Gold prices in Kerala rose on Wednesday, May 20, amid volatility in international bullion markets, elevated crude oil prices and ongoing geopolitical tensions linked to the Iran conflict.
According to the latest rates, 24 karat gold in Kerala was priced at Rs 15,835 per gram, while 22 karat gold stood at Rs 14,515 per gram. The 18 karat gold rate in Kerala was recorded at Rs 11,876 per gram.
Domestic gold prices witnessed gains despite weakness in international gold futures during early European trading. Analysts said a stronger US dollar and rising Treasury yields have pressured global bullion prices, while inflation concerns tied to higher oil prices continue to keep bullion markets volatile.
Investors are also awaiting the release of the US Federal Reserve meeting minutes later on Wednesday for further guidance on the interest rate outlook.
Gold rate today in Kerala
| Gold Type | Price Today |
|---|---|
| 24K Gold per gram | Rs 15,835 |
| 22K Gold per gram | Rs 14,515 |
| 18K Gold per gram | Rs 11,876 |
22K gold price in Kerala today
| Quantity | Today Price |
|---|---|
| 1 gram | Rs 14,515 |
| 8 gram | Rs 1,16,120 |
| 10 gram | Rs 1,45,150 |
| 100 gram | Rs 14,51,500 |
What is driving gold prices today
Gold prices continue to react to developments in global crude oil markets, bond yields, inflation expectations and geopolitical tensions.
Higher oil prices linked to the ongoing Iran conflict have increased concerns over inflation and economic uncertainty globally. At the same time, rising US Treasury yields have impacted sentiment across precious metal markets.
Analysts said gold prices may remain volatile in the near term as investors track Federal Reserve commentary, global energy prices and geopolitical developments.
Disclaimer: Gold prices mentioned above are indicative and may vary across jewellers due to local taxes, making charges and transportation costs.