Gold price to hit Rs 1 lakh? surprising change happened today; people waiting should not miss this

THIRUVANANTHAPURAM: There was an increase in the price of gold in the state today. The price of a sovereign today is Rs 75,040 after a rise of Rs 80. The highest gold rate in August was recorded today. The price of a gram is Rs 9380 after an increase of Rs 10 per gram. A sovereign of gold increased by Rs 600 yesterday. There have been major changes in gold prices since the beginning of this month. The lowest gold rate of this month was recorded on August 1. The price of a sovereign then was Rs 73,200.

As uncertainties in the global economic sector intensify, leading financial analyst Fidelity had predicted that the price of gold in the international market would exceed $4,000 per ounce (28.35 grams). It is estimated that the price of gold will rise as the dollar weakens in view of the crisis in the US labor sector and rising inflation.

Over the weekend, the price of gold in the international market rose to $3,362 per ounce (28.35 grams). If the international market reaches $4,000 per ounce and there is no significant change in the value of the rupee, it is estimated that gold in India will be priced at Rs 11,250 per gram and Rs 90,000 per pound. Another agency, Goldman Sachs, had earlier predicted that the price of gold will be $4,000 per ounce by the middle of next year.

There has also been an increase in the price of silver in the state. Today, it is Rs 126 per gram and Rs 1,26,000 per kilogram. The price of one gram of silver was Rs 125 the previous day. The price of silver in Kerala 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.