After shattering multiple records in recent weeks, gold prices in Kerala showed no change today, remaining firmly above the ₹1.18 lakh mark. One sovereign of gold is priced at ₹1,18,760, while the per-gram rate stands at ₹14,845. With making charges and taxes added, the final cost for buyers is significantly higher.
Gold touched a fresh peak yesterday after surging by ₹1,800 in morning trade, before easing by ₹560 per sovereign later in the day. The all-time high of ₹1,19,320 per sovereign was recorded during this rally.
The precious metal crossed the ₹1 lakh milestone in Kerala for the first time on December 23, underscoring the sharp upward trend seen in recent months. Analysts point out that fluctuations in the international market continue to strongly influence gold prices in the state.
Global uncertainty remains the key driver behind the surge. Market instability has been intensified by geopolitical tensions, including US President Donald Trump’s warning of higher tariffs on goods from European countries opposing US views on Greenland, and reports suggesting the United States is considering military action against Iran.
Against this backdrop of global volatility, investors are increasingly turning to gold as a safe-haven asset, keeping prices elevated even as short-term fluctuations persist.
