Kochi: After a brief cooldown, gold prices in Kerala have bounced back, registering a sharp ₹400 surge per sovereign, bringing the price to ₹72,480 — nearly touching the ₹72,500 mark once again. The rate per gram also climbed by ₹50, now standing at ₹9,060.
The rebound comes after gold prices dropped over ₹3,000 in the last two weeks, followed by a steady recovery from the start of July. Despite a recent ₹800 fall over four days, gold has regained momentum, rising ₹1,500 in just a few sessions.
Earlier, on June 13, prices had shattered the previous all-time high of ₹74,320 set on April 22, briefly sparking speculation of a ₹75,000 rally. However, the market saw a quick correction.
The current uptick signals renewed volatility in the precious metal market, driven by a mix of global cues, investor sentiment, and market speculation — keeping both buyers and investors on alert.
