Kochi: Gold prices in Kerala have seen a significant spike, rising by over ₹1,000 in just three days. On Sunday, the price of one sovereign (8 grams) increased by ₹40, bringing the total to ₹74,360, while the per-gram rate rose by ₹5 to ₹9,295.
This rebound follows a recent decline after gold hit a record ₹75,000 per sovereign on July 23. Prices had dipped below ₹74,000 but began to climb again starting August 1, when rates stood at ₹73,200.
Experts attribute the latest surge to global market factors, including the United States raising tariffs on gold imports from India, as well as increased interest in gold as a stable investment during times of economic uncertainty.
With more investors viewing gold as a safe haven, analysts predict the upward trend may continue in the coming weeks.
