Gold prices in Kerala have slipped sharply, dropping ₹800 over the past two days as market fluctuations and shifting investor sentiments take their toll. On Thursday, the price of one sovereign (8 grams) fell by ₹320, bringing the rate down to ₹71,160, with the per-gram price now at ₹8,895. This downturn comes after a recent surge that had pushed gold past ₹71,000, following a steep dip to ₹68,880 on May 15. The price had climbed nearly ₹3,000 in just a week, sparking expectations of a break above ₹72,000 — but those hopes have been dashed amid fresh uncertainty. Experts attribute the price swings to renewed activity in the stock market, easing US-China trade tensions, and a shift away from gold as a safe-haven investment. Analysts are urging investors to tread carefully as the yellow metal navigates a volatile path.
