Kochi: In a dramatic rebound, gold prices in Kerala surged by ₹1,760 per sovereign (8 grams) today, pushing the rate back above the ₹71,000 mark to ₹71,440. The price per gram also saw a significant jump of ₹220, reaching ₹8,710.
This sharp upswing follows a recent dip earlier this month, when gold dropped to ₹68,880 per sovereign, falling below ₹70,000 for the first time in weeks after a steep decline of ₹1,560. Since then, the market has shown signs of strong recovery.
Experts attribute the volatility to global cues such as stock market swings, and the cooling of US-China trade tensions. As a trusted safe-haven investment, gold has continued to attract buyers during times of uncertainty, although a brief revival in equity markets had temporarily pulled investors away.
With today’s rally, gold has once again cemented its status as a dynamic and resilient asset, reflecting the shifting tides of both local demand and international financial trends.
