Kochi – Gold prices in Kerala have witnessed a sharp decline over the past three days, with rates falling by a total of ₹1,300 per sovereign. On June 25, prices dropped another ₹200, bringing the rate to ₹72,560 per sovereign, while the price per gram fell to ₹9,070, down by ₹25.
The sharpest plunge came a day earlier, with a ₹1,080 drop, pushing gold rates below the ₹73,000 mark—a significant reversal from recent highs.
Just weeks ago, on June 13, gold had surged past its April 22 record of ₹74,320 per sovereign, with signs it could even cross ₹75,000. But that bullish trend has reversed sharply, with analysts attributing the dip to easing geopolitical tensions, particularly between Iran and Israel, reducing global demand for safe-haven assets like gold.
Despite the correction, experts say gold remains at historically high levels, driven by long-term investor interest amid global uncertainty. However, they advise buyers and investors to stay alert to international events, as these will continue to shape the price trajectory in the coming weeks.
With volatility on the rise, the glitter of gold is once again reflecting the pulse of global affairs.
