Kochi: Gold prices continue their meteoric rise, shattering previous records and edging closer to the ₹63,500 mark. After breaching ₹63,000 per sovereign yesterday, prices climbed further by ₹200 today, reaching ₹63,440 per sovereign. The per-gram price also saw a ₹25 jump, now standing at ₹7,930.
The surge is driven by investors flocking to gold as a safe-haven asset following a stock market slump triggered by former U.S. President Donald Trump’s import tariff announcement. In just three days, gold prices have skyrocketed by ₹1,800.
Last month, on the 22nd, gold crossed the ₹60,000-per-sovereign milestone for the first time. Since the beginning of this month, prices have been on a relentless upward trajectory, recording an astonishing ₹6,000+ increase in just a month.
