Rise in gold price pinches common man’s pocket, know your rate today

THIRUVANANTHAPURAM: The price of gold in the state has increased again, which is a great concern for the ordinary people. The price of a sovereign of gold is Rs 63,440 after an increase of Rs 200 today. One gram of 22-carat gold is Rs 7930 and one gram of 24-carat gold is Rs 8651. In the last two days, one sovereign of gold has increased by Rs 1600 in the state. The price of one sovereign of gold yesterday was Rs 63240. The lowest gold rate was recorded on February 3. The price of one sovereign of gold was Rs 61,640.

The price of one sovereign of gold has increased by Rs 6040 since January 1. The uncertainty in the global economic sector after Donald Trump took office as the US President led to an increase in investment in gold, a safe haven. It is also assessed that Trump's policies that are exacerbating price hikes will cause a global recession. The depreciation of the rupee has also caused a surge in gold prices. The increase in the amount of gold in foreign exchange reserves by various central banks has also been beneficial.

Price of silver today
There has been no change in the price of silver in the state today. The price of one gram of silver is Rs 107 and the price of one kilogram of silver is Rs 107,000. The price of silver in India is determined according to the international market. The fluctuations in the value of the rupee compared to the dollar will also affect the price of silver.