Kochi: The gold price today is Rs 3580 for a gram and Rs 28640 for a sovereign at a time when Onam celebration is approaching in Kerala. The international price was $ 1545 per troy ounce, and the rupee has weakened by more than 72 rupees.
The rise in gold prices is mainly due to the weakening of the dollar against international movements and the weakening of the rupee on account of internal problems. If this is the case, the gold price is expected to cross $ 1600.
With the beginning of the wedding season in Kerala, festive glitter brightens India’s gold demand.