Kochi: After a brief dip, gold prices in Kerala are shining bright once again. The yellow metal surged by ₹1,520 per sovereign (pavan) on Monday, pushing the rate to ₹97,360 — inching closer to the ₹1 lakh milestone. On a per-gram basis, the price rose by ₹190, now standing at ₹12,170 per gram.
The rebound comes after two consecutive days of decline. On Sunday, prices had dropped by ₹120 to ₹95,840 per sovereign, following a steep ₹1,400 fall on Saturday. The lowest price this month was recorded on October 3 at ₹86,560, while today’s rate matches the month’s peak, last seen on October 17.
According to market analysts, the latest surge is driven by global economic instability, particularly in the U.S. economy, which has lifted gold’s appeal as a safe-haven asset. Experts note that movements in the international bullion market are quickly reflected in Indian prices — a trend evident in today’s sharp rise.
