Kochi: Gold prices in Kerala are witnessing a sharp rally once again, surging dramatically over the past two days and crossing the ₹1 lakh mark. After rising by ₹1,760 in multiple hikes yesterday, the price climbed further by ₹440 today, signalling renewed momentum in the bullion market.
The price of one sovereign (8 grams) of gold has now reached ₹1,01,800, while the per-gram rate increased by ₹55 to ₹12,725. In just two days, gold prices have recorded a total increase of ₹2,200, adding to concerns among buyers and jewellery traders alike.
Gold in Kerala first crossed the ₹1 lakh milestone on December 23, with prices continuing to fluctuate in the days that followed. The all-time high was registered on December 27, when the rate touched ₹1,04,440 per sovereign. Although prices later dipped below ₹1 lakh, the latest surge indicates a renewed upward trend.
Experts attribute the rise to global market uncertainties, including geopolitical developments such as US military actions in Venezuela. With increasing volatility in international markets, investors are once again turning to gold as a safe-haven asset, pushing prices higher both globally and in Kerala.
