KOCHI: In an unprecedented development in the bullion market, gold prices in Kerala have breached the psychological barrier of ₹1,00,000 per pavan (8 grams) for the first time in history. The surge, recorded on Tuesday, marks a significant moment for the state’s economy and its gold-loving consumer base.
The Record-Breaking Figures
According to the latest market data, the price of 22-karat gold rose sharply to:
- Per Pavan (8g): ₹1,01,600
- Per Gram: ₹12,700
This represents a staggering growth compared to the same period last year, when prices hovered around the ₹57,000 mark. The nearly 80% increase in a single year has sent shockwaves through the retail jewelry sector.
