Gold regains strength, increases by more than Rs 1000; prices soar

THIRUVANANTHAPURAM: After five consecutive days of decline, the price of gold has increased in the state today. The price of the yellow metal increased by Rs 135 per gram to Rs 14,040. The price increased by Rs 1080 per sovereign to Rs 1,12,320. 24-carat gold increased by Rs 147 per gram to Rs 15,316. The price of a sovereign today is Rs 1,22,528. There has been a decline of Rs 3,000 in the last five days.

The increase in the strength of the dollar and the uncertainty in the international market are changing the price of gold. This has reduced the number of gold investors. The Iran-Israel conflict has caused the price of gold to fall in recent days. With the ceasefire announced by Trump's intervention, the price of gold increased today. In the present situation, the future of gold prices will depend on developments in the West Asia. If the war ends, the price of gold will rise with greater force. Experts say that if the conflicts continue, the price of gold will drop to less than Rs one lakh per sovereign.