CURRENT AFFAIRS

Detailed explanation-1: -Kozhikode, Kerala, India (NewsVoir) Kerala becomes the first state in India to launch uniform gold price based on the bank rate.

Detailed explanation-2: -The Indian Bullion Jewellers Association or the IBJA as it is known plays a key role in determining day to day gold rates in the country.

Detailed explanation-3: -Today Gold rate in Kerala is ₹ 60, 600 per 10 grams for 24 Carat and ₹ 55, 550 for 22 Carat.

Detailed explanation-4: -Gold rate largely depends on the global market. Currency fluctuations are caused by various factors, including monetary policy, imports, inflation, etc. The gold rate increases when the US dollar strengthens against the Indian rupee. This is because India imports most of its gold and pays in dollars.