Kochi: The yellow metal has hit yet another all-time high, with gold prices registering a massive surge today. The price of gold saw an increase of ₹125 per gram, pushing the price of one gram to ₹11,070.
The price of an eight-gram sovereign (Pavan) saw a steep hike of ₹1,000, bringing the price of one sovereign to a record-breaking ₹88,560. The price of 18-carat gold rose to ₹9,100 per gram, while 14-carat gold increased to ₹7,100 per gram.
The historic rally is not confined to the domestic market. In the global market, gold is trading at record levels, crossing the \$3,900 mark per ounce for the first time ever. Gold is currently trading around \$3,922 per ounce. Spot gold prices rose by 0.9\% yesterday, and U.S. gold futures climbed 1\% to reach \$3,947.
Factors Driving the Surge
The surge in gold prices is primarily influenced by the increased likelihood of the U.S. central bank, the Federal Reserve, cutting interest rates, and the continued government shutdown in the U.S. Investors are increasingly turning to gold as a safe-haven asset amidst economic uncertainties, driving up demand and prices.
Over the last 25 years, the price of gold has seen an astonishing increase of 2726\%. On March 31, 2000, the price of one sovereign was a mere ₹3,212. The latest peak was registered on October 4, 2025, when the sovereign price touched ₹87,560.
