Gold Prices Surge in Kerala: One Sovereign Crosses Rs 50,000 Mark

The cost of gold in Kerala has witnessed an unprecedented surge, with one sovereign now priced at over Rs 50,000, marking a historic milestone in the state’s economic landscape. This surge has resulted in a significant increase in the price of gold per gram, soaring from Rs 130 to Rs 6300. Analysts attribute this surge to fluctuations in the exchange rate of the dollar, which has contributed to the rising cost of gold in the state.

The soaring gold prices in Kerala are garnering attention from investors and economists alike, with many predicting further escalation in the near future. As gold continues to be a sought-after commodity for investment, the market dynamics are expected to drive prices even higher in the coming days. This surge in gold prices highlights the significance of monitoring global economic trends and their impact on local markets