Gold price surged; Rs 25,160 for 1 sovereign

Wednesday 20 February 2019 11:49 am IST

Kochi: Gold price breaks the records. The price of gold per sovereign increased by Rs 240 and reached Rs 25,160. One gram gold today costs Rs 3,145. The increase in the gold price in the international market reflects in the domestic market. 

At the beginning of this month, gold was priced at Rs 24,720 and this rises to reach Rs 25,160.

The price of gold is mainly influenced by the national emergency declared in the United States and Britain's Brexit issues. The increase in oil price has also increased the demand for gold as a safe deposit. Demand has increased as the traders start buying gold before the wedding and the festival seasons.