Gold prices in Kerala remain resilient above the ₹73,500 mark, even as a slight dip of ₹40 per sovereign was recorded today. The new rate stands at ₹73,840 per sovereign, with the price per gram easing by ₹5 to ₹9,230.
This minor drop comes after weeks of price turbulence and follows a historic surge earlier this month when gold surpassed its previous record of ₹74,320 (set on April 22) and was poised to breach the ₹75,000 threshold. However, the rally has since seen ups and downs, with market sentiment swinging due to global uncertainties.
Analysts link the volatility to escalating geopolitical tensions—particularly the Iran-Israel conflict—which have prompted investors to turn to gold as a safe-haven asset. This heightened demand has kept gold prices elevated despite brief pullbacks.
Experts believe that with continued global instability and investor appetite for low-risk assets, gold will likely maintain its stronghold, keeping prices high in the foreseeable future.
