Gold Price Hits All-Time Record High: Rs 60,200 Per Sovereign.
The price of gold in Kerala has skyrocketed, crossing the Rs 60,000 mark per sovereign on January 22, 2025.
The yellow metal is now being sold at a record high of Rs 60,200 per sovereign. This surge is accompanied by a Rs 75 increase in the gold price per gram, which now stands at Rs 7,525.
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Over the past week, the gold price has been on a steady upward trend. On January 16, it was Rs 59,120 per sovereign, rising to Rs 59,600 on January 17. After a brief dip to Rs 58,480 on January 18, the price rebounded on January 20, ultimately crossing the Rs 60,000 mark. Meanwhile, the silver price has remained stable at Rs 104 per gram.
Here’s a quick rundown of the gold price in Kerala over the last five days:
- January 21: Rs 59,600 per sovereign
- January 20: Rs 59,600 per sovereign
- January 19: Rs 59,480 per sovereign
- January 18: Rs 59,480 per sovereign
- January 17: Rs 59,600 per sovereign
This significant surge is said to be on account of a weaker US dollar and growing uncertainty surrounding President Trump’s policies, which are expected to impact global markets.
As investors seek safe-haven assets amidst economic uncertainty, demand for gold has increased, pushing prices to unprecedented levels.
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On the Multi Commodity Exchange (MCX), gold futures maturing on February 5, 2025, rose 0.35% to Rs 79,504, while silver futures expiring on March 5, 2025, gained 0.38% to Rs 92,444, reflecting the impact of fluctuating global commodity trends. The silver price has remained consistent at Rs 104 per gram throughout this period.
