Kochi: Kerala’s gold market is glittering brighter than ever, with prices soaring close to the ₹90,000 mark per sovereign — the highest in the state’s history. On Tuesday, gold prices skyrocketed by ₹920 per sovereign (8 grams), pushing the new rate to ₹89,480. The price per gram now stands at ₹11,185, marking a sharp ₹2,500 rise within just a week.
Market analysts attribute the unprecedented surge to increased investor demand for gold as a safe haven, amid growing global economic uncertainty. Hopes that the U.S. Federal Reserve might slash interest rates have further fueled international gold prices, triggering a ripple effect in Indian markets.
Experts note that international price movements have a direct impact on Indian gold rates, which have been on a relentless upward climb.
Gold had crossed the ₹80,000 mark for the first time on September 9, and since then, prices have been smashing records almost daily — reflecting both investor confidence and market volatility.
With the festive season approaching, jewellers predict that the golden rally may continue, making gold not just a symbol of prosperity — but a premium asset in every sense.
