Gold prices have reached unprecedented levels across Kerala, India, and global markets, driven by safe-haven demand, economic uncertainty, and expectations of U.S. Federal Reserve interest rate cuts.

In Kerala, the price of 22-carat gold hit a record ₹11,185 per gram, reflecting a sharp rise over the past week. This surge has made gold purchases increasingly expensive for local buyers, with demand remaining strong despite high prices.

Across India, gold prices have also soared, with 24-carat gold trading at ₹12,202 per gram and 22-carat gold at ₹11,185 per gram. The nationwide upward trend has been fueled by a combination of domestic demand, central bank buying, and a weakening rupee.

Globally, gold nearly touched $4,000 per ounce, with spot gold trading at $3,974.85 on October 7. U.S.

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