Gold price in Kerala crosses ₹90,000 per sovereign for the first time

For the first time in Kerala’s history, the price of gold per sovereign has crossed ₹90,000, rising by ₹840 to ₹90,320. The price per gram increased by ₹105, reaching ₹11,290, while 18-carat gold rose by ₹85 to a record ₹9,355 per gram. Silver remained largely unchanged at ₹163 per gram.

Including 3% GST, ₹53.10 hallmarking fee, and labour charges (calculated at 10%), the price of one sovereign of gold jewellery in Kerala today is around ₹1,02,400 (₹1.02 lakh), with the per-gram price of gold jewellery at approximately ₹12,800. Some jewellers are pricing 18-carat gold at ₹9,290 per gram, up ₹90, while silver is fixed at ₹163 per gram, up ₹2.

The rise in Kerala mirrors international trends. The global benchmark for gold breached $4,000 per ounce, climbing $38 to $4,018. At the start of the year, gold was trading at just $2,500, surpassing $4,000 over several months. Analysts predict it could reach $5,000 by 2026, suggesting that prices per sovereign in Kerala could soon exceed ₹1 lakh.

Several global factors have contributed to this surge, including the US-China trade war initiated by President Donald Trump, the Russia-Ukraine conflict, and the weakening of the US dollar and bonds due to low base interest rates.