Kerala gold rates hold steady amid global market influences

Gold prices in Kerala held steady on Monday, with one gram of 22-karat gold priced at Rs 13,675 and one sovereign at Rs 1,09,400. The stability in local rates reflects broader trends in the international market, where gold prices have seen recent fluctuations. Global uncertainty, particularly conflicts in West Asia and volatility in the US dollar, has been a key factor supporting gold prices internationally. The international gold price recently spiked to $4,162 per ounce before settling at $4,137.

Silver prices in Kerala also remained unchanged, with the market price at Rs 235 per gram and 10 grams trading at Rs 2,350. The state's gold and silver markets are closely tied to international movements, making global economic conditions a significant influence on local rates.