Kochi: Kerala’s gold market is on fire, with prices racing towards the historic ₹80,000 mark per sovereign. After a brief dip in the morning, rates skyrocketed by afternoon, setting a new all-time high and reinforcing gold’s position as the ultimate safe-haven investment.
Gold opened the day at ₹79,480 per sovereign following a small decline of ₹80. But by afternoon, it stormed past Saturday’s record, jumping ₹400 in one go to hit ₹79,880 per sovereign. On a per-gram basis, the price climbed ₹50, now standing at ₹9,985—just shy of ₹10,000.
The surge follows weeks of steady gains. From ₹75,760 on August 8, gold slipped briefly before bouncing back, crossing ₹77,640 in early September and continuing its relentless climb towards the 80K milestone.
Experts attribute the rally to global headwinds, including the US imposing a 50% tariff on Indian imports and the resulting slump in Indian stock markets. As uncertainty rises, more investors are flocking to gold, fueling its upward march.
