Gold prices soared for a week to new heights. Gold prices hit Rs 40,000 per sovereign. Today, the price of a sovereign rose by Rs 280 to Rs 40,000. 35 per gram to Rs. Gold prices have been rising steadily for the past few days. Sovereign had gained Rs 320 to Rs 39,720 yesterday.
The price of a troy ounce (31.1 grams) of pure gold has stabilized in the international market. The stock is trading at $ 1,958.99. Investors’ confidence in gold as a safe haven in the wake of the global financial crisis following the Kovid expansion has weighed on prices.
Kerala also reflects the increase in prices in the international market. In the national market, gold rose to 53,216 per 10 grams. Silver also rose. 865 per kg to Rs. 63,355. Gold prices have risen by Rs 2,200 in a week.