Gold prices in Kerala are on a record-breaking rally, surging past the ₹91,000 mark per sovereign for the first time. On Thursday, rates climbed by ₹160 per sovereign, bringing the price to an unprecedented ₹91,040, while the per-gram rate rose by ₹20, reaching ₹11,380. The latest jump follows Wednesday’s milestone when gold first breached the ₹90,000 barrier.
According to market experts, the sharp rise is driven by increased global demand for gold as a safe-haven investment, amid economic uncertainty in the United States. Expectations that the U.S. Federal Reserve may cut interest rates again have pushed international gold prices higher, directly influencing the Indian market.
Analysts say the volatility in the global bullion market continues to reflect in domestic prices, leading to an almost daily upward trend.
Remarkably, gold had crossed ₹80,000 just a month ago, on September 9, and has since seen a relentless surge — rising over ₹10,000 per sovereign within weeks. On Wednesday alone, prices jumped by ₹1,400 in two quick successions, underscoring the metal’s strong upward momentum.
With investors rushing toward gold as a shield against inflation and market instability, experts predict the precious metal may continue its golden run — keeping both traders and buyers watching the charts closely.
