Kochi: Gold prices in the state continue their record-breaking surge. With a $640 increase per sovereign today, the price of gold has crossed the $78,000 mark for the first time. The current price for one sovereign of gold is $78,440. The price per gram has also risen by $80, bringing it to $9,805.
On the 8th of last month, the price of gold was $75,760. By the 20th, it had dropped by $2,300, but has been steadily climbing since. On the 20th, gold was priced at $73,440. In just two weeks, the price has increased by $5,000.
Several factors are influencing the price of gold, including the United States imposing a 50% tariff on products imported from India. Due to the new Trump policies, the Indian stock market is in decline. As a result, more people are turning to gold as a safe investment, which has caused the price of gold to rise.
