Kochi – Gold prices in Kerala witnessed a sharp rise today, reversing a recent downward trend. The price of one sovereign (8 grams) increased by ₹480, while the price per gram rose by ₹60.
Gold, which was trading at ₹9,150 per gram and ₹73,200 per sovereign yesterday, is now priced at ₹9,210 per gram and ₹73,680 per sovereign.
Yesterday’s rate was the lowest since July 18. Over the past five days, gold prices had dipped by ₹1,840 per sovereign and ₹235 per gram. Today’s rise signals renewed momentum in the market.
The all-time high was recorded on July 23, when the price per sovereign reached ₹75,040. Experts say the fresh surge in gold rates is driven by global uncertainties, particularly surrounding the future of U.S. interest rate policies. These economic factors continue to influence investor behavior and global commodity prices.
