Kerala Gold Prices Hit Monthly Low as Rates Fall Sharply

malayalam.oneindia.com (Malayalam) —

Gold prices in Kerala fell sharply on Monday, reaching their lowest level this month, with 22-carat gold dropping by 1,840 rupees per sovereign to 110,120 rupees. The decline is attributed to fears of US interest rate hikes, which strengthened the dollar index and pressured global markets. A gram of 22-carat gold fell 230 rupees to 13,765 rupees, while silver traded at 240 rupees per gram. Consumers are advised that booking in advance could secure lower prices if the trend continues. The global gold rate stood at 4,198 dollars per ounce, with crude oil rising to 106 dollars per barrel.


With a significance score of 0.9, this news ranks in the top 79% of today's 33247 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


Kerala Gold Prices Hit Monthly Low as Rates Fall Sharply | News Minimalist