Kerala witnessed a fresh gold rush on Sunday as prices skyrocketed to a historic high of ₹82,080 per sovereign (8 grams), after a sharp ₹640 single-day jump. The price per gram now stands at ₹10,260, up by ₹80.
Just days earlier, gold had already hit a record ₹81,600 on Friday, before dipping slightly on Saturday. Earlier this month, rates were as low as ₹77,640 per sovereign, but have since climbed steadily, mirroring global trends.
Analysts say the surge is driven by rising international gold prices, global uncertainties, and new US import duties on Indian goods. Investors are increasingly flocking to gold as a safe-haven asset, fueling unprecedented demand and pushing prices to all-time highs.
