Gold prices in Kerala broke records for the second consecutive day on Tuesday. The price of one sovereign gold surged past ₹68,000, reaching ₹68,080 after a sharp ₹680 increase in a single day. Over the past week alone, prices have risen by ₹2,600. The price per gram has also climbed by ₹85, reaching ₹8,510, marking the first time it has surpassed ₹8,500 per gram.   

In the international markets, gold hit a record $3,148.88 per ounce as markets braced for US tariffs. Markets are on edge ahead of US President Donald Trump’s reciprocal tariff announcement for April 2.

ADVERTISEMENT

Even the price of 18-carat gold, commonly used in lightweight jewellery and diamond-studded ornaments, has reached a historic milestone in Kerala. For the first time, it has crossed ₹7,000 per gram, rising by ₹70 to ₹7,020, according to Dr B Govindan, chairman of the All Kerala Gold and Merchants Association (AKGSMA). The association also raised silver prices by ₹1 per gram to ₹112.  

S Abdul Nassar’s AKGSMA faction increased the 18-carat gold price by ₹70 to ₹6,980 per gram but kept silver prices steady at ₹112 per gram. While 22-carat gold prices have skyrocketed, 18-carat gold ornaments had gained popularity due to their relatively lower cost. Despite the ₹1,500 price difference per gram, the crossing of the ₹7,000 mark has disappointed consumers.  

ADVERTISEMENT

TAGS

The comments posted here/below/in the given space are not on behalf of Onmanorama. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.