Kochi: After days of decline, gold has regained its glitter in the Indian market. Prices surged sharply today, with a rise of ₹560 per sovereign (8 grams), pushing the rate to ₹89,160 per sovereign. On a per-gram basis, gold climbed by ₹70, reaching ₹11,145 per gram.
The rebound comes just a day after a steep ₹1,800 drop, which had pulled prices below the ₹90,000 mark. Over the last ten days, gold had fallen by nearly ₹9,000 per sovereign, before today’s strong comeback.
The lowest price this month was recorded on October 3 at ₹86,560, while the record high remains ₹97,360, hit on October 17.
Analysts say the recent uptick is driven by global economic uncertainties, especially in the United States, and fluctuations in the international bullion market. The ripple effects of these global trends have lifted domestic gold prices, signaling a possible upward trend in the coming days.
