Kochi: In a dazzling milestone for the bullion market, gold prices in Kerala have hit an all-time high, crossing the ₹90,000 mark per sovereign (8 grams) for the first time in history. On Tuesday, the yellow metal surged by ₹840 per sovereign, reaching a new peak of ₹90,320, while the price per gram climbed to ₹11,290, up by ₹105.
Experts say the record-breaking rally is fueled by a wave of investor confidence in gold as a safe-haven asset, amid growing global economic uncertainty. Persistent instability in the US economy and mounting expectations that the Federal Reserve may soon slash interest rates have pushed international gold prices higher — a trend that has directly influenced the Indian market.
Market analysts observe that gold prices have been breaking records almost daily since early September. Notably, the metal first breached the ₹80,000 mark on September 9, and within just one month, prices have soared by ₹10,000 per sovereign — one of the sharpest monthly jumps ever recorded.
With no signs of cooling in the global market, experts predict that the glittering rally in gold may continue in the coming weeks, keeping investors and jewelers on high alert.
