Thiruvananthapuram: Gold prices are rising rapidly in state. The price of a gram increased by Rs 30 to Rs 3245 per gram. Moreover, with a price hike of Rs 240 for a sovereign, the price went up to Rs. On July 19, the state recorded a record-breaking price. The price of a gram of gold was at Rs 3,265 and Rs 26,120 for a sovereign.
Gold prices rise in the global market today. In international markets, gold is currently trading at $ 1,426.33 per troy ounce (31.1 grams). Gold increased by $ 1.23. There are signs that the US Federal Reserve will cut interest rates later this month. Interest is expected to be reduced by a quarter.