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Gold Crosses ₹1,15,000 Per Sovereign in Kerala — Highest Ever; Jewellers Advise Caution

By Anand PV · 4 min read

Gold Crosses ₹1,15,000 Per Sovereign in Kerala — Highest Ever; Jewellers Advise Caution
["Kerala gold prices surged past \u20b91,15,160 per sovereign (8 grams) on Thursday, setting a new all-time record. The 22-carat rate stands at \u20b914,290 per gram, up \u20b9632 in a single session.","Global gold prices are being driven by escalating US-Iran tensions, a weakening US dollar index, and safe-haven demand from investors worried about trade war impact on Asian economies.","The Kerala Jewellers Association has issued a rare advisory urging customers to avoid large gold purchases this week, warning that volatility could swing prices by \u20b93,000-5,000 in either direction within days.","Gulf expatriates are watching keenly: Dubai 22K gold is trading at AED 321 per gram, and experts note that remittance of gold purchases to Kerala will carry additional import duty, making online purchases more expensive than shopping locally in the Gulf."]

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