Kochi: Gold prices in Kerala have spiked once more, with the rate of one sovereign (8 grams) climbing by ₹200 to reach ₹71,360. The price of a single gram now stands at ₹8,920 after a ₹25 increase, edging closer to the ₹9,000 mark.
This rise continues the recent trend of price volatility, with rates oscillating between ₹71,000 and ₹72,000 in the past week. On May 15, gold had dipped to ₹68,880, but quickly bounced back above ₹71,000, underlining the market’s unpredictable nature.
Market analysts cite global economic cues such as fluctuating stock markets and cooling tensions in the US-China trade scenario as key drivers behind the surge. Gold has remained a preferred safe-haven investment in recent months, pushing prices up. However, as equity markets regain momentum, some investors are shifting back to stocks — a move that could influence future gold trends.
