Gold Prices Hit Record Highs in Kerala and Global Markets

Gold Prices Hit Record Highs in Kerala and Global Markets

New Delhi: Gold prices have surged to record levels in India and across the globe, driven by geopolitical tensions, a weakening U.S. dollar, and expectations of upcoming interest rate cuts by the Federal Reserve.

In Kerala, 22-carat gold is trading at ₹9,705 per gram, an increase of ₹85 compared to the previous day. This brings the cost of 8 grams to ₹77,640 and 10 grams to ₹97,050. The 24-carat gold rate stands at ₹10,589 per gram, while 18-carat gold is priced at ₹7,942 per gram. The increase has been attributed to rising festive demand and volatility in international markets.

Globally, gold prices have reached an all-time high of $3,508 per ounce. Investors are flocking to gold as a safe-haven asset amid economic uncertainties. In Dubai, 24-carat gold is priced at AED 4,188 per 10 grams, reflecting a similar upward trend in Middle Eastern markets.

Market analysts predict that gold prices may continue to rise, potentially reaching $4,000 per ounce in the coming months if geopolitical tensions persist and the Federal Reserve proceeds with rate cuts. Investors are advised to monitor global developments closely, as gold continues to show strong demand amid uncertain economic conditions.


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