Prices of gold, silver soar like rocket, big rise in rate today

THIRUVANANTHAPURAM: There is a record increase in the price of gold in the state today. There was an increase of Rs 920 in one go. With this, the price of one sovereign of gold has reached Rs 83,840. The price per gram is Rs 10,480 after an increase of Rs 115. This is the highest gold rate recorded this year. The price of gold had increased by Rs 680 twice yesterday.

The rise in international gold prices and the record fall of rupee against dollar led to the jump in gold prices. The price of a sovereign of gold touched Rs 80,000 on September 9. The lowest gold rate recorded this month was on September 1. The price of a sovereign then was Rs 77,640 and the price per gram was Rs 9,705.

Today's price
The price of a gram of 22-carat gold is Rs 10,480 today. The price per gram of 18-carat gold is Rs 8,520. The price of one gram of 14-carat gold is Rs 6,700. The price of one gram of nine-carat gold is Rs 4,325. Silver prices also recorded a record increase today. It increased by Rs 4 per gram today. Today's market price is Rs 144.

India is the world's largest gold consumer. Tons of gold are imported into the country every year. Therefore, even small changes in the global market are basically reflected in the price of gold in India. If the price of gold falls in the international market, it does not necessarily mean that the price in India will fall. Factors such as the value of rupee, local demand and import duties play a major role in determining the price of gold in India.