase today. One gram of 916 hallmarked silver rose by ₹3 and is currently trading at ₹160.
