Kochi: Gold prices are on the rise once again in Kerala, crossing the ₹1.14 lakh mark per sovereign, adding fresh pressure on buyers and investors alike. With a jump of ₹160 today, the price of gold now stands at ₹1,14,080 per sovereign (8 grams).
On the gram scale, prices have climbed by ₹20, pushing the rate to ₹14,260 per gram—continuing the upward trend seen in recent days.
Market analysts point to global geopolitical developments as the driving force behind the surge. Renewed optimism over potential peace talks between the United States and Iran has influenced international markets. While this eased crude oil prices, it also triggered fluctuations that pushed gold prices higher.
The volatile situation in West Asia remains a key factor shaping gold trends, as shifts in oil prices continue to ripple through the bullion market.
Despite the current surge, gold remains below its all-time high of ₹1,31,160 per sovereign, recorded on January 29. Notably, the precious metal had crossed the ₹1 lakh milestone for the first time on December 23.
With global uncertainties far from over, gold prices are expected to remain unpredictable—keeping both investors and buyers on edge.
